Contemporary Issues in Accounting is written for upper level, advanced financial accounting subjects. The text explores advanced accounting concepts and policies by applying them to a range of contemporary accounting issues. The accounting topics discussed reflect the issues that are being considered in professional practice such as approaches to measurement, fair value accounting, the Conceptual Framework for financial reporting, corporate governance, environmental accounting and sustainability, earnings management and the financial indicators of corporate collapse. The practical orientation of the text makes it ideal for a capstone subject whereby students can use their accounting knowledge attained during their studies to discuss, analyse and critically evaluate a range of issues they are likely to deal with once they enter the profession.

InhaltsangabeCHAPTER 1 Contemporary issues in accounting 1 CHAPTER 2 The Conceptual Framework for Financial Reporting 23 CHAPTER 3 Standard setting 61 CHAPTER 4 Measurement 89 CHAPTER 5 Theories in accounting 131 CHAPTER 6 Products of the nancial reporting process 159 CHAPTER 7 Corporate governance 185 CHAPTER 8 Capital market research and accounting 223 CHAPTER 9 Earnings management 255 CHAPTER 10 Fair value accounting 275 CHAPTER 11 Sustainability and environmental accounting 313 CHAPTER 12 International accounting 341 CHAPTER 13 Corporate failure 363 CHAPTER 14 Special reporting issues 383