RESTRICTIONS IN THE CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING: A REVIEW OF THE LITERATURE

Yıl 2020, Cilt: 9 Sayı: 18, 50 - 67, 04.01.2021

Ali İhsan Akgün

Öz

The purpose of this study is to literature examining the restrictions in the Conceptual Framework for Financial Reporting. The globalisation process has affect to an invitation for the harmonisation of financial reporting standards, and consequently, the US Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have joined forces to create one set of accounting standards. One of the joint projects is a common conceptual framework (henceforth referred to as the CFW). These paper provide a guidance to the conceptual framework a long with international accounting and financial reporting standards. To understand the quality and objective of financial reporting, it is important for CWF to examine the fundamental characteristics of financial accounting information and its restrictions. I imply that most of the existing empirical research is US GAAP-oriented and that IFRS investigate on the restriction in the CFW for financial reporting is limited.

Anahtar Kelimeler

Conceptual Framework, Financial Reporting, Restrictions, IASB

Destekleyen Kurum

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Proje Numarası

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Teşekkür

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FİNANSAL RAPORLAMAYA İLİŞKİN KAVRAMSAL ÇERÇEVEDEKİ SINIRLANDIRMALAR: LİTERATÜRSEL BİR İNCELEME

Öz

The purpose of this study is to literature examining the restrictions in the Conceptual Framework for Financial Reporting. The globalisation process has affect to an invitation for the harmonisation of financial reporting standards, and consequently, the US Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) have joined forces to create one set of accounting standards. One of the joint projects is a common conceptual framework (henceforth referred to as the CFW). These paper provide a guidance to the conceptual framework a long with international accounting and financial reporting standards. To understand the quality and objective of financial reporting, it is important for CWF to examine the fundamental characteristics of financial accounting information and its restrictions. I imply that most of the existing empirical research is US GAAP-oriented and that IFRS investigate on the restriction in the CFW for financial reporting is limited.

Anahtar Kelimeler

Kavramsal Çerçeve, Finansal Raporlama, Kısıtlamalar, IASB

Proje Numarası

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Kaynakça

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