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SAGE Publications
Accounting Theory: Conceptual Issues in a Political and Economic Environment / Edition 7

Accounting Theory: Conceptual Issues in a Political and Economic Environment / Edition 7


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Product Details

ISBN-13: 9781412953450
Publisher: SAGE Publications
Publication date: 10/17/2007
Edition description: Seventh Edition
Pages: 696
Product dimensions: 7.37(w) x 9.12(h) x (d)

About the Author

Harry I. Wolk (1930-2009) held a BS in economics from the Wharton School of the University of Pennsylvania and MBA and Ph D degrees from Michigan State University. He was the lead author on Accounting Theory for seven editions and the inspiration for the eighth edition.

James L. Dodd (BS: California State University, Fresno; MBA: University of South Alabama; Ph D: The University of Georgia) is Aliber Distinguished Professor of Accounting at Drake University. He is a Fulbright Scholar Alumnus participating in academic exchanges with Norway (1999-2000) and Iceland (2007). His professional interests include international accounting, accounting theory, and fraud examination.

John J. Rozycki (BS: King’s College; MBA: University of Scranton; Ph D: The Penn State University) is Associate Professor of Finance at Drake University where he teaches corporate finance and equity valuation. His professional interests include equity and business valuation, corporate capital allocation decisions, financial planning, financing decisions, and financial statement analysis.

Table of Contents

1. AN INTRODUCTION TO ACCOUNTING THEORY Accounting Theory and Policy Making The Role of Measurement in Accounting Plan of This Book Appendix 1-A: Valuation Systems
2. ACCOUNTING THEORY AND ACCOUNTING RESEARCH Accounting Research and Scientific Method Is Accounting an Art or a Science?
Directions in Accounting Research A Scientific Revolution in Accounting?
Formative Years, 1930-1946
Postwar Period, 1946-1959
Modern Period, 1959 to the Present
4. THE ECONOMICS OF FINANCIAL REPORTING REGULATION The Case for Unregulated Markets for Accounting Information Regulated Markets Imperfections of Accounting Regulation The Regulatory Process Economic Consequences of Accounting Policy
5. POSTULATES, PRINCIPLES, AND CONCEPTS Postulates and Principles Basic Concepts Underlying Historical Costing Equity Theories Appendix 5-A: The Basic Postulates of Accounting Appendix 5-B: A Tentative Set of Broad Accounting Principles for Enterprises
The Trueblood Committee Report SATTA User Objectives and User Diversity
7. THE FASB’S CONCEPTUAL FRAMEWORK The FASB Conceptual Framework The Conceptual Framework as a Codificational Document Empirical Research on the Conceptual Framework Assessing the Conceptual Framework
8. USEFULNESS OF ACCOUNTING INFORMATION TO INVESTORS AND CREDITORS Earnings, Dividends and Stock Prices Residual Income Models Background on Risk and Return Introduction to Capital Markets Research in Accounting The Value of Accounting Information: Evidence From Return Data The Value of Accounting Information: Evidence From Direct Valuation Accounting Data and Creditors Importance of Earnings Forecasting Empirical Research and Standard Setting
9. UNIFORMITY AND DISCLOSURE: SOME POLICY-MAKING DIRECTIONS What Underlies the Choice Among Accounting Methods?
Uniformity The Usefulness of Accounting Allocations Disclosure
10. INTERNATIONAL ACCOUNTING National Accounting Differences International Harmonization of Accounting Standards
11. THE BALANCE SHEET The Relationship Between the Balance Sheet and the Income Statement Assets Liabilities Owners’ Equity Financial Instruments Classification in the Balance Sheet Appendix 11-A: A Simple Example of a Weather Derivative
12. THE INCOME STATEMENT Income Definitions Revenues and Gains Expenses and Losses Future Events and Accounting Recognition Current Operating Versus All-Inclusive Income Nonoperating Sections Earnings per Share Special Subjects Concerning Income Measurement Earnings Management Income Statement Developments
13. STATEMENT OF CASH FLOWS The Statement of Changes in Financial Position The Motivation for a Cash Flow Statement Requirements of the Cash Flow Statement Classification Problems of SFAS No. 95
Analytical Usefulness of the Cash Flow Statement Cash and Funds Flow Research Improving the SCF
14. ACCOUNTING FOR CHANGING PRICES AND INFLATION Institutional Aspects of Inflation Accounting Prior to SFAS No. 33
An Overview of Inflation Accounting Provisions of SFAS No. 33 and Rejection in SFAS Nos. 82 and 89
SFAS No. 157
15. INCOME TAXES AND FINANCIAL ACCOUNTING Income Tax Allocation The Asset-Liability Orientation of SFAS No. 109
Empirical Research on Income Tax Allocation International Accounting Standards
16. PENSIONS AND OTHER POSTRETIREMENT BENEFITS Overview of Pension Plans Development of Pension Accounting Standards Postretirement Benefits Other Than Pensions International Accounting Standards Appendix 16-A: Illustration of Pension Expense Determination and Actuarial Funding Methods
17. LEASES The Lease Contract The Evaluation of Lease Accounting Standards Lease Accounting Under the IASB
18. INTERCORPORATE EQUITY INVESTMENTS Relevant Circumstances Consolidation The Equity Method The Fair Value Method Defining the Reporting Entity Translation of Foreign Operations Appendix 18-A: Special Purpose Entities, Variable Interest Entities and the Downfall of Enron

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