Description:

The Book is first of its kind. There is hardly any publication in which a comprehensive survey of existing accounting concepts has been made in a systematic way by a single author. It was the result of long and sustained efforts made by the author, who was an experienced teacher, and his own interpretations, coupled with the critical survey, have enhanced the worth of the book. Many long-standing confusions as to basic concepts have been sought to be ably removed by the author. The work is definitely a great contribution to the accounting literature. The book is valuable for the postgraduate students of commerce and management.

A Survey of Accounting Ideas — With an Approach Based on 'Claims to Services' originally contained 28 well-written Chapters in VI Parts. The Survey received wide appreciation from renowned academics the world over as a piece of “substantial work along with publications of Bell, Sprouse and Moonitz. Litttleton and Zimmerman” (Stephen A. Zeff). According to another distinguished American author, R.T. Sprouse, Professor Roy's work was an “evidence of high level scholarship”.

The Theory of 'Claims to Services' was his original contribution for which he had obtained accolades from international scholars of accountancy, as mentioned above. It was considered as his seminal contribution to accounting literature. In brief, the theory of 'Claims to Services' envisages that all accounting attributes are claims to service, positive or negative. Assets and liabilities are claims and disclaims against and in favour of any entity. Expenses are claims against proprietorship and incomes are disclaims in favour of it. All transactions are exchanges in claims which bring about a change in accounting balances in such a way that any moment, the sum of the existing claims is equal to claims of the existing disclaims (p.164, Part III). According to Professor Roy, The Theory Depends on “some axioms or corollaries”, such as enterprise is a separate entity, services do not make transactions, services claimed may not correspond to what are actually derived, there is nothing like enterprise gains or losses and so on. A few lines on the schematic design of the present print may not of out of context.

The present book is divided into Three Parts comprising 14 Chapters. Part I deals with Introduction which is followed by Basic Concepts in Part II (Chapters 2 to 9). The Outline of the Claims to Services is given in Chapter 10. Chapter 11 is on Debit and Credit. The last three Chapters (Chapter 12-14) have been produced in the same version because of their significance. They are: Fisher's Concept of Income (Chapter 12), The Principle of Management Accounting (Chapter 13) and The Basis of Social Accounting (Chapter 14).

The book is first of its kind. It is expected that the members of the IAA Research Foundation, research scholars in accounting and accounting academics and professionals all over will make the best use of this rare publication in disseminating knowledge of accounting.

TARGET AUDIENCE

• M.Com / MBA

• Research Scholars of Accounting CA, CMA & CS