1st Edition

Financial Reporting in the UK A History of the Accounting Standards Committee, 1969-1990

By B.A. Rutherford Copyright 2007
    456 Pages
    by Routledge

    456 Pages
    by Routledge

    Written by a well-known author, this book makes a major contribution to the history of financial reporting, exploring the current and international aspects of standard setting.

    Compiled through consultation of a considerable amount of relevant literature and interviews with a large number of key players of the ASC, it analyzes the big ‘set battles’ between standard setters and preparers of financial statements, over topics such as price change accounting, goodwill, and leasing and foreign currency translation, the stand-offs which delayed development in specific areas and the smaller skirmishes which impeded the work of improving financial reporting.

    It covers a range of topics, including:

    • the formulation of standards on specific topics
    • the evolution of the institutional machinery of standard-setting
    • the politics of standard-setting
    • the theory of accounting standardization
    • the emergence of a conceptual framework for financial reporting.

    A fine account of the period following the 1960s, charting the history of the Accounting Standards Committee, this book is an essential resource for business and finance students.

    1. 'Present Troubles and More to Come'  2. The Invention of the Accounting Standard  3. Honeymoon Period: 1970-1974  4. Accounting for Changing Prices: The Struggle Begins  5. The Holy Grail  6. The Going Gets Tougher: 1975-1979  7. Reforming the System  8. The Art of the Possible: 1980-1984  9. Accounting for Changing Prices: The Struggle Continues and Ends Badly  10. Losing Steam? 1985-1990  11. Setting Accounting Standards 1969-1990: Technical and Political Realms 


    B.A. Rutherford