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March 18, 2026The Accounting Review

How Should We Interpret the Realization Concept?

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Authors

CHCharles T. HorngrenUniversity of Chicago

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Implication

This article examines the realization concept in accounting, suggesting rules to enhance financial reporting clarity.

Key Points

  • The study aims to clarify the realization concept in accounting and its implications for reporting practices.
  • Examined the realization concept in accounting literature.
  • Proposed rules for recognizing upward value changes responsibly.
  • Analyzed the clash between critics and supporters of current practices.
  • Identified the importance of recognizing value changes supported by evidence.
  • Argued for the retention of the realization term despite its challenges.
  • Proposed a balance between recognition and realization tests for effective financial reporting.

Cite This Study

Charles T. Horngren (1965) studied this question.

synapsesocial.com/papers/69ba42dc4e9516ffd37a38d0https://doi.org/10.2308/tar-4493560
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Observations Concerning the Realization Concept.1965
  2. 2The Realization Concept.1965
  3. 3The Concept of Realization: A Useful Device.1966
  4. 4A Practitioner's View of the Realization Concept.1965
  5. 5LEGAL BACKGROUND FOR THE ACCOUNTING CONCEPT OF REALIZATION.1963