Creating the "big mess: a Marxist history of American accounting theory, c.1900-1929
"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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Singapore
World Scientific
[2021]
|
| Schriftenreihe: | Frontiers of accounting and financial history
vol. 1 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | "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"-- |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | 1 Online-Ressource (492 Seiten) |
| ISBN: | 9789811240393 9811240396 |
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| spelling | Bryer, Robert Verfasser aut Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 Robert Arthur Bryer Singapore World Scientific [2021] 1 Online-Ressource (492 Seiten) txt rdacontent c rdamedia cr rdacarrier Frontiers of accounting and financial history vol. 1 Includes bibliographical references and index "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"-- Fisher, Irving / 1867-1947 / fast / (OCoLC)fst00001286 Fisher, Irving 1867-1947 Influence History / fast / (OCoLC)fst01411628 Accounting / fast / (OCoLC)fst00795379 Accounting / Philosophy / fast / (OCoLC)fst00795441 Capitalism / fast / (OCoLC)fst00846425 Influence (Literary, artistic, etc.) / fast / (OCoLC)fst00972484 Marxian economics / fast / (OCoLC)fst01010951 Accounting United States History 20th century Accounting Philosophy Capitalism United States History 20th century Marxian economics United States / fast / (OCoLC)fst01204155 Electronic books Erscheint auch als Druck-Ausgabe 9789811240386 Erscheint auch als Druck-Ausgabe 9811240388 https://www.worldscientific.com/worldscibooks/10.1142/12372#t=toc Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Bryer, Robert Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 Fisher, Irving / 1867-1947 / fast / (OCoLC)fst00001286 Fisher, Irving 1867-1947 Influence History / fast / (OCoLC)fst01411628 Accounting / fast / (OCoLC)fst00795379 Accounting / Philosophy / fast / (OCoLC)fst00795441 Capitalism / fast / (OCoLC)fst00846425 Influence (Literary, artistic, etc.) / fast / (OCoLC)fst00972484 Marxian economics / fast / (OCoLC)fst01010951 Accounting United States History 20th century Accounting Philosophy Capitalism United States History 20th century Marxian economics |
| title | Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 |
| title_auth | Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 |
| title_exact_search | Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 |
| title_exact_search_txtP | Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 |
| title_full | Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 Robert Arthur Bryer |
| title_fullStr | Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 Robert Arthur Bryer |
| title_full_unstemmed | Creating the "big mess a Marxist history of American accounting theory, c.1900-1929 Robert Arthur Bryer |
| title_short | Creating the "big mess |
| title_sort | creating the big mess a marxist history of american accounting theory c 1900 1929 |
| title_sub | a Marxist history of American accounting theory, c.1900-1929 |
| topic | Fisher, Irving / 1867-1947 / fast / (OCoLC)fst00001286 Fisher, Irving 1867-1947 Influence History / fast / (OCoLC)fst01411628 Accounting / fast / (OCoLC)fst00795379 Accounting / Philosophy / fast / (OCoLC)fst00795441 Capitalism / fast / (OCoLC)fst00846425 Influence (Literary, artistic, etc.) / fast / (OCoLC)fst00972484 Marxian economics / fast / (OCoLC)fst01010951 Accounting United States History 20th century Accounting Philosophy Capitalism United States History 20th century Marxian economics |
| topic_facet | Fisher, Irving / 1867-1947 / fast / (OCoLC)fst00001286 Fisher, Irving 1867-1947 Influence History / fast / (OCoLC)fst01411628 Accounting / fast / (OCoLC)fst00795379 Accounting / Philosophy / fast / (OCoLC)fst00795441 Capitalism / fast / (OCoLC)fst00846425 Influence (Literary, artistic, etc.) / fast / (OCoLC)fst00972484 Marxian economics / fast / (OCoLC)fst01010951 Accounting United States History 20th century Accounting Philosophy Capitalism United States History 20th century Marxian economics United States / fast / (OCoLC)fst01204155 |
| url | https://www.worldscientific.com/worldscibooks/10.1142/12372#t=toc |
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