Financial Accounting Theory
Published on 16. March 2003
Book
Paperback/Softback
455 pages
978-0-07-471356-3 (ISBN)
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.
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.
More details
Language
English
Place of publication
London
United States
Publishing group
McGraw-Hill Education - Europe
Target group
College/higher education
Professional and scholarly
Dimensions
Height: 96 mm
Width: 70 mm
Thickness: 9 mm
Weight
2 gr
ISBN-13
978-0-07-471356-3 (9780074713563)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Book
12/2003
3rd Edition
Prentice-Hall
€64.63
Article not available
Person
Craig Deegan, BCom (University of NSW), MCom (Hons) (University of NSW), PhD (University of Queensland), FCA, is Professor of Accounting at RMIT University in Melbourne. Prior to this appointment, and between 1996 and 2001, he was Professor of Accounting and Faculty Director of Research and Research Higher Degrees at the University of Southern Queensland. He has taught at Australian universities for two decades in both undergraduate and postgraduate courses, and has presented lecturers internationally, including in New Zealand, the United States, France, England, Wales, Scotland, Malaysia, Singapore, South Africa, South Korea and China.Prior to his time in the university sector, Craig worked as a chartered accountant in practice. He is an active researcher with numerous publications in Australian and international professional and academic journals (any NZ ones, and he regularly provides consulting services to corporations, government, and industry bodies. Craigs main research interests are in the area of social and environmental accountability and reporting, and between 1997 and 2003 he was Chairperson of the Triple Bottom Line Issues Group of the Institute of Chartered Accountants in Australia. He has been the recipient of various teaching and research awards, including teaching prizes sponsored by KPMG, and the Institute of Chartered Accountants in Australia. In July 1998 he was the recipient of the Peter Brownell Manuscript Award, an annual research award presented by the Accounting Association of Australia and New Zealand (now known as the Accounting and Finance Association of Australia and New Zealand). In 1998 he was also awarded the University of Southern Queensland Individual Award for Research Excellence.Craig is also the author of the leading financial accounting theory textbook, Financial Accounting Theory, which is widely used throughout Australia as well as a number of other countries such as the UK, US, The Netherlands and South Korea.
Content
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
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