financial-accounting-theory-chapter2財務(wù)報告環(huán)境-資料下載頁
2025-07-25 19:03本頁面
【正文】 ing ? While the accounting treatment of many transactions and events is regulated, many others are unregulated ? accountants expected to be objective and free from bias ? information generated should faithfully represent underlying transactions and be neutral and verifiable Chapter 2: The financial reporting environment Copyright 169。 2022 McGrawHill Book Co. Aust. PPT t/a Financial Accounting Theory by Deegan The role of professional judgement continued ? the consideration of economic and social implications of possible accounting standards implies bias in their development and implementation – standard setters face a ‘dilemma which requires a delicate balancing of accounting and nonaccounting variables’ (Zeff 1978, p. 62) Chapter 2: The financial reporting environment Copyright 169。 2022 McGrawHill Book Co. Aust. PPT t/a Financial Accounting Theory by Deegan Why are particular accounting methods applied? ? Efficiency perspective – different anisational characteristics explain why different firms adopt different accounting methods they will adopt the method which best reflects their performance – accounting regulations which restrict the set of available accounting techniques will be costly – does not consider parability benefits of regulation Chapter 2: The financial reporting environment Copyright 169。 2022 McGrawHill Book Co. Aust. PPT t/a Financial Accounting Theory by Deegan Why are particular accounting methods applied? continued ? Opportunistic perspective – assumes that selection of an accounting method driven by selfinterest – accounting methods which provide the desired results for preparers are selected ? refer to chapter 7 for a discussion of these perspectives ? chapter 8 addresses other theoretical perspectives Chapter 2: The financial reporting environment Copyright 169。 2022 McGrawHill Book Co. Aust. PPT t/a Financial Accounting Theory by Deegan The power of accountants ? Output of the accounting process impacts many decisions about wealth transfers so the judgement of accountants affect various parties’ wealth ? the provision of accounting information leads to power of knowledge for others ? accountants can give legitimacy to anisations which may not otherwise be deemed legitimate (eg. emphasising profits) – eg. profits legitimate Rothmans exhibit Chapter 2: The financial reporting environment Copyright 169。 2022 McGrawHill Book Co. Aust. PPT t/a Financial Accounting Theory by Deegan The power of accountants continued ? Profit measures ignore many social and environmental externalities caused by the reporting entity – eg. major adverse social consequences of a cigarette manufacturer ? accounting does not objectively reflect a particular entity it creates it
電大資料相關(guān)推薦
鄂ICP備17016276號-1