• Ankie Hoogvelt
  • Anthony G. Puxty


accounting principles. The basic rules that govern the way in which events affecting an enterprise are converted into the numbers in the financial statements. Although most countries are agreed on the basic conventions, such as conservatism in asset valuation and adherence to historical rather than current cost for those assets, the application of the basic ideas varies considerably in different countries: (a) in the extent to which they are explicitly formulated in company law, commercial practice or comercial codes; (b) in the extent to which they are uniform within the country itself; (c) in the extent to which they are helpful in aiding the reader of the financial statements to obtain a good picture of the status of the enterprise.


Foreign Direct Investment Transfer Price Capital Asset Price Model Financial Account Standard Board Special Draw Right 
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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1987

Authors and Affiliations

  • Ankie Hoogvelt
  • Anthony G. Puxty

There are no affiliations available

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