Guidelines for Financial Reporting Standards
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Foreword to the Garland EditionPreface to the First EditionAcknowledgments1Introduction32The purposes of financial reporting133Financial statements and their elements214The qualitative characteristics of accounting information415Recognition and measurement576The choice of a general purpose accounting model65AppendixIllustrative material on recognition and measurement81Glossary91Commentary: Criteria for choosing an accounting model99References116
\ BooknewsSolomon's guidelines<-->first presented in 1989<--> achieved the unusual feat of bringing out of the closet of academic journals the need for accounting standards and impacting official policy in the UK with his conceptual framework. Against the historical macro-level backdrop of Britain's Accounting Standards Committee and the evolved canon of GAAP (generally accepted accounting principles), the author (for whom background information is frustratingly absent) presents the gamut of micro-level financial reporting issues: the purposes, statement elements, qualitative characteristics, recognition and measurement, and criteria for the crucial choice of a general purpose accounting model. No index. Annotation c. by Book News, Inc., Portland, Or.\ \
