Creating The "Big Mess": A Marxist History Of American Accounting Theory, C.1900-1929

Creating The
Author :
Publisher : World Scientific
Total Pages : 491
Release :
ISBN-10 : 9789811240409
ISBN-13 : 981124040X
Rating : 4/5 (40X Downloads)

Book Synopsis Creating The "Big Mess": A Marxist History Of American Accounting Theory, C.1900-1929 by : Rob Bryer

Download or read book Creating The "Big Mess": A Marxist History Of American Accounting Theory, C.1900-1929 written by Rob Bryer and published by World Scientific. This book was released on 2021-07-15 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creating the 'Big Mess' and its sequel Accounting for Crises use Marx's theory of capitalism to explain why there is no generally accepted theory of financial accounting, and explore the consequences, by studying the history of American accounting theory from c.1900 to 2007. The answer, Creating the 'Big Mess', is first that while late-19th century British accounting principles, founded on the going-concern concept, provided an objective basis for holding management accountable to shareholders for its stewardship of capital, and were accepted by the nascent American profession, they are inchoate. Second, Irving Fisher's economic theory of accounting, based on the assertion that present value is the accountants' measurement ideal, which is subjective, framed early-20th century American accounting theory, which undermined British principles, making them incoherent. In an unregulated, pro-business environment, leading theorists, particularly Henry Rand Hatfield and William A. Paton, Jr., became authorities for management discretion, creating the 'big mess' Hatfield saw in late-1920s American accounting. Accounting for Crises examines the roles of Fisher's theory in promoting the speculation leading to the 1929 Great Crash, aggravating the Great Depression, hindering accounting regulation from the 1930s, producing the Financial Accounting Standard Board's conceptual framework, and facilitating the 2007-2008 Global Financial Crisis.


Creating The "Big Mess": A Marxist History Of American Accounting Theory, C.1900-1929 Related Books

Creating The
Language: en
Pages: 491
Authors: Rob Bryer
Categories: Business & Economics
Type: BOOK - Published: 2021-07-15 - Publisher: World Scientific

GET EBOOK

Creating the 'Big Mess' and its sequel Accounting for Crises use Marx's theory of capitalism to explain why there is no generally accepted theory of financial a
Creating the
Language: en
Pages: 470
Authors: Robert Bryer
Categories: Business & Economics
Type: BOOK - Published: 2021 - Publisher: Frontiers of Accounting and Fi

GET EBOOK

American accounting theory -- British accounting and Marx's theory of capitalism -- Irving Fisher's theory of accounting -- Accounting theory and the profession
Winning Fixes Everything
Language: en
Pages: 446
Authors: Evan Drellich
Categories: Sports & Recreation
Type: BOOK - Published: 2023-02-14 - Publisher: HarperCollins

GET EBOOK

The reporter who broke the Houston Astros' cheating scandal reveals how a baseball team could so dramatically descend into corruption, with never-before-told de
Whispers and Shadows
Language: en
Pages: 201
Authors: Najat Sinclair-Benrbia
Categories: Fiction
Type: BOOK - Published: 2016-10-17 - Publisher: FriesenPress

GET EBOOK

WHISPERS AND SHADOWS is the story of Ahlam, a Moroccan girl, who finds herself living an identity crisis in a culture that privileges boys over girls. Amid the
Conversation and Community
Language: en
Pages: 288
Authors: Anne Gentle
Categories: Computers
Type: BOOK - Published: 2012-07-15 - Publisher: XML Press

GET EBOOK

Anne Gentle's Conversation and Community has become the go-to reference for social media and technical communication. Her clear-eyed survey of the social media