A Renewed Interest on the Fundamentals of Accounting: The Impact of the Matching ‘Principle’ on Earning Attributes

By adopting a ‘revenue/expense’ model, the matching principle has traditionally played a fundamental role in determining earnings. However, since the 1970s, standard setters have chosen to move to an ‘asset/liability’ approach to determine income. Some authors argue that these changes in accounting standards have caused a decline in the matching process, exercising a negative impact on the quality of earnings. A contrasting view, however, is that changes in the economic activity have caused the decline in matching. Moreover, according to Barth, there is no ‘matching principle’. Indeed, the matching process often leads to the recognition of assets/liabilities of questionable substance and, therefore, cannot be considered an end in itself. The purpose of this chapter is to perform an extensive and systematic literature review on the determinants and consequences of the matching process, examining a topic of major concern for standard setters

Geomorphology of Naples and the Campi Flegrei: human and natural landscapes in a restless land

Naples and its surroundings are a very young landscape, originated from 40 ka in response to strong and explosive volcanic processes, which created the Campi Flegrei, one of the largest volcanic fields of the world. Despite the repeated and continuous volcanic activity, this territory was selected for human settlements since Neolithic times and hosted some of the most important Greek and Roman towns in the Mediterranean area (e.g., Cuma, Parthenope, Neapolis, Baia and Puteoli). Geoarcheological data and historical chronicles testify to human coexistence with eruptions, bradyseismic ground motions, coastline changes, floods and landslides. With the aim of describing the geomorphological evolution of this area to a wide audience, including also non-experts, we constructed a synthetic geomorphological map of the area and sketches that synthesise the main stages of the geomorphological evolution of the historical centre of Naples and the coastal belt of the Gulf of Pozzuoli during the last millennia