Incorporating the time value of money within financial accounting:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | Undetermined |
| Veröffentlicht: |
[Toronto]
CICA
1988
|
| Schriftenreihe: | A research study
|
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Literaturverz. S.341-349 |
| Beschreibung: | XV, 349 S. |
| ISBN: | 0888001940 |
Internformat
MARC
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| 100 | 1 | |a Milburn, John A. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Incorporating the time value of money within financial accounting |c J. Alex Milburn |
| 264 | 1 | |a [Toronto] |b CICA |c 1988 | |
| 300 | |a XV, 349 S. | ||
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| 490 | 0 | |a A research study | |
| 500 | |a Literaturverz. S.341-349 | ||
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Datensatz im Suchindex
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| adam_text | INCORPORATING THE TIME VALUE OF MONEY WITHIN FINANCIAL ACCOUNTING TABLE
OF CONTENTS PAGE PREFACE XIII PART I - FRAMEWORK FOR ANALYSIS 1
INTRODUCTION, OBJECTIVES AND APPROACH 1 STUDY OUTLINE 2 CONSIDERATIONS
RELATING TO THE STUDY S OBJECTIVES AND ANALYTICAL APPROACH 2 THE
ALLOCATION PROBLEM 3 PERSISTENCE OF ACCRUAL ACCOUNTING * ABSENCE OF
VIABLE ALTERNATIVES 3 JUSTIFICATION FOR STUDY TO TRY TO IMPROVE
COST-BASED ACCRUAL ACCOUNTING 4 A PERSPECTIVE ON ECONOMIC INDETERMINACY
5 RELATIONSHIP TO USER PURPOSES 7 PRACTICAL IMPLEMENTATION ISSUES 8 2
TIME VALUE OF MONEY: ITS ACCEPTANCE IN SOCIETY AND IN ACCOUNTING 9 THE
TIME VALUE OF MONEY 9 TIME VALUE OF MONEY AND FINANCIAL ACCOUNTING 11
SIGNIFICANCE TO FINANCIAL ACCOUNTING 11 GENERALLY ACCEPTED ACCOUNTING
PRINCIPLES (GAAP) 12 3 THE MATCHING OBJECTIVE RELATED TO CASH FLOW
EXPECTATIONS AND THE PRESENT VALUE CONCEPT 15 A ROAD MAP 15 THE MATCHING
OBJECTIVE 16 HISTORICAL DEVELOPMENT 16 THE ECONOMIC RELATIONSHIP BETWEEN
SACRIFICES AND BENEFITS 17 THE BASIC MEASUREMENT ATTRIBUTE *
CASH-EQUIVALENT FLOWS 18 THE ELEMENTS OF FINANCIAL STATEMENTS 20 THE
PRESENT VALUE FORMULA 20 THE PRESENT VALUE CONCEPT OF AN ASSET 21 THE
PRESENT VALUE CONCEPT OF EXPECTED EARNINGS 22 THE PRESENT VALUE
INTERPRETATION OF EX POST EARNINGS 23 ECONOMIC INCOME 25 10 PROPOSED
DECISION RULE I: DETERMINING AN INTEREST RATE 127 THE ELEMENTS OF AN
INTEREST RATE 127 THE MINIMUM RISK RATE OF RETURN 129 SPECIFIC
RISK-ADJUSTED RATES 130 CURRENT VERSUS EMBEDDED RATE 133 CURRENT MARKET
VERSUS AN ESTIMATED LONG-RUN RATE 136 SUMMARY 138 11 PROPOSED DECISION
RULE II: ESTIMATING PATTERN OF BENEFIT 139 DECISION RULE II 139
ESTIMATION ISSUES AND ASSUMPTIONS * TANGIBLE OPERATING INPUTS 139
IDENTIFYING THE OPERATING PROCESS(ES) 140 ESTIMATING PROBABLE FUTURE
REVENUE PATTERN 141 ESTIMATING USEFUL LIFE AND RESIDUAL VALUE 146
ADJUSTING FOR AN EXPECTED DECLINE IN FIXED ASSET CAPACITY 150 ESTIMATING
FIXED ASSET FUTURE COSTS 152 SOME SUMMARY OBSERVATIONS 155 SOME
ADDITIONAL CONSIDERATIONS * OTHER TYPES OF INPUTS 156 1. PRODUCT COSTS
AND INVENTORIES 156 2. OTHER PRE-EARNING STAGE ASSETS 157 3. IDLE
PLANT 158 4. LAND IN USE 158 5. INTANGIBLES 159 SUMMARY 162 12 PROPOSED
DECISION RULE III: RECOVERABLE VALUE 165 THE FRAMEWORK FOR DECISION RULE
III 165 SOME APPLICATION CONSIDERATIONS 166 THE CONTRIBUTION EXPECTATION
166 THE AGGREGATE NATURE OF THE PROPOSED RULE 166 THE RELEVANCE OF NET
REALIZABLE VALUES 167 ESTIMATING FUTURE NET CASH-EQUIVALENT FLOWS 168
PRESUMPTION AS TO TECHNOLOGY AND OUTPUT CAPACITY 170 THE INTEREST RATE
171 DECISION RULE III RECOVERABLE VALUE COMPARED WITH CURRENT MARKET
VALUE 171 REFLECTING RESTORED PROSPECTS IN PERIODS SUBSEQUENT TO A
WRITEDOWN 172 CONSISTENCY WITH RECOVERABLE VALUE OF MONETARY ASSETS 174
SOME PRELIMINARY EVALUATION CONSIDERATIONS 174 UNCERTAINTY 175
ACCOUNTABILITY UNDER DECISION RULE III 175 ALTERNATIVE CONCEPTS WITHIN
PRESENT GAAP 176 SUMMARY 179 13 SOME COMPARATIVE EVALUATION
CONSIDERATIONS 181 CONSISTENCY WITH HISTORICAL COST DEPRECIATION
PRINCIPLES 182 SYSTEMATIC AND RATIONALITY CONDITION 182 SOME
OBSERVATIONS ON ALTERNATIVES 187 SOME HISTORICAL COST DEPRECIATION
ALTERNATIVES 189 DEPRECIATION BASED ON USE OR CAPACITY TO PRODUCE 189
DEPRECIATION BASED ON UNITS OF PRODUCTION 190 SIMPLE (NON-DISCOUNTED)
RETURN ON REVENUES 191 EXIT AND ENTRY VALUE SYSTEMS * SOME OBSERVATIONS
194 EXIT VALUES 194 ALTERNATIVE ENTRY VALUE SYSTEMS 196 SUMMARY 200
SUMMARY OBSERVATIONS 200 PART IV - PRESENT VALUE ALLOCATIONS:
LIABILITIES 14 DEBT AND INTEREST ON DEBT 205 DEBT: INTRODUCTION TO
PRINCIPLES AND ISSUES 206 DISTINGUISHING DEBT FROM EQUITY 207 EARLY DEBT
EXTINGUISHMENTS 208 TROUBLED DEBT RESTRUCTURINGS 209 LIMITATIONS OF
COST-BASED ACCRUAL PRINCIPLES IN COMPARISON WITH CURRENT VALUES 212
COMMENTARY ON THE RELATIONSHIP BETWEEN METHODS OF VALUING MONETARY
ASSETS AND DEBT 214 SUMMARY 215 15 INTEREST ALLOCATION ISSUES 217
INTEREST CAPITALIZATION 217 BASIC CLASSIFICATION ISSUES 219 A
COMPLICATION - WHERE FIXED ASSETS ARE USED IN CONSTRUCTING PRE-EARNING
ASSETS 220 INTEREST CAPITALIZATION RATE 223 LACK OF SYMMETRY BETWEEN
CAPITALIZATION AND ALLOCATION RATES OF INTEREST 225 EFFECT OF DEBT ON
RECOVERABLE VALUE DETERMINATIONS 225 SUMMARY 228 16 FUTURE COST
LIABILITIES 229 A DEFINED BENEFIT PENSION PLAN CONTEXT 230 DETERMINING
WHICH EXPECTED FUTURE PENSION PAYMENTS RELATE TO PAST EVENTS 230
ESTIMATING THE PROBABLE TIMING AND AMOUNTS OF FUTURE PENSION PAYMENTS
231 DETERMINING APPROPRIATE INTEREST RATES AND PRESENT VALUES 232
EXPERIENCE VARIANCES AND VARIABILITY OF ESTIMATES 240 SYNTHESIS *
PRESENT VALUE ACCOUNTING AND DEFINED BENEFIT PENSION PLANS 243 OTHER
FUTURE COSTS 244 SUMMARY 244 PART V - INCOME TAXES 17 INTRODUCTION TO
ISSUES 249 ASSUMING NO TIMING DIFFERENCES 250 THE EFFECTIVE AFTER-TAX
INTEREST RATE 251 INTRODUCING TIMING DIFFERENCES 253 FLOW-THROUGH
ACCOUNTING FOR TAXES 254 ALTERNATIVE ACCOUNTING APPROACHES 255 18
DISCOUNTED NET-OF-TAX AND DEFERRED TAX DETERMINATIONS 257 NET-OF-TAX
ACCOUNTING 257 AN EXPANDED EXAMPLE 258 SOME IMPLICATIONS OF THE
NET-OF-TAX APPROACH 259 FLOW-THROUGH TAX ACCOUNTING 262 SUMMARY 262
DEFERRED TAX ACCOUNTING 263 THE INDEFINITE DEFERRAL ARGUMENT 263
DEPRECIATION ON A BEFORE-TAX BASIS 263 THE DEFERRAL AND ACCRUAL
METHODS WITHOUT DISCOUNTING 265 DEFERRED TAX ACCOUNTING - A DISCOUNTING
APPROACH 267 THE BALANCE SHEET DEFERRED TAX CREDIT 268 DEFERRED TAX
CALCULATIONS ON AN ONGOING BASIS 272 SUMMARY 275 19 DISCOUNTED DEFERRED
TAXES: SOME ADDITIONAL CONSIDERATIONS 277 NET-OF-TAX VERSUS DEFERRED TAX
ACCOUNTING 277 CLASSIFICATION OF INTEREST ON DEFERRED TAX BALANCES 278
ESTIMATING FUTURE TAX RATES AND TIMING DIFFERENCES 278 ASSUMPTIONS WITH
RESPECT TO FUTURE TAXABLE INCOME 279 POSSIBLE DISCOUNTING ALTERNATIVES
AND THEIR TIMING DIFFERENCE REVERSAL ASSUMPTIONS 284 OTHER TEMPORARY
DIFFERENCES BETWEEN ACCOUNTING AND TAX VALUES 287 CHANGES IN
EXPECTATIONS * FURTHER CONSIDERATIONS 289 SOME EVALUATION CONSIDERATIONS
293 COMPLEXITY, COMPREHENSIBILITY AND COST 293 SUMMARY 296 PART VI 20
WHERE TO FROM HERE? 30 1 MEASUREMENT STANDARDS 301 DISCLOSURE STANDARDS
304 EDUCATION IMPLICATIONS 305 RESEARCH NEEDS 306 EXPOSURE AND DEBATE OF
BASIC CONCEPTS 307 SUMMARY 308 THE PROPOSED MODEL - A SUMMARY OVERVIEW
329 BIBLIOGRAPHY 341
|
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| author | Milburn, John A. |
| author_facet | Milburn, John A. |
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| building | Verbundindex |
| bvnumber | BV008843720 |
| ctrlnum | (OCoLC)633814230 (DE-599)BVBBV008843720 |
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| id | DE-604.BV008843720 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T17:25:56Z |
| institution | BVB |
| isbn | 0888001940 |
| language | Undetermined |
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| owner_facet | DE-20 |
| physical | XV, 349 S. |
| publishDate | 1988 |
| publishDateSearch | 1988 |
| publishDateSort | 1988 |
| publisher | CICA |
| record_format | marc |
| series2 | A research study |
| spelling | Milburn, John A. Verfasser aut Incorporating the time value of money within financial accounting J. Alex Milburn [Toronto] CICA 1988 XV, 349 S. txt rdacontent n rdamedia nc rdacarrier A research study Literaturverz. S.341-349 GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005848184&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Milburn, John A. Incorporating the time value of money within financial accounting |
| title | Incorporating the time value of money within financial accounting |
| title_auth | Incorporating the time value of money within financial accounting |
| title_exact_search | Incorporating the time value of money within financial accounting |
| title_full | Incorporating the time value of money within financial accounting J. Alex Milburn |
| title_fullStr | Incorporating the time value of money within financial accounting J. Alex Milburn |
| title_full_unstemmed | Incorporating the time value of money within financial accounting J. Alex Milburn |
| title_short | Incorporating the time value of money within financial accounting |
| title_sort | incorporating the time value of money within financial accounting |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005848184&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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