A Rejoinder to Commentaries on ‘The Order of Teaching Accounting Topics-Why Do Most Textbooks End with the Beginning?’

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Acknowledgements

The author thanks the Commentators for taking the time and effort to write their stimulating reactions, Sander van Triest for his comments on an earlier version of the paper, participants at a Symposium during the BAA Annual Conference (April 2007, London) for suggestions, Richard M. S. Wilson for his stimulating role as Editor, and Jacques Theeuwes and Michael Corbey for many inspirational discussions on accounting, cash flows and teaching.

Notes

I realize that valuation is a much more nuanced topic than merely stating that it is determined by cash flows. See, for example, the recent paper by Plenborg (2002).