Business, Management and Accounting
5 years ago

Accounting proposal for dual measurement may lead to inconsistent practices.

Zeszyty Teoretyczne Rachunkowości
Is accounting ready for the dual measurement in the statement of financial position and the statement of profit or loss? Content analysis of comment letters to the Exposure Draft of the Conceptual Framework
Przemysław Mućko, Magdalena Janowicz, Stanisław Hońko, Michał Hendryk

Paper Summary

The paper looks at how people responded to a proposal about how companies should measure their finances. The researchers analyzed feedback from experts in the field. They found that while some liked the idea, many had concerns. They think the proposal might not be ready yet because it lacks a clear explanation and could cause more problems than it solves.

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