The Hicks’ Concept of Income and Its Relevancy for Accounting Purposes

Procházka, David. 2009. “The Hicks’ Concept of Income and Its Relevancy for Accounting Purposes.” European Financial and Accounting Journal 4 (1): 37–60.

24 Pages Posted: 29 Oct 2015 Last revised: 30 Oct 2015

Date Written: March 30, 2009

Abstract

The paper analyses the possibility of using the economic concept of income introduced by J. R. Hicks for accounting purposes. Despite some disadvantages hindering from its broader practical utilisation, this concept still finds its place in the area of managerial accounting and capital maintenance. Some aspects of Hicks’ income concepts can be even found in International Financial Reporting Standards.

Keywords: J. R. Hicks, ex-ante income, ex-post income, subjective value, subjective goodwill, subjective profit

JEL Classification: M41

Suggested Citation

Prochazka, David Anthony, The Hicks’ Concept of Income and Its Relevancy for Accounting Purposes (March 30, 2009). Procházka, David. 2009. “The Hicks’ Concept of Income and Its Relevancy for Accounting Purposes.” European Financial and Accounting Journal 4 (1): 37–60. , Available at SSRN: https://ssrn.com/abstract=2682922

David Anthony Prochazka (Contact Author)

University of Economics, Prague ( email )

Nam. W. Churchilla 4
Prague 3, 130 67
Czech Republic

HOME PAGE: http://webhosting.vse.cz/prochazd/

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
106
Abstract Views
643
rank
277,089
PlumX Metrics