The Routledge Companion to Financial Accounting Theory
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.
'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