A broad consensus in accounting favors principles over rules to guide creation of a uniform high quality set of … comparative studies of the consequences of using alternative methods of accounting, promote substitution of analysis and thinking … by rote learning in accounting classes, help discourage talented youth from collegiate programs in accounting, and …

A broad consensus in accounting favors principles over rules to guide creation of a uniform high-quality set of … comparative studies of the consequences of using alternative methods of accounting, promote substitution of analysis and thinking … by rote learning in accounting classes, help discourage talented youth from collegiate programs in accounting, and …

Standard setters have sought a conceptual framework to guide development of a consistent set of accounting standards … to justify a wide range of actual accounting standards. Second, all accounting issues are viewed as being conceptual … standard setting bodies. Associated with each conceptual issue is an accounting duality; in some cases one side (e.g., stocks …

principles based accounting standards such as IFRS are likely to be realized only if auditors are also principles based. Third ….This comment was developed by the Financial Accounting Standards Committee of the American Accounting Association and does not … represent an official position of the American Accounting Association …

. Accounting researchers have attempted to assess the quality of IFRS using different methods and criteria. While we are skeptical …

Financial accounting standards are set by organizations granted a significant degree of monopoly power by various … accounting standards. We compare the standard setting processes of the FASB/IASB to the processes of four technology …. Both telephony and accounting yield some gains from coordination, and similar arguments are used (under the labels of …

This paper discusses arguments for and against introducing competition into the accounting standard-setting process in … leadership in making accounting rules; (2) the increased risk of a "race to the bottom" under regulatory competition; (3) the … inability of most users of financial reports to understand the complex technical issues underlying accounting standards; (4) the …

In seeking to replace accounting ‘conventions' by ‘concepts' in the pursuit of principles-based standards, the FASB … welcome the use of theories by accounting standard setters and practitioners, if theories are considered in their entirety … and standards. Our conclusions about how accounting concepts and conventions should be related differ from those of the …