Loyd C. Heath on Accounting Literature.
评论了美国财务会计准则委员会（FASB）的概念框架项目，指出其两大目标：为准则制定者提供指南，以及帮助他人理解财务报告过程。作者认为概念框架冗长难读，但改善了FASB与相关方的沟通。
Abstract This article presents a commentary on the Financial Accounting Standards Board's (FASB) Conceptual Framework project. At least two broad objectives of the FASB's Conceptual Framework project can be identified: to further the development of future accounting standards by providing standard setters themselves with what has been called a guide or constitution for financial reporting, and to help others better understand the process of financial reporting. The first of these might be called its developmental role; the second its educational role. According to the author, reading the Conceptual Framework is a formidable and arduous task. It is long, it is verbose, and it is poorly organized. It consists of five statements of financial accounting concepts or 633 numbered paragraphs. However, the Conceptual Framework has improved communication between the FASB and its constituents. Many of those who comment on exposure drafts, discussion memorandums, and so forth, now couch their arguments in terms of the concepts and terms discussed in the Framework.