Create and be damned

Article Abstract:

Ethical ways to improve the financial 'look' of a company are suggested in a humorous parable. The examination of current accounting policies can indicate areas in which the policies are too conservative. One example is the depreciation of vehicles based on short lifetimes and no residual value. The income from the sale of these vehicles is not shown as profit but as miscellaneous income. The capitalization of indirect costs or interest can also improve the financial picture.

Research, Methods, Usage, Accounting, Creative ability, Creativity

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Questions for the president

Article Abstract:

An interview with Institute of Chartered Accountants of Scotland (ICAS) president Frank Kidd reveals some of the important issues surrounding the debate over whether to create a British accounting institute, including such issues as: the regulatory pressures present in creating the proposals for the British Institute; the declining number of ICAS students; and the effects of the European market in 1992 on accounting standards.

Planning, Scotland, Trade and professional associations, Professional associations, Trade associations, interview, Institute of Chartered Accountants of Scotland, Kidd, Frank

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