The Accounting Review Vol. 39 No. 3 1964
THE BALANCE SHEET OF THE FUTURE.
Abstract
The article informs that the accompanying financial statement represents such a goal-something possibly unattainable, but nevertheless desirable. The balance sheet in use today is primarily a report of investment-the amount invested by owners and by creditors, and how the investment has been put to use, the various types of assets an enterprise owns. In order to prepare a statement comparable to the example given with this article, there is no doubt that a CPA will have to extend his competency in such areas as insurance coverage, personnel practices, sales tactics and purchasing procedures. Before discussing the changes proposed in the following statement, it should be pointed out that stimulation of thinking is really the basic objective of the authors in advancing such ideas.
- DOI
- 10.2308/tar-7134679
- Volume
- 39
- Issue
- 3
- Pages
- 615-617
- Language
- en
- Sources
- openalex crossref