The Nature of Accounting Regulation

Business & Finance, Accounting, Auditing, Financial, Business Reference, Business Ethics
Cover of the book The Nature of Accounting Regulation by Ian Dennis, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ian Dennis ISBN: 9781134451524
Publisher: Taylor and Francis Publication: October 15, 2013
Imprint: Routledge Language: English
Author: Ian Dennis
ISBN: 9781134451524
Publisher: Taylor and Francis
Publication: October 15, 2013
Imprint: Routledge
Language: English

Accounting standards are an essential element in the regulation of current financial reporting. Standard setters promulgate such standards, and companies and professional accountants follow them in preparing financial reports. Although much has been written about the history of standard setting, the conceptual underpinnings of accounting standards, the process of setting them, and whether such standards should be ‘rules-based’ or ‘principles-based,’ there has been little written about the kind of thing they are. This book examines the nature of accounting standards and the very idea of a rule, of implementation guidance, and of the objectives that are included in them. It enables the reader to grasp the reasons for promulgating standards, the role of the conceptual framework in setting standards in an institutional context, and the kind of rules that are useful in regulating financial reporting. The insights provided by this examination are used to throw light on the distinction between ‘principles-based’ and ‘rules-based’ standards and on the nature of ‘good’ accounting standards.'

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Accounting standards are an essential element in the regulation of current financial reporting. Standard setters promulgate such standards, and companies and professional accountants follow them in preparing financial reports. Although much has been written about the history of standard setting, the conceptual underpinnings of accounting standards, the process of setting them, and whether such standards should be ‘rules-based’ or ‘principles-based,’ there has been little written about the kind of thing they are. This book examines the nature of accounting standards and the very idea of a rule, of implementation guidance, and of the objectives that are included in them. It enables the reader to grasp the reasons for promulgating standards, the role of the conceptual framework in setting standards in an institutional context, and the kind of rules that are useful in regulating financial reporting. The insights provided by this examination are used to throw light on the distinction between ‘principles-based’ and ‘rules-based’ standards and on the nature of ‘good’ accounting standards.'

More books from Taylor and Francis

Cover of the book War, Women and Children in Ancient Rome (Routledge Revivals) by Ian Dennis
Cover of the book Communitarian International Relations by Ian Dennis
Cover of the book Ayer-Arg Philosophers by Ian Dennis
Cover of the book Problem-Solving Parent Conferences in Schools by Ian Dennis
Cover of the book Fire in the Minds of Men by Ian Dennis
Cover of the book Spatial Citizenship Education by Ian Dennis
Cover of the book Myth of Universal Human Rights by Ian Dennis
Cover of the book An Introduction to Substructural Logics by Ian Dennis
Cover of the book Mental Health and Emerging Adulthood among Homeless Young People by Ian Dennis
Cover of the book Philosophy in the Roman Empire by Ian Dennis
Cover of the book The Changing Face of European Conscription by Ian Dennis
Cover of the book Architectural Conservation and Restoration in Norway and Russia by Ian Dennis
Cover of the book Michael Morpurgo by Ian Dennis
Cover of the book Vocationalism in Further and Higher Education by Ian Dennis
Cover of the book Foucault And Political Reason by Ian Dennis
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy