Tracing the Development of a Conceptual Framework of Accounting a Western European and North American Linkage: A Partial Examination

Salvary, Stanley C.W.

doi:10.2139/ssrn.687984

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Tracing the Development of a Conceptual Framework of Accounting a Western European and North American Linkage: A Partial Examination

Academy of Accounting Historians Working Paper No. 40

36 Pages Posted: 15 Apr 2005

See all articles by Stanley C.W. Salvary

Stanley C.W. Salvary

Canisius College - Department of Accounting

Date Written: 1979

Abstract

Given the call for the development of an accounting conceptual framework, this paper rejects the need for such an undertaking. Using a historical methodology this paper traces the existence of an accounting conceptual framework that painstakingly has been established over the centuries. The paper maintains that the existing need is to fine tune the exisiting framework.

Keywords: A Classical Model of Accounting, measurement and communication processes, stock-jobbing of companies' shares, 'Bubble Act', environmental stimulus, feudal system, venture accounting, 'economic capital maintenance', creditors' protection, Joint Stock Companies, conservatism, corporate capitalism

JEL Classification: M41, D51, K20, M1

Suggested Citation: Suggested Citation

Salvary, Stanley C.W., Tracing the Development of a Conceptual Framework of Accounting a Western European and North American Linkage: A Partial Examination (1979). Academy of Accounting Historians Working Paper No. 40, Available at SSRN: https://ssrn.com/abstract=687984 or http://dx.doi.org/10.2139/ssrn.687984