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 The Psychology of Infancy (Psychology Revivals) by Ian Dennis
Cover of the book Chinese Nationalism in the Global Era by Ian Dennis
Cover of the book International Developments in Assuring Quality in Higher Education by Ian Dennis
Cover of the book Crime and Criminality by Ian Dennis
Cover of the book Management Skills in Social Care by Ian Dennis
Cover of the book Information Technology and Authentic Learning by Ian Dennis
Cover of the book A Theory of Public Opinion by Ian Dennis
Cover of the book The Singing of the Strasbourg Protestants, 1523-1541 by Ian Dennis
Cover of the book Seapower and Naval Warfare, 1650-1830 by Ian Dennis
Cover of the book At Home in School (1988) by Ian Dennis
Cover of the book Fifty Key Figures in Management by Ian Dennis
Cover of the book Orientalist Poetics by Ian Dennis
Cover of the book Treating Severe Depressive and Persecutory Anxiety States by Ian Dennis
Cover of the book Worlds of ScienceCraft by Ian Dennis
Cover of the book Magic(al) Realism 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