TY  - CHAP
AB  - Abstract Alternatives to inventory pricing and depreciation expense calculation are examples of actions beyond the limits of the actual experience of an enterprise. They tend to mix expectations (looking forward) with actual experience (looking backward). Both cannot be equally objective. The calculation of insolvency, company mergers, and secret reserves as well as the confusion between values and prices are some of the possible antecedents for the muddling of experience with expectations.
VL  - 20
SN  - 978-1-78635-389-4, 978-1-78635-390-0/1479-3504
DO  - 10.1108/S1479-350420160000020034
UR  - https://doi.org/10.1108/S1479-350420160000020034
PY  - 2016
Y1  - 2016/01/01
TI  - Limits of Experience
T2  - A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays
T3  - Studies in the Development of Accounting Thought
PB  - Emerald Group Publishing Limited
SP  - 105
EP  - 115
Y2  - 2024/04/25
ER  -