Setting Standards For Financial Reporting

Author : A. Bowdoin Van Riper
Publisher : Bloomsbury Publishing USA
Page : 214 pages
File Size : 49,6 Mb
Release : 1994-07-21
Category : Business & Economics
ISBN : 9780313008573

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Setting Standards for Financial Reporting by A. Bowdoin Van Riper Pdf

The book begins with an overview of how and why the present self-regulatory arrangement for setting standards for financial reporting in the private sector came about in 1973. A brief description of the new structure is followed by a discussion of the essential elements of meaningful self-regulation. A schism emerged between advocates of neutrality and objectivity in standard setting and those who think the primary concern should be for possible economic and social consequences. Early clashes between traditional views and newer insights are described, setting the stage for an account of serious resistance to change. Powerful interests mount determined efforts to thwart the standard setters, undercutting not only self-regulation, but also the intent of the federal securities acts of 1933 and 1934. The practical and philosophical bases for the opposing views are examined, and recommendations are presented for ensuring continuation of private-sector standard setting despite the intensity of these views.

Author : Robert Van Riper
Publisher : Praeger
Page : 0 pages
File Size : 44,7 Mb
Release : 1994-07-21
Category : Business & Economics
ISBN : 9780899309071

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Setting Standards for Financial Reporting by Robert Van Riper Pdf

The book begins with an overview of how and why the present self-regulatory arrangement for setting standards for financial reporting in the private sector came about in 1973. A brief description of the new structure is followed by a discussion of the essential elements of meaningful self-regulation. A schism emerged between advocates of neutrality and objectivity in standard setting and those who think the primary concern should be for possible economic and social consequences. Early clashes between traditional views and newer insights are described, setting the stage for an account of serious resistance to change. Powerful interests mount determined efforts to thwart the standard setters, undercutting not only self-regulation, but also the intent of the federal securities acts of 1933 and 1934. The practical and philosophical bases for the opposing views are examined, and recommendations are presented for ensuring continuation of private-sector standard setting despite the intensity of these views.

Author : Roger Hussey,Audra Ong
Publisher : John Wiley & Sons
Page : 398 pages
File Size : 43,7 Mb
Release : 2005-04-22
Category : Business & Economics
ISBN : 9780471727156

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International Financial Reporting Standards Desk Reference by Roger Hussey,Audra Ong Pdf

"This book is written by authors who clearly understand the challenges facing all who seek to understand and apply international standards. I recommend it to you." —From the Foreword by Sir David Tweedie Chair of the International Accounting Standards Board In this defining resource, authors Roger Hussey and Audra Ong have compiled everything accountants, executives, and organizations in different countries need to reach agreement on accounting rules and standards. International Financial Reporting Standards Desk Reference includes a background on how the movement toward a common language for international accounting evolved to its present state, summarizes existing standards highlighting the key issues covered, and captures those terms and phrases that are fundamental to an understanding of the common language of global business. Written to help readers fully comprehend this global language, International Financial Reporting Standards Desk Reference includes: An overview of the International Accounting Standards (IAS) and Inter-national Financial Reporting Standards (IFRS) and their impact A dictionary of words and phrases used in the international business world, with a strong emphasis on terms used by the International Accounting Standards Board History of the International Accounting Standards Board: how it was formed, its structure, and the way it operates Insights on future trends of the International Accounting Standards Board

Author : Mary E. Barth
Publisher : Now Publishers Inc
Page : 109 pages
File Size : 51,5 Mb
Release : 2007
Category : Business & Economics
ISBN : 9781601980083

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Research, Standard Setting, and Global Financial Reporting by Mary E. Barth Pdf

Research, Standard Setting, and Global Financial Reporting aids researchers in conducting research relevant to global financial reporting issues, particularly those of interest to financial reporting standard setters. Research, Standard Setting, and Global Financial Reporting describes the relation between research and standard-setting issues; explains how a variety of research designs can be used to address questions motivated by standard-setting issues, including valuation research and event studies; offers examples of research addressing a specific global standard-setting issue - use of fair value in measuring accounting amounts; offers further opportunities for future research on specific standard-setting topics by providing motivating questions relating to the major topics on the agendas of the FASB and IASB; explains how the IASB aims to achieve its mission of developing a single set of high quality accounting standards that are accepted worldwide; summarizes extant evidence on the relative quality of accounting amounts across global standard-setting regimes and whether global financial reporting is achievable or even desirable. Research, Standard Setting, and Global Financial Reporting examines opportunities for future research on issues related to globalization of financial reporting by identifying motivating questions that are potentially avenues for future research.

Author : Barry J. Epstein,Eva K. Jermakowicz
Publisher : John Wiley & Sons
Page : 1345 pages
File Size : 55,7 Mb
Release : 2010-02-05
Category : Study Aids
ISBN : 9780470453223

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WILEY Interpretation and Application of International Financial Reporting Standards 2010 by Barry J. Epstein,Eva K. Jermakowicz Pdf

Your one-stop resource for understanding current International Financial Reporting Standards With widespread acceptance and use of the IASB standards around the globe, the need to understand the IASB standards greatly increases. Wiley IFRS 2010 provides the necessary tools for understanding the IASB standards and offers practical guidance and expertise on how to use and implement them. The Wiley IFRS 2010 Book and CD-ROM set covers the most recent International Financial Reporting Standards (IFRS) and IFRIC interpretations. In addition, it is an indispensable guide to IFRS compliance. Detailed coverage of all previously issued IAS and IFRS standards and Standing Interpretations Committee (SIC) and International Financial Reporting Interpretations Committee (IFRIC) Equally valuable for preparers, auditors, and users of financial reports Provides a complete explanation of all IFRS requirements, coupled with copious illustrations of how to apply the rules in complex, real-world fact situations Serves as a reference guide during actual implementation of IFRS and preparation of IFRS-based financial statements To optimize your understanding, both examples created to explain particular IFRS requirements and selections from actual published financial statements are provided throughout the book, illustrating all key concepts.

Author : Sanjoy Basu,J. Alex Milburn
Publisher : The Foundation
Page : 454 pages
File Size : 42,9 Mb
Release : 1982
Category : Accounting
ISBN : UOM:35128000882066

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Research to Support Standard Setting in Financial Accounting by Sanjoy Basu,J. Alex Milburn Pdf

Author : Kees Camfferman,Stephen A. Zeff
Publisher : Oxford University Press, USA
Page : 689 pages
File Size : 45,8 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780199646319

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Aiming for Global Accounting Standards by Kees Camfferman,Stephen A. Zeff Pdf

The International Accounting Standards Board (IASB) and its International Financial Reporting Standards (IFRSs), have acquired a central position in the practice and regulation of financial reporting around the world. As a unique instance of a private-sector body setting standards with legal force in many jurisdictions, the IASB's rise to prominence has been accompanied by vivid political debates about its governance and accountability. Similarly, the IASB's often innovative attempts to change the face of financial reporting have made it the centre of numerous controversies. This book traces the history of the IASB from its foundation as successor to the International Accounting Standards Committee (IASC), and discusses its operation, changing membership and leadership, the development of its standards, and their reception in jurisdictions around the world. The book gives particular attention to the IASB's relationships with the European Union, the United States, and Japan, as well as to the impact of the financial crisis on the IASB's work. By its in-depth coverage of the history of the IASB, the book provides essential background information that will enrich the perspective of everyone who has to deal with IFRSs or the IASB at a technical or policy-making level.

Author : George J. Benston,Michael Bromwich,Robert E. Litan,Alfred Wagenhofer
Publisher : Oxford University Press
Page : 336 pages
File Size : 42,9 Mb
Release : 2006-04-13
Category : Business & Economics
ISBN : 0198041691

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Worldwide Financial Reporting by George J. Benston,Michael Bromwich,Robert E. Litan,Alfred Wagenhofer Pdf

International accounting standards tend to converge, as do auditing, enforcement and corporate governance, whereas trading of equity shares remains essentially national. The book provides a thorough analysis of what information investors really need, how financial accounting systems developed and their current requirements in major commercial countries, and examines current issues, particularly the benefits and costs a single or multiple accounting standards, the bases for accounting standards, and limitations to accounting disclosure in financial statements.

Author : Christopher Patel,Parmod Chand
Publisher : Emerald Group Publishing
Page : 177 pages
File Size : 55,6 Mb
Release : 2011-12-15
Category : Business & Economics
ISBN : 9781780524429

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Achieving Global Convergence of Financial Reporting Standards by Christopher Patel,Parmod Chand Pdf

This research monograph examines whether International Financial Reporting Standards (IFRS) are interpreted and applied in a consistent manner within and across countries, and questions the implicit assumption that accounting convergence will automatically lead to comparability in financial reporting.

Author : Sebastian Botzem
Publisher : Edward Elgar Publishing
Page : 233 pages
File Size : 50,9 Mb
Release : 2012-01-01
Category : Law
ISBN : 9781781001066

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The Politics of Accounting Regulation by Sebastian Botzem Pdf

'How and why do transnational regulatory bodies emerge? How do they acquire the authority and confidence to be actors in their own right? These questions preoccupy scholars in many disciplines and Sebastian Botzem's The Politics of Accounting Regulation makes an important contribution to the debates. Focusing on the case of the International Accounting Standards Board over a critical period of its development including the financial crisis Botzem addresses its evolution as an organization which produces accounting standards and whose efforts to be outside politics are inevitably and irredeemably political in nature. This book is essential reading for sociologists, political scientists, accountants and anyone else interested in the organization of global governance.' Michael Power, London School of Economics, UK The financial crisis underlines the relevance of accounting standards as much more than instrumental rules for corporate reporting. This important book outlines the accounting standards that embody societal and professional values and contribute to the distribution of financial benefits that put international harmonization of standards into the limelight. Sebastian Botzem reveals that international standards have emerged after decades of contest and political bargaining which resulted in closely aligned standards, voluntary consultation procedures and a network structure comprising actors mainly stemming from global auditing firms, regulators and international organizations.

Author : Panagiotis Papadopoulos
Publisher : GRIN Verlag
Page : 37 pages
File Size : 52,9 Mb
Release : 2011-12
Category : Business & Economics
ISBN : 9783656064770

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Approaches and Theories to Standard Setting in Accounting by Panagiotis Papadopoulos Pdf

Essay from the year 2011 in the subject Business economics - Accounting and Taxes, grade: 64, University of Westminster (Westminster Business School), course: Financial Accounting and Policy, language: English, abstract: Since the financial crisis in 2008 the topic regulation of the markets at all revived. The world was looking for guilty parties in Rating agencies, financial institutions, governments and lastly audit firms and institutions which gave them their working framework - the accounting standards. On the one hand the scream for more regulation in the private sector to protect the public good became louder and on the other hand scientists were warning of such overbearing steps because they would be damaging the economy. This issue provides the basis for this paper where accounting is seen as an eco-nomic good. Accounting information is not costless to produce for the corporations and it raises compliance costs. On the one hand managers are using accounting rules that minimize information costs and on the other hand shareholders want ac-counting rules that improve their ability to control and monitor the manager's action. Theoretically, financial accounting and reporting should be objective, neutral and apolitical. However, the standard setting process can be influenced by external groups with different interests.

Author : FOLORUNSHO MEJABI
Publisher : Lulu.com
Page : 123 pages
File Size : 51,6 Mb
Release : 2024-05-18
Category : Electronic
ISBN : 9781329675933

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INTERNATIONAL FINANCIAL REPORTING STANDARDS IN Q & A by FOLORUNSHO MEJABI Pdf

Author : Robert Herz
Publisher : Emerald Group Publishing
Page : 464 pages
File Size : 40,5 Mb
Release : 2016-09-12
Category : Business & Economics
ISBN : 9781786356291

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More Accounting Changes by Robert Herz Pdf

This volume, More Accounting Changes, is a revised and updated edition of Herz’s earlier work, reflecting: developments in financial reporting; global developments regarding the use of International Financial Reporting Standards; current efforts at disclosure modernization and simplification by the SEC and FASB; and more developments in the field.

Author : Canadian Institute of Chartered Accountants
Publisher : Unknown
Page : 128 pages
File Size : 53,8 Mb
Release : 2010-04
Category : Accounting
ISBN : 155385487X

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CICA Handbook by Canadian Institute of Chartered Accountants Pdf

Author : Jayne Maree Godfrey,Keryn Chalmers
Publisher : Edward Elgar Publishing
Page : 344 pages
File Size : 41,5 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 1782542701

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Globalisation of Accounting Standards by Jayne Maree Godfrey,Keryn Chalmers Pdf

In this book, Jayne Godfrey and Keryn Chalmers explore the intricacies of the globalisation of accounting standards - arguably one of the most significant business developments of the wider globalisation process during the past two decades. They examine the key issues and implications of this harmonization of accounting standards from the perspectives of a diverse range of worldwide stakeholders. "Globalisation of Accounting Standards" shows that globalisation approaches differ significantly because countries seek to maintain varying degrees of sovereignty over their regulations. International differences in economic, political, legal, religious and social characteristics also affect globalisation approaches and, in turn, influence national accounting standard-setting agendas. The book explores why countries relinquish their existing national accounting standard-setting regimes to join the global movement. It also seeks to resolve questions such as: To what extent are national incentives altruistic, economic, political or social? Who are the winners and losers in the process? This authoritative book is thoroughly researched and expertly informed. Written by both academics and regulators, it tackles a critical and controversial issue in the globalisation movement. As such, it will be of great interest to a wide-ranging audience including: international, national, private and public sector standard-setters, economic regulators, accounting academics and political economists and strategists.