Accounting Theory

AUTHORS Jayne Godfrey, Monash University Allan Hodgson, University of Amsterdam Scott Holmes, University of Newcastle Ann Tarca, University of Western Australia DESCRIPTION Accounting Theory 6e is the new edition of this widely respected accounting theory textbook. The new edition has been updated in accordance with the new IASB Framework and addresses the differences in reported information as a consequence of international harmonisation of accounting standards and accounting choices. Throughout this edition, new developments in accounting theory are supported with links to professional experiences, both locally and internationally. The Framework of the International Financial Reporting Standards (IFRS) has required significant consolidation and rewriting of chapters. More than ever, the focus of this new edition is to provide students with an understanding of the Framework and how accounting information can be interpreted and applied in practice. The new edition continues to provide the latest research and the most comprehensive discussion of material whilst maintaining its critical perspective. NEW TO THIS EDITION * New author, Ann Tarca, whose research focus is on international financial reporting standards and practices. She has a particular interest in international issues including standard setting, regulation and enforcement.* Part 4 \'Accounting regulation and specific issues\' has been thoroughly revised in accordance with the IASB Framework* The adoption of \'fair value accounting\', as a consequence of IFRS, has now elevated Chapter 15 \'Measurement of assets and liabilities\' to a higher level * New and expanded \'Theory in Action\' chapter vignettes and end of chapter case studies illustrate and apply the principles of accounting theory. FEATURES * Increased pedagogy to ensure student understanding of the key concepts, such as:* New chapter \'Summary\' reiterates key chapter learning objectives* New \'Theory in Action\' chapter vignettes* New end of chapter activities, including case studies that will apply understanding to professional events * Thorough revision in accordance with IASB Framework together with SAC1 and SAC 2 that make up the conceptual framework in Australia *\'International View\' vignettes highlight international opinions and approaches to accounting theories* End of book glossary is ideal for studying key terms ABOUT THE AUTHORS Prof. Jayne Godfrey, BCom (Hons), DipEd, MEc, PhD, is Deputy Dean - Research at Monash University Faculty of Business and Economics. Her extensive list of publications in high quality internationally refereed journals draw upon a range of accounting theories. Jayne serves on editorial boards and referees for international and Australian journals. For her service to Australian society through business leadership, Jayne was awarded Australia\'s Centenary Medal. A past member of the Australian Accounting Standards Board, and past President of the Accounting Association of Australia and New Zealand, she frequently addresses international and national audiences concerning accounting research issues. Jayne\'s research focuses upon the role of accounting in generating and distributing economic resources - including the contracting and capital market causes and consequences of earnings management, and auditor specialisation. Prof. Allan Hodgson, BEc (Hons), MEc, PhD (ANU), is Professor of Financial Accounting and Head of Accounting and Control at the University of Amsterdam in the Netherlands. He has lectured in accounting theory and financial statement analysis for the past twenty five years at tertiary institutions in Europe, Australia, the UK and the US. His research interests include derivative markets, the relevance of accounting variables for firm and intangible pricing, and corporate governance with a focus on insider-trading. Prof. Scott Holmes B.Com. (N\'cle), PhD (ANU) FCPA is currently Dean of Graduate Studies and Professor of Accounting, The University of Newcastle and Adjunct Professor UQ Business School, The University of Queensland. Scott has held academic positions at a number of universities, including: Australian National University, QUT, University of Queensland, University of Arizona and University of Oregon. Scott has published widely within the accounting literature and has served as an editor/associate editor of the Accounting Research Journal for the past 13 years. He has also acted as a consultant to several of the multinational accounting firms. In 2004 Scott was made a life member of the Small Enterprise Association of Australia and New Zealand in recognition of his research in the area of small firm financial management and reporting. Scott\'s current research focus is on valuing and accounting for biodiverse assets at both the corporate and macro levels. Dr Ann Tarca, PhD, MAcc, BCom, is a senior lecturer in accounting in the Business School at the University of Western Australia. She has over 15 years teaching experience, with the last ten years being spent at UWA working with both undergraduate and post-graduate students. Following from her experience as a chartered accountant in public practice, her research has focused on financial reporting standards and practices. She has a particular interest in international issues including standard setting, regulation and enforcement.