Accounting Scholasticism: The FASB's Preliminary Views

Article Abstract:

The Financial Accounting Standards Board (FASB) arguments on pension accounting border on pure scholasticism. The needs of financial statement users should be used as a guide in finding a solution. The FASB does not justify pension accounting proposals as an improvement over current information. The proposals do not meet the need of potential users. Differences would not always reflect substantive economic differences in circumstances.

Compensation and benefits, Accounting

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NASBA 76th Annual Meeting

Article Abstract:

The National Association of State Boards of Accountancy (NASBA) annual meeting revolved around the idea of rapidly changing professional regulations. Effective state regulation is being threatened by nonlicensed accountants. An educational committee advocated legislation of post baccalaureate educational requirements. Changes in professional ethics may make rules less stringent.

Accounting and auditing, Associations, institutions, etc., Associations

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