Abstract
Studying accounting and finance literature, it is easy to note two totally different approaches: a retrospective one and a prospective one.
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References
Securities and Exchange Commission, 1973, 1975, Statement by the Commission on the Disclosure of Projections of Future Economic Performance, February 2 1973 and April 28 1975.
P. Hansen. The accounting concept of profit-—an analysis and evaluation in the light of the economic theory of income and capital, KobenhavnjAmsterdam (Einar HarcksJNorth-Holland), 1966, p. 9. In his contribution to this book, Hansen replaced the term ‘economic concept of profit’ by ‘the going concern concept of profit’.
N. M. Bedford, Income determination theory: an accounting framework, Reading, Mass. (Addison-Wesley), 1965, p. 27.
A. D. Barton, ‘Expectations and achievements in income theory’, The Accounting Review vol. 49, October 1974, pp. 664–681 (citation is on p. 666).
K. Lippmann, Der Beitrag des okonomischcn Gewinns zur Theorie and Praxis der Erfolgsermit-lung , Dűsseldorf (Institut der wirtschaftsprűsfer), 1970.
K. Lippmann, op. cit. p. 115; an analogous conclusion is reached by, among others, H. Munstermann,‘Dynamische Bilanz: Grundlagen, Weiterentwicklung and Bedeutung in der neuesten Bilanzdiskussion’, Schmalenbachs Zeitschrififur betriebswirtschaftliche Forschung, NF, vol. 18,1966, pp. 512–531; and H. Munstermann, ‘Die Bedeutung des okonomischen Gewinns fur den externen Jahresabschluss der Aktiengesellschaft’, Die Wirischaftsprufung, vol. 19, 1966, pp. 579–584.
K. Lippmann, op. cit. p. 115; an analogous conclusion is reached by, among others, H. Munstermann,‘Dynamische Bilanz: Grundlagen, Weiterentwicklung and Bedeutung in der neuesten Bilanzdiskussion’, Schmalenbachs Zeitschrififur betriebswirtschaftliche Forschung, NF, vol. 18,1966, pp. 512–531; and H. Munstermann, ‘Die Bedeutung des okonomischen Gewinns fur den externen Jahresabschluss der Aktiengesellschaft’, Die Wirischaftsprufung, vol. 19, 1966, pp. 579–584.
L. Traas, Het winstbegrip in de open naamloze vennootschap, Haarlem (F. Bohn ), 1970, p. 7.
Cf., e.g., M. Gordon and G. Shillinglaw, Accounting -a management approach, Homewood III. (R. D. Irwin), 5th edition, 1974, p. 254–260.
Cf. M. Bromwich, ‘The use of present value valuation models in published accounting reports’. The Accounting Review, vol. 52, July 1977, pp. 587 - 596.
E. O. Edwards and Ph. W. Bell, The theory and measurement of business income, Berkeley and Los Angeles (University of California Press), 1961, p. 1
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© 1978 H.E Stenfert Kroese B.V.
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van Dam, C. (1978). The Capital-Income Statement as a New Tool for Management. In: van Dam, C. (eds) Trends in managerial and financial accounting. Nijenrode Studies in Business, vol 1. Springer, Boston, MA. https://doi.org/10.1007/978-1-4613-4062-1_6
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DOI: https://doi.org/10.1007/978-1-4613-4062-1_6
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