2004 Fiscal Year Final Research Report Summary
Research on accounting profits and accounting functions from the institutional and conceptual view
| Project/Area Number |
14530166
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Hitotsubashi University |
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Principal Investigator |
MANDAI Katsunobu Hitotsubashi University, Graduate School of Commerce and Management, Professor, 大学院・商学研究科, 教授 (80209709)
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| Project Period (FY) |
2002 – 2004
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| Keywords | equity accounting / information accounting / net income / comprehensive income / asset and liability view / revenue and expense view / conceptual framework |
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| Research Abstract |
This research focuses on the relationship between accounting profits and accounting functions from the institutional and conceptual view. There are tow accounting profits, net income(realized profit) and comprehensive income. Equity accounting (resolving conflicts of interested parties) and information accounting are well-known as accounting functions.
Japanese accounting standards intend information accounting and introduce net income. On the contrary Japanese commercial law intends equity accounting and introduces net income.
International Accounting Standards Board intends information accounting and introduces comprehensive income instead of net income. Further IASB seeks information about the current value of an entity by financial reporting.
Accounting standards in the United Kingdome of Great Britain and Northern Ireland intend information accounting and introduce an information set approach instead of a single performance indicator like net income.
A conclusion is drawn from this research that there is no fixed relationship between accounting profits and accounting functions.
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Research Products
(6 results)
