Editorial Reviews
Review
“A lengthy, well-written academic research work on the utility of a value added accounting statement. Riahi-Belkaoui proposes that value added reporting, popular with UK companies since the middle 1970s, should be adopted in the US to increase the social utility of accounting reporting. The book consists of four chapters covering the benefits of value added reporting; the usefulness of the concept in understanding corporate takeovers; the relationship of the value added concept to understanding systematic risk; and a lengthty case study on value added financial-statement analysis. An index, two articles reproduced from British periodicals, and three case exhibits constitute more than half the book. An excellent 32-page article using a historical-genealogical approach to value added theory is unfortunately very difficult to read due to a very small type font and poor print quality. The emphasis on stakeholders rather than stockholders is an emerging international and multinational trend explored with clarity in this book. This volume will be useful to graduate accounting and finance students for gaining an understanding of the development of accounting income measurement from cash to accrual back to cash, and now to a value added basis.”–
Book Description
A new form of accounting statement--the value-added statement--is gaining popularity in the United Kingdom, and could easily be adopted in the United States, with beneficial results. Riahi-Belkaoui maintains that the value-added statement can be viewed as a modified income statement: it reports the operating performance of a company at a given point in time, using both accrual and matching procedures. Unlike the income statement, however, the VAS is interpreted not as a return to shareholders but as a return to the larger group of capital and labor providers. Belkaoui spells out how the statement is developed, how it can be adapted to U.S. needs, and what its potential benefits would be. His book will thus interest not only accountants, teachers, and students who follow trends in international and multi-national accounting, but also those who want to prepare for the development of techniques and procedures that might be anticipated in the U.S.
Value Added Reporting
Value Added Reporting,Ahmed Riahi-Belkaoui,Quorum Books,0899306519,Accounting,Accounting - General,Business & Economics,Business / Economics / Finance,Business/Economics,Corporations,Financial Accounting,Financial statements,Income accounting,Value added,Business & Economics / Accounting / General
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