Influence of accounting theory on the objective of general purpose financial reporting
DOI:
https://doi.org/10.5007/2175-8069.2022.e79548Keywords:
Adiposity, Anthropometry, Body composition, Body mass index, School children.Abstract
This study analyzes the influence of accounting theory on the objective of general purpose financial reporting. Historical research was carried out based on the primary works produced by the main researchers of accounting theory in the United States of America (USA) and the United Kingdom (UK). Regarding the objective, the 1989 conceptual framework was more influential in the United Kingdom's accounting theory. In turn, the conceptual frameworks of 2010 and 2018 followed the approach of the USA, highlighting investors and creditors as the main users at the expense of the others. In general, it is possible to infer that the conceptual framework closely follows accounting theory, especially the productions of researchers in accounting theory in the USA and the United Kingdom, possibly due to the influence of researchers in the creation of entities, such as AAA, AICPA, and ICAEW, and of the last in IASB policies.
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