The Sixth International Congress on Accounting 1952

This book, first published in 1954, collects papers presented to the Sixth International Congress on Accounting, focusing on post-war changes in money value, taxation, capital raising, and the role of accountants in government and commerce.

Format: Paperback / softback
Length: 774 pages
Publication date: 15 February 2022
Publisher: Taylor & Francis Ltd

This comprehensive book, originally published in 1954, brings together a collection of papers presented at the Sixth International Congress on Accounting. The papers delve into the profound challenges posed by the post-war changes in the value of money and offer insightful solutions for addressing these issues in accounting statements. They also explore the crucial role of accountants in government, taxation, capital formation, and the indispensable contributions of professional accountants in the commercial realm.

The book's publication in 1954 marked a significant milestone in the field of accounting, as it encapsulated the collective expertise and insights of accounting professionals from around the world. The topics covered in the papers reflect the evolving landscape of accounting and finance during that period, highlighting the importance of adapting to changing economic conditions and developing innovative strategies for financial management.

One of the key themes explored in the book is the impact of post-war changes on the value of money. The authors examine the challenges posed by inflation, deflation, and currency fluctuations and propose strategies for accounting for these changes in financial statements. They discuss the use of different valuation methods, such as historical cost and current market value, and argue for the adoption of more robust and transparent accounting practices to ensure accurate financial reporting.

Another important aspect of the book is the role of accountants in government. The authors emphasize the importance of accountants in shaping public policy and implementing effective financial management systems. They discuss the challenges faced by governments in managing their finances, including budgeting, taxation, and debt management, and propose solutions for improving financial transparency and accountability.

The papers also explore the role of accountants in raising and retaining capital for development. The authors discuss the various sources of capital, such as equity, debt, and venture capital, and the strategies for financing development projects. They emphasize the importance of risk assessment, financial analysis, and strategic planning in capital allocation decisions and argue for the development of professional accounting standards and practices to ensure the integrity and reliability of financial information.

Finally, the book addresses the role of the professional accountant in the commercial field. The authors discuss the skills and competencies required by accountants in today's business environment, including financial analysis, risk management, and strategic planning. They argue for the importance of continuous professional development and the need for accountants to stay abreast of the latest developments in accounting and finance.

In conclusion, this book is a valuable resource for accounting professionals, students, and researchers interested in understanding the challenges and opportunities posed by the post-war changes in the value of money, the role of accountants in government, capital formation, and the commercial field. The comprehensive nature of the papers and the insightful analysis provided make it an essential read for anyone seeking to advance their knowledge and expertise in accounting and finance.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367512804