Hachmeister, Dirk; Lampenius, Niklas; Stähle, Martin (2012). Decision-usefulness of ideal cost- and ideal value accounting for valuation and stewardship. Zeitschrift für Betriebswirtschaft, 82(S5), pp. 161-181. SP Gabler Verlag 10.1007/s11573-012-0604-x
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This paper contrasts the decision-usefulness of prototype accounting regimes based on perfect accounting for value, i.e. ideal value accounting (IVA), and perfect matching of cost, i.e. ideal cost accounting (ICA). The regimes are analyzed in the context of a firm with overlapping capacity investments where projects earn excess returns and residual income is utilized as performance indicator. Provided that IVA and ICA systematically differ based on the criterion of unconditional conservatism, we assess their respective decision-usefulness for different valuation- and stewardship-scenarios. Assuming that addressees solely observe current accounting data of the firm, ICA provides information which is useful for valuation and stewardship without reservation whereas IVA entails problems under specific assumptions.
Item Type: |
Journal Article (Original Article) |
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Division/Institute: |
03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute for Accounting and Controlling > Financial Accounting |
UniBE Contributor: |
Stähle, Martin |
Subjects: |
600 Technology > 650 Management & public relations |
ISSN: |
0044-2372 |
Publisher: |
SP Gabler Verlag |
Language: |
English |
Submitter: |
Andrea Stettler |
Date Deposited: |
31 Jan 2014 16:13 |
Last Modified: |
05 Dec 2022 14:28 |
Publisher DOI: |
10.1007/s11573-012-0604-x |
BORIS DOI: |
10.7892/boris.40948 |
URI: |
https://boris.unibe.ch/id/eprint/40948 |
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