The Routledge Companion to Financial Accounting Theory: 1st Edition (Hardback) book cover

The Routledge Companion to Financial Accounting Theory

1st Edition

Edited by Stewart Jones


538 pages | 12 B/W Illus.

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Hardback: 9780415660280
pub: 2015-06-05
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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

Table of Contents

1. Development of Financial Accounting Theory (Stewart Jones) 2. History of Financial Accounting Theory in Britain (Richard Edwards) 3. Financial Accounting and Reporting in the United States of America: 1820-2010, Toward the sunshine from the shadows (Gary J Previts and Dale L Flesher) 4. Evolution of Early Practice Descriptive Theory in accounting (Stewart Jones and Max Aiken) 5. Accounting and the Decision Usefulness Framework (Thomas A Lee) 6. Price Variation and Inflation Accounting Research (R.J. Chambers) 7. Standard Setting, Politics and Change Management: A personal perspective (Sir David Tweedie) 8. International Differences in IFRS Adoptions and IFRS Practices (Chris Nobes) 9. Fair Value and the Great Financial Crisis (Amir Amel-Zadehb and Geoff Meeks) 10. Fair Value and IFRS (Geoff Whittington) 11. Valuation Models: An issue of accounting theory (Stephan Penman) 12. Earnings Management: Implications and controversies (Joshua Ronen and Varda Yaari) 13. Agency Theory: Usefulness and implications for financial accounting (Alfred Wagenhofer) 14. Disclosure and the Cost of Capital: A survey of the theoretical literature (Jeremy Bertomeu and Edwige Cheynel) 15. A Bayesian Understanding of Information Uncertainty and the Cost of Capital (David Johnstone) 16. Controlling for Risk in Accounting Research (Nuno Soares and Andrew W. Stark) 17. Financial Measurement and Financial Markets (Mike Dempsey and Stewart Jones) 18. Social Theorisation of Accounting: Challenges to Positive Research (Trevor Hopper, Junaid Ashraf, Shahzad Uddin and Danture Wickramasinghe) 19. True and Fair, A Business Ethos ‘Par Excellence’ (Graeme Dean and Frank Clarke) 20. Accounting for the Carbon Challenge (Janek Ratnatunga and Stewart Jones) 21. Corporate Sustainability Reporting: Theory and practice (Geoff Frost and Stewart Jones)



About the Editor

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

About the Series

Routledge Companions in Business, Management and Accounting

Routledge Companions in Business, Management and Accounting are prestige reference works which provide an overview of a whole subject area or sub-discipline. These books survey the state of the discipline including emerging and cutting edge areas. Providing a comprehensive, up to date, definitive work of reference, Routledge Companions can be cited as an authoritative source on the subject.

Edited by an array of highly regarded scholars, these volumes also benefit from teams of contributors which reflect an international range of perspectives. Individually, Routledge Companions in Business, Management and Accounting provide an impactful one-stop-shop resource for each theme covered. Collectively, they represent a comprehensive learning and research resource for researchers, postgraduate students and reflective practitioners.

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Accounting / General
BUSINESS & ECONOMICS / Accounting / Financial