1st Edition

The Routledge Companion to Financial Accounting Theory

Edited By Stewart Jones Copyright 2015
    558 Pages
    by Routledge

    558 Pages 12 B/W Illustrations
    by Routledge

    Financial accounting theory has numerous practical applications and policy implications, for instance, international accounting standard setters are increasingly relying on theoretical accounting concepts in the creation of new standards; and corporate regulators are increasingly turning to various conceptual frameworks of accounting to guide regulation and the interpretation of accounting practices.

    The global financial crisis has also led to a new found appreciation of the social, economic and political importance of accounting concepts generally and corporate financial reporting in particular. For instance, the fundamentals of capital market theory (i.e. market efficiency) and measurement theory (i.e. fair value) have received widespread public and regulatory attention.

    This comprehensive, authoritative volume provides a prestige reference work which offers students, academics, regulators and practitioners a valuable resource containing the current scholarship and practice in the established field of financial accounting theory.

    1. Development of Financial Accounting Theory  2. History of Financial Accounting Theory in Britain  3. Financial Accounting and Reporting in the United States of America: 1820-2010, Toward the sunshine from the shadows  4. Evolution of Early Practice Descriptive Theory in Accounting  5. Accounting and the Decision Usefulness Framework  6. Price Variation and Inflation Accounting Research  7. Standard Setting, Politics and Change Management: A personal perspective  8. International Differences in IFRS Adoptions and IFRS Practices  9. Fair Value and the Great Financial Crisis  10. Fair Value and IFRS  11. Valuation Models: An issue of accounting theory  12. Earnings Management: Implications and controversies  13. Agency Theory: Usefulness and implications for financial accounting  14. Disclosure and the Cost of Capital: A survey of the theoretical literature 15. A Bayesian Understanding of Information Uncertainty and the Cost of Capital 16. Controlling for Risk in Accounting Research  17. Financial Measurement and Financial Markets  18. Social Theorisation of Accounting: Challenges to Positive Research  19. True and Fair, A Business Ethos ‘Par Excellence’  20. Accounting for the Carbon Challenge  21. Corporate Sustainability Reporting: Theory and practice  


    Stewart Jones is Professor of Accounting at the University of Sydney, Australia. He is co-author of the bestselling textbook Financial Accounting Theory, Third Edition (2009, Cengage) and edits the prestigious accounting journal, Abacus

    'What appears from reading this excellent book is that the accounting field, through its literature and practice, has well reflected the richness of the discipline by presenting a spectrum of images, foundations, approaches, methodologies, structures, and paradigms. This book is an exhaustive coverage of the multiparadigmatic nature of accounting research.' - Ahmed Riahi-Belkaoui, Emeritus Professor, The University of Illinois at Chicago, USA

    'This volume represents an important and valuable resource for accounting researchers, students, and practitioners. It is a must read for anyone interested in the broad spectrum of approaches to accounting scholarship available.' - Greg Clinch, Professor, University of Melbourne, Australia

    'A great read and informative encyclopedic journey taking us from the start of accounting thoughts to the problems and theories of the day. Different chapters are authored by different people but the book flows smoothly as if it was written by one author. It covers the institutional and conceptual issues of concern in modern day accounting theory. It is a book for all seasons.' - A. Rashad Abdel-Khalik, Professor, the University of Illinois at Urbana-Champaign, USA