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Journals / GSU Managerial and Social Sciences Letters / 2023 / Cilt: 1 Sayı: 2

Perspectives on the Role and the Necessity of Accounting Regulations: Theories Revisited

Banu DİNCER
Pages
115–124
Publication Date
2023-09-25
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This article aims to emphasize the role and the evolution of the accounting environment in shaping the regulations of financial reports and to underline the link between the latter and the theories of regulation.

📌 3 Key Takeaways

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Objective & Hypothesis:Regulation of financial reporting must be well balanced since many transfers of funds and therefore wealth occur as a result of corporate reports.
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Key Findings & Data:They respond to the needs of stakeholders and serve as a guide in their decision-making, which causes economic and social effects.
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Conclusion & Impact:This article aims to emphasize the role and the evolution of the accounting environment in shaping the regulations of financial reports and to underline the link between the latter and the theories of regulation.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Accounting Regulations · Public Interest Theory · Capture Theory

Abstract

Regulation of financial reporting must be well balanced since many transfers of funds and therefore wealth occur as a result of corporate reports. They respond to the needs of stakeholders and serve as a guide in their decision-making, which causes economic and social effects. Since the process of financial accounting provides information to external parties and the organization that otherwise would not have this information, which is used as the basis for many decisions, it is generally accepted that it is necessary to regulate the practice of financial accounting. This article aims to emphasize the role and the evolution of the accounting environment in shaping the regulations of financial reports and to underline the link between the latter and the theories of regulation.

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Cite This Article

DİNCER, B. (2023). Perspectives on the Role and the Necessity of Accounting Regulations: Theories Revisited. GSU Managerial and Social Sciences Letters, Cilt: 1 Sayı: 2, 115–124. https://ajindex.com/articles/977115

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References (8)

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