Publication Date

1-1-1991

Document Type

Dissertation/Thesis

First Advisor

Delaney, Patrick R.

Degree Name

B.A. (Bachelor of Arts)

Department

Department of Accountancy

Abstract

The work contains analyses and evaluation of the FASB's Project on Financial Instruments. Emphasis is placed on the disclosure, as well as the recognition and measurement phases of the long term project. Each section of the long-term project is evaluated on a cost-benefit approach. In particular, the advantages of the FASB's "building block" approach to recognition and measurement are compared to its disadvantages. Problems concerning the implementation of the FASB's proposed solution are all discussed. The role of the Emerging Issues Task Force in dealing with financial instrument is also examined.

Extent

15 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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