<b>The relevance of recent financial accounting literature for standard setting: a literature review</b> - doi: 10.4025/enfoque.v26i3.5779

  • Marcela Porporato York University - Canadá
DOI: https://doi.org/10.4025/enfoque.v26i3.5779
Keywords: Financial Accounting, Users (investors), Preparers (managers), Accounting Standard Setting, Literature Review

Abstract

This paper offers a summary of the evolution of financial accounting theory and its contribution to accountingstandard setting, but with special emphasis since the work of Ball and Brown (1968). The historic analysisfocuses on the research that has been dominating the discipline from the late 1960s. This paper evolvesfrom the users’ perspective and their problems (the investor) toward the perspective of the preparers andtheir difficulties (the manager), covering the two opposite roles of financial accounting: an instrument formaking investment decisions and a contracting mechanism. The literature review shows that few contributionsof accounting research can be extrapolated to the standard setting process of the FASB. The intendedaudience of this paper is comprised mainly by students who, in a short period of time, need to know thefundamental pieces of research published in financial accounting.

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Author Biography

Marcela Porporato, York University - Canadá
Marcela Porporato received her Ph.D. in Management with specialization in Accounting and Control from IESE Business School, Universidad de Navarra, Spain. Marcela’s research is within management accounting with an international management flavor, being the primary research interest to study how management control systems arise and evolve in turbulent environments such as new organizational forms (i.e. strategic alliances) and regional economies of developing countries (i.e. Cordoba, Argentina). Currently, she investigates the design of management control systems in international joint ventures and in family owned businesses in Argentina, and teaches cost accounting and management planning and control systems. Marcela's teaching and research benefits from her interntional experience in South America, Europe and North America. Her work has been exposed in internationally recognized conferences and published in various academic journals.
Published
2008-11-12
How to Cite
Porporato, M. (2008). <b>The relevance of recent financial accounting literature for standard setting: a literature review</b&gt; - doi: 10.4025/enfoque.v26i3.5779. Enfoque: Reflexão Contábil, 26(3), 09-27. https://doi.org/10.4025/enfoque.v26i3.5779
Issue
Vol 26 No 3 (2007)
Section
Original Articles

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