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SOME OBSERVATIONS ON THE FOUNDATIONS OF THE CURRENT VALUE DEBATE
Author(s) -
Anderson D. K.,
Leo K. J.,
Whittred G. P.
Publication year - 1979
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/j.1467-629x.1979.tb00006.x
Subject(s) - value (mathematics) , positive economics , economics , current (fluid) , accounting information system , production (economics) , accounting , law and economics , microeconomics , computer science , engineering , machine learning , electrical engineering
Proponents of alternative accounting information production systems have, in supporting their alternative, usually demonstrated the superiority of their system conditional upon assumptions about the producers and consumers of accounting information, and in light of the lack of evidence on the issue, assumptions about the relative costs and benefits of their system. This paper addresses the premises that are implicit in the usual arguments for one or the other form of current value accounting and reaches the general conclusion that the arguments for change are not as compelling as they may, at first glance, appear to be.