Publisher's Synopsis
Excerpt from A Reconciliation of Some Definitions of Net Income
The Controversy: The most recent analysis of the difference between the two approaches to earnings definition and measurement is to be found in the Financial Accounting Standards Board's Discussion Memorandum on a Conceptual Framework for Financial Accounting and Reporting The discussion there revolves around what the Board terms the revenue/expense view and the asset/liability view.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
