The Clute Institute
Journal of Business & Economics Research
The purpose of this study was to obtain the opinions of future users of the financial statements: current undergraduate and graduate students in accounting and academia. We found that the students show greater agreement with the proposed model than do the CPA’s. In addition, we found that academia, as represented by the Financial Accounting Standards Committee of the American Accounting Association has a number of concerns regarding timing, user learning issues and impediments to learning, objectives and terminology and categorizing activities and assets and liabilities.
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Giacomino, Don E. and Akers, Michael D., "Proposed Financial Statement Changes: Reactions To The FASB-IASB Discussion Paper" (2010). Accounting Faculty Research and Publications. 105.