Economic Versus Accounting Income: The Impact of Education on Students' Concepts

A study of differences in approach to value and income concepts by students with and without formal accounting education is presented by Kida and Hicks. They found that students without accounting training tend to regard income as a change in value and well-being; those with accounting tend to view...

Full description

Saved in:
Bibliographic Details
Published in:The Journal of economic education 1982-07, Vol.13 (2), p.40-46
Main Authors: Kida, Thomas E., Hicks, Donald W.
Format: Article
Language:English
Subjects:
Accounting interpretations
Accounting methods
Accounting policies
Accounting systems
Cognitive Processes
Conventions
Economic costs
Economic value
Economics
Economics Education
Education
Feedback (Response)
Financial accounting standards
Historical cost
Historical cost accounting
Income approach
Inventory
Motor Vehicles
Questionnaires
Replacement value
Resistance to Change
Students
Training
Well Being
Citations: Items that this one cites
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:A study of differences in approach to value and income concepts by students with and without formal accounting education is presented by Kida and Hicks. They found that students without accounting training tend to regard income as a change in value and well-being; those with accounting tend to view the income concept from an accounting procedural approach. The question is raised whether accounting majors might not benefit from additional training in economic theory beyond a basic principles course to broaden their approach to "theoretical value-based concepts."
ISSN:0022-0485
2152-4068
DOI:10.1080/00220485.1982.10844993