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The Foundations of Statistical Activity Cost Theory with Applications to Some Old Accounting Measurement Issues: A Simulation Approach
journal contribution
posted on 2023-05-18, 10:08 authored by Gibbins, M, Hillier, J, Willett, RJThis paper describes in outline the basis of a statistical theory of accounting measurement called 'Statistical Activity Cost Theory'. Some applications are explained through the use of computer simulation. The areas of application are: the statistical properties of the depreciation adjustment; a statistical interpretation of standard costing variables; market values and goodwill as derived, probabilistic concepts; and the relationship of the theory to the fundamental economic forces of consumer preferences and supplier cost functions. The theory has considerable potential to improve understanding of the relationship between accounting numbers and underlying economics processes.
History
Publication title
Journal of Political EconomyVolume
64Issue
5Pagination
57-78ISSN
0022-975XDepartment/School
TSBEPublisher
Kyushu University PressPlace of publication
JapanRepository Status
- Restricted