Value in Accounting
$19.95 Buy and instantly download this paper now
From the Paper:"VALUE AND THE CONCEPTUAL FRAMEWORK OF ACCOUNTING
The concept of value is central to the objectives of accounting (Harper & Rose, 1993, p. 21). Nevertheless, defining exactly how value is to be determined remains a point of dispute among both accountants and the users of accounting information (Petree, 1993, p. 28; Aitken & Loftus, 1994, p. 1). Within such an environment, one issue raised is the value of continuing to pursue the development of a conceptual framework for accounting when the definition of a key concept--value--remains a point of dispute.
With respect to the valuation of the worth of a firm, one contention is that financial reports should provide prospective information to facilitate the assessment of the firm's future (Walther, 1993, pp..."
Cite this Essay:
Value in Accounting (2003, June 01) Retrieved July 16, 2019, from https://www.academon.com/essay/value-in-accounting-12200/
"Value in Accounting" 01 June 2003. Web. 16 July. 2019. <https://www.academon.com/essay/value-in-accounting-12200/>