The theory and measurement of business income / by Edgar O. Edwards, Philip W. Bell.

; Bell, Philip W
Berkeley : University of California Press, 1961.

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Other Title Business income
Other Authors Bell, Philip W.
Subjects Bedrijfsfinanciën.
Description xv, 323 pages : illustrations ; 25 cm
Copyright Date 1961.
Notes Includes bibliographical references (pages 293-314) and index.
Contents PART 1: The Problem and the Challenge: Economic Needs and Accounting Responsibilities -- Demand for Data in a Dynamic Economy -- Supply of Data and the Stationary State -- The Gap and the Degree of Error -- Efforts to Close the Gap -- Differential Price Movements and the Theory of Business Profit -- PART 2: Core of the Theory: Profit Maximization and the Evaluation of Business Decisions -- Economic Plan of the Firm -- Subjective Profit and Evaluation of Business Decisions -- An Alternative Formulation: Realizable Profit -- Realizable Profit and Evaluation of Expectations -- PART 3: The Theory Extended: Operating versus Holding Activities and the Problem of Market Values -- Concepts of Value and Cost -- Realizable Profit and Its Components -- Business Profit and Its Components -- The Concepts Compared and the Theory Extended -- PART 4: Consolidation of the Theory: Basic Concepts of Measurable Profit and Their Components -- The Components Identified -- Three Concepts of Money Profit: Price Level Changes Ignored -- Modifications Introduced for Price Level Changes -- PART 5: Application to Inventories: Determining Current Cost of Materials Used -- Importance of Inventory Values in Cost of Goods Sold -- Principles of Inventory Costing -- The Current Cost Method -- Comparison of Profit Concepts -- PART 6: Application to Fixed Assets: Determining Current Cost Depreciation -- Importance of Fixed Asset Values in Measurement of Profit -- Depreciation of Fixed Assets: Principles and Procedures When Prices Are Fixed -- Adjusting for Price Changes: The Current Cost Method -- Comparison of Profit Concepts -- PART 7: Concepts of Money Profit: The Fundamental Role of Individual Price Changes -- Treatment of Money Claims -- End-of-Period Adjustment Process -- The Fundamental Statements -- Usefulness of Current Cost Data -- PART 8: Concepts of Real Profit: The Subsidiary Role of Price Level Changes -- Computation of Basic Data -- The Fundamental Statements -- The Accounts and the Accounting Technique -- PART 9: Summary and Conclusions: Is the Needed Change Feasible? -- General Objectives of Accounting Measurement -- Profit-Oriented Behavior of the Business Firm -- Implications for Accounting -- Nature of Required Modifications -- The Accounting Techniques -- The Hurdle of Practicality.
Network Numbers (OCoLC)244552
WorldCat Search OCLC WorldCat
WorldCat Identities Edwards, Edgar O.
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