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Alternative Means

A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays

ISBN: 978-1-78635-390-0, eISBN: 978-1-78635-389-4

Publication date: 15 October 2016

Abstract

A consummated transaction indicates a clear intention of management to affect the enterprise in a specific way. Both management and investor can benefit from the same data source because both are interested in enterprise transaction experience. Enterprise expectations, on the other hand, can at best only serve as supplements to reviewable prior transaction experience. The reason for this is that transactions become enterprise experience precisely because of management’s intention to implement enterprise objectives, and the service capacity of accounting stems from the objectives that prompt such actions.

Citation

(2016), "Alternative Means", A. C. Littleton’s Final Thoughts on Accounting: A Collection of Unpublished Essays (Studies in the Development of Accounting Thought, Vol. 20), Emerald Group Publishing Limited, Leeds, pp. 187-195. https://doi.org/10.1108/S1479-350420160000020043

Publisher

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Emerald Group Publishing Limited

Copyright © 2016 Emerald Group Publishing Limited