Presidential Scholars Theses (1990 – 2006)

Awards/Availabilty

Open Access Presidential Scholars Thesis

First Advisor

Tim Lindquist

Abstract

In the above analysis I considered the impact of amending APB No. 18 to a principles-based standard upon implementation, accounting objectives, and management manipulation. The analysis has uncovered both positive and negative aspects to a change in the accounting standards setting process. Implementation would be more costly and require more resources due to applying judgment instead of objective tests. Accounting objectives of comparability and reliability could arguably be improved assuming implementation is accurate. Principles-based accounting standards would not significantly improve consistency. Management structuring of transactions could be decreased assuming accurate implementation. The analysis has discovered that the potential success of principles-based accounting standards depends upon accurate judgment being used by auditors and management in analyzing transactions. I do not believe the potential benefits of principles-based accounting standards outweigh the extra resources necessary to ensure the use of accurate judgment and the doubt currently inherent in the assumption of accurate implementation.

Date of Award

2004

Department

Department of Accounting

Presidential Scholar Designation

A paper submitted in partial fulfillment of the requirements for the designation Presidential Scholar

Comments

If you are the rightful copyright holder of this Presidential Scholars thesis and wish to have it removed from the Open Access Collection, please submit an email request to scholarworks@uni.edu. Include your name and clearly identify the thesis by full title and author as shown on the work.

Date Original

2004

Object Description

1 PDF file (21 pages)

Date Digital

1-18-2018

Copyright

©2004 - Jodi E. Ferring

Type

document

Language

EN

File Format

application_pdf

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