Outline

  • Abstract
  • Issues
  • Entrepreneurs’ Ex Ante Perspective in Calculating Capital and Income
  • The Entrepreneur’s Anticipatory ‘calculation’ of Capital and Income
  • Income and Capital Maintenance As Joint Strategic Judgments
  • The Standard for the Accountant’s Focus in Achieving Accuracy
  • Accounting Accuracy As Reporting Enterprise Prospective Worth
  • Accuracy in Capital Accounting As Market Valuation of Capital Goods
  • Accounting Accuracy in Calculating Capital Maintenance and Income
  • Issues of Regulation, Information Adequacy and Private Choice of Procedure
  • Suspected Market Failure and the Presumed Need for Government Regulation
  • Means of Privatizing Choice of Accounting Techniques
  • Accounting Standards May Not Fully Satisfy Investors Need for Information
  • Conclusions
  • References

رئوس مطالب

  • 1. مسائل
  • 2 بازده مورد انتظار کارآفرین از درآمد و سرمایه محاسباتی
  • 3 ارائه استانداری برای حسابداران به منظور تمرکز بر دستیابی به دقت مدنظر
  • 3.1 دقت در حسابداری به صورت گزارشی از ارزش آتی سرمایه شرکت
  • 3.2. دقت در محاسبه سرمایه به عنوان ارزش گذاری کالاهای سرمایه ای
  • 3.3 دقت در حسابداری در حفظ سرمایه و درآمد
  • 4 مسائل مربوط به مقررات، شایستگی اطلاعات و انتخاب خاص فرآیند
  • 4.1. شکست مشکوک بازار و نیاز مسلم به نظارت از سوی دولت
  • 4.2. مفهوم خصوصی سازی انتخاب تکنیک های حسابداری
  • 4.3. استانداردهای حسابداری ممکن است کاملا نیاز سرمایه گذاران به اطلاعات را برآورده نکند.
  • 5 نتیجه گیری

Abstract

Both entrepreneurs and accountants ‘calculate’ capital and income but their procedures diverge. The paper examines this divergence and the respective calculational objectives of entrepreneurs and accountants in the business enterprise. For the entrepreneur, capital and income are ex ante calculational judgments of prospective income gain from strategic use of the enterprise’s capital goods. But the accountant must shun entrepreneurial judgments to ‘calculate’ the contemporary net market value of enterprise’s capital goods at a specified date. Hence, the accountant’s calculation of income is the net contemporary increase in the market value of the enterprise’s capital goods. These accounting calculations facilitate assessment of the success of an enterprise strategy. But critics assert that accounting practice ignores the need of external investor’s for accurate information on enterprise prospects. The paper concludes with a critique of accounting regulation and explores the feasibility and means of privatizing the entrepreneurial choice of accounting techniques.

Keywords: - - - - - -

Conclusions

The paper has explored the stark difference in the ways in which entrepreneurs and accountants ‘calculate’ capital and income. Does this difference suggest that there should be some reconciliation between these contrasting approaches to calculation of capital and income? Clearly the answer is no. These divergent approaches suggest that accuracy must be approached from distinctly different perspectives for the accountant to complement the strategic aspirations of the entrepreneur: his calculational procedures cannot simply replicate the entrepreneur’s best conjectures of enterprise prospects. But shouldn’t accounting reports with respect to enterprise capital and income also be aimed at satisfying the information needs of external investor? In a narrow and strict sense, the answer is no. However, separate releases of supplemental information by the enterprise are entirely appropriate and can help address the need of external investors.

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