In Unshackling Accountants , Professor D R Myddelton of Cranfield School of Management looks at the history of and the arguments for and against detailed accounting standards. Myddelton concludes that, while there may be a case for the accounting profession to develop voluntary guidelines, the...

The objective of this study is to examine the level of rules-based characteristics in the national accounting standards in the periods prior to and after the IFRS convergence and determine whether national accounting standards are moving towards relatively more principles-based following the...

Accounting is simply the language of business; like any other field of knowledge, it has its own rules, regulations, and standards, which differ from region to region, country to country, and economy to economy. Having single, universal standards is the dream of many accounting practitioners,...