Regards and Views to Accounting Standards-Setting

International Journal of Economics, Business and Finance, Vol. 1, No. 4, p. 71, May 2013

9 Pages Posted: 30 Jun 2013

See all articles by Claudio Sottoriva

Claudio Sottoriva

Università Cattolica del S. Cuore di Milano - Dipartimento di Scienze dell'Econonomia e della Gestione Aziendale

Akbar Javadian Kootanaee

Islamic Azad University (IAU) - Faculty of Management & Accounting

Shahab Kootanaee

University of Mysore

Zahra Solehboni

University of Mysore

K. Nagendra Babu

University of Mysore

Date Written: May 1, 2013

Abstract

Considering that the lacks which exist in market system, we should understand necessity of existing of standard which in this among can accept the responsibility of standard-settings as a suitable choice. In set and execution of standard, we must consider a scientific viewpoint and a syllogistic approach. On the other hand, the set of accounting standards include important economic results and with their set, some group profit and some other group loss. As result process of standard-setting is affected political aspects and beneficiary individuals attempt to apply their view like government, investors and managers effectively and get many profits for themselves.

Careless to desire to beneficiary groups can be an obstacle for execution standards. So, the best strategy for standard-setting, Regulatory Approach and give independence to job and or an important role in it. In discussion for execution of standard, there is two complete methods which one of them is Principles-Based and another one is base on rules, determine region of view rather than a set of standards. These two methods play a key role in explanation of professional mediation rate in exception of standards and their public or private.

Keywords: Market Method and Regulatory Approach, political-additional viewpoint, theoretical-Scientific Viewpoint, strategies for standard-setting, method Principles-Based and regulations

Suggested Citation

Sottoriva, Claudio and Javadian Kootanaee, Akbar and Kootanaee, Shahab and Solehboni, Zahra and Babu, K. Nagendra, Regards and Views to Accounting Standards-Setting (May 1, 2013). International Journal of Economics, Business and Finance, Vol. 1, No. 4, p. 71, May 2013, Available at SSRN: https://ssrn.com/abstract=2286959

Claudio Sottoriva

Università Cattolica del S. Cuore di Milano - Dipartimento di Scienze dell'Econonomia e della Gestione Aziendale ( email )

Largo Gemelli, 1
Via Necchi 9
Milan, MI 20123
Italy

HOME PAGE: http://www.unicatt.it

Akbar Javadian Kootanaee (Contact Author)

Islamic Azad University (IAU) - Faculty of Management & Accounting ( email )

Tehran
Iran

Shahab Kootanaee

University of Mysore ( email )

Mysore
Karnataka
Manasagangotri, Karnataka 570006
India

Zahra Solehboni

University of Mysore ( email )

Mysore
Karnataka
Manasagangotri, Karnataka 570006
India

K. Nagendra Babu

University of Mysore ( email )

Mysore
India

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