Natural business year: A review of accounting literature from 1915 through 1988 shows a shift of proactive to reactive behavior by accountants

Authors

Richard G.J. Vangermeersch
Mark Higgins

Publication Date

Spring 1990

Abstract

The Tax Reform Act of 1986 brought back the topic of the Natural Business Year in a shocking manner to accountants. The hard work of over seventy years was lost, as individuals and partnerships effectively lost the Natural Business Year alternative. This paper traces the proactive accounting development of the Natural Business Year concept to the reactive mode of the last three decades.

Recommended Citation

Vangermeersch, Richard G.J. and Higgins, Mark (1990) "Natural business year: A review of accounting literature from 1915 through 1988 shows a shift of proactive to reactive behavior by accountants," Accounting Historians Notebook: Vol. 13: No. 1, Article 29.
Available at: https://egrove.olemiss.edu/aah_notebook/vol13/iss1/29