IDEAS home Printed from https://ideas.repec.org/a/fan/frfrfr/vhtml10.3280-fr2018-001002.html
   My bibliography  Save this article

A theoretical contribution to 21st Century problems in financial reporting

Author

Listed:
  • David Alexander
  • Roberta Fasiello

Abstract

The Italian tradition known as ‘Economia Aziendale’ is longstanding and well known in Italy. It broadly spans the 20th Century, with its apotheosis appearing in the 1920s with Gino Zappa. It is not very well-known elsewhere. Its logical conclusions for financial reporting are not applied in practice in Italy, and indeed never have been. They are not applied in the (very different) field of IFRS and European Directive requirements either. Our research question is to investigate the proposition that they significantly should be so applied. Our key area of study, therefore, is the complex and multi-faceted problem of income measurement and asset valuation, valuation issues in short. In order to properly investigate these considerations, we present a thorough survey of the theoretical development and arguments of the EA tradition, showing its logicality and usefulness, and contrasting these effects with the present-day regulatory systems. This forms the major theoretical element of the paper. In summary, therefore, the paper could be characterised as an analytical presentation of major theoretical arguments, with significant application to the real world of today and tomorrow. The EA tradition is not new. But we demonstrate its current relevance, and expose it to an international audience.

Suggested Citation

  • David Alexander & Roberta Fasiello, 2018. "A theoretical contribution to 21st Century problems in financial reporting," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2018(1), pages 41-66.
    • Handle: RePEc:fan:frfrfr:v:html10.3280/fr2018-001002
    as

    Download full text from publisher

    File URL: http://www.francoangeli.it/riviste/Scheda_Rivista.aspx?IDArticolo=60991&Tipo=ArticoloPDF
    Download Restriction: Single articles can be downloaded buying download credits, for info: http://www.francoangeli.it/riviste/inglese_download_credit.asp

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. David Alexander, 2012. "Is there such a thing as European Financial Reporting?," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2012(4), pages 7-13.
    2. Francesco Capalbo & Frank Clarke, 2006. "The Italian economia aziendale and chambers' CoCoA," Abacus, Accounting Foundation, University of Sydney, vol. 42(1), pages 66-86.
    3. Zambon, Stefano & Zan, Luca, 2000. "Accounting relativism: the unstable relationship between income measurement and theories of the firm," Accounting, Organizations and Society, Elsevier, vol. 25(8), pages 799-822, November.
    4. Massimo Sargiacomo & Stefania Servalli & Paolo Andrei, 2012. "Fabio Besta: accounting thinker and accounting history pioneer," Accounting History Review, Taylor & Francis Journals, vol. 22(3), pages 249-267, November.
    5. Enrico Viganò & Richard Mattessich, 2007. "Accounting research in Italy: second half of the 20th century," Review of Accounting and Finance, Emerald Group Publishing, vol. 6(1), pages 24-41, February.
    6. Valerio Antonelli & Massimo Sargiacomo, 2015. "Alberto Ceccherelli (1885-1958): pioneer in the history of accounting practice and leader in international dissemination," Accounting History Review, Taylor & Francis Journals, vol. 25(2), pages 121-144, July.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fan:frfrfr:v:html10.3280/fr2018-001002. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angelo Ventriglia). General contact details of provider: http://www.francoangeli.it/riviste/sommario.asp?IDRivista=163 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.