Accounting and Economics
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DOI: https://doi.org/10.1057/978-1-349-95121-5_527-2
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Abstract
Accounting provides an important source of economic measures, yet consistently falls short of the economist’s conceptual ideal. This shortfall is fodder for economic research, is the result of economic forces, and is the key to making the best possible use of these measures.
Keywords
Accounting and economics Auditing regulation Depreciation Financial Accounting Standards Board (FASB) Generally Accepted Accounting Principles (GAAP) Historical-cost accounting Information school of accounting International Accounting Standards Board (IASB) Measurement school of accountingJEL Classifications
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Notes
Acknowledgments
Helpful comments by Haijin Lin and David Sappington are gratefully acknowledged.
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