Article Title
Other Form of Name
Flegm, Eugene H., 1929-; Duke, Pamela J.
Publication Date
Spring 1990
Abstract
Expressing a growing concern about the proliferation of accounting pronouncements issued by the Financial Accounting Standards Board (FASB) and the trend these pronouncements appear to be taking toward a more theoretical viewpoint, Gene Flegm was particularly critical of FAS Statements 94, 95, and 96. These deal with consolidation of majority-owned subsidiaries, statement of cash flows, and accounting for income taxes. While intended to correct accounting abuses, in his opinion these statements not only fail in their intent, but actually create opportunities for abuse by complicating an already complex reporting system and do nothing to increase the reliability of accounting information.
Recommended Citation
Flegm, Eugene H. and Duke, Pamela J.
(1990)
"Concerns and the profession of accountancy,"
Accounting Historians Notebook: Vol. 13
:
No.
1
, Article 8.
Available at:
https://egrove.olemiss.edu/aah_notebook/vol13/iss1/8