This paper examines lobbying during the production of the Accounting Standards Board's (ASB) conceptual framework for financial reporting, its Statement of Principles (SoP). It thus differs from most research in this area, which is concerned with lobbying based on expected impacts of proposed...

This paper investigates factors that determined the position of senior managers of UK-listed companies in the heated debate surrounding proposals for a new standard on goodwill accounting, i.e. whether managers preferred the immediate write-off of goodwill to reserves or capitalisation and...

This paper considers the practical application of conceptual frameworks (CFs) for financial reporting to real-world accounting issues. In particular it examines the ways in which a CF might help to resolve recurrent problems in setting accounting and reporting standards. Conceptual frameworks...

The paper examines how the qualitative characteristic of reliability may be used to resolve the conflict over the choice of valuation basis (historical costs versus current value) which has been a fundamental concern for accounting standard setters in their efforts to create a generally...