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Description of Accounting Theory

This fifth edition of Accounting Theory presents the principal approaches and proposed solutions to the problem of formulating an accounting theory and brings the book up to date with the latest theoretical developments. Accounting theory is a highly complex subject for students to understand. No single generally accepted theory has been created, despite many attempts. Different assumptions and methodologies have resulted in a variety of frameworks, which some experts find acceptable. But it is vital to uphold the consistent standards that define the nature, function and scope of financial statements and the techniques for producing them. To understand how accounting theories are constructed and verified is to understand the essence of accounting.

Title Information

ISBN:

9781844800292

Pages:

576 pages

Format:

Paperback

Product Code:

20196

Publisher:

Cengage Learning EMEA

Published:

26/02/2004

Edition:

5th edition

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About Ahmed Riahi-Belkaoui

Ahmed Riahi-Belkaoui is Professor of Accounting at the University of Illinois in Chicago. His research interests include accounting theory and international facets of financial reporting. He has published 30 books, including International and Multinational Accounting (The Dryden Press) and over 80 articles and reviews.

Contents of Accounting Theory

1. The history and development of accounting

2. The nature and uses of accounting

3. The structure of an accounting theory

4. The traditional approaches to the formulation of an accounting theory

5. The regulatory approach to the formulation of an accounting theory

6. A conceptual framework for financial accounting and reporting

7. Postulates, concepts and principles in accounting

8. Fairness, disclosure and future trends in accounting

9. Research perspectives in accounting

10. Accounting: a multiple paradigm science

11. The events and behavioral approaches

12. The predictive approach to theory

13. Positive accounting theory

14. Current-value accounting

15. General price-level accounting

16. Alternative asset-valuation and income-determination models