Value Added Accounting and Performance Evaluations : Value Added Statement

ISBN-13: 9783846598207 / Angielski / Miękka / 2011 / 120 str.

Nimalathasan Balasundaram

Opis

In practice, accounts have traditionally been prepared for shareholders and creditors. The Corporate Report indentifies certain other user groups whose fortunes are tied up with the success or otherwise of a company. The report has argued that these groups have a right to information and has also advised to widen the responsibility of significant economic entities to report information relevant to their needs. The value added statement shows the income of an entity and its distribution among the people who contribute in its creation. Thus value added statement reveals the income of a team comprising owners, employees, financiers, and government instead of giving emphasis on showing the income of owners only. In other words, income in value added approach includes rewards of a much wider group than just the shareholders.

O autorze

Dr. B. Nimalathasan is a Senior Lecturer, Department of Accounting, Faculty of Management Studies & Commerce, University of Jaffna, Sri Lanka. He published research papers in refereed journal of national and international repute. He attended and also presented some research papers at national and international conferences.