Bankers Perceptions Of Accounting Principles: Some Implications For The Small Business

Abstract

This study examines perceptions of bankers regarding the usefulness of generally accepted accounting principles for small businesses financial statements. Perceptions were obtained regarding four accounting standards that have been criticized as being unnecessarily costly for smaller businesses. Although results were somewhat mixed, support was given to prior research that has suggested bankers would accept financial information prepared from a less costly non-GAAP basis for some small businesses.