Summary |
Accounting Theory: Contemporary Accounting Issues is an easy-to-read accounting theory text that contains two distinct, but integrated parts. Part One focuses on two interwoven topics in a chronological format: accounting theory formulation and standard setting. This section analyzes the major historical efforts attempted in the development of an accounting theory. Part Two covers contemporary financial reporting issues as they relate to the FASB’s Conceptual Framework. Controversial accounting areas, such as cash flows, accounting for pensions, post-employment benefits and stock options, are studied within the context of the definitions of assets and liabilities provided by the Conceptual Framework. Interesting and challenging cases provide the reader with practical experience in applying accounting theory.
|
