Multiple dimensions of accounting in the development of GAAP

The phrase ‘accepted accounting principles’ underlying financial statements is a forerunner of today’s accounting standards. Here, it is argued that history shows that the term ‘principles’ is often most vague in debates on the development of those standards. The reasons… Read moreMultiple dimensions of accounting in the development of GAAP

George R. Husband: Contributions to the development of accounting thought

George R. Husband, accounting educator, was a leader in research, service; teaching. His former students; admirers endowed a chair, three scholarships; an annual lecture series in his memory nearly forty years after his death in 1958. This article highlights his… Read moreGeorge R. Husband: Contributions to the development of accounting thought

Prospects: A missing piece of current selling price reporting

This article seeks to provide insights about a conceptual objection to current selling price reporting: that, in its determination of asset amounts, such reporting ignores the reporting entity’s prospects (potential, promise, outlook) for achievement of possession of or of access… Read moreProspects: A missing piece of current selling price reporting

Making management auditable: The implementation of best value in local government

This article examines the implementation of Best Value – an audit tool of the U.K. government’s modernization policy – in local government, specifically in Scotland. This is a study of the impact of this key concept, primarily on the management… Read moreMaking management auditable: The implementation of best value in local government

Corporate transparency, financial development; the allocation of capital: Empirical evidence

There is controversy regarding the role of financial development in promoting economic growth. Lucas (1988) suggests that the role of financial intermediation in economic growth has been very badly over-stressed in the popular; professional discussion. Levine et al. (2000), on… Read moreCorporate transparency, financial development; the allocation of capital: Empirical evidence

Fair value; the IASB/FASB conceptual framework project: An alternative view

This paper analyses various controversial issues arising from the current project of the IASB; FASB to develop a joint conceptual framework for financial reporting standards. It discusses their possible implications for measurement;, in particular, for the use of fair value… Read moreFair value; the IASB/FASB conceptual framework project: An alternative view