By developing a synthesis of documents that have been released officially under the revenue recognition project jointly run by the IASB and FASB, this article points out that the earnings generation and realisation process over time (that is to say, the traditional accounting model) is in...

This essay analyzes some problems that accounting standard setters confront in erecting barriers to managers bent on boosting their firms' financial reports through financial engineering (FE) activities. It also poses some unsolved research questions regarding interactions between preparers and...

This essay analyzes some problems accounting standard setters confront in erecting barriers to managers bent on boosting their firms' financial reports through financial engineering (FE) activities. It also poses some unsolved research questions regarding interactions between preparers and...