Financial Reporting in the UK: A History of the Accounting Standards Committee, 1969-1990

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Routledge, May 7, 2007 - Business & Economics - 456 pages

Written by a well-known author, this book makes a major contribution to the history of financial reporting, exploring the current and international aspects of standard setting.

Compiled through consultation of a considerable amount of relevant literature and interviews with a large number of key players of the ASC, it analyzes the big ‘set battles’ between standard setters and preparers of financial statements, over topics such as price change accounting, goodwill, and leasing and foreign currency translation, the stand-offs which delayed development in specific areas and the smaller skirmishes which impeded the work of improving financial reporting.

It covers a range of topics, including:

  • the formulation of standards on specific topics
  • the evolution of the institutional machinery of standard-setting
  • the politics of standard-setting
  • the theory of accounting standardization
  • the emergence of a conceptual framework for financial reporting.

A fine account of the period following the 1960s, charting the history of the Accounting Standards Committee, this book is an essential resource for business and finance students.

 

Contents

Technical and Political Realms
Notes
Sources
Statement of Intent on Accounting Standards in the 1970s
Extracts from the Watts Report
Chairmen of the Accounting Standards Committee
Secretaries to the Accounting Standards Committee
Members of the Accounting Standards Committee

The Struggle Begins
The Holy Grail
19751979
Reforming the System
19801984
The Struggle Continues and Ends Badly
Losing Steam? 19851990
Statements of Standard Accounting Practice Issued
Exposure Drafts Issued
Submissions on Exposure Drafts
Bibliography
Index
Copyright

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About the author (2007)

B.A. Rutherford

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