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March 18, 2026The Accounting Review

The Logic of the Cost and Revenue Approach.

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Authors

DMD.H. Mackenzie

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Implication

This analysis examines cost accounting principles, revealing discrepancies in existing valuation methods and implications for practice.

Key Points

  • The study aims to critique the valuation hypothesis in accounting and propose a focus on cost-revenue matching.
  • Review of existing accounting principles
  • Analysis of the valuation hypothesis
  • Discussion of reports from the Executive Committee of the American Accounting Association
  • Valuation hypothesis does not align with practical accounting experience
  • Accountants primarily focus on costs rather than valuation
  • Proposed new principles emphasize cost accounting and cost-revenue matching

Cite This Study

D.H. Mackenzie (1947) studied this question.

synapsesocial.com/papers/69ba43384e9516ffd37a44f1https://doi.org/10.2308/tar-7051289
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Also Consider

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

  1. 1An "Events" Approach to Basic Accounting Theory.1969 · 5 citations
  2. 2Asset Valuation and Income Theory.1966
  3. 3Utility and Accounting Principles.1967
  4. 4ASSET RECOGNITION AND ECONOMIC ATTRIBUTES--THE RELEVANT COSTING APPROACH.1962
  5. 5CURRENT PROBLEMS AND ACCOUNTING THEORY.1944