外文翻译--固定框架：相关性和可靠性.docVIP

本科毕业论文（设计） 外 文 翻 译 外文题目 Fixing the Framework：Relevance and Reliability 外文出处 Accounting Today; 1/24/2005, Vol. 19 Issue 2, P14-17, 3p 外文作者 Bahnson, Paul R. 原文： Fixing the framework: Relevance and reliability We have been writing about the Financial Accounting Standards Board’s Conceptual Framework, offering suggestions to the board as it fixes up the framework some 20 years after it was produced. So far, we have looked at the overall goal of standard setting, the objective for financial reporting, the relevance of the future cash flows to the reporting entity, and the role played by the entity’s assets and liabilities through their ability to affect the amount, timing and uncertainty of those cash flows. We are persuaded that this ability, which we call “AAATUC” for convenience, is the elusive relevant attribute that escaped the grasp of accounting theorists for decades. This column addresses relevance and reliability, the two key qualities of information that make it useful for decisions. By and large, the framework explains them well, thanks to the work of two departed scholars: Dr. David Solomons, of the University of Pennsylyania, and Dr. Reed Storey, who served many years on FASB’s staff. We believe that the board should produce a more helpful explanation of these qualities because we find that they are not fully understood. It seems that most folks still rely on their vernacular meanings, instead of the more rigorous and precise definitions in SFAC 2. We also think that the board should amend its discussion of the relationship between relevance and reliability, specifically the idea that tradeoffs can take place between them. Finally, we again encourage FASB to boldly and decisively identify AAATUC as the relevant attribute of assets and liabilities. Doing so would open the door to improving not just the framework but also general