Brand names in a conceptual framework

Article Abstract:

The debate on the valuation of brands by the accounting community centers on some specific issues, including the utilization and valuation of resources and assets, the nature of expenses, and deferred expenditures. The brands debate illuminates the fact that the accounting community lacks a conceptual framework spelling out the fundamental precepts of accounting, and some critics contend that the brands debate is meaningless until such a conceptual framework is put in place. If the accounting community sees the purpose of financial statements as offering information for users for decision-making purposes, then financial reporting will be seen as involving recognition and the disclosure of information, rather than measurement. A regulatory framework that allows free choice in the area of measurement practices but also has strict recognition and disclosure requirements should be adopted.

Brand name products, Brand names

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The accountant as stage manager

Article Abstract:

Financial management in the theatrical arts requires as much creativity in accountancy as on stage. Tight budgets, unforseen income levels, and non-profit funding idiosyncrasies all affect the financial perspective. The UK's Arts Council is the major funding source for the arts, and most arts organizations are non-profit corporations subject to the Companies Act, but not to corporate taxation. Accountants and auditors should have integral roles in these operations, but limited budgets often leave the organization's administrator to also function as 'accountant' as a secondary role. Larger accounting firms should sponsor arts organizations, not only as a public service, but as a publicity tool to reach a larger community.

Theatrical producers and services, Arts, Theater, Great Britain

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High interest rates: an evolutionary approach

Article Abstract:

Proposals to recognize imputed interest in financial reports have surfaced over the last 100 years. The omission of imputed interest from financial reports is considered to have minimal consequences when interest rates are low, and it has been argued that imputed interest would further compound the subjectivity of reports since they are not figures for actual transactions. However, the high interest rates of the last 20 years necessitates reconsideration of the recognition of imputed interest. A solution proposed by John Grinyer, earned economic income, would provide figures for economically significant fixed assets that would be useful in assessing financial performance.

Research, Interest rates, Corporation reports, Company reports, Grinyer, John

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