Future tense and psychological distance

When a verb refers to the future, some languages require explicit marking of that fact. A recent paper presents evidence that companies in countries using those languages are slow in reporting that their goodwill has lost value. The paper suggests that this is because speakers of those languages perceive the future as psychologically more distant…… Continue reading Future tense and psychological distance

Unneeded plural for a document title

When I worked for the International Accounting Standards Board (IASB), we had an internal debate about the best way to create the plural form of the name for one type of document. The IASB publishes with each of its Standards a document called a ‘Basis for Conclusions’. This document explains conclusions the IASB reached in…… Continue reading Unneeded plural for a document title

Accounting is not a language

It has become a cliché to say that accounting is the language of business. That metaphor is helpful because it emphasises that accounting conveys vital information about business. But the metaphor can be unhelpful because, although accounting is a system for conveying information, accounting lacks most features of real human languages, such as Arabic, Chinese,…… Continue reading Accounting is not a language

The lower of one thing or the lower of 2 things?

Which conjunction do English speakers use with the comparative form of adjectives to describe a test applied to 2 nouns in order to select one of those nouns?  I have the impression that American English uses, for example, ‘the lower of A or B’ where British English uses ‘the lower of A and B’. I…… Continue reading The lower of one thing or the lower of 2 things?

Saying how likely something is

IFRS standards use too many different terms to describe how likely it is that an event will occur. That is a clear conclusion of KASB Research Report No. 39 / AASB Research Report No. 2 Accounting Judgements on Terms of Likelihood in IFRS: Korea and Australia, issued in 2016 by the Korea Accounting Standards Board…… Continue reading Saying how likely something is