Implications for the Conceptual Framework Arising from Accounting for Financial Instruments
Michael E. Bradbury
Abacus, Vol. 39, pp. 388-397, October 2003
This article describes some of the issues faced by standard setters in developing guidance on accounting for financial instruments and the implications these issues have for the conceptual framework (CF). The objective is to outline issues, not necessarily to resolve them, and to consider the implications they have for further developing the conceptual framework.
Given the current trend of harmonization and convergence of accounting practice towards international standards, it seems reasonable to assume that any policy implications will be most relevant to the CF inherited by the International Accounting Standards Board (IASB). Unless otherwise stated, references will be made to International Accounting Standards (IAS).
Number of Pages in PDF File: 10
JEL Classification: M41, M44, M47Accepted Paper Series
Date posted: January 8, 2004
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