Financial Accounting Theory

Front Cover
Prentice Hall of Canada Ltd, Jul 1, 1999 - Business & Economics - 508 pages
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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

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Contents

Preface
1
Accounting Under Ideal Conditions
13
The Decision Usefulness Approach to Financial Reporting
46
Efficient Securities Markets
83
The Information Perspective on Decision Usefulness
139
The Measurement Perspective on Decision Usefulness
175
Economic Consequences
222
The Positive Theory of Accounting
263
An Analysis of Conflict
280
Executive Compensation
317
Earnings Management
351
Economic Issues
397
Political Issues
428
Bibliography
485
Index
497
Copyright

Contracting Versions of PAT
272

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