The measurement of wealth

  • Aidan Berry
  • Robin Jarvis


In Chapter 1 we discussed the objectives of accounting reports and the influences of users on financial reporting. We also discussed the limitations of accounting information and the role of accounting in business, its effect on business and some of the factors which influence accounting. In Chapter 2 we examined some possible approaches to income measurement from the point of view both of the economist and of the accountant. We shall now look more specifically at the ways in which accountants measure wealth and income.


Balance Sheet Operating Cycle Bank Loan Fixed Asset Future Benefit 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. Bull, R.J. (1984) Acccounting in Business, Sth Edn, Butterworths, p. 22.Google Scholar
  2. Lall, R.M.(1968) An enquiry into the nature of assets, The New York Certified Public Accountant, November, pp. 793-797.Google Scholar

Further reading

  1. Students who wish to examine the regulatory framework for companies in more detail are referred to Form and Context of Company Accounts, Copper & Lybrand (Financial Training Publications, 1986).Google Scholar

Copyright information

© A.J. Berry and R. Jarvis 1991

Authors and Affiliations

  • Aidan Berry
  • Robin Jarvis

There are no affiliations available

Personalised recommendations