We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
'SUCCESS INDICATOR' FUNCTION OF INCOME CONCEPTS ARGUES ITS FURTHER DEVELOPMENT.
- Authors
DeMaris, E. Joe
- Abstract
The corporate device for organizing productive forces, while a monumental success in permitting coordinated economic activity on a vast scale, has caused some serious problems even with the plenitude of goods and services that gives us our so-called "affluent" society as of January 1963. The factors that have spoilt the in-come concept merely mirror the problem of our society, a society which has a long established tradition of "drifting," a great reluctance to face disagreeable facts. Professional people, on the other hand, are trained to seek out the facts, agreeable or otherwise, and to point the way to a solution if they can. Obviously a reconstituted income concept, that is, one that reveals to the fullest extent possible significant clues about management's performance, will not solve all of the problems mentioned above. But it is the only accepted measure of enterprise performance available today. At the present, therefore, accountants should be concerned with making such improvements in their "success indicator" -the income concept-as they can.
- Subjects
INCOME; ACCOUNTING; ECONOMIC activity; ACCOUNTANT independence; INCOME accounting; ACCOUNTING firms; ECONOMIC indicators; BUSINESS cycles
- Publication
Accounting Review, 1963, Vol 38, Issue 1, p37
- ISSN
0001-4826
- Publication type
Article