Argument against the case an accounting standard to regulate the way in which complex financial instruments are reported in the financial statements of quoted companies
Title: Argument against the case an accounting standard to regulate the way in which complex financial instruments are reported in the financial statements of quoted companies
Category: /Law & Government/Government & Politics
Details: Words: 2355 | Pages: 9 (approximately 235 words/page)
Argument against the case an accounting standard to regulate the way in which complex financial instruments are reported in the financial statements of quoted companies
Category: /Law & Government/Government & Politics
Details: Words: 2355 | Pages: 9 (approximately 235 words/page)
INTRODUCTION :
In this essay, I would like to start with a brief explanation about the accounting regulation and standards set for various treatments consists of gaps where the rules are vague or even incomplete. Then, I would like to give a brief introduction about the development of standards set for capital instrument, such as TR677 (ICAEW), FRED 3 and FRS 4.
Next, I will go into details examining the problems found in these proposals and standard, especially
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Andrew Marshall, and Tony Puxty, (1991), 'NFIs: Treatment and Disclosure', Accountancy, January, pp. 66-67
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