Finance and Accounting

Finance and Accounting

‘What is income? In the context of a review of the income theories of Fisher and Hicks critically evaluate the challenge to the use of Hicksian income theory in accounting policy by Bromwich, Macve and Sunder (2010).’

 

 

Project description
Fisher, I.(1930), ‘Income and Capital’, reprinted in R. H. Parker and G. C.<br />
Hicks J. R. (1946), ‘Income’ in Value and Capital, 2nd Edition, OUP, reprinted in R. H. Parker and G. C. Harcourt (1969) Readings in the Theory and Measurement of Income, CUP

Bromwich, M., R. Macve and S. Sunder. 2010. Hicksian income in the conceptual framework. Abacus 46(3): 348-376.[U]<br />
Whittington, G., Measurement in Financial Reporting, Abacus, 2010, vol. 46, issue 1, pages 104-110.<br />
Whittington, G., FAIR VALUE & CONCEPTUAL FRAMEWORK: AN ALTERNATIVE VIEW, ABACUS, Vol. 44, No. 2, 2008

Briefly answer what it is income and mention the income theories of both Fisher and Hicks, then write down what you going to discuss in the mainbody.

Whittington, G., Measurement in Financial Reporting, and Whittington, G., FAIR VALUE & CONCEPTUAL FRAMEWORK: AN ALTERNATIVE VIEW, ABACUS.
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