← Search

Towards a Contract Basis of Valuation in Accounting.

John S. Hughes

Associate Professor of Business Administration, Duke University 1

The Accounting Review 1978

Abstract ABSTRACT: This article provides a rigorous development of a contract (or commitment) basis of accounting as an alternative to the exchange basis in present use. Specifically, the analysis deals with the valuation of executory contracts including purchase commitments, forward contracts in foreign exchange, employee stock options, and leases. Notwithstanding the severity of assumptions, the analysis provides a coherent, logical, and widely applicable model of valuation in accounting.

DOI
10.2308/tar-4482493
Volume
53 (4)
Pages
882-894
Language
en
Export
BibTeX
Sources
crossref openalex