Key Insights from "An Introduction to Modern Financial Reporting Theory"
- Modern financial reporting is an evolutionary process that has been shaped by a complex mix of economic, political, technological and social factors.
- Financial reporting is not just a technical exercise, but a socio-political process that involves negotiation and compromise among various interest groups.
- The conceptual framework of financial reporting, including its objectives, qualitative characteristics, and the elements and recognition criteria of financial statements, provides the foundation for understanding financial reporting standards and practices.
- The agency theory, the stakeholder theory, and the legitimacy theory are among the key theoretical perspectives...
🤍
Available