2004 ABACUS Restructure of accounting Standard setting arrangements CLERP

2004 abacus restructure of accounting standard

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(2004) ABACUS Restructure of accounting Standard setting arrangements, CLERP reforms Three approaches of agenda building Cobb and Elder (1972), Cobb et al. (1976) Analysis of primary source documents (=limitation) Thorough application of both chronological and approach element of Cobb and Elder (1972) and Cobb et al. (1976) agenda formation model. Comparison of approaches of different stakeholders No consideration of motivations of individual key players Limited ‘proof’ for certain claims, due to consideration of written sources only Limited consideration of political circumstances Hodges and Mellett (2002) Accounting Forum UK ’s private finance initiative Walker and Robinson (1993) Elements of the profession- sponsored rule-making process Case study Written primary and secondary sources (=limitation) Confirmation that competing regulatory agencies seek to defend and expand their role through exercising influence in agenda formation process Agenda formation process only part of the focus, thus, no in-depth consideration Use of simplistic chronological framework, rather than theoretical model Nobes (1992) ABACUS Development of an accounting standard for goodwill in the UK Accounting cycles (Nobes 1991) Case study Written primary and secondary sources (=limitation) Refer to figure xxx Limitations born out of accounting cycle models Gordon and Morris (1996) ABACUS Development of equity accounting standards between 1968 and 1995 in Australia Accounting cycles (Nobes 1991) Case study Written primary and secondary sources (=limitation) Attempt to operationalise level of standardisation More sophisticated identification of additional stakeholders and their motivations Use of written documents Limitations born out of accounting cycle models
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292 Study Subject Theoretical framework Methods Contribution/relevance to thesis Limitations Burrows and Rowles (2010) International Review of Business Research Papers Developing accounting requirements for inflation, a comparison between the UK and Australia from 1973- 1985 Accounting cycles (Nobes 1991) Case study Analysis of political, social and economic events Written primary and secondary sources (=limitation) More sophisticated identification of additional stakeholders and their motivations Limitations born out of accounting cycle models Young (1994) AOS FASB agenda admission, process of accounting change (accounting for loan fees 1980-1984; accounting for leases 1983-1984; depreciation and contribution accounting for non-profit insurance from 1975 to 1985) Regulatory space (Hancher and Moran 1989) and ‘logic of appropriateness’ (March and Olson 1989?) Three case studies including interviews and secondary data Model acknowledges complexities of agenda formation process Recognises plurality of agenda formation process Attempts to explain agenda entrance even though there is no ‘crisis’, urgent need (Howieson 2009) Allows actions of accounting standard setters to be understood in multifactorial sense (beyond self- interest) Focus on divergence of accounting practices as reason for development of new accounting
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  • Fall '13
  • Government, The Land, International Financial Reporting Standards, Financial Accounting Standards Board, Australian Accounting Standards Board, Snow

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