Synopses & Reviews
Accounting Theory, 1/e, by Christensen and Demski will cover both financial and managerial accounting theory with a strong emphasis on accounting information systems. It will be different from the other accounting theory textbooks available in that it will not focus solely on the FASB, its mission statement, and the rationale for specific FASB standards. This book will look at the challenges faced by accounting information users/preparers and the role accounting information systems play.
About the Author
John is one of Joel Demski's former students. He teaches at Odense Universitet in Denmark. He has been a member of the faculty at Odense since 1979. He received his Ph.D. from Stanford University. Over the past several years, Joel and John have collaborated on a theory course. They have even team taught the course (during one of Joel's visits to Denmark).Joel is the Eminent Fisher Scholoa at the Fisher School of Business at the University of Florida, where he has been since 1994. Prior to that, Joel was on the faculty at Yale, Stanford, and the University of Chicago. He has been on the editorial board fo the mafor three Accounting Journals and is considered by many to be one of the foremost accounting scholars in the world. He ahs been the dissertation advisor for manu fo the leading academics including Rick Antle (Yale)a dn Srikant Datar (Harvard). Joel has published a highly regarded Advanced Managerial Accounting text with Kluwers and two editions of a Cost Accounting text. In addition to his research acumen, Joel has proven himself as a teacher by winning several school awards.
Table of Contents
1. Introduction Part I: Foundations 2. The Reporting Organization 3. Classical Foundations 4. Accounting Foundations 5. Modeling Information 6. Information Use at the Individual Level 7. The Accounting System as an Information Channel Part II: Information Content 8. Information in a Valuation Setting 9. Accounting Information in a Valuation Setting 10. Accounting and Non-accounting Information in a Valuation Setting 11. Information in a Managerial Contracting Setting 12. Additional Information in a Managerial Contracting Setting 13. Conflict among Uses Part III: Comparative Advantage 14. Recognition 15. Information Content of Audited Accruals 16. Conditional Recognition 17. Intertemporal Accruals 18. Intratemporal Accruals Part IV: End Game 19. Institutional Considerations 20. Professional Opportunity and Responsibility