TY - JOUR
AU - Whittington, Geoffrey
AB - Accounting and Business Research. Vol. 21. No. 81. pp. 87-102, 1990 87 Financial Reporting: Current Problems and Their Implications for Systematic Reform David Tweedie and Geoffrey Whittington* Introduction the investment incentives given by the corporation tax system, rather than a deliberate challenge to Financial reporting has been an area of exceptional extant accounting standards) and they have served innovation in the UK and elsewhere during the to highlight the limitations and contradictions of past five years or so. Such issues as off-balance the existing standards. The problems have largely sheet financing, accounting for complex capital arisen because existing standards have either not issues and, more recently, accounting for brand kept up with new developments or leave too much names have become matters of considerable con- freedom of choice. Our purpose in examining these tention and are widely regarded as ‘problems’ with issues is to identify lessons for the future, in which the standard setting bodies should deal. The particular for standards setters. object of this paper is to examine a number of these Our approach to the selection of systematic problems and to identify their common character- principles is to accept the broad consensus on the istics. We then 
TI - Financial Reporting: Current Problems and Their Implications for Systematic Reform
JF - Accounting and Business Research
DO - 10.1080/00014788.1990.9729407
DA - 1990-12-01
UR - https://www.deepdyve.com/lp/taylor-francis/financial-reporting-current-problems-and-their-implications-for-TCyaX1V4SS
SP - 87
EP - 102
VL - 21
IS - 81
DP - DeepDyve
ER -