Title:	A Statement of Accounting Concepts for Level 1 of the Conceptual Framework?
Authors:	JOHN STAUNTON
Keywords:	Accounting, species; Concepts
Issue Date:	2003
Description:	This article argues that distinct, though related, frameworks at particular levels are required. The mingling of conventional accounting with financial and economic ideas and issues is evident in the conceptual framework (CF) project where there is reference to economic benefits and costs in making economic decisions for the allocation of resources. This results in a misconception of the function of these distinct types of information. An unraveling of particular issues will require a Statement of Accounting Concepts (SAC) for Level 1 of the CF.
URI:	http://196.189.45.87:8080/handle/123456789/104422
Appears in Collections:	Accounting and Finance

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