Controversy in the Finance Field Research Proposal

Controversy in the Finance Field - Research Proposal ExampleThe subject is significant in todays environment because individuals need to comprehend the nature of pecuniary statements, and the presentation of such information. Individuals who understand the nature of financial statements claim that alternative methods of accounting whitethorn diminish the integrity of financial statements. When ones accounting approach is questioned by the FASB, it becomes hectic. Some claim that the comparability of financial statements may be undermined, hence their usefulness may be eroded.It would be next to impossible for analysts to forecast prox earnings if the FASB continues to change the methods and techniques in financial documenting. The introduction of an accounting standard may sensation to aleatory fluctuations that were not expected in the reported earnings. Accounting students may also have a unenviable task when learning about accounting. If one takes the time to understand one standard, and the board changes it, later on, in that respect might be problems if one was to take an exam based on the same. The contest and sides of the debateThe debate is whether the FASB should be allowed to come up with standards every time they see fit. It is impractical to have individuals get use to one standard, and when they do, there is a change in the same effect. The sides involved fell between those that concur with the standards and those that were resistant to the changes. However, it is the belief of many that any change that is met with resistance and later imposed, will likely lead to improvement.