The Accounting Review Vol. 30 No. 3 1955
PROFESSOR DEIN, MR. ALEXANDER, AND SUPPLEMENTARY STATEMENT NUMBER 2.
Abstract
The article focuses on price level changes and financial statements. In the January 1955, issue of the journal "The Accounting Review," Professor Raymond C. Dein criticizes severely proposals that adjustments be made to correct accounting statements for shifting dollar values. A prominent object of his attack is Supplementary Statement Number 2, Price Level Changes and Financial Statements, promulgated in 1951 by the Committee on Accounting Concepts and Standards of the American Accounting Association, of which the writer was a member. No doubt the Statement is subject to criticism and disagreement. This article is written, in reply to Professor Dein's criticisms. Professor Dein states that the literature of accounting since the end of World War II must certainly be unique among professional literatures in at least one respect, that the vehement insistence by respected members of the profession, both practicing and academic, that accounting reports in this period of rising price levels have been and continue to be incorrect and misleading.
- DOI
- 10.2308/tar-7061339
- Volume
- 30
- Issue
- 3
- Pages
- 383-399
- Language
- en
- Sources
- openalex crossref