Isbn: 9780243574162 - accounting in a golden rule economy (classic reprint) (3 résultats)

PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000.

PAP. Etat : New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Etat : New. Print on Demand. This book focuses on accounting within a nation's economic equilibrium rate. The author demonstrates that accounting methods within a stationary state, defined as a period that repeats itself unchanged, have constant net income and an accounting rate of return equal to the internal rate. However, in a steady state growth equilibrium, the accounting rate of return will always equal the internal rate of return regardless of the depreciation method or pattern of quasi-rents generated by the assets, as long as the firm holds a balanced stock of assets. The author also provides a range of simulations that reveal that the divergence from the internal rate of return in different scenarios is often fairly small, suggesting that care should be taken when making inter-industry comparisons. The book's insights will be of great value to economists and accountants, helping them to better understand the relationship between accounting rates and economic equilibrium rates and to make more informed decisions in their respective fields. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…