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accounting concepts
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accounting concepts The basic theoretical ideas devised to support the activity of accounting. As accounting developed largely from a practical base, it has been argued that it lacks a theoretical framework. Accountants have therefore tried to develop such a framework; although various concepts have been suggested, few have found universal agreement. However, four are deemed to be important (see
STATEMENT OF STANDARD ACCOUNTIN...
Related newspaper, magazine, and journal articles from HighBeam Research
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Motivation in the First Accounting Course
The CPA Journal
; In any undergraduate business curriculum, the first accounting course has several purposes. Most important, it introduces potential business and accounting majors to a new body of knowledge. The first course is also a recruiting tool for the accounting profession. Because the first course is
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William Thomas Stevens on: Doing business in the Eastern Bloc: conceptual differences in accounting principles - the language of business.
Review of Business
; WILLIAM THOMAS STEVENS ON: Doing Business in the Eastern Bloc: Conceptual Differences in Accounting Principles - The Language of Business Each nation tends to have its own approach to economic operations and to the accounting language used to describe them and investors need to be aware of the
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New standard for local government
Australian Accountant
; The Public Sector Accounting Standards Board (PSASB) has amended Australian Accounting Standard AAS 27 "Financial Reporting by Local Governments". The amended standard applies to reporting periods ending on or after 30 June 1996. It is primarily the result of a limited review to address a number of
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The Framework of Financial Accounting Concepts and Standards: Special report
The Government Accountants Journal
; This book illuminates the conceptual framework of financial reporting-why it developed and how the concepts, principles and standards interrelate. The framework represents an "underlying structure of accounting concepts" to help standard-setting bodies deal with accounting problems. While the
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 "Management Accounting (British)")
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Exposure draft on accounting policies.(Brief Article)
Management Accounting (British)
; The ASB has published for public comment FRED21 Accounting Policies, which sets out its proposals on the selection, application and disclosure of accounting policies. The proposed accounting standard would replace the existing standard SSAP2 Disclosure of accounting policies. In many respects the
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NO-HEADLINE
The Independent - London
; The Accounting Standards Board is to revise its proposals for a Statement of Principles, rather than directly publish a standard, because of heavy criticism of the original draft published several months ago. However, the record level of responses has led the board, chaired by Sir David Tweedie, to
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Letters to the editor.(Letter to the editor)
Strategic Finance
; I enjoyed reading Thomas Corbett's Three Questions Accounting (April 2006). I think both sides are right in his second sentence: Some people have called it a new paradigm in management accounting, but others have said that it's simply a new way of showing old cost accounting concepts, such as
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Revisions to local government standard
Australian Accountant
; The AAS 27 `Financial Reporting by Local Governments' has been reissued following public comments received in Exposure Draft ED 66 `Amendments to AAS 27'. The principal changes to the superseded standard are: removal of the requirement to comply with Statements of Accounting Concepts; a requirement
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Fundamental Managerial Accounting Concepts
The Engineering Economist
; FUNDAMENTAL MANAGERIAL ACCOUNTING CONCEPTS BY THOMAS P. EDMONDS, CINDY D. EDMONDS AND BOR-YI TSAY Irwin McGraw-Hill, New York, 2000, xxvii + 625 pp. ISBN: 0-07-021441-7. (Hardcover). List: $97.75. This new managerial accounting text by Edmonds, Edmonds, and Tsay is representative of the new
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Industry members for short-term task forces needed
The CPA Letter
; The AICPA Business & Industry Executive Committee is looking for members in industry to serve on short-term task forces focused on specific management accounting concepts and practices. These task forces, which will be active for up to six months, will play an advisory role in developing
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