Αυτό paperformalizesatwo-steprepresentationofaccountingmeasurementandusesitνα formalizeageneralrationaleforconservatismasameasurementprinciple.Atransac-tion'seconomicsubstancemanifestsitselfincharacteristicsofthetransaction, και διοικητικό περιβάλλον πουaccountingruleisamappingfromtransactioncharacteristicstoanaccountingreport.Managerswhohavestakesintheaccountingreportareabletoinfluencetransactionχαρακτηριστικά.Suchearningsmanagementisexpostrationalformanagersbutexanteαναποτελεσματική.Tosafeguardagainstsuchexpostopportunism, theoptimalexanteaccount-σης ruleisconservativeinthesensethatitrequiresmoreverificationofthetransactioncharacteristicsfavorabletomanagers.Έτσι, thisrationaleforconservatismisasgeneralως themanagers'abilityandincentivetoinflatetransactioncharacteristics.Byopeningη blackboxofaccountingmeasurement, η δύο-steprepresentationalsoformalizesκάποια classicaccountingconcepts, suchasrelevance, αξιοπιστία, επαληθευσιμότητα, επαλήθευσης,και λογιστικά-motivatedtransactions.&
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