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Why Consistency of Accounting Standards Matters: A Contribution to the Rules-Versus-Principles Debate in Financial Reporting

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  • JENS WÜSTEMANN
  • SONJA WÜSTEMANN

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  • Jens Wüstemann & Sonja Wüstemann, 2010. "Why Consistency of Accounting Standards Matters: A Contribution to the Rules-Versus-Principles Debate in Financial Reporting," Abacus, Accounting Foundation, University of Sydney, vol. 46(1), pages 1-27.
  • Handle: RePEc:bla:abacus:v:46:y:2010:i:1:p:1-27
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    References listed on IDEAS

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    1. Geoffrey Whittington, 2008. "Fair Value and the IASB/FASB Conceptual Framework Project: An Alternative View," Abacus, Accounting Foundation, University of Sydney, vol. 44(2), pages 139-168.
    2. Günther Gebhardt & Graeme Dean, 2008. "Commentary on Siena Open Forum: Conceptual Framework," Abacus, Accounting Foundation, University of Sydney, vol. 44(2), pages 217-224.
    3. Laux, Christian & Leuz, Christian, 2009. "The crisis of fair-value accounting: Making sense of the recent debate," Accounting, Organizations and Society, Elsevier, vol. 34(6-7), pages 826-834, August.
    4. Jim Psaros, 2007. "Do principles-based accounting standards lead to biased financial reporting? An Australian experiment," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 47(3), pages 527-550.
    5. David Alexander, 2006. "Legal Certainty, European-ness and Realpolitik," Accounting in Europe, Taylor & Francis Journals, vol. 3(1), pages 65-80, October.
    6. Coglianese, Cary & Healey, Thomas J. & Keating, Elizabeth K. & Michael, Michael L., 2004. "The Role of Government in Corporate Governance," Working Paper Series rwp04-045, Harvard University, John F. Kennedy School of Government.
    7. David Alexander & Eva Jermakowicz, 2006. "A true and fair view of the principles/rules debate," Abacus, Accounting Foundation, University of Sydney, vol. 42(2), pages 132-164.
    8. Joshua Ronen, 2008. "To Fair Value or Not to Fair Value: A Broader Perspective," Abacus, Accounting Foundation, University of Sydney, vol. 44(2), pages 181-208.
    9. R. G. Walker, 2007. "Reporting entity concept: a case study of the failure of principles-based regulation," Abacus, Accounting Foundation, University of Sydney, vol. 43(1), pages 49-75.
    10. Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521415019.
    11. Bruce Bennett & Michael Bradbury & Helen Prangnell, 2006. "Rules, principles and judgments in accounting standards," Abacus, Accounting Foundation, University of Sydney, vol. 42(2), pages 189-204.
    12. repec:bla:joares:v:20:y:1982:i:2:p:654-675 is not listed on IDEAS
    13. Andrew Lennard, 2007. "Stewardship and the Objectives of Financial Statements: A Comment on IASB's Preliminary Views on an Improved Conceptual Framework for Financial Reporting: The Objective of Financial Reporting and Qual," Accounting in Europe, Taylor & Francis Journals, vol. 4(1), pages 51-66, June.
    14. Mark Bagnoli & Susan G. Watts, 2005. "Conservative Accounting Choices," Management Science, INFORMS, vol. 51(5), pages 786-801, May.
    15. Mary Barth, 2006. "Including estimates of the future in today's financial statements," BIS Working Papers 208, Bank for International Settlements.
    16. Hausman,Daniel M., 1992. "The Inexact and Separate Science of Economics," Cambridge Books, Cambridge University Press, number 9780521425230.
    17. Edwards, John Richard & Dean, Graeme & Clarke, Frank, 2009. "Merchants' accounts, performance assessment and decision making in mercantilist Britain," Accounting, Organizations and Society, Elsevier, vol. 34(5), pages 551-570, July.
    18. Sweeney, Amy Patricia, 1994. "Debt-covenant violations and managers' accounting responses," Journal of Accounting and Economics, Elsevier, vol. 17(3), pages 281-308, May.
    19. Janice A. Loftus, 2003. "The CF and Accounting Standards: The Persistence of Discrepancies," Abacus, Accounting Foundation, University of Sydney, vol. 39(3), pages 298-309.
    20. George J. Benston & Michael Bromwich & Alfred Wagenhofer, 2006. "Principles- versus rules-based accounting standards: the FASB's standard setting strategy," Abacus, Accounting Foundation, University of Sydney, vol. 42(2), pages 165-188.
    21. Healy, Paul M. & Palepu, Krishna G., 1990. "Effectiveness of accounting-based dividend covenants," Journal of Accounting and Economics, Elsevier, vol. 12(1-3), pages 97-123, January.
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    Cited by:

    1. Carmen-Alexandra Baltariu & Andreea Cirstea, 2012. "Harmonization Of Goodwill Reporting Practice In The Consolidated Financial Statements Of Romanian Groups," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(14), pages 1-1.

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