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The Ethics-Based Conceptual Framework for Accounting and Financial Reporting

    Authors

    • Abdolmajid Sarmadinia 1
    • Alireza Pourgoudarzi 2

    1 Department of Accounting, School of Economics, Management & Social Sciences, Shiraz University, Shiraz, Iran

    2 Accounting Deparetment of Shiraz University

,

Document Type : Research Paper

10.30479/jfak.2020.10286.2442
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Abstract

Purpose:Current conceptual framework used by standardizing institutions focuses on some of a few groups of users. This means that social issues and ethical values come forward are considered in less. Therefore, attention to the desired effect of ethical values on accounting and financial reporting is considered necessary.Thus, the goal of this research is to present an accounting and financial reporting conceptual framework based on ethical values.
Method: In order to do this, verified texts in Ethics and financial reporting context were explored by using content analysis and critical-analytical approach. Moreover, deductive reasoning method utilized to exclude intended conceptual framework.
Results:Research findings led toa conceptual framework focuses on transparency role of financial reporting and formed in order to Justice, Truth, Fairness, Honesty, Trust and Stewardship.
Conclusions: The results of the research indicate that the foundation of ethical values in accounting and financial reporting can lead to the main role of accounting, transparency.
Contribution: The findings can provide insight into the field of accounting so that the ethical values be the basis of accounting and financial reporting.
 

Keywords

  • Accounting Theory
  • Conceptual Framework
  • Ethics
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References
References
1.Audi, R. (1999). The Cambridge Dictionary of Philosophy (2nd Edition). New York: Cambridge University Press.
2.Bahrampour, A. (2012). Interpretation of Explainer One-volume. Qom: Avay Quran. (in Persian)
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7.Financial Accounting Standards Board (FASB) Statement of Financial Accounting Concepts No. 8. (2010). Conceptual Framework for Financial Reporting, available at: http://www.fasb.org/jsp/FASB/Page/PreCodSectionPage&cid=1176156317989.
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9.Ijiri, Y. (2003). On the accountability-based conceptual framework of accounting. (Translated: Jafar Babajani and Amir Pooryanasab). Empirical Studies in Financial Accounting, 1(3): 155-171. (in Persian)
10.  International Accounting Standards Board (2015). Exposure Draft Conceptual Framework for Financial Reporting, available at: http://www.ifrs.org/search/?query=Conceptual+Framework.
11.  Khajavi, S., & Mansouri, S. (2012). Fairness and its position in the financial accountability system. Accounting and Auditing Studies, 1(2): 1-13. (in Persian)
12.  Kreeft, P. (2003). Ethics: A History of Moral Thought. Recorded Books, LLC.
13.  Krippendorff, K. (2004). Content Analysis: An Introduction to its Methodology. Thousand Oaks, California: Sage Publications, Inc.
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19.  Weber, R. P. (1990). Basic Content Analysis (2nd Edition). Newbury Park, California: Sage Publications, Inc.
 
 
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Financial Accounting Knowledge
Volume 7, Issue 1 - Serial Number 24
May 2020
Pages 25-44
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How to cite
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Statistics
  • Article View: 1,685
  • PDF Download: 1,393

APA

Sarmadinia, A. and Pourgoudarzi, A. (2020). The Ethics-Based Conceptual Framework for Accounting and Financial Reporting. Financial Accounting Knowledge, 7(1), 25-44. doi: 10.30479/jfak.2020.10286.2442

MLA

Sarmadinia, A. , and Pourgoudarzi, A. . "The Ethics-Based Conceptual Framework for Accounting and Financial Reporting", Financial Accounting Knowledge, 7, 1, 2020, 25-44. doi: 10.30479/jfak.2020.10286.2442

HARVARD

Sarmadinia, A., Pourgoudarzi, A. (2020). 'The Ethics-Based Conceptual Framework for Accounting and Financial Reporting', Financial Accounting Knowledge, 7(1), pp. 25-44. doi: 10.30479/jfak.2020.10286.2442

CHICAGO

A. Sarmadinia and A. Pourgoudarzi, "The Ethics-Based Conceptual Framework for Accounting and Financial Reporting," Financial Accounting Knowledge, 7 1 (2020): 25-44, doi: 10.30479/jfak.2020.10286.2442

VANCOUVER

Sarmadinia, A., Pourgoudarzi, A. The Ethics-Based Conceptual Framework for Accounting and Financial Reporting. Financial Accounting Knowledge, 2020; 7(1): 25-44. doi: 10.30479/jfak.2020.10286.2442

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