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The Accounting Equation Inequality: A Set Theory Approach

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dc.creatorJuárez, Fernando
dc.date.accessioned2020-08-19T14:40:50Z
dc.date.available2020-08-19T14:40:50Z
dc.date.created2015-01-01spa
dc.description.abstractThe basics of financial accounting in the balance sheet and the accounting equation are revisited from the viewpoint of axiomatic set theory and predicate logic. The conceptual distinction between assets and claims on the assets are pointed out; next, it follows an application of the axioms of the theory. By a combination of axioms, this application leads to obtain two sets of capital units, which contains assets and claims (Liabilities plus Owners’ Equity) on the assets, respectively. These sets are properly built, according to the use of the axioms; they contain all the lowest level items of the financial statements that still have financial meaning in the balance sheet. An analysis of the equality between these sets was applied to test the equality of the assets to the union of liabilities and equity. The analysis determined that these sets were not equal and as a conclusion assets are not equal to liabilities plus equity. This inequality is interpreted within the restrictions of the application of the set theory to financial data and algebraic sum. Nevertheless, the particular case where the accounting equation holds is described; however, this case has no financial meaningeng
dc.format.mimetypeapplication/pdf
dc.identifier.issnISSN: 1931-0277
dc.identifier.urihttps://repository.urosario.edu.co/handle/10336/27042
dc.language.isoengspa
dc.publisherThe Institute for Business and Finance Researchspa
dc.relation.citationEndPage104
dc.relation.citationIssueNo. 3
dc.relation.citationStartPage97
dc.relation.citationTitleGlobal Journal Of Business Research
dc.relation.citationVolumeVol. 9
dc.relation.ispartofGlobal Journal Of Business Research, ISSN:1931-0277, Vol.9, No.3 (2015); pp. 97-104spa
dc.relation.urihttps://www.theibfr.com/download/gjbr/2015_gjbr/gjbr-v9n3-2015/GJBR-V9N3-2015-9.pdfspa
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto Completo)spa
dc.sourceGlobal Journal Of Business Researchspa
dc.source.instnameinstname:Universidad del Rosario
dc.source.reponamereponame:Repositorio Institucional EdocUR
dc.subject.keywordCorporate Financesspa
dc.subject.keywordFinancial Accountingspa
dc.subject.keywordBalance Sheetspa
dc.subject.keywordAccounting Equationspa
dc.subject.keywordSetTheoryspa
dc.titleThe Accounting Equation Inequality: A Set Theory Approachspa
dc.title.TranslatedTitleLa desigualdad de la ecuación contable: un enfoque de teoría de conjuntosspa
dc.typearticleeng
dc.type.hasVersioninfo:eu-repo/semantics/publishedVersion
dc.type.spaArtículospa
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