Abstract
The FASB adopted a balance sheet-based model of financial reporting about 30 years ago, and this model has been gradually expanded and solidified to become the required norm around the world today. Currently, the FASB and the IASB are re-considering their Conceptual Framework, and this is the right time to have a much-needed debate about the proper conceptual foundations of accounting.
Professor Ilia Dichev of the Ross School of Business at the University of Michigan has been commissioned to prepare this Occasional Paper.
Full Citation
Ross School of Business, University of Michigan, Ilia Dichev.
“On the Balance Sheet-Based Model of Financial Reporting.”
Center for Excellence in Accounting & Security Analysis.
September 01, 2007.