Conservatism in Accounting – Part I: Explanations and Implications
Conservatism is under attack from certain circles. For example, some (including even the FASB) are now suggesting it may be better to abandon conservatism in order to show more unbiased financial statements. In a surprisingly interesting article (NOTHING personal, but come on, it is about accounting conservatism!) Ross Watts looks at this issue and examines conservatism both from a both an historical/theoretical perspective … [ Read more ]
Content: Article | Author: Ross L. Watts | Source: Social Science Research Network (SSRN) | Subjects: Accounting, Finance