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The present article deals with the emergent factors that have stabilized the historical cost including educational methods, of legal protection, inaccurate generalization of initial book-keeping, protection of syndicates, and non-existence of a complete market. It then proceeds to analyze the critic...
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| Format: | Article |
| Language: | fas |
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University of Tehran
2002-12-01
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| Series: | بررسیهای حسابداری و حسابرسی |
| Online Access: | https://acctgrev.ut.ac.ir/article_13225_2eac788a8a7e75b00bbe5c00a5d7819b.pdf |
| _version_ | 1818564200363982848 |
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| author | دکتر علی ثقفی |
| author_facet | دکتر علی ثقفی |
| author_sort | دکتر علی ثقفی |
| collection | DOAJ |
| description | The present article deals with the emergent factors that have stabilized the historical cost including educational methods, of legal protection, inaccurate generalization of initial book-keeping, protection of syndicates, and non-existence of a complete market. It then proceeds to analyze the criticisms leveled at the cost price which cover unreal assumptions, internal inconsistencies of rules, regulations and accords, absence of a physical entity for accounting terms and figures, irrelevancy of accounting information to the decision-making models and negative implications of the historical cost.
In another section, the arguments supporting the historical cost such as the assessment of stewardship, historicism and decision-making, have been explained. The research also discusses the adverse effects of the cost price on investors, businesses, accounting professionalism and the institutes in charge of accounting standards accreditation. In conclusion, a new accounting model tailored to the needs of the information age is suggested and the role of each one of the interested groups applying this model is accordingly discussed. |
| first_indexed | 2024-12-14T01:26:03Z |
| format | Article |
| id | doaj.art-578152e7e08a46ceb987b53d9ebf09c3 |
| institution | Directory Open Access Journal |
| issn | 2645-8020 2645-8039 |
| language | fas |
| last_indexed | 2024-12-14T01:26:03Z |
| publishDate | 2002-12-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | بررسیهای حسابداری و حسابرسی |
| spelling | doaj.art-578152e7e08a46ceb987b53d9ebf09c32022-12-21T23:22:11ZfasUniversity of Tehranبررسیهای حسابداری و حسابرسی2645-80202645-80392002-12-019113225-دکتر علی ثقفیThe present article deals with the emergent factors that have stabilized the historical cost including educational methods, of legal protection, inaccurate generalization of initial book-keeping, protection of syndicates, and non-existence of a complete market. It then proceeds to analyze the criticisms leveled at the cost price which cover unreal assumptions, internal inconsistencies of rules, regulations and accords, absence of a physical entity for accounting terms and figures, irrelevancy of accounting information to the decision-making models and negative implications of the historical cost. In another section, the arguments supporting the historical cost such as the assessment of stewardship, historicism and decision-making, have been explained. The research also discusses the adverse effects of the cost price on investors, businesses, accounting professionalism and the institutes in charge of accounting standards accreditation. In conclusion, a new accounting model tailored to the needs of the information age is suggested and the role of each one of the interested groups applying this model is accordingly discussed.https://acctgrev.ut.ac.ir/article_13225_2eac788a8a7e75b00bbe5c00a5d7819b.pdf |
| spellingShingle | دکتر علی ثقفی - بررسیهای حسابداری و حسابرسی |
| title | - |
| title_full | - |
| title_fullStr | - |
| title_full_unstemmed | - |
| title_short | - |
| title_sort | |
| url | https://acctgrev.ut.ac.ir/article_13225_2eac788a8a7e75b00bbe5c00a5d7819b.pdf |