- Your research paper is written by certified writers
- Your requirements and targets are always met
- You are able to control the progress of your writing assignment
- You get a chance to become an excellent student!
Herz has claimed that a principles-based system would lead to standards that would be less than 12 pages long, instead of over 100 pages (BusinessWeek online, 2002). Principles would be easier to comprehend and apply to a broad range of transactions. Harvey Pitt, former SEC chairman, explained this as follows: “Because standards are developed based on rules ... they are insufficiently flexible to accommodate future developments in the marketplace. This has resulted in accounting for unanticipated transactions that is less transparent.”
Finally, the use of principles-based accounting standards may provide accounting statements that more accurately reflect a company’s actual performance because, as Australian Securities and Investments Commission Chair David Knott has stated, an increase in principles-based accounting standards would reduce manipulations of the rules (Nationwide News, 2002)...
Calculate a fair price for your order
Do you need an essay?
A professional team of writers is able to craft custom essays from scratch according to your instructions. We are ready to satisfy writing needs of every demanding customer.
Do you need many essays?
The product provided is intended to be used for research or study purposes. Get instant access to over 200,000 papers.
Common topics in this essay:
- Advantages and disadvantages of historical cost accounting, alternatives to historical cost accounting
- Choose A Current International Accounting Standard (Ias) Or International Financial Reporting Standard (Ifrs). Briefly Summarise Its Provisions And Assess Whether The Standard Can Be Considered To Be ‘Principles-Based’ Or ‘Rules-Based’, E...
- Discuss the advantages and disadvantages, to the participating countries and the rest of the world, of forming a free trade arrangement. China, Japan and Korea are now undertaking preliminary research into the formation of a free trade area. Withi...
- Ethics - FASB - Accounting
- FASB issues
- Outline the main benefits/advantages and the potential disadvantages/drawbacks associated with marketing planning, based on a critical review of the literature
- Principles-Based Accounting And Rules-Based Accounting
- Advantages And Disadvantages O
- Advantages and Disadvantages of LAN
- Advantages and Disadvantages of Principles-Based Accounting
- Cross Function Task Force
- Should a high school curriculum be career based or college prep based?
- The Corrections Task Force Project: Memorandum
- Outline the principle advantages and disadvantages of an approach to ethics based around virtue
- Task Force Interest Group
Feedback of people who used our services.
My experience with ManyEssays.com is extremely satisfying! I was amazed on your user-friendly website which is very helpful. I have also happy on how your customer service experts ...
I would like to say thank you for the level of excellence on providing written works. My University required us a very difficult paper using a very specific writing format and ...
I am happy with the results your company gives. ManyEssays.com is the best place for essays!
I was given by my professor a very difficult essay assignment and I really don’t know what to do. I needed help and ManyEssays.com came at the right time. I quickly availed your ...
I am very happy on the excellent job your writers did on my thesis. It was beautiful in every way, it was a literary masterpiece! Everything was done according to instructions and ...
A top-notch organization all the way and a model in excellent service, your company is. The level of expertise in your field is exceptional as you have in your employment the best ...
Your writing service is so amazing! I was skeptic at first on how your company provides result, but my skepticism gradually vanished immediately after you had finished one task in ...
Your services were an important factor for my academic advance during my college years. I really thank you that you were there when I needed help in my term paper. Your company ...
3 pages / 656 words
1 pages / 153 words
1 pages / 256 words
2 pages / 372 words
2 pages / 482 words
1 pages / 251 words
1 pages / 284 words