ABSTRACT
Financial accounting, reporting and regulation is a vast subject area of huge global importance, with interest rising significantly in the light of the ongoing global financial crisis.
The authors begin with a broad overview of the subject of accounting, setting the stage for a discussion on the theoretical and practical issues and debates regarding financial reporting, which are expanded on in the second part of the book. This includes how to define the reporting entity, recognition and measurement of the elements of financial statements, fair values in financial reporting and the costs and benefits of disclosure. The third part assesses the interest, need and theories behind the accounting, reporting and regulation industry, while parts four and five look at the institutional, social and economic aspects; with issues such as accounting for environmental management and, accounting regulation and financial reporting in Islamic countries, both issues of ever increasing importance.
This authoritative Companion presents a broad overview of the state of these disciplines today, and will provide a comprehensive reference source for students and academics involved in accounting, regulation and reporting.
Part I: Accounting 1. What is Accounting? 2. Methodology in Financial Accounting Theory 3. Fundamental Issues in Financial Accounting and Reporting Theory 4. Continental European Accounting Theory: Evolution and Evaluation 5. English Language Theories of Financial Reporting Part II: Reporting 6. Recognition and Measurement 7. Fair Value and Financial Reporting 8. Costs and Benefits of Disclosure 9. Auditing Part III: (International) Accounting Standard Setting and Regulation 10. The Public Interest in International Financial Accounting, Reporting and Regulation 11. Perspectives on the Roles of and Need for Accounting Regulation 12. Economic Theory of Financial Reporting Regulation 13. Global Convergence of Accounting Standards 14. The Role of Conceptual Frameworks in Accounting Standard-Setting 15. The Application of IFRS Across Different Institutional Environments Part IV: Institutional Aspects of (International) Financial Reporting Regulation 16. The International Accounting Standards Board 17. Influences on the Standard-setting and Regulatory Process 18. Stock Exchanges and International Financial Reporting Regulation 19. Auditors and International Financial Reporting 20. Multinational Corporations and IFRS 21. The IFRS for SMEs Part V: Social and Economic Aspects of (International) Financial Reporting Regulation 22. Socio-economic Consequences of IFRSs 23. Turf Wars or Missionary Zeal: IFRS, IFAC, the World Bank and the IMF 24. Accounting Regulation in Emerging Markets and Newly Industrialising Countries 25. Accounting Regulation and IFRS in Islamic Countries 26. Accounting Tools for Environmental Management and Communication
