Financial accounting theory and analysis : text and cases

著者

• Schroeder, Richard G.
• Clark, Myrtle
• Cathey, Jack M.

書誌事項

Financial accounting theory and analysis : text and cases

Richard G. Schroeder, Myrtle W. Clark, Jack M. Cathey

Wiley, c2020

13th ed.

• : pbk

注記

Includes index

内容説明・目次

内容説明

Financial Accounting Theory and Analysis: Text and Cases, 13th Edition illustrates how accounting standards impact the daily decisions of accounting professionals. This authoritative textbook shows how accounting theory explains why particular companies select certain accounting methods over others, and predicts the attributes of firms by analyzing their accounting methods. The text examines empirical research relevant to various theories of accounting and the uses of accounting information, including the fundamental analysis model, the efficient markets hypothesis, the behavioral finance model, the positive accounting theory model, the human information processing model, and the value creation model. Enabling students to develop an informed perspective on accounting theory, the text reviews the development and current state of accounting theory and summarizes current disclosure requirements for various financial statement items. The new edition has been fully revised to reflect current methods of accounting education, including the incorporation of ethics into the curriculum, the analysis of a company's quality of earnings and sustainable income, the use of the internet as a source of information, the international dimensions of accounting, and more. Designed for undergraduate and graduate accounting majors, the text aligns with the latest curriculum changes in the CPA exam.

目次

Preface v 1 The Development of Accounting Theory 1 The Early History of Accounting 2 Accounting in the United States Since 1930 5 The Role of Ethics in Accounting 19 Accounting in Crisis: The Events of the Early 2000s 19 International Accounting Standards 23 Cases 24 FASB ASC Research 26 Room for Debate 26 2 The Pursuit of the Conceptual Framework 27 The Early Theorists 27 Early Authoritative and Semiauthoritative Organizational Attempts to Develop the Conceptual Framework of Accounting 29 Statement on Accounting Theory and Theory Acceptance 35 The FASB's Conceptual Framework Project 38 Principles-Based Versus Rules-Based Accounting Standards 54 International Convergence 58 Cases 68 FASB ASC Research 70 Room for Debate 70 3 International Accounting 71 International Business Accounting Issues 72 The Development of Accounting Systems 72 Preparation of Financial Statements for Foreign Users 74 The International Accounting Standards Committee 74 The Uses of International Accounting Standards 83 The IASC and the IOSCO 85 The IASB Annual Improvements Project 86 IASB-FASB Convergence 87 The Effects of International versus US GAAP Accounting Standards 88 Standards Overload 91 Framework for the Preparation and Presentation of Financial Statements 92 The IASB-FASB Financial Statement Presentation Project 101 Cases 103 FASB ASC Research 105 Room for Debate 106 4 Research Methodology and Theories on the Uses of Accounting Information 107 Research Methodology 107 The Outcomes of Providing Accounting Information 110 The Relationship Among Research, Education, and Practice 136 Cases 137 FASB ASC Research 139 Room for Debate 140 5 Income Concepts, Revenue Recognition, and Other Methods of Reporting 141 The Nature of Income 142 Economic Versus Accounting Income 146 Revenue Recognition 148 Matching 167 Income Recognition Constraints 169 Non-GAAP Measures of Performance 170 Sustainability Reporting 174 Earnings Quality, Earnings Management, and Fraudulent Financial Reporting 178 International Accounting Standards 184 Cases 186 FASB ASC Research 189 Room for Debate 190 6 Financial Statement I: The Income Statement 191 The Economic Consequences of Financial Reporting 191 Income Statement Elements 191 Statement Format 193 Proposed Format of the Statement of Comprehensive Income 216 The Value of Corporate Earnings 217 International Accounting Standards 222 Cases 227 FASB ASC Research 230 Room for Debate 231 7 Financial Statements II: The Balance Sheet and the Statement of Cash Flows 232 The Balance Sheet 232 Fair Value Measurements 244 Proposed Format of the Statement of Financial Position 251 Evaluating a Company's Financial Position 251 The Statement of Cash Flows 254 Proposed Format of the Statement of Cash Flows 265 Financial Analysis of Cash-Flow Information 266 International Accounting Standards 267 Cases 274 FASB ASC Research 277 Room for Debate 278 8 Working Capital 279 Development of the Working Capital Concept 279 Current Usage 281 Components of Working Capital 281 Working Capital Management 292 International Accounting Standards 300 Cases 301 FASB ASC Research 304 Room for Debate 305 9 Long-Term Assets I: Property, Plant, and Equipment 306 Property, Plant, and Equipment 306 Financial Analysis of Property, Plant, and Equipment 311 Cost Allocation 311 Capital and Revenue Expenditures 315 Recognition and Measurement Issues 315 Impairment of Value 316 Accounting for Asset Retirement Obligations 318 International Accounting Standards 320 Cases 327 FASB ASC Research 330 Room for Debate 331 10 Long-Term Assets II : Investments and Intangibles 332 Investments in Equity Securities 332 Investments in Debt Securities 339 Impairment of Investments in Unsecuritized Debt Including Receivables and Loans 343 The Fair Value Option for Financial Assets 347 Transfers of Financial Assets 348 Intangibles 349 Financial Analysis of Investments and Intangibles 358 International Accounting Standards 358 Cases 368 FASB ASC Research 372 Room for Debate 373 11 Long-Term Liabilities 374 The Definition of Liabilities 374 Recognition and Measurement of Liabilities 375 Debt versus Equity 376 Classification of Long-Term Debt 379 Other Liability Measurement Issues 392 Troubled Debt Restructurings 399 Financial Analysis of Long-Term Debt 401 International Accounting Standards 403 Cases 409 FASB ASC Research 413 Room for Debate 414 12 Accounting for Income Taxes 415 Historical Perspective 415 The Income Tax Allocation Issue 417 Permanent and Temporary Differences 417 Conceptual Issues 421 Alternative Interperiod Tax Allocation Methods 425 Financial Statement Disclosure 435 FIN No. 48, "Accounting for Uncertainty in Income Taxes - an Interpretation of FASB Statement No. 109" 436 The Tax Cuts and Jobs Act of 2017 437 Financial Analysis of Income Taxes 440 International Accounting Standards 443 Cases 446 FASB ASC Research 449 Room for Debate 450 13 Leases 451 Accounting for Leases 452 Subsequent Developments 463 ASU 2016-02 (FASB ASC 842) 466 Financial Analysis of the Effects of Capitalizing Operating Leases 473 International Accounting Standards 475 Cases 480 FASB ASC Research 485 Room for Debate 485 14 Pensions and Other Postretirement Benefits 487 Historical Perspective 489 Accounting for the Pension Fund 500 The Employee Retirement Income Security Act 500 Other Postretirement Benefits 501 Postemployment Benefits 503 SFAS No. 132 503 SFAS No. 158 504 Financial Analysis of Pension and Other Postretirement Benefits 506 International Accounting Standards 506 Cases 509 FASB ASC Research 512 Room for Debate 513 15 Equity 514 Theories of Equity 514 Definition of Equity 519 The Distinction Between Debt and Equity 520 Reporting Equity 522 Financial Analysis of Stockholders' Equity 534 International Accounting Standards 536 Cases 538 FASB ASC Research 542 Room for Debate 543 16 Accounting for Multiple Entities 544 Business Combinations 544 Accounting for Business Combinations 545 Consolidations 551 Theories of Consolidation 557 Noncontrolling Interest 559 Drawbacks of Consolidation 561 Segment Reporting 562 Foreign Currency Translation 566 International Accounting Standards 574 Cases 585 FASB ASC Research 588 Room for Debate 589 17 Financial Reporting Disclosure Requirements and Ethical Responsibilities 590 FASB Recognition and Measurement Criteria 590 Areas Directly Affected by Existing FASB Standards: Supplementary Information 597 Other Means of Financial Reporting 605 Other Useful Information for Investment, Credit, and Similar Decisions 609 Securities and Exchange Commission Disclosure Requirements 611 Ethical Responsibilities 619 International Accounting Standards 627 Cases 630 FASB ASC Research 634 Room for Debate 635 Index I-1

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詳細情報

• NII書誌ID(NCID): BC07702423
• ISBN:
  • 9781119577775
• 出版国コード: us
• タイトル言語コード: eng
• 本文言語コード: eng
• 出版地: Hoboken, N.J.
• ページ数/冊数: xi, 635, 16 p.
• 大きさ: 26 cm
• 分類:
  • LCC : HF5625
  • DC23 : 657
• 件名:
  • LCSH : Accounting
  • LCSH : Accounting -- Problems, exercises, etc