Financial Accounting Theory and Analysis: Text Readings and Cases, 8th Edition,9780471652434

Financial Accounting Theory and Analysis: Text Readings and Cases, 8th Edition

by ; ;
Edition: 8th
ISBN13: 9780471652434
ISBN10: 0471652431
Format: Paperback
Pub. Date: 2005-01-01
Publisher(s): WILEY
List Price: $174.70

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Summary

Updated, refocused, and revised, this Eighth Edition of ACCOUNTING THEORY AND ANALYSIS will help you build strong critical thinking skills and a sound theoretical background, so you can evaluate accounting practice in today\'s increasingly global world economy. The text\'s unique and timely collection of cases covers all major areas of accounting and shows how the latest accounting standards impact decision making.

Table of Contents

Preface iii
1 THE DEVELOPMENT OF ACCOUNTING THEORY
1(29)
The Early History of Accounting
2(3)
Accounting in the United States since 1930
5(11)
The Evolution of the Phrase "Generally Accepted Accounting Principles"
16(2)
The Business Reporting Research Project
18(1)
The Role of Ethics in Accounting
19(5)
International Accounting Standards
24(1)
Financial Accounting Research System
25(1)
Summary
26(1)
Cases
26(2)
FARS Research
28(1)
Room for Debate
29(1)
Recommended Additional Readings
29(1)
2 THE PURSUIT OF THE CONCEPTUAL FRAMEWORK
30(40)
The Early Theorists
30(3)
Early Authoritative and Semiauthoritative Organizational Attempts to Develop the Conceptual Framework of Accounting
33(12)
The FASB's Conceptual Framework Project
45(13)
Principles-Based versus Rules-Based Accounting Standards
58(5)
Summary
63(1)
Cases
63(4)
FARS Research
67(1)
Room for Debate
68(1)
Recommended Additional Readings
68(2)
3 INTERNATIONAL ACCOUNTING
70(31)
International Business Accounting Issues
71(1)
The Development of Accounting Systems
71(6)
The International Accounting Standards Committee
77(6)
Revising the IASB's Constitution
83(2)
The Uses of International Accounting Standards
85(1)
Current Issues
86(5)
Framework for the Preparation and Presentation of Financial Statements
91(3)
IAS No. 1
94(2)
Summary
96(1)
Cases
96(2)
FARS Research
98(1)
Room for Debate
98(1)
Recommended Additional Readings
99(2)
4 RESEARCH METHODOLOGY AND THEORIES ON THE USES OF ACCOUNTING INFORMATION
101(25)
Research Methodology
102(3)
The Outcomes of Providing Accounting Information
105(14)
The Relationship Among Research, Education, and Practice
119(1)
Summary
120(1)
Cases
121(2)
FARS Research-Agency Theory
123(1)
Room for Debate
124(1)
Recommended Additional Readings
124(2)
5 INCOME CONCEPTS
126(35)
The Nature of Income
128(5)
Income Recognition
133(14)
Earnings Quality, Earnings Management, and Fraudulent Financial Reporting
147(6)
Summary
153(1)
Cases
154(4)
FARS Research
158(1)
Room for Debate
159(1)
Recommended Additional Readings
159(2)
6 FINANCIAL STATEMENTS I: THE INCOME STATEMENT
161(46)
The Economic Consequences of Financial Reporting
161(1)
Income Statement Elements
162(1)
Statement Format
163(25)
The Value of Corporate Earnings
188(5)
International Accounting Standards
193(3)
Summary
196(1)
Cases
197(7)
FARS Research
204(1)
Room for Debate
205(1)
Recommended Additional Readings
205(2)
7 FINANCIAL STATEMENTS II: THE BALANCE SHEET AND THE STATEMENT OF CASH FLOWS
207(36)
The Balance Sheet
208(5)
Assets
213(3)
Liabilities
216(3)
Evaluating a Company's Financial Position
219(4)
The Statement of Cash Flows
223(10)
Financial Analysis of Cash Flow Information
233(1)
International Accounting Standards
234(2)
Summary
236(1)
Cases
237(4)
FARS Research
241(1)
Room for Debate
241(1)
Recommended Additional Readings
242(1)
8 WORKING CAPITAL
243(30)
Development of the Working Capital Concept
243(2)
Current Usage
245(1)
Components of Working Capital
246(1)
Current Assets
247(10)
Current Liabilities
257(1)
Financial Analysis of a Company's Working Capital Position
258(6)
International Accounting Standards
264(2)
Summary
266(1)
Cases
266(4)
FARS Research
270(1)
Room for Debate
271(1)
Recommended Additional Readings
271(2)
9 LONG-TERM ASSETS I: PROPERTY, PLANT, AND EQUIPMENT
273(31)
Property, Plant, and Equipment
273(6)
Financial Analysis of Property, Plant, and Equipment
279(1)
Cost Allocation
280(1)
Depreciation
280(4)
Capital and Revenue Expenditures
284(1)
Recognition and Measurement Issues
284(1)
Impairment of Value
285(3)
Accounting for Asset Retirement Obligations
288(3)
International Accounting Standards
291(6)
Summary
297(1)
Cases
297(5)
FARS Research
302(1)
Room for Debate
302(1)
Recommended Additional Readings
303(1)
10 LONG-TERM ASSETS II: INVESTMENTS AND INTANGIBLES 304(38)
Investments in Equity Securities
304(8)
Investments in Debt Securities
312(3)
Permanent Decline in Fair Value
315(1)
Impairment of Investments in Unsecuritized Debt
315(2)
Transfers of Financial Assets
317(1)
Intangibles
318(10)
International Accounting Standards
328(5)
Summary
333(1)
Cases
333(6)
FARS Research
339(1)
Room for Debate
340(1)
Recommended Additional Readings
340(2)
11 LONG-TERM LIABILITIES 342(41)
The Definition of Liabilities
343(1)
Recognition and Measurement of Liabilities
344(1)
Debt versus Equity
345(24)
Financial Analysis of Long-Term Debt
369(3)
International Accounting Standards
372(2)
Summary
374(1)
Cases
374(6)
FARS Research
380(1)
Room for Debate
381(1)
Recommended Additional Readings
381(2)
12 ACCOUNTING FOR INCOME TAXES 383(33)
Historical Perspective
383(2)
The Income Tax Allocation Issue
385(1)
Permanent and Temporary Differences
386(8)
Alternative Interperiod Tax Allocation Methods
394(7)
SFAS No. 109
401(5)
Financial Analysis of Income Taxes
406(3)
International Accounting Standards
409(1)
Summary
409(1)
Cases
410(4)
FARS Research
414(1)
Room for Debate
415(1)
Recommended Additional Readings
415(1)
13 LEASES 416(29)
Criteria for Classifying Leases
419(1)
Accounting and Reporting by Lessees under SFAS No. 13
420(12)
Financial Analysis of Leases
432(3)
International Accounting Standards
435(1)
Summary
436(1)
Cases
436(6)
FARS Research
442(1)
Room for Debate
443(1)
Recommended Additional Readings
443(2)
14 PENSIONS AND OTHER POSTRETIREMENT BENEFITS 445(25)
Historical Perspective
447(9)
Accounting for the Pension Fund
456(1)
The Employee Retirement Income Security Act
457(1)
Other Postretirement Benefits
457(3)
Financial Analysis of Retirement Benefits
460(3)
International Accounting Standards
463(2)
Summary
465(1)
Cases
465(3)
FARS Research
468(1)
Room for Debate
468(1)
Recommended Additional Readings
469(1)
15 EQUITY 470(34)
Theories of Equity
471(7)
Definition of Equity
478(1)
Reporting Equity
479(13)
Financial Analysis of Stockholders' Equity
492(3)
International Accounting Standards
495(1)
Summary
495(1)
Cases
495(6)
FARS Research
501(1)
Room for Debate
502(1)
Recommended Additional Readings
502(2)
16 ACCOUNTING FOR MULTIPLE ENTITIES 504(38)
Business Combinations
504(1)
Accounting for Business Combinations
505(5)
Consolidations
510(3)
Theories of Consolidation
513(1)
Noncontrolling Interest
514(3)
Drawbacks of Consolidation
517(1)
Special Purpose Entities
518(1)
Segment Reporting
519(3)
Foreign Currency Translation
522(9)
International Accounting Standards
531(4)
Summary
535(1)
Cases
536(3)
FARS Research
539(1)
Room for Debate
540(1)
Recommended Additional Readings
541(1)
17 FINANCIAL REPORTING DISCLOSURE REQUIREMENTS AND ETHICAL RESPONSIBILITIES 542(35)
Recognition and Measurement Criteria
542(4)
Areas Directly Affected by Existing FASB Standards-Supplementary Information
546(4)
Financial Reporting-Other Means of Financial Reporting
550(2)
All Information Useful for Investment, Credit, and Similar Decisions-Other Information
552(3)
Securities and Exchange Commission
555(6)
Ethical Responsibilities
561(6)
International Accounting Standards
567(1)
Summary
568(1)
Cases
568(6)
FARS Research
574(1)
Room for Debate
575(1)
Recommended Additional Readings
575(2)
Index 577

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