using ABC or CVO. Such failure also leads to distorting accounting numbers away from economic costs. …

In seeking to replace accounting conventions by concepts in the pursuit of principles-based standards, the FASB … welcome the use of theories by accounting standard setters and practitioners, if theories are considered in their entirety … and standards. Our conclusions about how accounting concepts and conventions should be related differ from those of the …

management accounting from the founding of the Institute to today. It considers a number of immediate challenges to management … accountants and surveys a range of issues and challenges that will likely affect management accounting thought and practice in the …