CONCEPTUAL FRAMEWORK- updated 8/25/08
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Related Articles and Web Sites:
The Changing Accounting Regulatory Landscape (AICPA webpage)
- Relate the following article to what you have learned about the objectives of financial reporting: Fox, J. "Learn to Play the Earnings Game (and Wall Street Will Love You)". Fortune (March 31, 1997)
The following article argues that GAAP is "out of touch". What do you think? Fox, Justin. "The glamorous world of accounting standards: Searching for nonfiction in financial statements ". Fortune (12/23,1996)
Who are the standard setters? See here for a list with links to various important organizations
What exactly does the FASB do and how do they do it? Find out here (Facts about the FASB)
The role of the AICPA in standard setting:
What is the Conceptual Framework? Does it deliver what it promises? Check out what the AICPA has to say on this subject in: The Committee's Analysis on Users' Needs for Information: Chapter 3-2: Qualitative Aspects of External Reporting
III. General Views of Users' Needs for Information
Find the footnote in which the companies linked below discuss the various issues covered in your text and class. Compare the different methods described and try to relate them to the concepts and principles as described in the conceptual framework and in the text book.
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quiz (for points) is on webCT
Contact Information
Email: heidemarie.lundblad@csun.edu - Notice: I do not read or answer email from unidentified sources.
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Department Telephone Number: (818) 677-2461