Like its previous editions, the Seventh Edition of Accounting Theory presents complex materials in a clear and understandable manner. Incorporating the latest accounting standards and presenting the most up-to-date accounting theory from the top academic journals in accounting and finance throughout the world, this book comprehensibly presents both the theoretical structure of accounting theory as well as the politics of the standard-setting process, which often opposes the theoretical structure. Key Features: - A reorganized table of contents with a thoroughly revised chapter on International Accounting (Chapter 10) - Discussion of the conceptual framework of the IASB (Chapter 7) - An emphasis on principles-based standards as opposed to rules-based standards - More theoretical issues are related to real world examples coming from the popular news media. - New questions, cases, problems, and writing assignments--many from corporate annual reports. - An Instructor's Resource CD includes answers to end-of-chapter materials, chapter summaries, test banks, and PowerPoint slides.
An Introduction to Accounting Theory 1
2 Accounting Theory and Accounting Research 27
3 Development of the Institutional Structure of Financial Accounting 53
4 The Economics of Financial Reporting Regulation 89
5 Postulates, Principles, and Concepts 115
6 The Search for Objectives 151
7 The FASB's Conceptual Framework 183
8 Usefulness of Accounting Information to Investors and Creditors 217
9 Uniformity and Disclosure: Some Policy-Making Directions 269
10 International Accounting 301
11 The Balance Sheet 329
12 The Income Statement 381
13 Statement of Cash Flows 427
14 Accounting for Changing Prices and Inflation 461
15 Income Taxes and Financial Accounting 485
16 Pensions and Other Postretirement Benefits 513
17 Leases 559
18 Intercorporate Equity Investments
