Perceptions of Financial Reporting Practices by Accounting Educators: An Empirical Study.

Many recent studies of financial reporting practices have discussed alternative procedures and practices. Few however, have gathered empirical evidence as to perceptions of present or proposed financial reporting practices among those who are concerned with this problem. This paper examines the perceptions of accounting educators as to current accounting problem areas in terms of: (1) the present state of the art; (2) what the state of the art should be; and (3) an assessment of the importance of these problems.