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Full-Text Articles in Business
Biblical Basis Of Forty-Year Goodwill Amortization, Hugo Nurnberg
Biblical Basis Of Forty-Year Goodwill Amortization, Hugo Nurnberg
Accounting Historians Journal
Current U.S. GAAP mandates amortizing goodwill over no more than 40 years. Although many commentators suggest that 40 years is an arbitrary time span, there is a Biblical basis for 40-year amortization. The Bible refers to 40 years as the life of a generation. Since amortizing goodwill over no more than 40 years corresponds to amortizing it over no more than one generation of talented employees or customers, the process is not completely arbitrary.
Thus Spake The Rabbis -- The First Income Tax?, Harvey Mann
Thus Spake The Rabbis -- The First Income Tax?, Harvey Mann
Accounting Historians Journal
A passage from the Talmud concerning income tax policy is examined. The attempt is then made to apply the policy to a hypothetical situation and to see whether the policy is relevant to the modern era.
Tithing And Income Measurement, J. Edward Ketz
Tithing And Income Measurement, J. Edward Ketz
Accounting Historians Journal
This article shows that the concept of income measurement goes back at least to Biblical times. The institution of tithing is examined and is seen to imply a concept of income.
Internal Controls In The Talmud: The Jersusalem Temple, Robert Fonfeder, Mark P. Holtzman, Eugene Maccarrone
Internal Controls In The Talmud: The Jersusalem Temple, Robert Fonfeder, Mark P. Holtzman, Eugene Maccarrone
Accounting Historians Journal
We examine the Hebrew Talmud's account of internal controls in the ancient Jerusalem Temple (c.823 B.C.E. to 70 C.E.) This far-reaching enterprise involved an extensive system of sacrificial offerings, management of three annual pilgrimages, a court system and maintenance of a priestly class. We outline the annual process of collecting half-shekel and other donations, withdrawals from the Temple treasury and the sale of libations. The Talmud describes numerous internal controls: donations were segregated according to their specific purposes and donation chests were shaped with small openings to prevent theft. When making withdrawals from the Temple treasury, the priest-treasurer was required …
Note On The First Recorded Audit In The Bible, Harry Zvi Davis
Note On The First Recorded Audit In The Bible, Harry Zvi Davis
Accounting Historians Journal
According to an early commentary on the Bible, Joseph is the first auditor of accounting records in the Bible.