A balance sheet approach versus an income statement approach to financial reporting

Title: A balance sheet approach versus an income statement approach to financial reporting
Description: In 1940 Paton and Littleton adopted two premises in
their book "An Introduction to Corporate
Accounting Standards" - first that periodic income
determination was the central function of financial
accounting and secondly that accounting was not in
essence a valuation process but an allocation process
ofhistorical costs and revenues to different periods.
Thus the income statement approach to financial
reporting was formally acknowledged, and the "buzz
word" matching was developed.; am2018; Accounting
Creator: Koornhof, Carolina, 1959-
Subject: Balance sheet; Income statement; Financial reporting; Financial accounting
Publisher: Universidad de Pinar del Río "Hermanos Saíz Montes de Oca"
Date: 2018-06-12T06:37:13Z; 2018-06-12T06:37:13Z; 1995-10
Type: Article
Format: application/pdf
Identifier: Koornhof, C. 1995, 'A balance sheet approach versus an income statement approach to financial reporting', Podium, vol. 4, no. 5, pp. 6-7.; 1996-2452; http://hdl.handle.net/2263/65129
Language: en
Rights: Universidad de Pinar del Río "Hermanos Saíz Montes de Oca"