The asset-and-liability view and the income concepts in Japan / Hiromasa Okada

• Main Author: Okada, Hiromasa
• Format: Article
• Language: English
• Published: Accounting Research Institute (ARI) & Faculty of Accountancy 2008
• Online Access: http://ir.uitm.edu.my/id/eprint/196/1/AJ_HIROMASA%20OKADA%20MAR%2008.pdf; http://ir.uitm.edu.my/id/eprint/196/; https://mar.uitm.edu.my/

This paper clarifies the fundamental income computational structure under the Asset-and-Liability view. According to this income view, income is the increase/decrease in the net asset of an enterprise and key concepts are asset and liability. Thus, in the fundamental income computational structure,...