Rethinking the Rules of Financial Accounting : Examining the Rules for Accurate Financial Reporting

Rethinking the Rules of Financial Accounting : Examining the Rules for Accurate Financial Reporting

by Robert N. Anthony

Hardcover

$24.95

Product Details

ISBN-13: 9780071423878
Publisher: McGraw-Hill Companies, The
Publication date: 09/28/2003
Pages: 232
Product dimensions: 6.34(w) x 9.12(h) x 0.98(d)

About the Author

Robert N. Anthony is the Ross Graham Walker Professor Emeritus of Management Control at Harvard Business School. One of the most successful accounting textbook authors, he is a consultant to numerous companies and government agencies and an elected member of the Accounting Hall of Fame.

Table of Contents

Acknowledgmentsvi
Chapter 1Introduction1
Focus2
Background4
Recent Developments9
Bubbles13
Approach17
Chapter 2Criteria19
Measurements in General21
Controversial Concepts25
Topics Not Discussed27
Measurement Concepts in Financial Accounting32
Chapter 3The Financial Position Statement41
Background42
Recognition of Solvency in Other Countries48
Defects of the Balance Sheet49
The Solvency Statement51
Arguments against a Solvency Statement62
Summary70
Chapter 4The Income Statement73
Equity Interest73
Other Income Statement Problems88
Summary97
Chapter 5Statement of Changes in Equity99
Background100
Defects106
Remedy108
Conclusion110
Chapter 6The Cash Flow Statement113
Background113
Defects116
Remedies121
Chapter 7Nonprofit Accounting125
Background126
Defects132
Remedies144
Chapter 8State and Local Government Accounting151
Background151
Defects156
Remedies168
Conclusion173
Chapter 9Implementation177
Suggested Changes177
Organizing the Review183
Chapter 10Federal Accounting Standards193
Background194
Federal Accounting Standards Advisory Board200
Causes of the FASAB's Failure204
Suggested Actions212
Chapter 11Summary of Recommendations217
Chapter 3: The Financial Position Statement217
Chapter 4: The Income Statement218
Chapter 5: Statements of Changes in Equity218
Chapter 6: The Cash Flow Statement218
Chapter 7: Nonprofit Accounting218
Chapter 8: State and Local Government Accounting219
Chapter 9: Implementation219
Chapter 10: Federal Accounting Standards220
References221
Index227

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