Share
Accounting Theory
Four Volume Set
Edited by:
- Harry I Wolk - Drake University, USA
April 2009 | 1 584 pages | SAGE Publications Ltd
Financial statements, the output of a firm's accounting system, receive a great deal of attention, for two reasons. First, they assess how well management is doing now and second, they help predict the firm's prospects. However, accounting systems and financial statements do not arise in a vacuum. They are based on rules and standards that have been developed at the various national and, increasingly, international levels. In turn, these rules and standards are based, to a greater or lesser extent, on accounting theory.
In this major reference collection, accounting theory is taken as the basic assumptions, definitions, principles, and concepts – and how we derive them – that underlie accounting rule-making by a legislative body as well as the reporting of financial information. This major work starts with a philosophical overview of accounting, including accounting theory. Among some of the other issues examined are whether accounting is an art or a science and whether or not it can be value free. Also examined is the question of whether any "preconditions" are necessary to establish a viable approach to accounting theory.
As a reference work, Accounting Theory, compiled by industry expert Harry I. Wolk, will be a key resource for accounting students, financial statement preparers, and auditors, as well as standard setters themselves.
In this major reference collection, accounting theory is taken as the basic assumptions, definitions, principles, and concepts – and how we derive them – that underlie accounting rule-making by a legislative body as well as the reporting of financial information. This major work starts with a philosophical overview of accounting, including accounting theory. Among some of the other issues examined are whether accounting is an art or a science and whether or not it can be value free. Also examined is the question of whether any "preconditions" are necessary to establish a viable approach to accounting theory.
As a reference work, Accounting Theory, compiled by industry expert Harry I. Wolk, will be a key resource for accounting students, financial statement preparers, and auditors, as well as standard setters themselves.
SECTION I: PHILOSOPHICAL BACKGROUND
Accounting - A System of Measurement Rules
Devine, Carl
Radical Developments in Accounting Thought
Chua, Wai Fong
Accounting as a Discipline for Study and Practice
Bell, Philip W.
Why Can Accounting Not Become a Science Like Physics?
Stamp, Edward
Social Reality and the Measurement of Its Phenomena
Mattessich, Richard
Toward a Science of Accounting
Sterling, Robert R.
Methodological Problems and Preconditions of a General Theory of Accounting
Mattessich, Richard
SECTION II: INFORMALLY DEVELOPED ACCOUNTING CONCEPTS
A. Realization and Recognition
The Critical Event and Recognition of Net Profit
Myers, John
Recognition Requirements - Income Earned and Realized
Devine, Carl
The Realization Concept
Davidson, Sidney
B. Matching
Cash Movements and Periodic Income Determination
Storey, Reed
Some Impossibilities - Including Allocations
Devine, Carl
The FASB and the Allocation Fallacy
Thomas, Arthur
Conservatism
Conservatism in Accounting, Part I: Explanation and Implications
Watts, Ross
Conservatism in Accounting, Part II: Evidence and Research Opportunities
Watts, Ross
The Changing Time-Series Properties ofEarnings, Cash Flows, and Accruals: Has Financial Accounting Become Mor Conservative?
Givoly, Dan and Carla Hayn
D. Disclosure
Information Disclosure Strategy
Lev, Baruch
Corporate Reporting and the Accounting Profession: An Interpretive Paradigm
Ogan, Pekin and David Ziebart
Financial Reporting in India: Changes in Disclosure over the Period 1982-1990
Marston, C. L. and P. Robson
Corporate Mandatory Disclosure Practices in Bangladesh
M. Akhtaruddin
Corporate Governance and Voluntary Disclosure
L.L. Eng and Y.T. Mak
Ownership Structure and Voluntary Disclosure in Hong Kong and Singapore
Chau, Gerald and Sidney Gray
E. Uniformity
Uniformity Versus Flexibility: A Review of the Rhetoric
Keller, Thomas
Differences in Circumstances!: Fact or Fancy
Cadenhead, Gary
Toward the Harmonization of Accounting Standards: An Analytical Framework
Wolk, Harry and Patrick Heaston
SECTION III: CONCEPTUAL FRAMEWORKS
FASB's Statements on Objectives and Elements of Financial Accounting: A Review
Dopuch, Nicholas and Shyam Sunder
The FASB's Conceptual Framework: An Evaluation
Solomons, David
The Evolution of the Conceptual Framework for Business Enterprises in the United States
Zeff, Stephen
Criteria for Choosing an Accounting Model
Solomons, David
Objectives of Financial Reporting
Walker, R.G.
Reliability and Objectivity of Accounting Methods
Ijiri, Yuji and Robert Jaedicke
SECTION IV: ACCOUNTING FOR CHANGING PRICES
Replacement Cost: Member of the Family, Welcome Guest, or Intruder?
Zeff, Stephen
Costs (Historical versus Current) versus Exit Values
Sterling, Robert R.
A Defense for Historical Cost Accounting
Ijiri, Yuji
The Case for Financial Capital Maintenance
Carsberg, Bryan
Income and Value Determination and Changing Price Levels: An Essay Towards a Theory
Stamp, Edward
SECTION V: ACCOUNTING STANDARDS AND FINANCIAL STATEMENTS
Get it off the Balance Sheet!
Dieter, Richard and Arthur Wyatt
Political Lobbying on Proposed Standards: A Challenge to the IASB
Zeff, Stephen
A Review of the Earnings Management Literature and Its Implications for Standard Setting
Healy, Paul and James Wahlen
Relationships among Income Measurements
Bedford, Norton
Some Basic Concepts of Accounting and Their Implications
Lorig, Arthur
Economic Impact of Accounting Standards - Implications for the FASB
Rappaport, Alfred
An Analysis of Factors Affecting the Adoption of International Accounting Standards by Developing Countries
Zeghal, Daniel and Kerim Mhedhbi
The Relevance of IFRS to a Developing Country: Evidence from Kazakhstan
Tyrrall, David, David Woodward and A. Rakhumbekova
Political Influence and Coexistence of a Uniform Accounting System and Accounting Standards: Recent Developments in China
Xiao, Jason, Pauline Weetman and Manli Sun
SECTION VI: APPLIED ACCOUNTING THEORY
A. Income Tax Allocation
Comprehensive Tax Allocation: Let's Stop Taking Some Misconceptions for Granted
Milburn, Alex
Acccelerated Depreciation and the Allocation of Income Taxes
Davidson, Sidney
Discounting Deferred Tax Liabilities pp. 655-665
Nurnberg, Hugo
B. Leases
Lease Capitalization and the Transaction Concept
Rappaport, Alfred
Leasing and Financial Statements
Shillinglaw, Gordon
Accounting for Leases - A New Framework
McGregor, Warren
C. Pensions and Other Postretirement Liabilities
Alternative Accounting Treatments for Pensions
Schipper, Katherine and Roman Weil
A Conceptual Framework Analysis of Pension and Other Postretirement Benefit Accounting
Wolk, Harry and Terri Vaughan
OPEB: Improved Reporting or the Last Straw
Thomas, Paula and Larry Farmer
D. Consolidations
An Examination of Financial Reporting Alternatives for Associated Enterprises
King, Thomas and Valdean Lembke
Valuation for Financial Reporting: Intangible Assets, Goodwill, and Impairment Analysis and SFAS 141 and 142
Mard, Michael, James Hitchner, Steven Hyden and Mark Zyla
Proportionate Consolidation and Financial Analysis
Bierman, Harold
The Evolution of Consolidated Financial Reporting in Australia
Whittred, Greg
Foreign Currency Translation Research: Review and Synthesis
Houston, Carol
The Implementation of SFAS Number 52: Did the Functional Currency Approach Prevail?
Kirsch, Robert and Thomas Evans
Financial Accounting Developments in the European Union: Past Events and Future Prospects
Haller, Axel
E. Intangibles
Accounting for Research and Development Costs
Bierman, Harold and Roland Dukes
The Boundaries of Financial Accounting and How to Extend Them
Lev, Baruch and Paul Zarowin
The Capitalization, Amortization, and Value Added Relevance of R & D
Lev, Baruch and Theodore Sougiannis
Accounting for Brands in France and Germany Compared With IAS 38 (Intangible Assets: An Illustration of the Difficulty of International Harmonization)
Stolowy, Herve, Axel Haller and Volker Klockhaus
Accounting for Intangible Assets in Scandinavia, the U.K., and U.S. and the IASB: Challenges and a Solution
Hoeg-Krohn, Niels and Kjell Knivsfla
SECTION VII: POSITIVE ACCOUNTING THEORY
The Methodology of Positive Accounting
Christenson, Charles
Positive Accounting Theory: A Ten Year Perspective
Watts, Ross and Jerrold Zimmerman
Positive Accounting Theory and the PA Cult
Chambers, Raymond
Accounting and Policy Choice and Firm Characteristics in the Asia-Pacific Region: an International Empirical Test of Costly Contracting Theory
Astami, Emita and Greg Tower
SECTION VIII: THE TRUE AND FAIR VIEW AND PRINCIPLES VERSUS RULES-BASED STANDARDS
Principles Versus Rules-Based Accounting Standards: The FASB's Standard Setting Strategy
Benston, George, Michael Bromwich and Alfred Wagenhofer
The True and Fair View in British Accounting
Walton, Peter
A European True and Fair View
Alexander, David
Rules, Principles, and Judgments in Accounting Standards
Bennett, Bruce, Helen Prangell and Michael Bradbury
SECTION IX: INTERNATIONAL ACCOUNTING AND CONVERGENCE
The Introduction of International Accounting Standards in Europe: Implications for International Convergence
Schipper, Katherine
The Adoption of International Accounting Standards in the European Union pp. 127-153
Whittington, Geoffrey
Trends in Research on International Accounting Harmonization pp. 272-304
Baker, C. Richard and Elena Barbou
The Quest for International Accounting Harmonization: A Review of the Standard- Setting Agendas of the IASC, US, UK, Canada and Australia, 1973-1997
Street, Donna and Kimberly Shaughnessy
From National to Global Accounting and Reporting Standards
McKee, David, Don Garner and Yosra AbuAmara McKee
A Statistical Model of International Accounting Harmonization pp. 1-29
Archer, Simon, Pascal, Delvaille and Stuart McLeay
SECTION X: OTHER NATIONAL AND REGIONAL ACCOUNTING STUDIES
The Institutional Environment of Financial Reporting Regulation in ASEAN Countries
Saudogaran, Sharokh and J. Diga
Corporate Financial Reporting and Regulation in Japan
Benston, George, Michael Bromwich, Robert Litan and Alfred Wagenhofer
Accounting Theory in the Political Economy of China
Shuie, Fujing and Joseph Hilmy
Ownership Structure and Earnings Informativeness: Evidence from Korea
Jung, Kooyul and Kwon Soo Young
Accounting Developments in Pakistan
Ashraf, Junaid and WaQar Ghani
