A Possibilitarian History of Price Change Accounting in the UK: 1971-1985
Author: Rutherford, Brian A.
Source: Accounting, Business & Financial History, Volume 17, Number 2, July 2007 , pp. 285-312(28)
Abstract:This paper offers a 'possibilitarian' analysis of the history of price change accounting in the UK, exploring how events might have turned out differently at a number of key nodal points. It argues that a stable current cost accounting regime could have been established significantly before SSAP16 was in fact adopted or, alternately, that the retreat from SSAP16 could have been managed in a way that would have maintained compliance with current cost accounting. Had a substantial period of widespread compliance within a stable regime eventuated, a quite different dynamic might have emerged, including significant user pressure to maintain current cost accounting, thereby underpinning the regime and leading to its long-term survival.
Document Type: Research Article
Affiliations: Kent Business School, University of Kent, UK
Publication date: July 1, 2007