Synopses & Reviews
This fifth edition of Accounting Theory presents the principal approaches and proposed solutions to the problem of formulating an accounting theory and brings the book up to date with the latest theoretical developments. Accounting theory is a highly complex subject for students to understand. No single generally accepted theory has been created, despite many attempts. Different assumptions and methodologies have resulted in a variety of frameworks, which some experts find acceptable. But it is vital to uphold the consistent standards that define the nature, function and scope of financial statements and the techniques for producing them. To understand how accounting theories are constructed and verified is to understand the essence of accounting. The book analyses the formulation of theory and examines its various facets, including the history and development of the discipline and the regulatory framework. The text also discusses future trends in accounting, examines accounting research and presents a critical analysis of the context of the contemporary accounting profession. Accounting Theory begins by explaining the history, development, nature and uses of accounting. It goes on to cover all the key aspects of accounting theory including the traditional and behavioural approaches to formulating a theory; fairness, disclosure and future trends and philosophical/scientific views of accounting. Belkaoui?s text does more than purely examine the issues surrounding the formulation of accounting theory; it puts accounting theory into its international context.
Synopsis
This fifth edition of Accounting Theory presents the principal approaches and proposed solutions to the problem of formulating an accounting theory and brings the book up to date with the latest theoretical developments. Accounting theory is a highly complex subject for students to understand. No single generally accepted theory has been created, despite many attempts. Different assumptions and methodologies have resulted in a variety of frameworks, which some experts find acceptable. But it is vital to uphold the consistent standards that define the nature, function and scope of financial statements and the techniques for producing them. To understand how accounting theories are constructed and verified is to understand the essence of accounting. The book analyses the formulation of theory and examines its various facets, including the history and development of the discipline and the regulatory framework. The text also discusses future trends in accounting, examines accounting research and presents a critical analysis of the context of the contemporary accounting profession. Accounting Theory begins by explaining the history, development, nature and uses of accounting. It goes on to cover all the key aspects of accounting theory including the traditional and behavioural approaches to formulating a theory; fairness, disclosure and future trends and philosophical/scientific views of accounting. Belkaoui?s text does more than purely examine the issues surrounding the formulation of accounting theory; it puts accounting theory into its international context.
Synopsis
Accounting Theory presents the principal approaches and proposed solutions to the problem of formulating an accounting theory in an international context. It examines the various facets that contribute to the formulation of a theory, in particular the history and development of the discipline, the assorted accounting research paradigms, and the regulatory framework. This new edition has been thoroughly revised and updated to incorporate recent advances, and features new chapters on the sociology of the accounting profession, international accounting and research perspectives in accounting.
About the Author
Ahmed Riahi-Belkaoui is Professor of Accounting at the University of Illinois in Chicago. His research interests include accounting theory and international facets of financial reporting. He has published 30 books, including International and Multinational Accounting (The Dryden Press) and over 80 articles and reviews.
Table of Contents
1. The History and Development of Accounting. 2. The Nature and Uses of Accounting. 3. The Traditional Approaches to the Formulation of an Accounting Theory. 4. The Regulatory Approaches to the Formulation of an Accounting Theory. 5. A Conceptual Framework for Financial Accounting and Reporting. 6. The Structure of an Accounting Theory. 7. Fairness. Disclosure and Future Trends in Accounting. 8. Research Perspectives in Accounting. 9. Accounting: A Multiple Paradigm Science. 10. The Event and Behavior Approaches. 11. Predictive and Positive Approaches. 12. Current Value Accounting. 13. General Price-Level Accounting. 14. Alternative Asset Valuation and Income Determination Models. 15. The Context of Contemporary Accounting Profession. 16. International Accounting.