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 …

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 …

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 …

Risk and uncertainty are inherent in the environment and functions of accounting. Accounting reports, systems, norms … descriptions of coping with risk and uncertainty yield different implications for accounting. Chambers was an articulate, forceful …, and celebrated proponent of market values, while Ijiri did the same for historical costs. Elements of accounting theory …

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 …

accounting and management. In Japan, the focus of accounting on helping management operate the firm efficiently has yielded great … economies. The single-minded focus of the IFRS, based on investor and security market orientation of U.S.-U.K. accounting does … financial reporting to IFRS can be seen in the weaknesses of the so-called fair value accounting and in accounting for business …

Accounting practices differ across geographic and political boundaries, across sectors of the economy within these … overview of the sources, consequences, and limits of these forces as they relate to accounting. …