Accounting Profit Versus Economic Income

D. R. Myddelton

Chapter 5 in Margins of Error in Accounting, 2009, pp 85-94 from Palgrave Macmillan

Abstract: Abstract Nearly half a century ago Boulding (1962) wrote: ‘Economics and accountancy [‘the uncongenial twins’] are two disciplines which draw their raw material from much the same mines. From these raw materials, however, they seem to fashion remarkably different products. … In spite of an apparently common subject-matter, they often seem to inhabit totally different worlds, between which there is remarkably little communication.’

Keywords: Cash Flow; Equity Capital; Residual Income; Future Cash Flow; Economic Income (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59501-9_5

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DOI: 10.1057/9780230595019_5

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