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March 18, 2026The Accounting Review

A Critical Appraisal of the Current Asset Concept.

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Authors

SFSaul FeldmanHofstra University

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Implication

This article critiques the definition of current assets, suggesting that incorporating certain charges enhances working capital calculations.

Key Points

  • The aim is to evaluate how the definition of current assets can be expanded to include certain non-cash charges.
  • Reviewed Accounting Research Bulletins No. 30 and No. 43
  • Analyzed the implications of redefinitions on working capital
  • Discussed the effects of including fixed and depreciable assets on current assets
  • Revised definitions of current assets can significantly increase reported working capital.
  • Including non-cash charges to operations offers a more accurate representation of financial health.
  • The adjustments highlight the true working capital under the going-concern valuation framework.

Cite This Study

Saul Feldman (1959) studied this question.

synapsesocial.com/papers/69ba43384e9516ffd37a44a4https://doi.org/10.2308/tar-7057862
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Also Consider

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

  1. 1CORRESPONDING OF CURRENT ASSETS ACCOUNTING TO INTERNATIONAL STANDARDS2026
  2. 2THE WORKING CAPITAL CONCEPT--A RESTATEMENT.1962
  3. 3Current Cost for Long-Lived Assets: A Critical View.1969
  4. 4The Concept of Assets in Accounting Theory.1996
  5. 5ACCOUNTING PRINCIPLES AND THE CURRENT CLASSIFICATION.1944