TITLE

Contract theory

AUTHOR(S)
O'Brien, Patricia C.; Scott, William R.
PUB. DATE
April 2012
SOURCE
CA Magazine;Apr2012, Vol. 145 Issue 3, p44
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the new financial reporting's conceptual framework (CF) released by the U.S. Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) in 2010 and its relation to the contract theory. It examines the changes in the revised CF and offers suggestions for further development of CF deriving from the view of the theory. It mentions that much of fair-value accounting criticism centres on a set of evidence and theory called contract theory.
ACCESSION #
74025520

 

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