Fair-Value Accounting and Balance-Sheet Myopia

R. A. Rayman

Chapter 4 in Toxic Economic Theory, Fraudulent Accounting Standards, and the Bankruptcy of Economic Policy, 2013, pp 37-46 from Palgrave Macmillan

Abstract: Abstract When the “conceptual framework project” was launched, one of the most valuable assurances given by the US Financial Accounting Standards Board was that there were to be no preconceptions: This Statement contains no conclusions about matters such as the identity, number, or form of financial statements … [and] should not be interpreted as implying a particular set of financial statements. [FASB (1978) p.2]

Keywords: Cash Flow; Balance Sheet; Financial Position; International Financial Reporting Standard; International Account Standard (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-30450-6_4

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DOI: 10.1007/978-1-137-30450-6_4

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