Accounting Principles for the Autonomous Corporate Entity.
Editorial Reviews
Review
“About 30 or 40 years ago there were frequent debates in the accounting literature about the merits of a `proprietary' versus an `entity' theory. Hill proposes that many accounting controversies ought to be resolved by adopting a new entity approach for large corporations. This would result in treating interest payments as distributions of income (to capital providers) just as dividends are currently so treated. Hill, a former partner with the CPA firm Price Waterhouse, discusses a number of accounting issues, including business combinations, pensions, and leases.... This work could be useful to students writing papers on accounting controversies.”–
“As Henry P. Hill proposes in his brief, brilliant new tract, `Accounting Principles for the Autonomous Corporate Entity,' the economists and common sense have capital placed more intelligently than the accountants do. Capital really is the assets on the left-hand side of the balance sheet, and what Generally Accepted Accounting Principles calls `capital' is really the sources of capital.”–
About the Author
HENRY P. HILL was National Director of Accounting and Auditing Services for Price Waterhouse.
Accounting Principles for the Autonomous Corporate Entity.,Henry P. Hill,Quorum Books,0899302122,Accounting,Accounting - General,Business / Economics / Finance,Business/Economics,Corporations,Management Accounting,United States
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