scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 2,458
Explain how the different types of accounting theoryresearch which you have been introduced to could assist the IASB in its workThis paper explains how normative positive and critical accounting theories can support the International Accounting Standards Board in the development of conceptual framework The essay introduces the work ofIASB and clarifies why research can aid IASB in the constructing its conceptual framework and accounting standards Historical development and a brief background about each of the theories are provided to better understand the next discussion Rutherfords 2010 article discussing the normative and post-classical research is used as a basis for an in-depth analysis of how the three perspectives can help IASB Firstly the paper discusses normative theories their divisions as well as the contributions they can make to accounting Secondly positive theories and specifically positive accounting theory is analysed highlighting this approachs focus on empirical testing and its advantages in the field of accounting policiesThirdly the usefulness of critical theories is evaluated in terms of bringing new challenging views to the accounting discipline Lastly I argue that IASB should use the advantages while bearing in mind the disadvantages of all three researches since they each provide different perspective Chambers 1999 pointed out the current poor state of accounting in his article The Poverty of Accounting Discourse which caused heated discussions among other academics Mattesich 2005 and Tinker2005 There are institutions whose work is to prepare accounting standards which would lead accounting discipline in overcoming its problems such as the International Accounting Standards Board Foundation The International Financial Reporting Standards Foundation is an independent non-profit London based private sector organisation which uses its standard-setting body the International Accounting Standards Body IASB to prepare international financial reporting standards IFRSs wwwifrsorg Due to the numerous issues in accounting standards such as the ones causing Enron and WorldCom scandals the IASB and its US counterparty the Financial Accounting Standards Body decided to prepare together a Conceptual Framework CF The CF
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA