Argument against the case an accounting standard to regulate the way in which complex financial instruments are reported in the financial statements of quoted companies
Date Submitted: 03/01/2004 08:20:57
Category: / Law & Government / Government & Politics
Length: 9 pages (2355 words)
Category: / Law & Government / Government & Politics
Length: 9 pages (2355 words)
INTRODUCTION :
In this essay, I would like to start with a brief explanation about the accounting regulation and standards set for various treatments consists of gaps where the rules are vague or even incomplete. Then, I would like to give a brief introduction about the development of standards set for capital instrument, such as TR677 (ICAEW), FRED 3 and FRS 4.
Next, I will go into details examining the problems found in these proposals and standard, especially …
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…Andrew Marshall, and Tony Puxty, (1991), 'NFIs: Treatment and Disclosure', Accountancy, January, pp. 66-67
Atul K. Shah, (1997), Regulatory Arbitrage Through Financial Innovation', Accounting, Auditing & Accountability Journal, Vol. 10, No. 1, pp. 85-104
Andrew Lennard, (1992), 'Debt, equity or something else?' Accountancy
Chris Westwich, (1994), 'What is the profit on repurchase of debt?' Accountancy, June, pp. 124-125
Barry Johnson, (1994), 'Practical Problems With FRS 4', Accountancy, June, pp. 124-125
Roger Wood, (1993), 'A View From the Broadroom', Accountancy, July, pp. 96-97
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