{"id":1438,"date":"2017-12-27T16:31:12","date_gmt":"2017-12-27T15:31:12","guid":{"rendered":"https:\/\/frjournal.eu\/journal\/?p=1438"},"modified":"2017-12-29T17:40:36","modified_gmt":"2017-12-29T16:40:36","slug":"dialogue-with-standard-setters-the-conceptual-framework-for-financial-reporting-and-accounting-studies-for-capital-market","status":"publish","type":"post","link":"https:\/\/frjournal.eu\/journal\/2017\/12\/27\/dialogue-with-standard-setters-the-conceptual-framework-for-financial-reporting-and-accounting-studies-for-capital-market\/","title":{"rendered":"Dialogue with standard setters. The conceptual framework for Financial Reporting and Accounting Studies for Capital Market"},"content":{"rendered":"<p>Azzali Stefano\/\u00a0<a href=\"http:\/\/www.sidrea.it\/category\/riviste\/financial-reporting\/\">Financial Reporting<\/a>,\u00a0<a href=\"http:\/\/www.sidrea.it\/category\/riviste\/\">Riviste<\/a>\u00a0\/\u00a0Fascicolo: 4-2012<\/p>\n<hr \/>\n<p>The International Accounting Standard Board (IASB) and the Financial Accounting Standard Board (FASB) in October 2004 decided to add to their agendas a joint project to develop a common conceptual framework, based on both the existing IASB Framework and the FASB Conceptual Framework. The joint project IASB \u2013 FASB related to the Conceptual Framework (CF) for Financial Reporting (FR), that include 8 Phases (Phase A: Objectives and qualitative characteristics; Phase B: Elements and recognition; Phase C:\u00a0Measurement; Phase D: Reporting entity; Phase E: Presentation and disclosure; Phase F: Purpose and status; Phase G: Application to non-profit entities; Phase H: Remaining issues) in 2010 produced a first document on the objectives and qualitative characteristics (Phase A). Following this document, the IASB published a new version of its CF composed of 4 chapters (1 \u2013 The objective of general purpose financial reporting; 2 \u2013 The reporting entity; 3 \u2013 Qualitative characteristics of useful financial information; 4 \u2013 The Framework (1989): the remaining text):as Chapter 2 is not approved and Chapter 4 is the same of the previous version of CF, the paper briefly show the new objective (Chapter 1) and qualitative Characteristics (Chapter 3) of FR and also propose a link between the CF and the classification of Accounting Studies for the Capital Market. In September 2012, IASB and FASB recommended to focus the project on elements of financial statements, measurement, reporting entity, presentation and disclosure and to propose a single discussion paper covering all the areas, rather than separate discussion papers for each area. [\u2026]\n<hr \/>\n<div class=\"fusion-button-wrapper fusion-aligncenter\"><style type=\"text\/css\" scoped=\"scoped\">.fusion-button.button-1 .fusion-button-text, .fusion-button.button-1 i {color:#ffffff;}.fusion-button.button-1 {border-width:0px;border-color:#ffffff;}.fusion-button.button-1 .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-1:hover .fusion-button-text, .fusion-button.button-1:hover i,.fusion-button.button-1:focus .fusion-button-text, .fusion-button.button-1:focus i,.fusion-button.button-1:active .fusion-button-text, .fusion-button.button-1:active{color:#ffffff;}.fusion-button.button-1:hover, .fusion-button.button-1:focus, .fusion-button.button-1:active{border-width:0px;border-color:#ffffff;}.fusion-button.button-1:hover .fusion-button-icon-divider, .fusion-button.button-1:hover .fusion-button-icon-divider, .fusion-button.button-1:active .fusion-button-icon-divider{border-color:#ffffff;}.fusion-button.button-1{width:auto;}<\/style><a class=\"fusion-button button-flat fusion-button-round button-large button-default button-1\" target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\/\/www.francoangeli.it\/riviste\/Scheda_Rivista.aspx?IDArticolo=47868&amp;Tipo=Articolo%20PDF&amp;lingua=it&amp;idRivista=163\"><span class=\"fusion-button-text\">Read Article<\/span><\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Azzali Stefano\/\u00a0Financial Reporting,\u00a0Riviste\u00a0\/\u00a0Fascicolo: 4-2012 The International Accounting Standard Board (IASB) and the Financial Accounting Standard Board (FASB) in October 2004 decided to add to their agendas a joint project to develop a common conceptual framework, based on both the existing IASB Framework and the FASB Conceptual Framework. The joint project IASB \u2013 FASB related to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"quote","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[30,1],"tags":[],"class_list":["post-1438","post","type-post","status-publish","format-quote","hentry","category-browse-the-journal","category-financial-reporting","post_format-post-format-quote"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dialogue with standard setters. 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