Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.14/97901
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- Title
- Can global standards be principle based?
- Related
- Journal of applied research in accounting and finance, Vol. 2, Issue 1 (2007), p.3-8
- Related
- http://www.mgsm.edu.au/wps/wcm/connect/Internet/Root/research/publications/journals/jaraf/2007jul/
- Publisher
- Macquarie Graduate School of Management
- Date
- 2007
- Author/Creator
- Tweedie, David
- Description
- This paper examines issues pertaining to standard setting in an increasingly interconnected world. It is argued that many present day accounting standards are flawed, generally because of inherent compromises welded into their structure, yielding needless complexity and sometimes absurd results. Using examples drawn from contemporary practice, including pension accounting, financial instruments and lease accounting, an argument for a move towards more simplified, principles based accounting is made. Some of the potential gains from such a project are discussed, as well as potential barriers and how these might be avoided in the quest for better accounting.
- Description
- 6 page(s)
- Resource Type
- Journal Of Applied Research In Accounting And Finance Collection
- Resource Type
- journal article
- Organisation
- Macquarie University. Macquarie Graduate School of Management
- Identifier
- http://hdl.handle.net/1959.14/97901
- Identifier
- ISSN:1834-2590
- Identifier
- mq-20101027-145622
- Language
- eng
- Rights
- Publisher version archived with the permission of the publisher Macquarie Graduate School of Management, Macquarie University, NSW, Australia. This archived copy is available for individual, non-commercial use. Permission to use this version for other uses must be obtained from the publisher.
- Full Text
- Reviewed
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