An Application of Concepts in the Theory Course.
Abstract this article focuses on the accounting concepts useful for accounting students. The ultimate test of one's knowledge of concepts (as opposed to his rote memorization of their definitions) lies in his ability properly to apply the concepts to problems or situations with which he has never before been confronted. The "investment funds" concept is, like the investment credit, an attempt to achieve certain objectives of fiscal policy by inserting special provisions in the tax law. The investment funds system is a tax incentive scheme designed to promote a shift of private investment from periods of boom to periods of recession. The investment funds concept described in the article is a highly simplified version of a system currently in use in, Sweden. The assignment could have been made considerably more difficult by making the definition of "investment funds" more closely correspond to the Swedish system.
- DOI
- 10.2308/tar-4482187
- Volume
- 42 (3)
- Pages
- 596-598
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref