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March 18, 2026The Accounting Review

The Possibility of Partial Accounting Standards.

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Authors

MBMichael BromwichLondon School of Economics and Political Science

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Implication

This article examines the effectiveness of partial accounting standards in improving information systems, suggesting implications for standards setters.

Key Points

  • The aim is to explore conditions under which partial accounting standards can optimize individual information systems, focusing on utility functions.
  • Identified the approach of reducing permissible accounting treatments for specific problems.
  • Analyzed conditions necessary for successful partial standards.
  • Investigated interdependence among accounting standards.
  • Determined that successful implementation of partial standards requires restrictive conditions on utility functions.
  • Found that considering interdependence is crucial for effective accounting standards.
  • Highlighted potential benefits of separable utility functions in addressing non-comparability of information.

Cite This Study

Michael Bromwich (1980) studied this question.

synapsesocial.com/papers/69ba42dc4e9516ffd37a38f0https://doi.org/10.2308/tar-4498667
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1The General Impossibility of Normative Accounting Standards.1973 · 6 citations
  2. 2On the Possibility of Optimal Accounting Principles: A Restatement.1981
  3. 3On the Possibility of Optimal Accounting Principles.1977
  4. 4The Possibility of a Normative Accounting Standard.1976
  5. 5CURRENT PROBLEMS AND ACCOUNTING THEORY.1944