Synapse
⌘+K
Synapse
PulseExploreClubsResearchersJournals
Instagram
HomeClubsExplore
March 18, 2026The Accounting Review

Accretion Concept of Income.

View Full Paper
Ask AI
Bookmark
Share

Authors

GPG. Edward PhilipsAngelo State University

Discussion

Loading...

Member takes

Implication

This article demonstrates the significance of the accretion concept of income, highlighting its implications for accounting and taxation.

Key Points

  • This article aims to establish the accretion concept of income as a central focus in accounting theory and practice.
  • Demonstration of the relevance of the accretion concept to taxation and accounting practices.
  • Comparison of the accretion concept with existing income concepts in accounting theory.
  • Analysis of the implications of adopting a single income concept for accounting standards.
  • Establishment that the accretion concept can objectively measure income as an increase in economic power.
  • Finding that general acceptance of this concept could significantly alter accounting practices and theory.
  • Identification of the accretion concept as an all-purpose framework applicable in various contexts beyond traditional accounting.

Cite This Study

G. Edward Philips (1963) studied this question.

synapsesocial.com/papers/69ba420a4e9516ffd37a1f69https://doi.org/10.2308/tar-7101014
View Full Paper
Ask AI
Bookmark
Share