A Mediaeval System of Accounting

R. A. Rayman

Chapter 3 in Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy, 2013, pp 25-36 from Palgrave Macmillan

Abstract: Abstract The United States Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) do not always see eye-to-eye. They are in complete agreement, however, on the two major – and quite distinct – functions of business accounting: (1) stewardship reporting on “the custody and safekeeping” of resources; and (2) performance reporting on “their efficient and profitable use”.1

Keywords: Financial Account Standard Board; International Account Standard Board; Accounting Period; Accounting Return; True Return (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30450-6_3

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DOI: 10.1007/978-1-137-30450-6_3

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