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Time in Accounting
Author(s) -
CHAMBERS R. J.
Publication year - 1989
Publication title -
abacus
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.632
H-Index - 45
eISSN - 1467-6281
pISSN - 0001-3072
DOI - 10.1111/j.1467-6281.1989.tb00216.x
Subject(s) - confusion , accounting , argument (complex analysis) , uniqueness , style (visual arts) , economics , business , political science , history , psychology , law , biochemistry , chemistry , psychoanalysis , archaeology
All actions and the financial consequences of all actions are uniquely dated. The dates of actions and consequences are essential elements of their description and essential inputs to their understanding. However, in the course of time, the temporal uniqueness of financial events has come to be disregarded in periodical aggregative accounting. To this dereliction is attributable much of the confusion in argument and infelicity in practice that has stultified the striving for a perennially serviceable style of accounting.