A fundamentalist perspective on accounting and implications for accounting research

This paper presents a framework for addressing normative accounting issues for reporting to shareholders. The framework is an alternative to the emerging Conceptual Framework of the International Accounting Standards Board and the Financial Accounting Standards Board. The framework can be broadly characterized as a utilitarian approach to accounting standard setting. It has two main features. First, accounting is linked to valuation models under which shareholders use accounting information to values their stakes. Second, the desirable characteristics of accounting information are inferred from the demand of investors and analysts who use the information in practice. This stands in contrast to the “qualitative characteristics” in the Boards’ Framework which are embraced largely on the basis of their aesthetic appeal. These features lead to a set of broad accounting principles that resolve “recognition” and “measurement” issues at the core of the Boards’ Conceptual Framework and also the central issue of a balance sheet approach versus an income statement approach. The framework in the paper also frames the research questions for researchers interested in accounting policy.     

Using qualitative types of risk assessments in conjunction with FRAM to strengthen the resilience of systems

Abstract

In this paper, we look into how some qualitative types of risk assessments can be used in conjunction with functional resonance analysis method (FRAM) to strengthen the resilience of systems. In FRAM, variation in relation to meeting specified functions is central, but risk and uncertainty considerations are not an integral part. We suggest to add to FRAM an assessment of the modelling choices and judgements using strength of knowledge considerations and a qualitative sensitivity analysis. In this way, an improved basis for assessing and strengthening system resilience with FRAM is established. We illustrate the idea with a simple example from the oil and gas industry.     

FM24CL04在ZLT-S1型脱扣器动作一致测试仪中的应用

介绍了FM24CL04的性能、特点以及数据传输和结构,提出了一种用51系列单片机的C语言(C51)模拟与FM24CL04通信的软件方法,给出了在ZLT-S1型脱扣器动作一致测试仪中具体实现的C语言函数。