Accounting Principles for the Autonomous Corporate Entity - by Henry P Hill (Hardcover)

Review Quotes

?About 30 or 40 years ago there were frequent debates in the accounting literature about the merits of a proprietary' versus an entity' theory. Hill proposes that many accounting controversies ought to be resolved by adopting a new entity approach for large corporations. This would result in treating interest payments as distributions of income (to capital providers) just as dividends are currently so treated. Hill, a former partner with the CPA firm Price Waterhouse, discusses a number of accounting issues, including business combinations, pensions, and leases.... This work could be useful to students writing papers on accounting controversies.?-Choice

?As Henry P. Hill proposes in his brief, brilliant new tract, Accounting Principles for the Autonomous Corporate Entity, ' the economists and common sense have capital placed more intelligently than the accountants do. Capital really is the assets on the left-hand side of the balance sheet, and what Generally Accepted Accounting Principles calls capital' is really the sources of capital.?-American Banker

"As Henry P. Hill proposes in his brief, brilliant new tract, Accounting Principles for the Autonomous Corporate Entity, ' the economists and common sense have capital placed more intelligently than the accountants do. Capital really is the assets on the left-hand side of the balance sheet, and what Generally Accepted Accounting Principles calls capital' is really the sources of capital."-American Banker

"About 30 or 40 years ago there were frequent debates in the accounting literature about the merits of a proprietary' versus an entity' theory. Hill proposes that many accounting controversies ought to be resolved by adopting a new entity approach for large corporations. This would result in treating interest payments as distributions of income (to capital providers) just as dividends are currently so treated. Hill, a former partner with the CPA firm Price Waterhouse, discusses a number of accounting issues, including business combinations, pensions, and leases.... This work could be useful to students writing papers on accounting controversies."-Choice

About the Author

HENRY P. HILL was National Director of Accounting and Auditing Services for Price Waterhouse.