Hicksian income and contemporary accounting

Petrova V.
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Petrova V.: Academy of Economy “D.A.Tsenov”

Економічний вісник Донбасу Экономический вестник Донбасса, 2015, issue 4 (42), 5-11

Abstract: This article deals with the concept of income of one of the most influential economists of the 20th century John Richard Hicks, which left deep trails in the theory of accounting. Hick’s ideas are both theoretically presented and practically illustrated. The way they have been transferred to modern accounting by IASB and FASB is analyzed. The criticisms of the use of the Hicksian income as a theoretical foundation of concepts of income, earnings and capital maintenance as adopted by the Conceptual Framework for Financial Reporting are also discussed in the article.

Keywords: ДОХОД; СУЧАСНИЙ БУХГАЛТЕРСЬКИЙ ОБЛіК; ПРИБУТОК; КАПіТАЛ; СОВРЕМЕННЫЙ БУХГАЛТЕРСКИЙ УЧЕТ; ПРИБЫЛЬ; КАПИТАЛ; INCOME; MODERN ACCOUNTING; EARNINGS; CAPITAL (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:scn:032263:16916493

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