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An essay on recognition

01 Jan 1985-
About: The article was published on 1985-01-01 and is currently open access. It has received 10 citations till now.
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Journal ArticleDOI
TL;DR: The proposal by the Financial Accounting Standards Board (FASB) in 2002 to produce principles-based accounting standards is an explicit commitment to use its conceptual framework to improve financi....
Abstract: The proposal by the Financial Accounting Standards Board (FASB) in 2002 to produce principles‐based accounting standards is an explicit commitment to use its conceptual framework to improve financi...

57 citations

Journal ArticleDOI
TL;DR: In this article, the authors used a transaction theory approach to analyse some of the measurement and disclosure issues involved in accounting for goodwill and other intangibles and concluded that the most fruitful course of action in dealing with these issues would be a substantial research effort designed to investigate the distributional properties of accounting numbers relating to the subject of intangible measurement, including goodwill as defined in this paper.
Abstract: This paper uses a transactions theory approach to analyse some of the measurement and disclosure issues involved in accounting for goodwill and other intangibles. The recent professional and academic literature is reviewed and the traditional economic theory approach to interpreting accounting issues in these areas is criticised. A form of transactions theory called ‘Statistical Transactions Theory’ is then used to investigate several conceptual problem areas, notably: the definition of goodwill and fair values; the distinction between goodwill and other intangibles; and capitalisation, amortisation and valuation issues. The authors conclude that the most fruitful course of action in dealing with these issues would be a substantial research effort designed to investigate the distributional properties of accounting numbers relating to the subject of intangibles measurement, including goodwill as defined in this paper. They call for more analytic and empirical work in this field.

37 citations

Journal ArticleDOI
T.A. Lee1
TL;DR: A war exists in corporate financial reporting and the purpose of this paper is to identify and analyse why it persists despite continuous efforts to provide a resolution as discussed by the authors, where the authors use the organic intellectual approach to criticism recommended by Tinker [Beyond the Brilovian critique: traditional vs. organic intellectuals in critical accounting research.

23 citations

Journal ArticleDOI
TL;DR: Lee and Wolnizer as discussed by the authors present an intellectual memorial to Robert Raymond Sterling (1931-2010), who dedicated his professional life to developing scholarship in accounting education, practice, and research.
Abstract: D riven by keen intellectual inquisitiveness, purpose, and conviction, Robert Raymond Sterling (1931–2010) dedicated his professional life to developing scholarship in accounting education, practice, and research. He did so with what his Australian intellectual counterpart and kindred spirit, Raymond John Chambers (1997, xvii ), described as a ‘‘sustained, but temperate, passion.’’ We are honored to write this intellectual memorial to Sterling. Although from the United Kingdom and Australia, respectively, we had the privilege, benefit, and pleasure of knowing him as a colleague, friend, and mentor for more than 25 years. We present this memorial, however, knowing that no finer intellectual tribute could be paid to Sterling than that written by Chambers in his invited essay, ‘‘Sterling as Scholar,’’ published in an edited anthology of Sterling’s published papers (Lee and Wolnizer 1997, vii–xxxi ). We warmly commend Chambers’ tribute to Sterling to all who wish further insight into this remarkable theoretician’s scholarship. Our purpose is not to document Sterling’s life, work, and academic career extensively, although, for the convenience of readers, we initially record his key appointments and achievements, as they provide an understanding of his scholarly legacy. A more extensive description of Sterling’s life is given in the tribute rendered at his memorial service in Houston, Texas, on July 2, 2010 (Wolnizer 2010, 229–231). Instead, in this memorial, we seek to set forth and assess historically Sterling’s intellectual contributions to accounting education and research. We believe they are profound and will be revisited by scholars of the future.

8 citations


Additional excerpts

  • ...1968a), uniformity (Sterling 1969), and recognition (Sterling 1985)....

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Book ChapterDOI
01 Jan 2017
TL;DR: In this paper, the authors examined a number of committee reports and documents emanating from the American Institute of Certified Public Accountants (AICPA), Accounting Principles Board (APB), and the American Accounting Association (AAA).
Abstract: I n Chapter 6, we examined a number of committee reports and documents emanating from the American Institute of Certified Public Accountants (AICPA), Accounting Principles Board (APB), and the American Accounting Association (AAA). The chronology of these documents is extremely important. The first one (ASOBAT, A Statement of Basic Accounting Theory) appeared shortly after ARSs 1 and 3 (the Moonitz and Sprouse and Moonitz postulates and principles studies) and the last one (SATTA, Statement of Accounting Theory and Theory Acceptance) appeared just prior to publication of the first part of the conceptual framework. Since all of the Chapter 6 • Recognize the linkage between the conceptual framework and the documents discussed in Chapter 6. • Understand the components of the conceptual framework. • Comprehend the trade-off problems that standard setters face. • Appreciate the conflict between representational faithfulness and economic consequences. • Assess empirical research on the conceptual framework. • View the conceptual framework from the codificational standpoint and the jurisprudential view.

4 citations