期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2021
卷号：25
期号：4
页码：1-11
语种：English
出版社：The DreamCatchers Group, LLC
摘要：In this paper, the author reviews the adoption of principles-based conceptualisation in the Conceptual Framework of Financial Reporting. The importance of understanding the conceptualisation of framework in Accounting has also been highlighted here. It applies the Social Reality Construction Model (SCRM) to better understand the Framework theoretically. This paper concludes that a great amount of coherence or consensus should be gained among institutional players so that they share a common belief about the representation of meaning behind accounting numbers. It is also a mean to convince accounting regulators to tighten the connectivity between accounting concepts and quality characteristics of financial reporting. Otherwise, the conceptualisation of accounting may only superficially define underlying theoretical understanding of accounting.
关键词：Conceptual Framework of financial reporting;International Accounting Standards Board (IASB);principles-based accounting approach;rules-based accounting approach;generally accepted accounting principles (GAAP);Social Reality Construction Model (SCRM)
