A framework with a French flavour

Article Abstract:

France has embarked on a project to develop a conceptual framework for accounting that differs significantly from the Anglo-Saxon model. The departure from the standard US model was prompted by the dissatisfaction of French accountants with the Financial Accounting Standards Board's decision-usefulness approach. They claim that the American framework has a very narrow perspective of the purpose of accounting that is not universally applicable. One of the major differences between the US and French frameworks is the departure of the French draft from a user orientation in favor of a focus on the measurement of the degree to which the companies achieve their primary goal of wealth creation. Another important difference is the primacy of the profit and loss account over assets and liabilities in the French model. Unfortunately, this framework has serious flaws that may undermine its applicability in practice. These weaknesses are discussed.

Models, France, Accounting and auditing, Accounting

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A conversation with Enid Mumford

Article Abstract:

Enid Mumford has a degree in social sciences and became a council member of the Tavistock Institute of Human Relations in 1993. Despite retiring from organisational research in 1990, Mumford is Emeritus Professor at Manchester University and a Visiting Research Fellow at Manchester Business School. She has a special interest in business process re-engineering.

Interview, Business consultants, Management consultants, Mumford, Enid

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The D.A.'s husband trouble

Article Abstract:

Westchester County, NY, District Attorney Jeanine Pirro considered running for the US Senate, but her husband Al Pirro was indicted on tax fraud which effectively stopped her candidacy, to the chagrin of the Republican Party. Al Pirro also had a child with another woman, and Mrs. Pirro is not certain what the future will hold.

United States, Political activity, Political aspects, New York, Public prosecutors, Pirro, Jeanine

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