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Budgetary Disclosure and Other Suggestions for Improving Accounting Reports.

W. W. Cooper¹; N. Dopuch²; Thomas F. Keller³

¹ Professor of Economics and Industrial Administration, Carnegie- Mellon University. 1 · ² Associate Professor of Accounting, University of Chicago 2 · ³ Professor of Business Administration, Duke University. 3

Budgetary disclosure has typically been considered from the standpoint of its possible immediate adoption in practice. Here a somewhat different course is followed in order to portray budgetary disclosure as a possible guiding concept which can help to illuminate, adjust and unify other proposals that have been advanced for altering or extending customary accounting reports. Continuation of the latter (i.e., the customary forms and bases of financial reporting) is then regarded as essential for the attainment of reliable and meaningful budgetary disclosures. A more comprehensive system of reporting --which an evolution toward budgetary disclosure will supply--can also eliminate supposed conflicts between customary practices and suitably modified versions of such proposals as accounting uses of index number adjustments, current costs, etc. These topics are dealt with and illustrated in early portions of this paper. Other parts of this paper deal with problems requiring attention in budgetary disclosure, including extensions of audit to reporting of budgetary changes as well as managerial explanations of deviations between budgetary projections and subsequent realizations. A program for research is also suggested which will include studies of the effects of different disclosure practices.

DOI

10.2308/tar-4482032

Volume

43 (4)

Pages

640-648

Language

en

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