Hines 1988 vs. Hines 2006

Hines 1988 vs. Hines 2006

  • Submitted By: ki97
  • Date Submitted: 10/18/2009 11:41 PM
  • Category: Miscellaneous
  • Words: 999
  • Page: 4
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Hines 1988 vs. Hines 2006

In today's world people are communicating between each other same as many years ago however the way of communicating is totally different even explaining the same thing will be really different than is was 18 years back. In order to study this particular topic let us have a look at Hines accounting studies in year 1988 versus Hoggett year 2006.


What do we mean by organization today? It is a team that works together in order to achieve a goal. According to Hogget "organization … a group of people who share common goals with a well-defined division of labour." These explanations of organization are very similar to each other unlike an explanation of Hines 1988 that is completely different in the way of explaining. As Hines has mentioned in his article "Financial accounting: in common reality we construct reality" that a river that runs through valley and the area enclosed as well as trees outside the fence and all around as far as eye can see is a part of organization. What is actually quiet strange for us today.


Two assumption was covered it studies of Hines and Hoggett. Accrual Basis and Cash Basis assumptions. Under an accrual basis assumption we recognize effects of transactions in the accounting records at the point when "they occur, rather then when cash or its equivalent is received or paid". Cash basis is opposite of accrual basis we recognize effect at the time when cash or its equivalent is received or paid.

The two basis that has been defined above explains the concept clear enough. In comparison to Hoggett's explanations we will move on to the Hines studies of financial accounting.

According to Hogget's article "Financial accounting: in communicating reality we construct reality" accrual and cash basis are about the point of realization or real-ization. We recognize the reality of something, when something becomes real.

"We recognize revenue and gains when they are realized. We...

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