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March 18, 2026The Accounting Review

Income, Price Changes and the Valuation Controversy in Accounting.

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Authors

RMR. L. MathewsAustralian National University

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Implication

This article explores income valuation methods amid changing prices, highlighting important theoretical implications.

Key Points

  • The central aim is to address how income and wealth should be measured in the context of variable prices.
  • Analysis of income and wealth concepts under price changes
  • Investigation of accounting record methods for price changes
  • Comparison of three major approaches to income measurement
  • Developed three approaches: purchasing power, current-value, and relative price change
  • Defined current income as the increase in wealth from activities at current prices
  • Highlighted the need for proper integration of price change information in accounting

Cite This Study

R. L. Mathews (1968) studied this question.

synapsesocial.com/papers/69ba43cb4e9516ffd37a55c9https://doi.org/10.2308/tar-4496297
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Also Consider

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

  1. 1ECONOMIC AND ACCOUNTING CONCEPTS OF INCOME.1961
  2. 2THE EFFECT OF CHANGING PRICE LEVELS UPON THE DETERMINATION, REPORTING, AND INTERPRETATION OF INCOME.1949
  3. 3Fully Revealing Income Measurement.1990
  4. 4The Income Concept- Value Increment or Earnings Predictor.1969
  5. 5The State of Current Value Accounting.1975