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The Foundations of Statistical Activity Cost Theory with Applications to Some Old Accounting Measurement Issues: A Simulation Approach
Citation
Gibbins, M and Hillier, J and Willett, RJ, The Foundations of Statistical Activity Cost Theory with Applications to Some Old Accounting Measurement Issues: A Simulation Approach, Journal of Political Economy, 64, (5) pp. 57-78. ISSN 0022-975X (1998) [Refereed Article]
Abstract
This paper describes in outline the basis of a statistical theory of accounting measurement called 'Statistical Activity Cost Theory'. Some applications are explained through the use of computer simulation. The areas of application are: the statistical properties of the depreciation adjustment; a statistical interpretation of standard costing variables; market values and goodwill as derived, probabilistic concepts; and the relationship of the theory to the fundamental economic forces of consumer preferences and supplier cost functions. The theory has considerable potential to improve understanding of the relationship between accounting numbers and underlying economics processes.
Item Details
Item Type: | Refereed Article |
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Research Division: | Commerce, Management, Tourism and Services |
Research Group: | Accounting, auditing and accountability |
Research Field: | Accounting theory and standards |
Objective Division: | Economic Framework |
Objective Group: | Measurement standards and calibration services |
Objective Field: | Service industries standards and calibrations |
UTAS Author: | Willett, RJ (Professor Roger Willett) |
ID Code: | 100532 |
Year Published: | 1998 |
Deposited By: | TSBE |
Deposited On: | 2015-05-19 |
Last Modified: | 2015-05-19 |
Downloads: | 0 |
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