Accounting standards – a new era
- 1 March 2003
- journal article
- Published by Emerald Publishing in Balance Sheet
- Vol. 11 (1) , 9-20
- https://doi.org/10.1108/09657960310467836
Abstract
The author analyses the recent history of financial reporting and shows that its complexities are inevitable. He sets out the basis for a fair value model stemming from a conceptual framework and argues that if financial reporting rules are to be correctly drawn from such a framework the resulting reports will be complex and require well‐trained professional analysis to both understand them and to explain them.Keywords
This publication has 0 references indexed in Scilit: