MOLINA SÁNCHEZ, HORACIO, Pereda J.T.
No
Rev. Esp. Financ. Contab.
Article
Científica
4
3
0.163
0.176
01/01/2010
2-s2.0-78449308528
The election of the accounting regulation model (a principle-based model or an objectivebased instead of a rules-based model) is one of the issues that is tackled in the international accounting harmmonization process because FASB's model is rule-based but IASB's model is principle-based. Empirical evidence from this paper shows that a concrete accounting regulation improves the logical consistency and fills up the lacks of regulation, having a lower influence for supporting the estimations. Between the reasons for supporting a principle-based or a rule-based attitude we find the search for legal certainty. Copyright ©2001 Asociación Española de Contabilidad y Administración de Empresas.
Accounting principles; Accounting regulation; True and fair view