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Book chapter
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Reference no. MHE0060BC
Chapter from: "Financial Accounting Theory"
Published by: McGraw Hill Education
Published in: 2006

Abstract

Chapter 3. Written for the senior undergraduate accounting and postgraduate student, Financial Accounting Theory retains the same basic strengths that made its predecessor a market leader. It has a writing style that is easy to read and understand, includes critical evaluation and balanced discussion of different theories of accounting that will spark student interest. The book also develops analytical reasoning by challenging students to think about accounting issues at hand, and formulate opinions. The learning objectives of this chapter are to: (1) understand some of the various theoretical arguments that have been proposed in favour of reducing the extent of regulation of financial accounting; (2) understand some of the various theoretical arguments for regulating the practice of financial accounting; (3) understand various theoretical perspectives that describe who is likely to gain the greatest advantage from the implementation of accounting regulation; (4) understand that accounting standard-setting is a very political process which seeks the views of a broad cross-section of account users; and (5) understand the relevance to the accounting standard-setting process of potential economic and social impacts arising from accounting regulations.

About

Abstract

Chapter 3. Written for the senior undergraduate accounting and postgraduate student, Financial Accounting Theory retains the same basic strengths that made its predecessor a market leader. It has a writing style that is easy to read and understand, includes critical evaluation and balanced discussion of different theories of accounting that will spark student interest. The book also develops analytical reasoning by challenging students to think about accounting issues at hand, and formulate opinions. The learning objectives of this chapter are to: (1) understand some of the various theoretical arguments that have been proposed in favour of reducing the extent of regulation of financial accounting; (2) understand some of the various theoretical arguments for regulating the practice of financial accounting; (3) understand various theoretical perspectives that describe who is likely to gain the greatest advantage from the implementation of accounting regulation; (4) understand that accounting standard-setting is a very political process which seeks the views of a broad cross-section of account users; and (5) understand the relevance to the accounting standard-setting process of potential economic and social impacts arising from accounting regulations.

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