CART

(0) items

FINANCIAL ACCOUNTING THEORY,9780131294912
This item qualifies for
FREE SHIPPING!

FREE SHIPPING OVER $59!

Your order must be $59 or more, you must select US Postal Service Shipping as your shipping preference, and the "Group my items into as few shipments as possible" option when you place your order.

Bulk sales, PO's, Marketplace Items, eBooks, Apparel, and DVDs not included.

FINANCIAL ACCOUNTING THEORY

by
Edition:
4th
ISBN13:

9780131294912

ISBN10:
0131294911
Format:
Paperback
Pub. Date:
1/1/2006
Publisher(s):
Prentice Hall
List Price: $160.00

Buy New Textbook

Currently Available, Usually Ships in 24-48 Hours
N9780131294912
$153.00

Rent Textbook

We're Sorry
Sold Out

Used Textbook

We're Sorry
Sold Out

eTextbook

We're Sorry
Not Available

More New and Used
from Private Sellers
Starting at $0.01
See Prices

Questions About This Book?

What version or edition is this?
This is the 4th edition with a publication date of 1/1/2006.
What is included with this book?
  • The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any CDs, lab manuals, study guides, etc.

Related Products


  • Financial Accounting Theory
    Financial Accounting Theory
  • Financial Accounting Theory
    Financial Accounting Theory




Summary

As you head into your professional career in Accounting, it will be important for you to understand both the relevant theories and their importance for financial reporting. This book aims to provide a critical evaluation of financial reporting practice and the social roles of financial reporting. You will also learn how to evaluate financial reporting from the standpoints of both financial accountants and management. Written in a very friendly style with clear explanations, the text provides a thorough presentation of financial accounting theories, illustrated with plenty of examples that will place the theories in context. The supporting problem material reinforces the theories and will let you practise the application of these theories. You will also find research articles referenced, described, and explained to support the text discussion. These provide a great source of additional readings for those who wish to dig more deeply into certain topics. William Scott has updated the new edition of this best-selling text throughout in response to the recommendations of many in the field. Some of the revisions included in this edition are: updated coverage of relevant research articles addition of new relevant problem material addition of some historical perspective on financial accounting new coverage of behavioural finance from an accounting perspective new coverage of accounting for intangibles expanded coverage of earnings management

Table of Contents

Introduction
The Objective of this Book
The Complexity of Information in Financial Accounting and Reporting
The Role of Accounting Research
The Importance of Information Asymmetry
The Fundamental Problem of Financial Accounting Theory
Regulation as a Reaction to the Fundamental Problem
An Historical Perspective
The Organization of This Book
Relevance of Financial Accounting Theory to Accounting Practice
Accounting Under Ideal Conditions
Overview
The Present Value Model Under Certainty
The Present Value Model Under Uncertainty
Reserve Recognition Accounting
Historical Cost Accounting Revisited
The Non-Existence of True Net Income
Conclusion
The Decision Usefulness Approach to Financial Reporting
Overview
The Decision Usefulness Approach
Single-Person Decision Theory
The Rational, Risk-Averse Investor
The Principle of Portfolio Diversification
The Optimal Investment Decision
Portfolio Risk
The Reaction of Professional Accounting Bodies to the Decision Usefulness Approach
Conclusions on Decision Usefulness
Efficient Securities Markets
Overview
Efficient Securities Markets
A Capital Asset Pricing Model
Is Beta Dead? Efficient Securities Market Anomalies
The Informativeness of Price
Information Asymmetry
The Social Significance of Properly Working Securities Markets
Examples of Full Disclosure
Summary and Conclusions
The Information Perspective on Decision Usefulness
Overview
Outline of the Research Problem
The Ball and Brown Study
Earnings Response Coefficients
Extraordinary Items
A Caveat about the Best Accounting Policy
The Information Content of RRA
Summary and Conclusions
The Measurement Perspective on Decision Usefulness
Overview
Reasons for Increased Attention to Measurement
Longstanding Measurement Examples
More Recent Fair-Value-Oriented Standards
Financial Instruments
Reporting on Risk
Summary and Conclusions
Economic Consequences
Overview
The Rise of Economic Consequences
Foreign Exchange Translation: Practice and Theory
The ERCs of Multinational Firms
Accounting for Government Assistance
Stock Market Reaction to Successful-Efforts Accounting in the Oil and Gas Industry
The Relationship Between Efficient Market Theory and Economic Consequences
The Positive Theory of Accounting
Outline of Positive Acounting Theory
The Three Hypotheses of Positive Accounting Theory
Empirical PAT Research
Distinguishing the Opportunistic and Efficient Contracting Versions of PAT
Conclusions
An Analysis of Conflict
Overview
Understanding Game Theory
A Non-cooperative Game Model of Manager-Investor Conflict
Some Models of Cooperative Game Theory
Implications of Agency Theory for Accounting
Reconciliation of Efficient Securities Market Theory with Economic Consequences
Conclusions
Executive Compensation
Overview
Are Incentive Contracts Necessary? A Managerial Compensation Plan
The Theory of Executive Compensation
The Role of Risk in Executive Compensation
The Politics of Executive Compensation
Summary
Earnings Management
Overview
Evidence of Earnings Management for Bonus Purposes
Other Motivations for Earnings Management
Patterns of Earnings Management
Is Earnings Management Good or Bad? Stock Market Reaction to Earnings Management
Summary and Conclusions
Standard Setting: Economic Issues
Overview
Regulation of Economic Activity
Private Incentives for Information Production
Sources of Market Failure
How Much Information is Enough? Decentralized Regulation
Summary
Standard Setting: Political Issues
Overview
Two Theories of Regulation
Standard Setting in Canada and the United States
The International Accounting Standards Committee
Relationship to Theories of Regulation Conflict and Compromise
Criteria for Standard Setting
Conclusions
Table of Contents provided by Publisher. All Rights Reserved.


Please wait while the item is added to your cart...