Accounting for Initial Franchise Fee Revenue: When a Journal Article in 1970 Constituted GAAP in the Eyes of the SEC

Research in Accounting Regulation, 2012

10 Pages Posted: 23 Dec 2011

See all articles by Stephen A. Zeff

Stephen A. Zeff

Rice University - Jesse H. Jones Graduate School of Business

Date Written: December 21, 2011

Abstract

This article reports on an instance in 1969/70 when the leaders of the accounting profession orchestrated the drafting and publication of an article in the Journal of Accountancy, which was understood as having the force of an APB Opinion.

Keywords: Accounting Principles Board, standard setting, franchise accounting

JEL Classification: M41

Suggested Citation

Zeff, Stephen A., Accounting for Initial Franchise Fee Revenue: When a Journal Article in 1970 Constituted GAAP in the Eyes of the SEC (December 21, 2011). Research in Accounting Regulation, 2012, Available at SSRN: https://ssrn.com/abstract=1975409

Stephen A. Zeff (Contact Author)

Rice University - Jesse H. Jones Graduate School of Business ( email )

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