Conceptual Framework of Accounting: Logic of Evolution
Abstract
The analysis of evolution of approaches to development of the theoretical bases of accounting, including consideration of the main ideas regarding formation of accounting regulation of an economic and methodological orientation and correlation of scientific and practical aspects of accounting are presented in this paper. The logic of the article provides in the following structure: a) business environment and accounting at the turn of XIX and XX centuries; b) the objective of accounting and the change of the basic goals; c) the essence of the legal and methodological regulation of accounting; d) inductive and deductive approaches to the construction of the theory of accounting; e) the Russian specificity in the regulation of accounting; (f) the initiators and developers of the idea of conceptual framework of accounting; g) the main stages of the evolution of conceptual framework of accounting, including overview of European initiatives and international experience. It is shown that the introduction of the American model of administrative and methodological management in the area of accounting
is becoming a worldwide trend. Need of change of relationship between the Russian regulator in the area of accounting and professional accounting institutes is proved, the separate reasons of insufficient level of scientific researches in the field of accounting in Russia are presented. Refs 58. Table 1.
Keywords:
conceptual framework of accounting, deductive and inductive approaches, legal regulation, methodological regulation, control and analytical functions of accounting, information and communication functions of accounting, professional accounting institutions, accounting legislation, the Anglo-American accounting model
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Литература на русском языке
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Translation of references in Russian into English
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Moonitz M. The Basic Postulates of Accounting. New York, American Institute of CPAs, 1961. 61 p.
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Paton W. A. Accounting Theory. New York: The Ronald Press Company, 1922. 528 p.
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Riahi-Belkaoui A. Accounting Theory, 5-th ed. London: Thomson Learning, 2005. 608 p.
Sanders T., Hatfield H., Moore U. A Statement of Accounting Principles. New York, American Institute of Accountants, 1938. 138 p.
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Sprague C. E. The Philosophy of Accounts. New York, 1908. 161 p.
Sprouse R. T., Moonitz M. A Tentative Set of Broad Accounting Principles for Business Enterprises. New York, American Institute of CPAs, 1962. 87 p.
Staubus G. J. A Theory of Accounting to Investors. Berkeley, University of California Press, 1961. 150 p.
Storey R. K. The Search for Accounting Principles. New York, AICPA, 1964. 65 р.
Storey R., Storey S. Financial Accounting Concepts and Standards. Norwalk, CT, Financial Accounting Standards Board of the Financial Accounting Foundation, 1998. 170 р.
Studies in the History of Accounting. Eds A. C. Littleton, B. S. Yamey. Richard D. Irwin, Inc. Homewood, Illinois, 1956. 392 p.
Swieringa R. J. Robert T. Sprouse and Fundamental Concepts of Financial Accounting. Accounting Horizons, 2011, vol. 25, no. 1, pp. 207–220.
The FASB Conceptual Framework Project, 1973–1985: An Analysis. Manchester: University Press, 1992. 199 p.
The History of Accounting: An International Encyclopedia. Eds. M. Chatfield, R. Vangermeersch. Garland Publishing, Inc., 1996. 649 р.
Underdown B., Taylor P. Accounting Theory and Policy Making. London: Heinemann, 1985. 349 p.
Zeff S. A. John B. Canning: A View of His Academic Career. ABACUS, 2000, vol. 36, no. 1, pp. 4–39.
Zeff S. A. The Evolution of the Conceptual Framework for Business Enterprises in the United States. Accounting Historians Journal. December 1999, vol. 26, no. 2, pp. 89–131.
Zeff S. A. The Trueblood Study Group on the Objectives of Financial Statements (1971–73): A Historical Study
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2015-12-30
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Ковалев, В. В., & Ковалев, В. В. (2015). Conceptual Framework of Accounting: Logic of Evolution. St Petersburg University Journal of Economic Studies, (4), 117–152. Retrieved from https://economicsjournal.spbu.ru/article/view/1677
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Accounting and financial analysis
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