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Historical Analysis of Development of Concept of Qualitative Characteristics of Accounting Information

Author

Listed:
  • Tetyana Plakhtiy

    (Vinnytsia National Agrarian University, Vinnytsia, Ukraine)

Abstract

The article substantiates the necessity to investigate historical aspects of development of qualitative characteristics of accounting information concept. It analyses the most important documents regulating accounting published by governmental and professional organizations in the sphere of accounting (Basic Accounting Theory Regulation (1966); Basic Accounting Concepts and Principles underlying financial statements of the entities (1970); Report of the Committee of Trubland (1973); Corporate Statement. Discussion Paper (1975); Financial regulation concept regulation 2 Qualitative characteristics of accounting information (1980); Conceptual framework for preparation and presentation of financial statements (1989); Accounting concept regulation 3 'Qualitative characteristics of financial information' (1990); Financial accounting principles regulation (1999); Converged conceptual framework - IASB / FASB (2010); Conceptual framework for preparation and submission of financial statements – AASB (2016)), which ensure regulation of qualitative characteristics of accounting information. It determines three main stages of historical development of qualitative characteristics of accounting information concept.

Suggested Citation

  • Tetyana Plakhtiy, 2016. "Historical Analysis of Development of Concept of Qualitative Characteristics of Accounting Information," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 60-68, December.
    • Handle: RePEc:iaf:journl:y:2016:i:4:p:60-68
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    File URL: http://www.afj.org.ua/en/article/428/
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    References listed on IDEAS

    as
    1. Sterling, Rr, 1967. "Statement Of Basic Accounting Theory - Review Article," Journal of Accounting Research, Wiley Blackwell, vol. 5(1), pages 95-112.
    2. Stephen A. Zeff, 2013. "The objectives of financial reporting: a historical survey and analysis," Accounting and Business Research, Taylor & Francis Journals, vol. 43(4), pages 262-327, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    regulation of accounting; international standards; quality of accounting information; qualitative characteristics of financial statements; conceptual framework;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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