Controversy in the Finance Field Research Proposal

Controversy in the Finance Field - Research scheme ExampleThe subject is crucial in todays environment because individuals need to comprehend the disposition of financial statements, and the presentation of such information. Individuals who understand the nature of financial statements yell that alternative methods of accounting may diminish the integrity of financial statements. When ones accounting approach is questioned by the FASB, it becomes hectic. Some claim that the comparability of financial statements may be undermined, hence their usefulness may be eroded.It would be next to impossible for analysts to forecast future earnings if the FASB continues to channelise the methods and techniques in financial documenting. The introduction of an accounting standard may lead to unpredictable fluctuations that were not expected in the reported earnings. Accounting students may as well as have a difficult task when learning about accounting. If one takes the time to understand one standard, and the board changes it, later on, there might be problems if one was to take an exam based on the same. The debate and sides of the debateThe debate is whether the FASB should be allowed to come up with standards every time they see fit. It is romantic to have individuals get used to one standard, and when they do, there is a change in the same effect. The sides involved fell between those that agreed with the standards and those that were resistant to the changes. However, it is the opinion of many that any change that is met with resistance and later imposed, will likely lead to improvement.