Stakeholder Conflict and Standard-setting foundation oversight

This study examines foundation oversight authority as a distinct tool used to maintain the accounting profession’s delegated authority to set standards. Prior literature traditionally focuses on the standard-setting boards and technical arguments surrounding proposed accounting standards. We examine whether the Financial Accounting Foundation (FAF) can manage stakeholder conflict and legitimize contentious activity through exercise of its oversight role. The presented case is a qualitative analysis of the FAF’s GASB Scope of Authority project, a rare public exercise of FAF oversight authority, in which the FAF applied its authority despite stakeholder disagreement on the line between oversight and standard setting. We observe the FAF’s oversight of standard setting due process as opposed to the content of proposed standard setting projects. The policy formalizes private consultation at this blurred boundary to safeguard board autonomy and delegated authority. Implications and precedence for the FASB and other contentious accounting issues (e.g., deliberations around ESG reporting) are discussed

Intermediate Accounting- 12/E

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Intermediate Accounting, Vol 1

xviii,767 p. : Ill.; 28 c

Intermediate Accounting

xxxix, 1368 p : Il.; 28 c

Intermediate Accounting : IFRS Edition

e-Book available, please log-in on Member Area to access or contact our librarian.xix, 2.096 p. ; 28 cm

Intermediate accounting, Ed 12

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Akuntansi Keuangan Menengah (Intermediate Accounting) edisi IFRS Volume 1

xxiv, 990 hlm., 278 c

Intermediate accounting: IFRS edition

Is a collaborative teamof authors, who are inspired teachers, with a history of student succes in the classroom and proven experience in the real world

Akuntansi keuangan menengah : intermediate accounting 1

Globalisasi terjadi begitu cepat. Seiring meningkatnya interaksi ekonomi dan interaksi lainnya antarnegara, pasar modal harus menyediakan informasi keuangan yang berkualitas tinggi. Oleh karena itu, diperlukan adanya standar pelaporan keuangan yang berkualitas tinggi. International Financial Reporting Standards (IFRS) telah mendapat penerimaan secara internasional, yang digunakan dalam berbagai bentuk oleh lebih dari 100 negara di seluruh dunia. Akuntansi Keuangan Menengah-Volume 1, Edisi IFRS, memberikan alat yang dibutuhkan untuk memahami apa itu IFRS dan bagaimana penerapannya dalam praktik. IFRS mencoba untuk memberikan pendekatan berbasis prinsip untuk pengembangan standar pelaporan keuangan. Meskipun IFRS telah mendapat pengakuan luas, tidak semua negara menerapkannya. Misalnya, perusahaan AS masih mengikuti prinsip akuntansi yang berlaku umum di AS (U.S. Generally Accepted Accounting Principles U.S. GAAP) dalam menyusun laporan keuangannya. Faktanya, perbedaan antara IFRS dan GAAP mungkin memberikan keunggulan kompetitif bagi suatu perusahaan, sehingga memahami perbedaan tersebut penting dalam menilai perusahaan pesaing. Buku ini menyediakan fitur-fitur baru untuk menunjang pembelajaran, di antaranya: Literatur Otoritatif di setiap akhir bab memberikan daftar referensi yang lengkap; Konsep yang Mendasari, yang menjelaskan aplikasi konsep dalam praktik; dan Pojok Konvergensi yang terdiri atas empat bagian dan mendiskusikan rencana serta kemajuan konvergensi terkait topik yang dibahas.xiv, 990 hlm. ; 28 c