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Business
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Number of pages / Number of words: |
2 / 325 |
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The move toward principle-based rules sounds good, but from the perspective of writing accounting standards, the problem is that you get pressure from a number of constituencies to provide more guidance. That's how you end with all of these pages of exceptions," said Fender. She previously served on the staff of the Financial Accounting Standards Board for nine years...
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The move toward principle-based rules sounds good, but from the perspective of writing accounting standards, the problem is that you get pressure from a number of constituencies to provide more guidance. That's how you end with all of these pages of exceptions," said Fender. She previously served on the staff of the Financial Accounting Standards Board for nine years...
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General points of the essay
Accounting Principle
Accounting Standards
Choose A Current International Accounting Standard (Ias) Or International Financial Reporting Standard (Ifrs). Briefly Summarise Its Provisions And Assess Whether The Standard Can Be Considered To Be ‘Principles-Based’ Or ‘Rules-Based’, E...
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