Summary
Accounting Standards: True or False?, by R. Anthony Rayman, is reviewed.
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Extract
Accounting Standards: True or False?
Accounting Standards: true or false? R. Anthony Rayman. London: Routledge, 2006. x + 23pp. £19.99.
In this book, Anthony Rayman seeks to show that: (a) financial accounting standard-setters are barking up the wrong tree in their attempts to lay down accounting standards that are conducive to presenting a 'true and fair view' based on the conventional financial accounting model; and (b) a model based on the 'separation of funds and value' (i.e. of a statement of ex post funds flows and a statement showing an ex ante 'planned investment rate') provides the only way via the latter statement of presentin...See the full content of this document
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