TRA CỨU
Các bộ sưu tập
Skip Navigation Links.
Thư mục - Vốn tư liệu
The role of accounting in the twenty-first century firm

The role of accounting in the twenty-first century firm

 Zimmermana,Jerold L.
 Routledge, Taylor & Francis , 2015.
 London, Institute of Chartered Accountants in England and Wales] Abingdon, UK : pages 485-509. Institute of Chartered Accountants in England and Wales. English ISSN: 00014788
AccountingBusinessBusiness.PrudenceAccounting for capitalConservatismManagement and AccountingIASB s conceptual framework
Tác giả CN Zimmermana,Jerold L.
Nhan đề The role of accounting in the twenty-first century firm / Jerold L. Zimmermana.
Thông tin xuất bản London, Institute of Chartered Accountants in England and Wales] Abingdon, UK :Routledge, Taylor & Francis ,2015.
Mô tả vật lý pages 485-509.
Tùng thư Institute of Chartered Accountants in England and Wales.
Tóm tắt I explore the evolving role of accounting information in allocating capital. Accounting arose to control conflicts of interest in organizations (stewardship role). The industrial revolution spawned capital-intensive firms and public capital markets with dispersed shareholders to finance these firms. The regulation of these public capital markets shifted the role of accounting toward providing investors with information for making informed investment decisions (valuation role). With the advent of the semiconductor and global competition, emerging and public firms today differ from their predecessors in fundamental ways. Exploiting the information technologies created by the semiconductor, twenty-first century firms are now more knowledge based, have more intangible assets, are more reliant on their employees’ human capital, confront increased competition, and face diverse conflicts of interests and hence different challenges accessing capital than their forerunners. Responding to the demands of twenty-first century firms, private-equity (PE) markets provide a bundled service – capital and governance. To supply this bundle, PE firms require accounting information to control the conflicts of interest both within the PE firm (between the general and limited partners) and within their investees. Controlling these conflicts shifts the role of accounting back toward its original stewardship roots. The valuation role remains important, but there is little to value unless the conflicts of interest are first mitigated.
Thuật ngữ chủ đề Accounting-Periodicals.
Thuật ngữ chủ đề Business-Periodicals.
Thuật ngữ chủ đề Accounting-Research-Periodicals.
Từ khóa tự do Accounting
Từ khóa tự do Business.
Từ khóa tự do Prudence
Từ khóa tự do Accounting for capital
Từ khóa tự do Conservatism
Từ khóa tự do Management and Accounting
Từ khóa tự do IASB s conceptual framework
Nguồn trích Accounting and Business Research.- Volume 45, N4, 2015.
MARC
Hiển thị đầy đủ trường & trường con
TagGiá trị
00000000cab a2200000 a 4500
00134840
0022
00445280
008150911s2015 enk eng
0091 0
022[ ] |a 00014788
035[ ] |a 1456363175
039[ ] |a 20241208225659 |b idtocn |c 20150911160326 |d ngant |y 20150911160326 |z ngant
041[0 ] |a eng
044[ ] |a enk
100[1 ] |a Zimmermana,Jerold L.
245[1 4] |a The role of accounting in the twenty-first century firm / |c Jerold L. Zimmermana.
260[ ] |a London, Institute of Chartered Accountants in England and Wales] Abingdon, UK : |b Routledge, Taylor & Francis , |c 2015.
300[ ] |a pages 485-509.
362[0 ] |a Vol. 45, N.4 (2015)
490[ ] |a Institute of Chartered Accountants in England and Wales.
520[ ] |a I explore the evolving role of accounting information in allocating capital. Accounting arose to control conflicts of interest in organizations (stewardship role). The industrial revolution spawned capital-intensive firms and public capital markets with dispersed shareholders to finance these firms. The regulation of these public capital markets shifted the role of accounting toward providing investors with information for making informed investment decisions (valuation role). With the advent of the semiconductor and global competition, emerging and public firms today differ from their predecessors in fundamental ways. Exploiting the information technologies created by the semiconductor, twenty-first century firms are now more knowledge based, have more intangible assets, are more reliant on their employees’ human capital, confront increased competition, and face diverse conflicts of interests and hence different challenges accessing capital than their forerunners. Responding to the demands of twenty-first century firms, private-equity (PE) markets provide a bundled service – capital and governance. To supply this bundle, PE firms require accounting information to control the conflicts of interest both within the PE firm (between the general and limited partners) and within their investees. Controlling these conflicts shifts the role of accounting back toward its original stewardship roots. The valuation role remains important, but there is little to value unless the conflicts of interest are first mitigated.
650[0 0] |a Accounting |v Periodicals.
650[0 0] |a Business |v Periodicals.
650[1 0] |a Accounting |x Research |v Periodicals.
653[0 ] |a Accounting
653[0 ] |a Business.
653[0 ] |a Prudence
653[0 ] |a Accounting for capital
653[0 ] |a Conservatism
653[0 ] |a Management and Accounting
653[0 ] |a IASB s conceptual framework
773[ ] |t Accounting and Business Research. |g Volume 45, N4, 2015.
890[ ] |a 0 |b 0 |c 0 |d 0