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March 18, 2026The Accounting Review

Conflicting Concepts of Income for Managerial and Federal Income Tax Purposes.

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Authors

RCRobert G. Cox

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Implication

Analyzes the discrepancies in income concepts for federal income tax and managerial accounting, indicating the necessity for unified standards.

Key Points

  • The aim is to explore the differences in income concepts used in managerial accounting and federal income tax reporting.
  • Review of the evolution of accounting principles over time.
  • Analysis of the role of accounting in various organizational contexts.
  • Examination of terminology in accounting practices.
  • Identified discrepancies in terminology and principles used in managerial vs. federal accounting.
  • Highlighted the need for generally accepted accounting principles to enhance clarity.
  • Proposed that understanding underlying concepts could bridge the gap between practices.

Cite This Study

Robert G. Cox (1958) studied this question.

synapsesocial.com/papers/69ba423c4e9516ffd37a2456https://doi.org/10.2308/tar-7061386
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  1. 1ACCOUNTING PRINCIPLES: THEIR GENERAL ACCEPTANCE AND APPLICATION.1954
  2. 2SOME BASIC CONCEPTS OF ACCOUNTING AND THEIR IMPLICATIONS.1964
  3. 3LIMITATIONS ON THE SIGNIFICANCE OF INVESTED COST.1952
  4. 4ARE THERE 'PRINCIPLES' OF ACCOUNTING?1959
  5. 5Lessons from the Investment Credit.1965