In an article for the International Journal of Accounting, Auditing, and Performance Evaluation, the scholars' Axel Haller
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In an article for the International Journal of Accounting, Auditing, and Performance Evaluation, the scholars' Axel Haller and Maria Scholssgang maintained that:
"According to the Framework of the IASB, profit is a frequently used measure of an entity's performance. Yet in developing its standards, the IASB has not paid much attention to the presentation of profit but primarily concentrated on recognition and measurement requirements. As a consequence, the International (Accounting) Financial Reporting Standards (IAS/IFRS) do not provide a sound conceptual basis for the presentation of income and expenses.”
Do you agree or disagree with their assessment? Why?
Related Book For
Elementary Statistics
ISBN: 978-0538733502
11th edition
Authors: Robert R. Johnson, Patricia J. Kuby
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