ABSTRACT

Postponement of Current Cost Accounting (C.C.A.) for a year could be seen as evidence of a vacillating accounting profession. Alternatively, it could be evidence that the accounting profession must respond to the political and market pressures inherent in the nature of its policy choices and that it is the various political and market forces which are uncertain. A third explanation is that the practical issues in C.C.A. implementation are greater than the profession believed. Whichever way it is viewed, the postponement does provide an opportunity to canvass the issues more widely, and to that extent it is to be welcomed.