Foundations of Accounting: Exploring the Conceptual Framework and Theories

"Foundations of Accounting: Exploring the Conceptual Framework and Theories" is an authoritative guide to the bedrock principles and theories underpinning modern financial accounting and reporting. The article sheds light on the development of the conceptual framework, particularly post-the great financial crash, and its significance in shaping standards for financial accountability. It discusses the debate between principles versus rules-based approaches and the importance of information for decision-making within the decision-theory approach. For professionals and students of accounting, this analysis provides a deep dive into the fundamental postulates like the entity and going concern, alongside the objective of accounting in practice.

Luqman Nurhakim Follow

他的近期作品集 查看更多>>

Recent works View more works>>

• Foundations of Accounting: Exploring the Conceptual Framework and Theories

  "Foundations of Accounting: Exploring the Conceptual Framework and Theories" is an authoritative guide to the bedrock principles and theories underpinning modern financial accounting and reporting. The article sheds light on the development of the conceptual framework, particularly post-the great financial crash, and its significance in shaping standards for financial accountability. It discusses the debate between principles versus rules-based approaches and the importance of information for decision-making within the decision-theory approach. For professionals and students of accounting, this analysis provides a deep dive into the fundamental postulates like the entity and going concern, alongside the objective of accounting in practice.