The Decision Usefulness Theory of Accounting: A Limited History
This book ties together selected contributions by George Staubus to the early development of the decision-usefulness theory of financial accounting--the theory that has become generally accepted accounting theory in the last half of the twentieth century and is the basis for the FASB's conceptual framework.
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The Decision-usefulness Theory of Accounting: A Limited History
George J. Staubus
Limited preview - 2000
accounting decisions accounting method accounting to investors adjusted American Accounting Association amount analysis asset items assets and equities assets and liabilities assets and speciﬁc ATOATI balance sheet basis capital cash balance cash ﬂow cash flow potential classiﬁcation common unit accounting computed criteria criterion current value decision-usefulness theory deﬁnite discounted dividends dollars earnings economic events effects enterprise entity entry equityholders evaluation evidence example FASB ﬁgure financial statements ﬁrm ﬁrm’s ﬁrst future cash flows future cash receipts GAAP historical cost income statement income tax inflation inflation accounting interest intra-actions inventory liquidity managers measurement methods measuring unit ment monetary assets monetary equities monetary items monetary unit net realizable value nonmonetary assets period predicting present value price level purchasing power quick ﬂow real assets realizable value recurring relevant reliability replacement cost residual equity holders restated signiﬁcance Staubus tion transactions users