Response to the Special Report of the G4+1, “Reporting Financial Performance: A Proposed Approach”

Abstract

The Financial Accounting Standards Committee of the American Accounting Association (hereinafter, the Committee) is charged with responding to requests for input from standard setters on issues related to financial reporting. The Committee is pleased to respond to the invitation to comment on the Special Report of the G4+1 (hereinafter, the “Group”), “Reporting Financial Performance: A Proposed Approach” (hereinafter, the “special report”). The comments in this letter are based in part on the Committee's review of academic research. The opinions reflect the views of the individuals on the committee and not those of the American Accounting Association.