Inflation Adjusted Funds Flow Statements (Classic Reprint)
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 13.50
Quantity: Over 20 available
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Print on Demand. This book scrutinizes a widespread accounting practice: calculating net income as separate from capital. By examining the historical development of this practice in accounting textbooks, the author argues that it is not only misleading but perpetuates the myth that capital maintenance is inherently beneficial. Drawing on case studies and examples, the book demonstrates how this practice can lead to poor managerial decisions, such as limiting dividend payments when cash is available to pay out as dividends. The author proposes a new statement that reports on funds flow, inflation, and the financial position of a firm to provide a more accurate and comprehensive view of a company's financial health. Ultimately, this book challenges the conventional wisdom of net income as a measure of a firm's performance and offers a fresh perspective on the role of accounting in capitalist economies. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781334413285_0
- Title
- Inflation Adjusted Funds Flow Statements (Classic Reprint)
- Author
- Michael F. Van Breda
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1334413282
- ISBN 13
- 9781334413285
- Seller catalogs
- Accounting
One of the more unfortunate myths that we accountants have helped to perpetuate is that capital maintenance is in itself and of necessity a good thing. We have achieved this most misleading result by a continual emphasis on the calculation of net income as something entirely separate from capital without an equal stress on the hazards of this calculation or the dynamics of capitalism.
The origin of this misplaced emphasis almost certainly goes back to textbook models of the firm. These models are invariably static, i.e., they analyse the conditions necessary for equilibrium at a point in time. There is no past or future in a static world, only a present.
But time is of the essence of things in the real world. It takes time to produce goods for sale, time to distribute them, and time to receive payment. If all this did happen instantaneously, there would be no need for accounting, let alone an accounting problem. All our problems in volve time at their very heart. How to depreciate, how to match expenses, when to recognize revenue are all matters of timing.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
"Synopsis" may belong to another edition of this title.
Forgotten Books
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
The digital edition of all books may be viewed before purchase if you request a sample.
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