Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
By
KENNETH SAMUEL MOST
UNIVERSITY OF FLORIDA
1970
UNIVERSITY OF FLORIDA
ACKNOWLEDGMENTS
ship and support this work could not have b.een completed,
XI a. v e been undertake n.
IX
TABLE OF CONTENTS
Page
ACKNOWLEDGMENTS T "1
LIST OF FIGURES *
Vx
ABSTRJlCT ,
^^^^
Chapter
I . INTRODUCTION 1
Accounting Methodology 18
Definition of the Field . . . , IS
Aoccunting Distinguished fr-om
Statistics ,,,,., 22
The Uses of Aaoounting 24
Economists Uses of Accounting ....,..,,.,
'
30
Macro-economics = . . . 31
Mici'o-econoTnics 35
J. 11
—
Chapter Page
1 '\
VI . SOCIAL ACCOUNTING 1 /
XV
TABLE OF COWl:EirXS~<:ontinued
Page
BIBLIOGPJ^PHY 267
V
.
LIST OF FIGURES
Figure Page
v:.
Abstract of Dissertatior. Presented to the Graduate Couiici].
in Partial Fulfillment of the Requirements for the
Degree of Doctor of Philosophy
By
June, 1970
Vll
and economists are stated in ordar to specify the objections
com.puter.
viii.
,
.X
CHAPTER I
INTRODUCTION
accounting.
- ? -
only after the Crusades reopened the old trade routes to the
Plan follov/ing the second World War. Prior to that v/ar the
French people had enjoyed what was in some ways the highest
- 5
accountancy .
of the time the body falls," -which depends upon the unreal-
vacuum.
Factor Markets
Services
Payments
Product Markets
That they may, and even must, be brought into some kind of
of the accountant.
)
NOTES
p. 18.
- 16 -
17 -
Adoounting Methodology
field.
- 13 -
- 19 -
a two-way flovc' (in and out, or from and to) and the dates
th rough time.
practical advantages.
. p
- 20 -
framework
them.
as a variable.
example of this.
has not always been the case, and that early forms of ac-
the ancient empires of Ghengiz Khan and Attila the Hun, have
this need?
of reality —
^raodels —in a form which permits their, elements
Economists '
Uses of Aaaounting
Macro- sconomics
~ 33 -
- 34 -
public administration.'^
- 35
Mi- aro-saoncm i. c s
the profit and loss account model of the firm for explain-
- 39 -
economic theory .
- 40
be accepted.
an accountant:
NOTES
6. Ibid.
10 Jiia. J p. 2
- 'i^ -
. ^ ,
- 43 --
p. 16
26. Supra 3 p. 5.
- 45 -
Sombart 's position, and Yamey ' s criticisms of it, and show
how V7e differ from both Sombart and Yamey in our interpre-
the relevant passages of the later work for the ideas devel-
- 47 -
- 48 -
sanal or capitalistic.'*
driving force?
the profit and loss account and back into the capital ac-
"
count.
double-entry bookkeeping.^"
53 -
bookkeeping
of capitalism.*^
"
- 54 -
locking accounts .
- 56
calculation.
accounts.
performed efficiently.
double-entry bookkeeping
balance sheet and profit and loss account dovetail into one
mal manner, one less likely to leave traces than the bound
demonstrate clearly.
least.
accounting generally.
Max Weber.
him, and did not hesitate ro draw conclusions from cliem even
tation had not been made when Sombart wrote ; en the other
and a desire for power and luxury. The social problem is,
existence" v;as not the goal of everyman, ages when the domi-
this latter period, after all, that Pope wrote: "An honest
68 -
human beings have not changed during the past thousand years,
wealth they would seize upon it with alacrity. But ask them
cannot do it." Wlien the time came for the Irish to choose,
point.
An Mtsvnati-oe Hypothesis
- 70
- 71 -
environment
who do not now enjoy them, and the basic problem faced by
- 74 -
important for our thesis, hovzever, to see that the slow proc-
kinds.
The Roman trading laws and customs appear to have been re-
man :
76 -
Rockefeller's Memoirs
- 79 -
theorists
.
NOTES
7. Ibid. , p. 326.
- 80
. . . .
- 81
26 Ibid. J p. 312
unexplained.
which are rights "to obtain and enjoy the uses of wealth,"
- 86 -
analysis
- 87 -
and the zero point is the time at which the consumer's good
is sold. The t's are all to the left of this zero point,
m it I + mztz • . • + m t
rn n n
nil + mz . . , + n
has only a time dimension, since the m's cancel out. This
is the "period of production," the average of the time
the product.
corporation accounting.
total output, the three parts are: (1) OARN , the replacement
of capital, (2) BARP, the profit, and (3) HBPf the rent.
rent rises.
$ per unit
pital + Labor + Land
- 91 -
Sales
mn — Materials
+ Labor
^' Expense
(r£;sidual
category)
Q/t
Output
values, and the only way in v/hich time can affect the result
duction and the output of goods and services, and the problem
- 94 -
to be recognized by accountants:
3. Transformations.
way into the objects for which the costs were incurred:
production.
of a transaction.^^
fulness."^^
cost," which, again, does not advance our search for a more
^
useful model. ^
as corporate accounting
. ^
' But he , more than any other
quotation:
to it. . .
."^^ The absence of a reference to organization
valuation models.**^
Lenders of M^ney
Csplt«l Stock
Dlvl<J«rrf»
fciccna taxtt j
Cs>h
osts
Finished GooJs
Flnls!iKJ GooJt
(At Cost)
(At &ale» price)
M
H
p
M-l
o
rH
O
107 -
- 108
as follows:
1. Payments in advance
b. Loans advanced.
A. Purchases on credit.
B. Expense accruals.
C. Tax accruals.
D. Imputed costs.
- 109
Figure 6
and
equal to that of the balance sheet, and also when the first
and so on. V7e are inclined to agree v;ith Machlup that little
>
k>
>
K^ V
<-
M^
i I
/\
<r u O Z v_y
a" c *
N'^
/\
£ C Q «i
UxOat
• c
\/
- i»s'
>
.
- 118 -
Conclusion
- 123 -
.
- 124 -
15. Paton, p. 42 4.
- 125 -
36 Ibid. , p. 73
- 126 -
48. Machlup, p. 8.
Co. 1969)
, p. 6.
,
61.
Skeleton of Science," Management Science, Vol. II
—
See Kenneth E. Boulding, "General Systems Theory The
64. Moonitz, p. 4.
- 129 -
- 130 -
taneously.
"The one term that straddles both se3.f and other, 'produc-
leads to action.
fixed upon them by what other persons think they can make
them yield (with the same provision that the belief must
3n^.l'V''sis
situation, where costs and benefits are equal, are the non-
minants .
of those who provide it, nor are capital and assets iden-
observation of reality.
interest.
by Marczewski .
Sales 423
Purchases 176
Depreciation 39
Interest on fixed assets 13
Interest on current assets 4
Wages 61
Social Security 27
Profit 103
Total £23
Total 101
- 135 -
of the firm v/ith its revenue, and the costs of capital are
of its markets; the author needs only a room, of his own and
concerning what is, and what is not, "the market" are clear
and unmistakeable.
and there are some who maintain that only in the determi-
this defect.
- 140 -
power will rise and fall with the receipt of the proceeds
tween the time when they are produced and the time the mar-
- 142 -
distribution.
- 143
3. Interperiod transfers
a. Depreciation.
c. Pensions.
2a. From the point of view of the user, i.e., the invest-
print for the book. The purchase of paper for the pages of
in the most direct case that the payment is the cost. Further,
of a similar nature.
- 146 -
tr
D b
!<
^-
uj
o ? s
9 ^
z o
S t;
? < ^
- 148 -
- 149 -
as follows:
may occur.
regarded.
- 152 -
shown in Figure 8
ceptive .
- 153 -
- 154 -
the real estate market, the labor market, the raw materials
physical flows between markets and the firm and within the
unit of flow.
involved.
and services, but not their uses. The cash budget is the
- 161 -
control
of value. That the word "value" has two meanings was illus-
ence to the fact that, for one party value in use was less
than the price, and for the other party more. But this did
price theorist.
- 164 -
ferred to above
that the propositions "X weighs 20 lbs." and "Y costs $20"
^
are structurally comparable. ^ In the first case, we have
the unit of measure (3) 20, the quantity and (4) weight,
osity."
means either "pay me $20 for Y" or else: "if I pay $20 I
for some reason this thought was not pursued, and all con-
Conalusion
restrictions which have led many writers away from the broad
NOTES
2. Ihid., p. 143.
- 169 -
- 170 -
depend upon the extent, to which the planners ' image con-
- 172 -
- 173
society.
Bnw to pay for- the War-, created soiTie interest in the pos-
into plans, and those which do, such as France, aim prin-
- 177 -
jectives.
1. National product.
2. National income.
3. Flov; of funds.
the public.
- 181 -
- 182 -
Receipts Payuients
The U. S. System
- 184 -
Income
- 186 -
during the past seventy years could not h.ave been tapped
signify the elements and connections v;hich are as. yet in-
CO
G
O
o
o
<
•H
O
O
CO
«M
O
S
0)
+J
CO
>1
Cfl
I-l
to
a
o
•H
+>
nt
13
OrH
V >
(13 o;
- 189 -
objective verification.
purposely avoided.
product" is not.
of money flows.
is to serve as a surrogate.
shall value the social income?" for the social income be-
\
in 4J
WQ
- 198 -
Conclusion
to which the data may testify and which arise out of sta-
siderably.
NOTES
- 202 -
,
- 203
22. Ihid.
23. Ihid.
24. Yanovsky, op. cit , Ch. II; and The National Economic
.
204 -
31. Ibid. J pp. 22-3; and Michael Kaser, "A Survey of the
National Accounts of Eastern Europe," in Income and
Wealthy Series IX, ed. Phyllis Deane (London: Bowes
and Bowes, 1961), pp. 143-144.
the fact that there has been, and still is, a widely-held
- 206 -
- 207 -
administration.
an analytical method.
208 -
study.
H
z o
o
o
u
u
<
OO <
u
<
6
H
Z
D
O
U
<
o
(-
<
o
<
z
o
p
<
z
o
z
H
z
O
o
<
<
z
<
z
C
- 211 -
- 212 -
lished in 1963.'* The report noted that the Plan had been
of reasons:
1947 Plan with more flexible rules which gave firms vir-
cost accounts.
- 215 -
of the phrase "gross profit" from the model profit and loss
trogvess Si-noe 19 6
the latest.
a. —
Iron and steel the committee's work was delayed
by problems in valuing fixed assets.
- 218
3. Fabrication.
Chemiaats
Wood-working
Psyohological Problems
committee's work.
- 221 -
Teahnioal Problems
even though the firm may opt to adopt any one of them.
accounts.
satisfactory conclusion.
Conclusion
4. Ibid.
7. I&id.jp.l3.
§. Deuxieme et Troisieme Rapports Sur I Application'
9. Ibid.
- 228
CHAPTER VIII
Marczewski as follows:^
- 229
230 -
- 231 -
232 -
regularity.
criticism of accountants.
that revenues are receipts from sales; that costs are money
to undertake.
- 237 -
and
- 238
measurements .
^
239 -
be no return.
Conclusion
relevance.
NOTES
- 245
- 246
248 -
- 249
- 250
- 251 -
all the wonders of nature, and which appeared here for the
first time in human history in all its clarity. Without
too much difficulty, we can recognize in double-entry book-
keeping the ideas of gravitation, of the circulation of the
blood, of the conservation of energy and others which the
—
physical sciences have discovered. And even I v/ould say
on a purely aesthetic plane we cannot regard double-entry
bookkeeping without wonder and astonishment, as being one
of the most artistic representations of the fantastic spir-
itual richness of European man.
- 256 -
257 -
(p. eeS
II 'n.e f'aut done pas aonfondre I 'entreprise avee
le capitaliste J so7i proprietaire Ces deux sont separes
.
- 258 -
- 263 -
p. 75) .
264 -
- 266 -
BIBLIOGRAPHY
1969.
- 267 -
. ., .
- 268 -
Inc. 1962.
,
Paris, 1949.
1966.
1959,
Washington, 1970.
. .
. .
- 269
Chicago, 1953.
- 270 -
Associaticn, 196 6.
- 271 -
- 272 -
Press, 1950.
- 273 -
- 274 -
Nations, 1947.
- 275 -
93.
- 276
- 277 -
95.
pp. 48-55.
- 278 -
- 279 -
- 281 -
- 282 -
Doctor of Philosophy.
June, 1970
Administration
Supervisory Coirimittee;
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