The IASB's Discussion Paper on the Conceptual Framework for Financial Reporting: A Commentary and Research Review

39 Pages Posted: 20 Jan 2015

See all articles by Elizabeth A. Gordon

Elizabeth A. Gordon

Temple University - Department of Accounting

Jannis Bischof

University of Mannheim - Accounting and Taxation

Holger Daske

University of Mannheim - Accounting and Taxation

Paul Munter

KPMG International, LLP

Chika Saka

Kwansei Gakuin University

Kimberly J. Smith

College of William and Mary - Mason School of Business

Elmar R. Venter

University of Pretoria

Date Written: February 2015

Abstract

Consistent with the mission of the International Association for Accounting Education and Research (IAAER) to “promote global excellence in accounting education and research, and to maximize accounting academics' contribution to the development and maintenance of high‐quality, globally recognized standards of accounting practice,” this paper provides a commentary and research review by an ad hoc committee of the IAAER on the IASB's Discussion Paper DP/2013/1 - A Review of the Conceptual Framework for Financial Reporting. The comments focus on four main areas about which prior academic research can inform standard setters in their consideration of the revised Conceptual Framework: (1) recognition and derecognition, (2) measurement, (3) presentation and disclosure, and (4) other comprehensive income. The views expressed here by the ad hoc committee are those of the authors and do not necessarily reflect a consensus view of the IAAER membership or its Executive Committee. The paper supports the IASB's general objective of developing one set of globally acceptable accounting standards based on a cohesive and complete Conceptual Framework.

Suggested Citation

Gordon, Elizabeth A. and Bischof, Jannis and Daske, Holger and Munter, Paul and Saka, Chika and Smith, Kimberly J. and Venter, Elmar R., The IASB's Discussion Paper on the Conceptual Framework for Financial Reporting: A Commentary and Research Review (February 2015). Journal of International Financial Management & Accounting, Vol. 26, Issue 1, pp. 72-110, 2015, Available at SSRN: https://ssrn.com/abstract=2552256 or http://dx.doi.org/10.1111/jifm.12024

Elizabeth A. Gordon (Contact Author)

Temple University - Department of Accounting ( email )

Philadelphia, PA 19122
United States
2152046422 (Phone)

Jannis Bischof

University of Mannheim - Accounting and Taxation ( email )

Mannheim, 68131
Germany

Holger Daske

University of Mannheim - Accounting and Taxation ( email )

Mannheim, 68131
Germany

Paul Munter

KPMG International, LLP ( email )

KPMG Tower
Bishop Aboyade Cole Street
Victoria Island, Lagos State
Switzerland

Chika Saka

Kwansei Gakuin University ( email )

1-1-155, Uegahara, Nishinomiya
Hyogo, 662-8501
Japan

Kimberly J. Smith

College of William and Mary - Mason School of Business ( email )

P.O. Box 8795
Williamsburg, VA 23187-8795
United States
804-221-2867 (Phone)
804-221-2937 (Fax)

Elmar R. Venter

University of Pretoria ( email )

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
0
Abstract Views
2,355
PlumX Metrics