Financial Accounting Theory and Analysis: Text and Cases / Edition 10

Hardcover (Print)
Rent
Rent from BN.com
$41.12
(Save 83%)
Est. Return Date: 11/01/2014
Used and New from Other Sellers
Used and New from Other Sellers
from $12.40
Usually ships in 1-2 business days
(Save 94%)
Other sellers (Hardcover)
  • All (18) from $12.40   
  • New (6) from $44.41   
  • Used (12) from $12.35   

More About This Textbook

Overview

Accounting education has experienced many dramatic changes over the life of this accounting theory text. The publication of the tenth edition represents over thirty years in its evolution. At its inception, much of what was then considered theory was in reality rule memorization. In recent years, the globalization of the economy has impacted the skills necessary to be a successful accountant and caused accounting educators to develop new methods of communicating accounting education.

This edition of the text is a further extension of the refocusing of the material to suit the needs of accounting professionals into the twenty-first century. Among the changes in this edition that were designed to accomplish this objective are:

Expanded use of the Web by including cases and updates on the textbook companion site at wiley.com/college/schroeder

Added a tutorial on the FASB ASC in the solutions manual

Added a test bank to the solutions manual containing over 250 multiple choice and over 200 essay questions

Updated the disclosure examples throughout the chapters and updated the financial analysis sections of each chapter using Hershey and Tootsie Roll as the example companies

Added 5 - 10 FASB ASC cases in each chapter

Added new "Room for Debate" cases in several chapters

Updated the discussion of the sources of GAAP to incorporate the FASB ASC in Chapter 1

Updated the discussion of the FASB-IASB "Norwich Agreement" and their joint conceptual framework and financial statement presentation projects

Updated the discussion of the FASB-IASB "Roadmap to Convergence" project that is attempting to arrive at a common set of high-quality global accounting standards

Updated the discussion of the impact of international versus U.S. GAAP accounting standards to incorporate the SEC's decision to partially eliminate the Form 20-F reconciliation requirement for foreign companies

Added a discussion FASB-IASB financial statement presentation project including examples of the proposed format of the financial statements in Chapters 6 and 7

Added discussions of all current FASB-IASC joint projects in the appropriate text chapters

Updated each chapter to incorporate new pronouncements released by the FASB and IASC since the publication of the 9th edition

Read More Show Less

Product Details

  • ISBN-13: 9780470646281
  • Publisher: Wiley
  • Publication date: 9/22/2010
  • Edition description: Older Edition
  • Edition number: 10
  • Pages: 612
  • Sales rank: 874,349
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.00 (d)

Table of Contents

Preface iii

1 The Development of Accounting Theory 1

The Early History of Accounting 2

Accounting in the United States since 1930 5

The Role of Ethics in Accounting 21

International Accounting Standards 25

Cases 27

FASB ASC Research 29

Room for Debate 30

2 The Pursuit of the Conceptual Framework 31

The Early Theorists 31

Early Authoritative and Semi-Authoritatve Organizational Attempts to Develop the Conceptual Framework of Accounting 34

The FASB's Conceptual Framework Project 45

Principles-Based versus Rules-Based Accounting Standards 58

International Convergence 63

Cases 73

FASB ASC Research 76

Room for Debate 77

3 International Accounting 78

International Business Accounting Issues 79

The Development of Accounting Systems 79

Preparation of Financial Statements for Foreign Users 81

The International Accounting Standards Committee 82

Revising the IASB's Constitution 88

The Uses of International Accounting Standards 90

Current Issues 91

The IASB Annual Improvements Project 92

The Use of IASC Standards 93

The IASB-FASB Convergence Project 93

The Impact of International versus U.S. GAAP Accounting Standards 97

Standards Overload 99

Framework for the Preparation and Presentation of Financial Statements 100

Comparison of the IASB's and FASB's Conceptual Frameworks 103

IAS No. 1 and IFRS No. 1 107

Cases 109

FASB ASC Research 110

Room for Debate 111

4 Research Methodology and Theories on the Uses of Accounting Information 112

Research Methodology 113

The Outcomes of Providing Accounting Information 115

The Relationship Among Research, Education, and Practice 129

Cases 130

FASB ASC Research 132

Room for Debate 132

5 Income Concepts 134

The Nature of Income 136

Income Recognition 141

Earnings Quality, Earnings Management, and Fraudulent Financial Reporting 154

Cases 159

FASB ASC Research 163

Room for Debate 164

6 Financial Statements I: The Income Statement 166

The Economic Consequences of Financial Reporting 166

Income Statement Elements 167

Statement Format 168

Proposed Format of the Statement of Comprehensive Income 192

The Value of Corporate Earnings 195

International Accounting Standards 199

Cases 203

FASB ASC Research 209

Room for Debate 210

7 Financial Statements II: The Balance Sheet and the Statement of Cash Flows 211

The Balance Sheet 212

Fair Value Measurements Under SFAS No. 157 224

Proposed Format of the Statement of Financial Position 229

Evaluating a Company's Financial Position 231

The Statement of Cash Flows 235

Financial Analysis of Cash-flow Information 246

International Accounting Standards 247

Cases 249

FASB ASC Research 253

Room for Debate 254

8 Working Capital 255

Development of the Working Capital Concept 255

Current Usage 257

Components of Working Capital 258

Financial Analysis of a Company's Working Capital Position 270

International Accounting Standards 276

Cases 277

FASB ASC Research 281

Room for Debate 282

9 Long-Term Assets I: Property, Plant, and Equipment 284

Property, Plant, and Equipment 284

Financial Analysis of Property, Plant, and Equipment 289

International Accounting Standards 300

Cases 305

FASB ASC Research 310

Room for Debate 311

10 Long-Term Assets II: Investments and Intangibles 313

Investments in Equity Securities 313

Investments in Debt Securities 322

Impairment of Investments in Unsecuritized Debt 325

Transfers of Financial Assets 326

Intangibles 327

Financial Analysis of Investments and Intangibles 337

International Accounting Standards 337

Cases 343

FASB ASC Research 347

Room for Debate 348

11 Long-Term Liabilities 350

The Definition of Liabilities 351

Recognition and Measurement of Liabilities 352

Debt versus Equity 352

Long-Term Debt Classification 357

Other Liability Measurement Issues 370

Troubled Debt Restructurings 375

Financial Analysis of Long-Term Debt 378

International Accounting Standards 381

Cases 385

FASB ASC Research 390

Room for Debate 392

12 Accounting for Income Taxes 393

Historical Perspective 393

The Income Tax Allocation Issue 395

SFAS No. 109 411

Financial Analysis of Income Taxes 417

International Accounting Standards 420

Cases 423

FASB ASC Research 426

Room for Debate 427

13 Leases 429

Accounting for Leases 430

Financial Analysis of Leases 444

International Accounting Standards 447

Cases 449

FASB ASC Research 453

Room for Debate 454

14 Pensions and Other Postretirement Benefits 456

Historical Perspective 458

Accounting for the Pension Fund 469

The Employee Retirement Income Security Act 470

Other Postretirement Benefits 470

SFAS No. 132 473

SFAS No. 158 473

Financial Analysis of Pension and Other Postretirement Benefits 475

International Accounting Standards 476

Cases 477

FASB ASC Research 479

Room for Debate 481

15 Equity 482

Theories of Equity 483

Definition of Equity 488

Reporting Equity 491

Financial Analysis of Stockholders' Equity 505

International Accounting Standards 506

Cases 508

FASB ASC Research 513

Room for Debate 514

16 Accounting for Multiple Entities 515

Business Combinations 515

Accounting for Business Combinations 516

Business Combinations II 522

Theories of Consolidation 525

Noncontrolling Interest 526

Drawbacks of Consolidation 529

Special-Purpose Entities 530

Segment Reporting 531

Foreign Currency Translation 536

International Accounting Standards 544

Cases 548

FASB ASC Research 551

Room for Debate 552

17 Financial Reporting Disclosure Requirements and Ethical Responsibilities 554

Recognition and Measurement Criteria 554

Areas Directly Affected by Existing FASB Standards-Supplementary Information 558

Other Means of Financial Reporting 562

Other Useful Information for Investment, Credit, and Similar Decisions 565

Securities and Exchange Commission 567

Ethical Responsibilities 576

International Accounting Standards 583

Cases 584

FASB ASC Research 588

Room for Debate 590

Index 593

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)