Detail At War - Disclosure of Measurement Uncertainties   Oleh:  Arnold, Jerry L. ; Holder, William W. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 186 no. 6 (1998) Topik: MEASUREMENTS; war - disclosure; measurement Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel It's no secret that financial statement users have long been concerned about the disclosure of measurement uncertainties in GAAP statements in order to help investors, creditors and others evaluate the uncertainty of some financial statement entries. Recent pronouncements call for additional disclosures about a variety of uncertainties. These mandates - coupled with existing requirements—add up to a complex set of standards that often are confusing and difficult for companies to apply. Despite their complexity, the fact that those standards were approved at all acknowledges the view of standard setters that financial statements have not properly disclosed the degree of uncertainty in many accounting measurements. Both FASB and AcSEC have called for companies to disclose accounting measurement uncertainties. However, the timing of such disclosures and their nature and extent varies widely. These variations exist despite a clearance process for new AcSEC standards that provides some degree of coordination with FASB. (If a majority of FASB members do not object to a proposed AcSEC standard, the standard is considered to have been cleared by FASB). The upshot is that companies may be required to make extensive disclosures when there is little uncertainty and, conversely, to make relatively few disclosures in conditions of great uncertainty. In some cases, the standards require different disclosures for similar economic phenomena, which confuses financial statement users, preparers and attestors. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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