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Timo Salmi

A Comparative Review of the Finnish Expenditure-Revenue Accounting

Based on a Working Paper 78-2. European Institute for Advanced Studies in Management, Brussels, January 1978. Rewritten for electronic publication in 1993. Technically revised in 1996. ISBN 951-683-724-7. Copyright © 1978 and 1996 by Timo Salmi.

CONTENTS

Abstract

1. Purpose

2. Accounting for the Entire Life-Span of the Firm
21. Fundamental Concepts
.. 211. Adoption of the Total Period
.. 212. Expenditures, Revenues, and Financing
.. 213 Determination of Total Profit
.. 214. Entity, Money Measurement and Cost Conventions
.. 215. Summary
22. The Accounting Process
.. 221. Expenditure, Revenue, and Financing Accounts
.. 222. Cash Basis
.. 223. Accrual Basis

3. Accounting for Segments of the Total Period
31. Segmenting a Total Period
.. 311. Reason for Segmenting
.. 312. The Congruence Principle
.. 313. Discussion on the Causal Relation between Annual and Total Profits
32. Principles of Annual Income Determination
.. 321. Annual Closing of Accounts
.. 322. Expenses and Unexpired Expenditures
.. 323. The Matching Convention
33. Special Topics
.. 331. Priority Order of Matching
.. 332. Realization Depreciation
34. Treatment of Expenditure, Revenue, and Financial Accounts in Closing

4. Recapitulation

Footnotes and References

Please use the following reference to this publication: Salmi, T. (1993), "A Comparative Review of the Finnish Expenditure-Revenue Accounting [online]", available from World Wide Web: <URL:http://www.uwasa.fi/~ts/comp/comp.html>. ISBN 951-683-724-7.

This publication is also downloadable as a single zipped file by ftp as tscmpacc.zip

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