Search results
Results from the WOW.Com Content Network
In accounting, the convention of conservatism, also known as the doctrine of prudence, is a policy of anticipating possible future losses but not future gains. It states that when choosing between two solutions, the one that will be least likely to overstate assets and income should be selected.
Vatter, William Joseph. The fund theory of accounting and its implications for financial reports. University of Chicago Press, 1947. Vatter, William Joseph. Managerial accounting. Prentice-Hall, 1950. Articles, a selection: Vatter, William J. "Limitations of overhead allocation." Accounting Review (1945): 163-176.
William Andrew Paton (July 19, 1889 – April 26, 1991) was an American accountancy scholar, known as founder of the American Accounting Association in 1916, and was founder and first editor of its flagship journal The Accounting Review.
In American political theory, fiscal conservatism or economic conservatism [1] is a political and economic philosophy regarding fiscal policy and fiscal responsibility with an ideological basis in capitalism, individualism, limited government, and laissez-faire economics.
Accounting ethics is primarily a field of applied ethics and is part of business ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Accounting was introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent ...
William J. Bernstein (born 1948) is an American financial theorist and neurologist. His research is in the field of modern portfolio theory and he has published books for individual investors who wish to manage their own equity portfolios, [ 1 ] as well as history.
He is the co-author of a book and the co-editor of two more books. Sahlman argued that the financial crisis of 2007–2008 was a crisis of corporate management resulting from a disorder of "incentives, risk management and control, accounting, human capital, and culture." [4]
The above-mentioned PwC senior partners expressed that convergence will lead to an accounting system that is too rules-based for non-US listed companies, [14] while other critics conversely criticize the principles-based nature of the IFRS as making it difficult for preparers of financial statements to defend against litigation.