The FASB's Conceptual Framework Project and Bank Financial Accounting and Reporting
Author: Peat, Marwick, Mitchell & Co
Publisher:
Published: 1978
Total Pages: 240
ISBN-13:
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Author: Peat, Marwick, Mitchell & Co
Publisher:
Published: 1978
Total Pages: 240
ISBN-13:
DOWNLOAD EBOOKAuthor: Pelham Gore
Publisher: Manchester University Press
Published: 1992
Total Pages: 216
ISBN-13: 9780719036330
DOWNLOAD EBOOKThis work investigates why the Financial Accounting Standards Board's Conceptual Framework Project (1973-1985), which sought to set down financial reporting standards for accounting, attracted so much criticism. The author suggests that a CF is expected to bear too heavy a load, but that it cannot furnish the answer to all financial accounting ills. He believes that the best contribution that a CF can offer is that it can provide a focus to the debate that leads to a new financial reporting standard.
Author: Richard Macve
Publisher: Routledge
Published: 2015-12-22
Total Pages: 280
ISBN-13: 1317842774
DOWNLOAD EBOOKFirst published in 1997. This volume is a collection of studies that look at the ‘conceptual framework’ undertaken initially for the UK’s Accounting Standards Committee (‘ASC’), and to consider how far the views expressed in them have stood the test of time as standard setters around the world have followed in the FASB’s footsteps.
Author: Michael Chye
Publisher:
Published: 1981
Total Pages: 30
ISBN-13:
DOWNLOAD EBOOKAuthor: George J. Benston
Publisher:
Published: 2013
Total Pages:
ISBN-13:
DOWNLOAD EBOOKThis paper addresses the issues that confront the FASB and IASB in developing a new conceptual framework document. First, we suggest characteristics that a conceptual framework ought to exhibit. Most of these suggestions are based on our critique of the existing framework and the FASB-IASB work in progress. Second, we present a model framework that exhibits these characteristics. We emphasize up front that this framework is quite explicit. It goes to the heart of what a framework document should do: it places specific restrictions on what constitutes admissible accounting standards. The purpose of our effort is to stimulate broad discussion of alternative approaches to foundational documents and to offer a specific example of such an alternative approach.
Author: Paul B. W. Miller
Publisher: Irwin Professional Publishing
Published: 1986
Total Pages: 172
ISBN-13:
DOWNLOAD EBOOKAuthor: Financial Accounting Standards Board
Publisher:
Published: 2002
Total Pages: 338
ISBN-13:
DOWNLOAD EBOOKAuthor: Wm. Dennis Huber
Publisher:
Published: 2018
Total Pages: 16
ISBN-13:
DOWNLOAD EBOOKIt has been shown that protecting and serving the public interest in public accounting is a myth. It has also recently been demonstrated that protecting and serving the public interest by the Securities and Exchange Commission is not the primary, or even secondary, mission of the SEC. Finally, it has been proven that is not the mission of the FASB to serve the public interest. Recently, the FASB has revised its “Conceptual Framework.” The FASB's Conceptual Framework is “intended to serve the public interest by providing structure and direction to financial accounting and reporting to facilitate the provision of unbiased financial and related information [which] helps capital and other markets to function efficiently in allocating scarce resources in the economy and society” (emphasis added) However, since it is not the mission of either the FAF (Financial Accounting Foundation, the parent of the FASB), or the FASB to serve the public interest, whether the FASB's Conceptual Framework can serve the public interest as intended, or whether the Conceptual Framework is incompatible with the public interest is questionable.This paper explores the question of whether the Conceptual Framework is compatible with the public interest. The question is important to consider because if the Conceptual Framework cannot serve the public interest as intended, then it may be necessary to revise the Conceptual Framework in order to achieve its intended purpose of serving the public interest.This is the working paper version.
Author: Ruth D. Hines
Publisher:
Published: 1991
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Gary John Previts
Publisher:
Published: 1991
Total Pages: 96
ISBN-13:
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