IDEAS home Printed from https://ideas.repec.org/a/taf/acbsfi/v11y2001i2p225-251.html
   My bibliography  Save this article

Accounting issues and the measurement of profits - English banks 1920-68

Author

Listed:
  • Forrest Capie
  • Mark Billings

Abstract

It is well known that banks in England did not publish their 'true' profits until 1969. This article discusses the problems encountered in establishing the banks' 'true' profits and capital for earlier periods from their published accounts and unpublished archival sources. Definitions of profits and capital are considered and the methods used by the authors elsewhere in the calculation of true profits, capital, and rates of return are described. A number of areas causing particular difficulty are identified and discussed in detail. The accounting practices followed by the banks are compared to more generally-used financial accounting practices.

Suggested Citation

  • Forrest Capie & Mark Billings, 2001. "Accounting issues and the measurement of profits - English banks 1920-68," Accounting History Review, Taylor & Francis Journals, vol. 11(2), pages 225-251.
    • Handle: RePEc:taf:acbsfi:v:11:y:2001:i:2:p:225-251
    DOI: 10.1080/713757313
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/713757313
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/713757313?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Billings, Mark & Capie, Forrest, 2009. "Transparency and financial reporting in mid-20th century British banking," Accounting forum, Elsevier, vol. 33(1), pages 38-53.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:acbsfi:v:11:y:2001:i:2:p:225-251. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RABF21 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.