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Valuation‐based accounting research: Implications for financial reporting and opportunities for future research
Author(s) -
Barth Mary E.
Publication year - 2000
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/1467-629x.00033
Subject(s) - valuation (finance) , accrual , accounting , financial accounting , business , fair value , accounting research , accounting management , international financial reporting standards , cash flow , actuarial science , finance , accounting information system , earnings
This paper discusses the relation between financial reporting research and practice, particularly standard setters. Many studies addressing financial reporting issues use a valuation approach. The paper describes alternative approaches to valuation research and summarises the findings relating to four major current issues: fair value accounting for financial, tangible, and intangible assets, cash flows versus accruals, recognition versus disclosure, and international harmonisation of accounting standards. The summaries include identifying what standard setters and others would like to learn from research, what we have learned, and what is left to learn. The paper concludes with observations about future financial reporting academic research.