Economic Income Versus Accounting Income
Samuel Tung
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Samuel Tung: School of Business, The Hong Kong Baptist University, Kowloon, Hong Kong, China
Review of Pacific Basin Financial Markets and Policies (RPBFMP), 1998, vol. 01, issue 04, 545-553
Abstract:
There is a growing belief that historical-cost accounting is no longer a relevant or reliable means of valuing a firm's assets and liabilities. Economists consider economic income relevant for measuring profit and performance, while they consider accounting income misleading for these purposes. The critical issue of measuring economic income has received little attention. The purpose of this paper is to point out some of the problems involved in computing economic income and to present ways in which accounting income can be adjusted to make it a more viable measurement.
JEL-codes: G1 G2 G3 (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:wsi:rpbfmp:v:01:y:1998:i:04:n:s0219091598000326
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DOI: 10.1142/S0219091598000326
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