The Wealth of the Nation: The National Balance Sheet of the United Kingdom, 1957-61.

Economica ◽  
1968 ◽  
Vol 35 (139) ◽  
pp. 327
Author(s):  
F. W. Paish ◽  
Jack Revell
Keyword(s):  
United Kingdom ◽  
Balance Sheet ◽  
The United Kingdom

The Wealth of the Nation. The National Balance Sheet of the United Kingdom 1957-1961.

1968 ◽  
Vol 78 (309) ◽  
pp. 110
Author(s):  
E. Victor Morgan ◽  
J. Revell ◽  
G. Hockley ◽  
J. Moyle
Keyword(s):  
United Kingdom ◽  
Balance Sheet ◽  
The United Kingdom

The Wealth of the Nation--The National Balance Sheet of the United Kingdom, 1957-1961

Econometrica ◽  
1970 ◽  
Vol 38 (2) ◽  
pp. 377
Author(s):  
R. W. Goldsmith ◽  
Jack Revell ◽  
Graham Hockley ◽  
John Moyle
Keyword(s):  
United Kingdom ◽  
Balance Sheet ◽  
The United Kingdom

scholarly journals Accounting conservatism in Portugal: similarities and differences facing Germany and the United Kingdom

2007 ◽  
Vol 11 (spe2) ◽  
pp. 163-188 ◽  
Author(s):  
Leonor Fernandes Ferreira ◽  
Juan Manuel García Lara ◽  
Tiago Gonçalves
Keyword(s):  
United Kingdom ◽  
Balance Sheet ◽  
Accounting Conservatism ◽  
Good News ◽  
Accounting System ◽  
Accounting Standard ◽  
Book Value ◽  
Valuation Model ◽  
The United Kingdom ◽  
Accounting Standard Setting

This paper examines the existence of conservative practices in the Portuguese accounting system, and whether these conservative practices affect the comparability of financial information provided by companies. We particularly examine whether the book value figure can be understated due to conservative practices to protect creditors' interests (balance sheet conservatism) and whether accountants delay the recognition in earnings of good news, while they recognize immediately bad news (earnings conservatism). Using a Basu (1997) type reverse regression and a simple adaptation of the Ohlson (1995) valuation model, the paper gives evidence concerning the existence of both definitions of conservatism in Portuguese accounting practices. A sample of non-financial Portuguese, German and British companies was used. Our results also show the larger earnings conservatism of British firms relative to Portugal and Germany, and surprisingly, that Portugal is more BS (larger understatement of shareholders' equity) conservative than the United Kingdom. The results have implications for accounting standard setting and they can be useful for both the European Commission and the IASB since they provide some insight into the properties of accounting figures in Portugal.

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