Accounting Theory Class (1st meeting) @ Aug 31, 2009

We start Accounting Theory Lecture today Without any textbook available. No Problem I think.. As Usual, for the 1st meeting, the lecturer will do some Greeting, Introduction. and etc.. @ first an hour, it seems like that.. But, for the other an hour, it doesn't introduction anymore.. We start to talking about the History of Accounting Standard...
What's...??!!
I forgot almost all about Accounting Standard.. O..ow.. It will be bored Class today.. Talking about Accounting Standard withou any textbook or materials.. And we just hear whole explanation from the Lecturer (that I still don't know what's his name..).. Mr. 'Accounting Theory start to explain about the history.. & Compare the Accounting Standard in US, World, and Indonesia.. From IAS, IASB, FASB, US.GAAP, Dewan Standar Ak. Keu, SAK, IFRS and etc. From many explanation that Mr. AT explain to us, I just get point of little about that.. I just know, that "FASB create conceptual network = basic to create accounting standard..." Then, Accounting Standard of US is 100% same with Indonesia's.. Absolutely, Indonesia adopted the US's..

Then, the second topic that I get the point is, Historical Cost = reliable and the other side, Fair value = Relevants...

Final topic, the history of Accounting Standard.. & Mr. TA givee us some diagram of the history..

Homework : Make a presentasion about :
1. The historical of Accounting Standard
2. The conceptual framework..

And my group (consist of Me, Dickky, Diaz, Lintong, Nungki) get the second topic to be presented in front of class next week.. Wish Me Luck for next week.. & Tomorrow too...