Law and Accounting (RLE Accounting)

Nineteenth Century American Legal Cases

Business & Finance, Accounting
Cover of the book Law and Accounting (RLE Accounting) by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781317962731
Publisher: Taylor and Francis Publication: December 4, 2013
Imprint: Routledge Language: English
Author:
ISBN: 9781317962731
Publisher: Taylor and Francis
Publication: December 4, 2013
Imprint: Routledge
Language: English

This book contains 53 nineteenth century American legal cases in which courts discussed accounting issues. Some are well known: Wood v. Drummer (1824) was the foundation for the idea that capital could not be returned to shareholders and it was this restriction which made it necessary to distinguish between income and capital. The famous case of 1849, Burnes v Pennell is often cited as the source of the rule that dividends cannot be paid except from profits. However, many of the cases covered in this book are not well-known. It is often assumed that few American legal cases on accounting matters were decided in the nineteenth century. However, many of the 53 cases included here preceded the earliest British legal cases that discussed accounting issues and they are interesting for several reasons. They show that government regulation of accounting pre-dated the modern regulatory ear. They also illustration that sometimes private contracts specified a particular accounting treatment and that accounting, therefore, served to define private rights. They also illustrate that American courts discussed accrual accounting problems as early as 1837 and that a cash concept of profits was not the norm.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book contains 53 nineteenth century American legal cases in which courts discussed accounting issues. Some are well known: Wood v. Drummer (1824) was the foundation for the idea that capital could not be returned to shareholders and it was this restriction which made it necessary to distinguish between income and capital. The famous case of 1849, Burnes v Pennell is often cited as the source of the rule that dividends cannot be paid except from profits. However, many of the cases covered in this book are not well-known. It is often assumed that few American legal cases on accounting matters were decided in the nineteenth century. However, many of the 53 cases included here preceded the earliest British legal cases that discussed accounting issues and they are interesting for several reasons. They show that government regulation of accounting pre-dated the modern regulatory ear. They also illustration that sometimes private contracts specified a particular accounting treatment and that accounting, therefore, served to define private rights. They also illustrate that American courts discussed accrual accounting problems as early as 1837 and that a cash concept of profits was not the norm.

More books from Taylor and Francis

Cover of the book Six Sigma by
Cover of the book India and Pakistan by
Cover of the book Paying for Broadcasting: The Handbook by
Cover of the book Planning By Law and Property Rights Reconsidered by
Cover of the book From Good Goddess to Vestal Virgins by
Cover of the book Depression Glass by
Cover of the book Gujarat Beyond Gandhi by
Cover of the book Computer-assisted Investigative Reporting by
Cover of the book Plato by
Cover of the book Marxism, Revolution and Utopia by
Cover of the book Computer-Integrated Building Design by
Cover of the book Organizational Transformation for Sustainability by
Cover of the book Revival: Ethics: An Investigation of the Facts and Laws of Moral Life (1914) by
Cover of the book Compassion Focused Therapy by
Cover of the book Handbook of Cultural Developmental Science by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy