Financial Accounting Theory

Financial Accounting Theory provides a thorough presentation of financial accounting theories. This new edition continues to include considerable coverage of accounting standards oriented to IASB standards as well as major U.S. accounting standards. While the text discussion concentrates on relating standards to the theoretical framework of the book, the coverage provides students with exposure to the contents of the standards themselves.

Chapter 1 Introduction Chapter 2 Accounting Under Ideal Conditions Chapter 3 The Decision Usefulness Approach to Financial Reporting Chapter 4 Efficient Securities Markets Chapter 5 The Value Relevance of Accounting Information Chapter 6 The Measurement Approach to Decision Usefulness Chapter 7 Measurement Applications 239 Chapter 8 The Efficient Contracting Approach to Decision Usefulness Chapter 9 An Analysis of Conflict Chapter 10 Executive Compensation Chapter 11 Earnings Management Chapter 12 Standard Setting: Economic Issues Chapter 13 Standard Setting: Political Issues