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An Inventory of Financially Coherent Accounting Systems
journal contribution
posted on 2023-05-18, 10:12 authored by Jha, V, Willett, RJThis paper distinguishes certain well-known accounting systems on the basis of five axioms characterizing their concept of capital maintenance. The structure of these ‘financially coherent accounting systems’ is reduced to a description in terms of simple diagrams called ‘double-edged chain graphs’. The resulting classification singles out essential properties of the functions which update the accounting measurements in balance sheets over time, and provides a framework within which to identify the specific mathematical forms such functions must take if they are to accord with the capital-maintenance assumptions found in accounting practice.
History
Publication title
IMA Journal of Mathematics Applied in Business and IndustryPagination
13-24ISSN
1471-678XDepartment/School
TSBEPublisher
Oxford University PressPlace of publication
United KingdomRights statement
Copyright 1991 Oxford University PressRepository Status
- Restricted