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Book chapter
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Reference no. MHE0061BC
Chapter from: "Financial Accounting Theory"
Published by: McGraw Hill Education
Published in: 2006

Abstract

Chapter 4. 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) appreciate that there are important differences between the accounting policies and practices adopted in different countries; (2) understand various theoretical explanations about why countries adopt particular accounting practices in preference to others; (3) be able to explain what is meant by the term harmonisation (or standardisation) of accounting; (4) be able to identify and explain some of the perceived benefits of, and obstacles to, harmonising or standardising accounting practices on an international scale; and (5) understand the key factors which are leading to greater international harmonisation of accounting - especially within the European Union.

About

Abstract

Chapter 4. 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) appreciate that there are important differences between the accounting policies and practices adopted in different countries; (2) understand various theoretical explanations about why countries adopt particular accounting practices in preference to others; (3) be able to explain what is meant by the term harmonisation (or standardisation) of accounting; (4) be able to identify and explain some of the perceived benefits of, and obstacles to, harmonising or standardising accounting practices on an international scale; and (5) understand the key factors which are leading to greater international harmonisation of accounting - especially within the European Union.

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