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An Economics Perspective on Financial Reporting Objectives
Author(s) -
Miller Anthony D.,
Oldroyd David
Publication year - 2018
Publication title -
australian accounting review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.551
H-Index - 36
eISSN - 1835-2561
pISSN - 1035-6908
DOI - 10.1111/auar.12192
Subject(s) - perspective (graphical) , stewardship (theology) , accounting , business , economics , actuarial science , positive economics , political science , law , computer science , artificial intelligence , politics
The paper examines the IASB and FASB's stated objectives of financial reporting, and in particular the decision to disregard the motivational aspects of stewardship information. The paper shows this view to be flawed from a theoretical perspective and considers the practical consequences.