Financial accounting theory
Author(s)
Bibliographic Information
Financial accounting theory
McGraw Hill Australia, c2000
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Note
Description based on: 2004 printing
Includes bibliographical references and index
Description and Table of Contents
Description
"Financial Accounting Theory" provides a balanced, critical discussion of different theories of financial accounting and is specifically written for third year accounting theory undergraduate and postgraduate courses. Presented in a logical sequence (refer to the diagrammatic overview of "Financial Accounting Theory"), this text begins with an overview of the various financial reporting decisions that entities typically face, and outlining regulated and unregulated reporting then evaluates and provides arguments for and against this regulation. Normative (prescriptive) theories are overviewed, international harmonisation of accounting is explored, and the development of new systems of accounting are considered along with how individuals and capital markets react to various corporate disclosures.This book concludes with an overview of various critical perspectives of accounting.
Particular emphasis is given to: generating awareness that students & professionals should critically evaluate theories before accepting them; building an understanding of how theories are developed as a result of applying various value judgements; the role of issues such as culture and how cultural differences have typically been proposed as a reason to explain differences in accounting requirements; and, the political process involved in the setting of accounting standards. As it is divided into 12 chapters this text provides an ideal foundation for the average one semester unit that investigates financial accounting theory. Because it provides a balanced perspective of alternative and sometimes conflicting theories of financial accounting, it also provides a sound basis for readers contemplating further research and develops habits of analytical reasoning and critical thinking.
Table of Contents
1. Introduction to financial accounting theory
2. The financial reporting environment
3. The regulation of financial accounting
4. Normative theories of accounting - the case of accounting for changing prices
5. Normative theories of accounting - the case of conceptual framework projects
6. International accounting and the effects of cultural differences and harmonisation efforts
7. International accounting and the effects
8. Unregulated financial reporting decisions: Considerations of systems oriented theories
9. New systems of accounting - incorporation of social and environmental factors within external reporting
10. Reactions of capital markets to financial reporting
11. Reactions of individuals to financial reporting: An examination of behavioural research
12. Critical perspectives of accounting
Index
by "Nielsen BookData"
