Construction of the Conceptual Framework for Financial Accounting

摘要

This paper is mainly aimed at the fundamental defect In IASC and FASB Conceptual Framework of Financial Accounting (CFFA), with new thought of the conceptual framework for financial accounting brought forward (i.e.: respective construction of conceptual framework for financial statement and other financial report systems); reflecting the transactions or affairs that have occurred in financial statement, taking exchange price (mainly refers to the history cost) as the measurement of the financial statement, building the profit index on “realized” basis, and using profit and overall yield to represent the operating results in the financial statements; showing current market price (including floating profit and loss) information and forecast information in other financial reports. This new thought, compared with the way popular abroad of “integrating” information of the finished transactions or affairs and current market price into financial statement, has an advantage over improvement of accountability and usefulness of decision of financial accounting evaluation.