A futurological justification for historical cost and multi-dimensional accounting

Abstract Futurology, interpreted as a forecast or, even better, as projections intended to influence the future, is applied to justify retention of historical costs in the context of proposed multidimensional accounting extensions for business, government and national goals accounting. Budgetary disclosures supported by opportunity costs and tradeoffs are also examined via multiple-objective models of goal programming varieties. Independent audit and attest is suggested not only for the mathematical model but also for managerial explanations of subsequent discrepancies from plans in each pertinent dimension.

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