TY  - BOOK
AU  - Barker,Richard
AU  - McGeachin,Anne
TI  - Why is there inconsistency in accounting for liabilities in IFRS?: an analysis of recognition, measurement, estimation and conservatism
SN  - 00014788
AV  - HD30.4 ACC 
PY  - 2013///
CY  - Abingdon
PB  - Routledge
KW  - Conceptual framework
KW  - Liabilities
KW  - Accounting
N2  - We report that International Financial Reporting Standards (IFRS) are inconsistent with respect to the recognition and measurement of liabilities, both in the conceptual framework for financial reporting and in accounting standards themselves. We demonstrate that this arises in part because the International Accounting Standards Board (IASB) does not make a conceptual distinction between the process of measurement, which requires a currently observable measurement attribute, and the process of estimation, which is inherently subjective. The IASB employs only the logic and language of measurement, while actually requiring entities to report both measurements and estimates in financial statements. Our contribution is to identify and interpret this conceptual conflict, to demonstrate that this has particular relevance to accounting for liabilities, and to draw implications for accounting research and policy with respect to recognition, measurement and conservatism
UR  - https://doi.org/10.1080/00014788.2013.834811
ER  -