{"product_id":"financial-accounting-theory-and-analysis-isbn-9781119881223","title":"Financial Accounting Theory and Analysis","description":"\u003cp\u003eIn the newly revised fourteenth edition of \u003ci\u003eFinancial Accounting Theory and Analysis: Text and Cases,\u003c\/i\u003e a decorated team of accounting veterans delivers an authoritative exploration of how accounting standards impact the daily decisions of accounting professionals. You'll discover how accounting theory explains why particular companies select particular accounting methods and predicts the attributes of firms by analyzing the accounting methods they employ.\u003c\/p\u003e \u003cp\u003eThe authors examine the latest empirical research relevant to theories of accounting and the uses of accounting information, including the fundamental analysis model, the efficient markets hypothesis, the behavioral finance model, the positive accounting theory model, and more.\u003c\/p\u003e \u003cp\u003eThis latest edition robustly summarizes current disclosure requirements for various financial statement items and reviews the development and current state of accounting theory. It also includes:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eDiscussions of the decline of the movement to adopt international accounting standards in the United States\u003c\/li\u003e \u003cli\u003eCoverage of the proposed IASB amendment to require reporting on ESG metrics\u003c\/li\u003e \u003cli\u003eExplorations of recent attempts to promote relevant and practical accounting research in academia\u003c\/li\u003e \u003cli\u003eUpdated analysis exercises for real-world financial statements\u003c\/li\u003e \u003cli\u003eAnalysis of the differences between FASB and IASB accounting standards pertaining to fair value\u003c\/li\u003e \u003cli\u003eCoverage of the changes related to stock compensation contained in ASU 2021-04 and ASU 2018-07\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePreface v\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 The Development of Accounting Theory 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Early History of Accounting 2\u003c\/p\u003e \u003cp\u003eAccounting in the United States Since 1930 5\u003c\/p\u003e \u003cp\u003eThe Role of Ethics in Accounting 22\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 26\u003c\/p\u003e \u003cp\u003eCases 27\u003c\/p\u003e \u003cp\u003eFASB ASC Research 29\u003c\/p\u003e \u003cp\u003eRoom for Debate 29\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Pursuit of the Conceptual Framework 30\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Early Theorists 30\u003c\/p\u003e \u003cp\u003eEarly Authoritative and Semiauthoritative Attempts to Develop the Conceptual Framework of Accounting 32\u003c\/p\u003e \u003cp\u003eStatement on Accounting Theory and Theory Acceptance 38\u003c\/p\u003e \u003cp\u003eThe FASB’s Conceptual Framework Project 41\u003c\/p\u003e \u003cp\u003eInternational Convergence 66\u003c\/p\u003e \u003cp\u003eCases 74\u003c\/p\u003e \u003cp\u003eFASB ASC Research 76\u003c\/p\u003e \u003cp\u003eRoom for Debate 77\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 International Accounting 78\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInternational Business Accounting Issues 79\u003c\/p\u003e \u003cp\u003eThe Development of Accounting Systems 79\u003c\/p\u003e \u003cp\u003ePreparation of Financial Statements for Foreign Users 81\u003c\/p\u003e \u003cp\u003eThe International Accounting Standards Committee 81\u003c\/p\u003e \u003cp\u003eThe Uses of International Accounting Standards 92\u003c\/p\u003e \u003cp\u003eThe IASC and the IOSCO 94\u003c\/p\u003e \u003cp\u003eThe IASB Annual Improvements Project 95\u003c\/p\u003e \u003cp\u003eIASB–FASB Convergence 96\u003c\/p\u003e \u003cp\u003eThe Effects of International versus US GAAP Accounting Standards 97\u003c\/p\u003e \u003cp\u003eStandards Overload 100\u003c\/p\u003e \u003cp\u003eFramework for the Preparation and Presentation of Financial Statements 101\u003c\/p\u003e \u003cp\u003eThe IASB–FASB Financial Statement Presentation Project 110\u003c\/p\u003e \u003cp\u003eCases 112\u003c\/p\u003e \u003cp\u003eFASB ASC Research 114\u003c\/p\u003e \u003cp\u003eRoom for Debate 114\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 The Status Development and Uses of Financial Reporting 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Financial Reporting Environment 115\u003c\/p\u003e \u003cp\u003eResearch Methodology 118\u003c\/p\u003e \u003cp\u003eThe Outcomes of Providing Accounting Information 121\u003c\/p\u003e \u003cp\u003eThe Relationship Among Accounting Research Education and Practice 147\u003c\/p\u003e \u003cp\u003eCases 149\u003c\/p\u003e \u003cp\u003eFASB ASC Research 152\u003c\/p\u003e \u003cp\u003eRoom for Debate 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 Income Concepts Revenue Recognition and Other Methods of Reporting 154\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Nature of Income 155\u003c\/p\u003e \u003cp\u003eEconomic Versus Accounting Income 159\u003c\/p\u003e \u003cp\u003eRevenue Recognition 161\u003c\/p\u003e \u003cp\u003eMatching 180\u003c\/p\u003e \u003cp\u003eIncome Recognition Constraints 182\u003c\/p\u003e \u003cp\u003eNon- GAAP Measures of Performance 183\u003c\/p\u003e \u003cp\u003eSustainability Reporting 186\u003c\/p\u003e \u003cp\u003eEarnings Quality Earnings Management and Fraudulent Financial Reporting 191\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 197\u003c\/p\u003e \u003cp\u003eCases 203\u003c\/p\u003e \u003cp\u003eFASB ASC Research 206\u003c\/p\u003e \u003cp\u003eRoom for Debate 207\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 Financial Statement I: The Income Statement 208\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Economic Consequences of Financial Reporting 208\u003c\/p\u003e \u003cp\u003eIncome Statement Elements 208\u003c\/p\u003e \u003cp\u003eStatement Format 210\u003c\/p\u003e \u003cp\u003eThe Value of Corporate Earnings 233\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 238\u003c\/p\u003e \u003cp\u003eCases 243\u003c\/p\u003e \u003cp\u003eFASB ASC Research 246\u003c\/p\u003e \u003cp\u003eRoom for Debate 246\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 Financial Statements II: The Balance Sheet and the Statement of Cash Flows 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Balance Sheet 247\u003c\/p\u003e \u003cp\u003eFair Value Measurements 259\u003c\/p\u003e \u003cp\u003eEvaluating a Company’s Financial Position 266\u003c\/p\u003e \u003cp\u003eThe Statement of Cash Flows 269\u003c\/p\u003e \u003cp\u003eFinancial Analysis of Cash- Flow Information 279\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 280\u003c\/p\u003e \u003cp\u003eFASB ASC Research 291\u003c\/p\u003e \u003cp\u003eRoom for Debate 292\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 Working Capital 293\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDevelopment of the Working Capital Concept 293\u003c\/p\u003e \u003cp\u003eCurrent Usage 295\u003c\/p\u003e \u003cp\u003eComponents of Working Capital 295\u003c\/p\u003e \u003cp\u003eWorking Capital Management 306\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 314\u003c\/p\u003e \u003cp\u003eCases 316\u003c\/p\u003e \u003cp\u003eFASB ASC Research 319\u003c\/p\u003e \u003cp\u003eRoom for Debate 319\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Long- Term Assets I: Property Plant and Equipment 321\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eProperty Plant and Equipment 321\u003c\/p\u003e \u003cp\u003eFinancial Analysis of Property Plant and Equipment 326\u003c\/p\u003e \u003cp\u003eCost Allocation 326\u003c\/p\u003e \u003cp\u003eCapital and Revenue Expenditures 329\u003c\/p\u003e \u003cp\u003eRecognition and Measurement Issues 330\u003c\/p\u003e \u003cp\u003eImpairment of Value 330\u003c\/p\u003e \u003cp\u003eAccounting for Asset Retirement Obligations 333\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 335\u003c\/p\u003e \u003cp\u003eCases 341\u003c\/p\u003e \u003cp\u003eFASB ASC Research 345\u003c\/p\u003e \u003cp\u003eRoom for Debate 346\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Long- Term Assets II: Investments and Intangibles 347\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestments in Equity Securities 347\u003c\/p\u003e \u003cp\u003eInvestments in Debt Securities 355\u003c\/p\u003e \u003cp\u003eImpairment of Investments in Unsecuritized Debt Including Receivables and Loans 359\u003c\/p\u003e \u003cp\u003eThe Fair Value Option for Financial Assets 363\u003c\/p\u003e \u003cp\u003eTransfers of Financial Assets 364\u003c\/p\u003e \u003cp\u003eCryptocurrency 376\u003c\/p\u003e \u003cp\u003eFinancial Analysis of Investments and Intangibles 379\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 379\u003c\/p\u003e \u003cp\u003eCases 390\u003c\/p\u003e \u003cp\u003eFASB ASC Research 394\u003c\/p\u003e \u003cp\u003eRoom for Debate 394\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 Long- Term Liabilities 395\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Definition of Liabilities 395\u003c\/p\u003e \u003cp\u003eRecognition and Measurement of Liabilities 396\u003c\/p\u003e \u003cp\u003eDebt versus Equity 397\u003c\/p\u003e \u003cp\u003eClassification of Long- Term Debt 400\u003c\/p\u003e \u003cp\u003eOther Liability Measurement Issues 414\u003c\/p\u003e \u003cp\u003eReference Rate Reform 422\u003c\/p\u003e \u003cp\u003eTroubled Debt Restructurings 424\u003c\/p\u003e \u003cp\u003eFinancial Analysis of Long- Term Debt 426\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 428\u003c\/p\u003e \u003cp\u003eCases 437\u003c\/p\u003e \u003cp\u003eFASB ASC Research 440\u003c\/p\u003e \u003cp\u003eRoom for Debate 441\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Accounting for Income Taxes 442\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistorical Perspective 442\u003c\/p\u003e \u003cp\u003eThe Income Tax Allocation Issue 444\u003c\/p\u003e \u003cp\u003ePermanent and Temporary Differences 444\u003c\/p\u003e \u003cp\u003eConceptual Issues 448\u003c\/p\u003e \u003cp\u003eAlternative Interperiod Tax Allocation Methods 452\u003c\/p\u003e \u003cp\u003eFinancial Statement Disclosure 460\u003cbr\u003e FIN No. 48 “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB Statement No. 109” 462\u003c\/p\u003e \u003cp\u003eThe Tax Cuts and Jobs Act of 2017 463\u003c\/p\u003e \u003cp\u003eFinancial Analysis of Income Taxes 466\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 469\u003c\/p\u003e \u003cp\u003eCases 472\u003c\/p\u003e \u003cp\u003eFASB ASC Research 475\u003c\/p\u003e \u003cp\u003eRoom for Debate 476\u003c\/p\u003e \u003cp\u003e\u003cb\u003e13 Leases 477\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting for Leases 478\u003c\/p\u003e \u003cp\u003eSubsequent Developments 489\u003c\/p\u003e \u003cp\u003eASU 2016- 02 (FASB ASC 842) 491\u003c\/p\u003e \u003cp\u003eLease Agreements Affected by ASU 2020- 04 Reference Rate Reform 502\u003c\/p\u003e \u003cp\u003eFinancial Analysis of the Effects of Capitalizing Operating Leases 503\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 506\u003c\/p\u003e \u003cp\u003eCases 511\u003c\/p\u003e \u003cp\u003eFASB ASC Research 516\u003c\/p\u003e \u003cp\u003eRoom for Debate 517\u003c\/p\u003e \u003cp\u003e\u003cb\u003e14 Pensions and Other Postretirement Benefits 518\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHistorical Perspective 520\u003c\/p\u003e \u003cp\u003eAccounting for the Pension Fund 531\u003c\/p\u003e \u003cp\u003eThe Employee Retirement Income Security Act 531\u003c\/p\u003e \u003cp\u003eOther Postretirement Benefits 532\u003c\/p\u003e \u003cp\u003ePostemployment Benefits 534\u003c\/p\u003e \u003cp\u003eSFAS No. 132 534\u003c\/p\u003e \u003cp\u003eSFAS No. 158 534\u003c\/p\u003e \u003cp\u003eFinancial Analysis of Pension and Other Postretirement Benefits 536\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 537\u003c\/p\u003e \u003cp\u003eCases 539\u003c\/p\u003e \u003cp\u003eFASB ASC Research 543\u003c\/p\u003e \u003cp\u003eRoom for Debate 544\u003c\/p\u003e \u003cp\u003e\u003cb\u003e15 Equity 545\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTheories of Equity 545\u003c\/p\u003e \u003cp\u003eDefinition of Equity 550\u003c\/p\u003e \u003cp\u003eThe Distinction Between Debt and Equity 551\u003c\/p\u003e \u003cp\u003eReporting Equity 553\u003c\/p\u003e \u003cp\u003eFinancial Analysis of Stockholders’ Equity 565\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 567\u003c\/p\u003e \u003cp\u003eCases 569\u003c\/p\u003e \u003cp\u003eFASB ASC Research 573\u003c\/p\u003e \u003cp\u003eRoom for Debate 574\u003c\/p\u003e \u003cp\u003e\u003cb\u003e16 Accounting for Multiple Entities 575\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusiness Combinations 575\u003c\/p\u003e \u003cp\u003eAccounting for Business Combinations 576\u003c\/p\u003e \u003cp\u003eConsolidations 582\u003c\/p\u003e \u003cp\u003eTheories of Consolidation 589\u003c\/p\u003e \u003cp\u003eNoncontrolling Interest 590\u003c\/p\u003e \u003cp\u003eDrawbacks of Consolidation 593\u003c\/p\u003e \u003cp\u003eSpecial Purpose Acquisition Companies 594\u003c\/p\u003e \u003cp\u003eSegment Reporting 596\u003c\/p\u003e \u003cp\u003eForeign Currency Translation 601\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 609\u003c\/p\u003e \u003cp\u003eCases 621\u003c\/p\u003e \u003cp\u003eFASB ASC Research 624\u003c\/p\u003e \u003cp\u003eRoom for Debate 625\u003c\/p\u003e \u003cp\u003e\u003cb\u003e17 Financial Reporting Disclosure Requirements and Ethical Responsibilities 626\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRecognition and Measurement Criteria 626\u003c\/p\u003e \u003cp\u003eAreas Directly Affected by Existing FASB Standards: Supplementary Information 632\u003c\/p\u003e \u003cp\u003eFinancial Reporting: Other Means of Financial Reporting 640\u003c\/p\u003e \u003cp\u003eAll Information Useful for Investment Credit and Similar Decisions: Other Information 643\u003c\/p\u003e \u003cp\u003eSecurities and Exchange Commission Disclosure Requirements 645\u003c\/p\u003e \u003cp\u003eEthical Responsibilities 655\u003c\/p\u003e \u003cp\u003eInternational Accounting Standards 663\u003c\/p\u003e \u003cp\u003eCases 666\u003c\/p\u003e \u003cp\u003eFASB ASC Research 670\u003c\/p\u003e \u003cp\u003eRoom for Debate 670\u003c\/p\u003e \u003cp\u003eIndex I- 1\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989209039077,"sku":"NP9781119881223","price":107.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119881223.jpg?v=1761783214","url":"https:\/\/k12savings.com\/products\/financial-accounting-theory-and-analysis-isbn-9781119881223","provider":"K12savings","version":"1.0","type":"link"}