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An Inventory of Financially Coherent Accounting Systems


Jha, V and Willett, RJ, An Inventory of Financially Coherent Accounting Systems, IMA Journal of Mathematics Applied in Business and Industry, 3, (1) pp. 13-24. ISSN 1471-678X (1991) [Refereed Article]

Copyright Statement

Copyright 1991 Oxford University Press

DOI: doi:10.1093/imaman/3.1.13


This 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.

Item Details

Item Type:Refereed Article
Research Division:Mathematical Sciences
Research Group:Pure mathematics
Research Field:Algebra and number theory
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:100579
Year Published:1991
Deposited By:TSBE
Deposited On:2015-05-20
Last Modified:2016-11-17

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