reporting standard
1.In chapter two, from the publication of SFAC2 as a token of FASB model to the recommendations about improving business reporting presented by Jenkins committee which was affricated to AICPA in 1994, we can put forth the course of constructing and perfecting financial reporting quality assessing standard system under FASB model.
5.New accounting standard has six innovations: Integrating the theory of "decision availability" with "accountability theory"; confirming the accrual basic as one basic assumption of financial accounting; reporting the gain and loss on financial statement element firstly; regulating the characters of accounting measure comprehensively and systemically; conceiving basic standards on the basis of accounting assumption, accounting goal and objective.
