2015
DOI: 10.1111/jifm.12024
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The IASB's Discussion Paper on the Conceptual Framework for Financial Reporting: A Commentary and Research Review

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 R… Show more

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Cited by 13 publications
(10 citation statements)
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“…Being considered as being multidimensional in nature (Gordon et al, 2015;Modi & Mishra, 2011), financial performance mostly refers to earnings and losing as well as the ability of firm in meeting financial obligations and satisfying the shareholders and related stakeholders.…”
Section: Introductionmentioning
confidence: 99%
“…Being considered as being multidimensional in nature (Gordon et al, 2015;Modi & Mishra, 2011), financial performance mostly refers to earnings and losing as well as the ability of firm in meeting financial obligations and satisfying the shareholders and related stakeholders.…”
Section: Introductionmentioning
confidence: 99%
“…Por sua vez, a Estrutura Conceitual (EC) dos Relatórios Financeiros é uma importante ferramenta para descrever normas com base em conceitos consistentes, motivo pelo qual o IASB atualizou e melhorou os fundamentos da EC em 2018. Gordon et al (2015) apoiam o ponto de vista da EC no que diz respeito ao propósito de divulgação ligado às características qualitativas das informações financeiras reportadas.…”
Section: Introductionunclassified
“…In such scenarios, the objective of IASB in providing the choices in measurement bases has been applied wrongly by the International Journal of Accounting and Financial Reporting ISSN 2162-3082 2017 preparers of the financial report and the entity"s true and fair view has not been reflected for user analysis. On this , Gordon et al (2015) proposes that additional consideration should be given by IASB, "to the view that the relevance of a particular measurement depends on the manner in which investors, creditors, and other lenders are likely to assess how an asset or a liability will contribute to future cash flows" (p.74).…”
Section: Measurement Basementioning
confidence: 99%
“…IASB (2015b) emphasized that, "an estimate can be faithfully represented if the reporting entity has properly applied an appropriate process, properly describe the estimate and explained any uncertainties that significantly affect the estimates" (p.30). Furthermore, Gordon et al (2015) states that "displaying estimates and assumptions to facilitate the assessment of measurement uncertainty ensures that the financial statements and notes reflect the qualitative characteristic of faithful representation" (p.96).…”
Section: Measurement Uncertaintymentioning
confidence: 99%
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