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Law and Accounting (RLE Accounting) Pre-1889 British Legal Cases 1st Edition

SKU: 9781317962700

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Additional information

Full Title

Law and Accounting (RLE Accounting) Pre-1889 British Legal Cases 1st Edition

Author(s)

Reid, Jean Margo

Edition

1st Edition

ISBN

9781317962700, 9780415720168, 9780415719377, 9781138979482, 9781317962731, 9781317962748, 9781317962717, 9781306185967, 9781306185974, 9781317962694, 9781317962724, 9781315867113, 9781315867106

Publisher

Routledge

Format

PDF and EPUB

Description

This book contains edited versions of thirty British legal cases involving accounting issues decided from 1849-1888. These cases are a valuable source of information about the development of accounting principles and practices in nineteenth-century Great Britain. The thirty cases show that the court decisions involved a rich variety of accounting issues. In some cases courts upset private contractual stipulations regarding accounting and dividend matters. In others, management was held to have used incorrect principles in computing profits. Whether or not a contract or management decision was upset, the courts often discussed at some length the principles that management should apply in the preparation of balance sheets or income statements. It is therefore obvious that in resolving issues of equity among participants in British companies, the courts were applying normative accounting principles.