You are previewing Financial Accounting Theory and Analysis: Text and Cases, 11th Edition.
O'Reilly logo
Financial Accounting Theory and Analysis: Text and Cases, 11th Edition

Book Description

Financial Accounting Theory and Analysis 11th Edition continues to focus on showing readers how accounting standards directly affect daily decision making on the job. Richard Schroeder, Myrtle Clark, and Jack Cathey have updated, refocused, and revised the 11th edition of Financial Accounting Theory and Analysis to provide students and professionals with the theoretical background they need to keep up with convergence issues and succeed in today's increasingly global economy. The 11th Edition incorporates all new standards or exposure drafts from the FASB and IASB released, including an updated revenue recognition section with an integrated discussion from FASB of the "milestone method."

Table of Contents

  1. Cover Page
  2. Title Page
  3. Copyright
  4. Preface
  5. Contents
  6. CHAPTER 1: The Development of Accounting Theory
    1. The Early History of Accounting
    2. Accounting in the United States since 1930
    3. The Role of Ethics in Accounting
    4. International Accounting Standards
    5. Cases
    6. FASB ASC Research
    7. Room for Debate
  7. CHAPTER 2: The Pursuit of the Conceptual Framework
    1. The Early Theorists
    2. Early Authoritative and Semi-Authoritative Organizational Attempts to Develop the Conceptual Framework of Accounting
    3. The FASB's Conceptual Framework Project
    4. Principles-Based versus Rules-Based Accounting Standards
    5. International Convergence
    6. Cases
    7. FASB ASC Research
    8. Room for Debate
  8. CHAPTER 3: International Accounting
    1. International Business Accounting Issues
    2. The Development of Accounting Systems
    3. Preparation of Financial Statements for Foreign Users
    4. The International Accounting Standards Committee
    5. The IFRS Foundation Constitution
    6. The Uses of International Accounting Standards
    7. The IASC and the IOSCO
    8. The IASB Annual Improvements Project
    9. The Use of IASC Standards
    10. The IASB–FASB Convergence Project
    11. The Effects of International versus U.S. GAAP Accounting Standards
    12. Standards Overload
    13. Framework for the Preparation and Presentation of Financial Statements
    14. IAS No. 1 and IFRS No. 1
    15. Cases
    16. FASB ASC Research
    17. Room for Debate
  9. CHAPTER 4: Research Methodology and Theories on the Uses of Accounting Information
    1. Research Methodology
    2. The Outcomes of Providing Accounting Information
    3. The Relationship among Research, Education, and Practice
    4. Cases
    5. FASB ASC Research
    6. Room for Debate
  10. CHAPTER 5: Income Concepts
    1. The Nature of Income
    2. Income Recognition
    3. Earnings Quality, Earnings Management, and Fraudulent Financial Reporting
    4. Cases
    5. FASB ASC Research
    6. Room for Debate
  11. CHAPTER 6: Financial Statement I: The Income Statement
    1. The Economic Consequences of Financial Reporting
    2. Income Statement Elements
    3. Statement Format
    4. Proposed Format of the Statement of Comprehensive Income
    5. The Value of Corporate Earnings
    6. International Accounting Standards
    7. Cases
    8. FASB ASC Research
    9. Room for Debate
  12. CHAPTER 7: Financial Statements II: The Balance Sheet and the Statement of Cash Flows
    1. The Balance Sheet
    2. Fair Value Measurements under SFAS No. 157
    3. Proposed Format of the Statement of Financial Position
    4. Evaluating a Company's Financial Position
    5. The Statement of Cash Flows
    6. Financial Analysis of Cash-Flow Information
    7. International Accounting Standards
    8. Cases
    9. FASB ASC Research
    10. Room for Debate
  13. CHAPTER 8: Working Capital
    1. Development of the Working Capital Concept
    2. Current Usage
    3. Components of Working Capital
    4. Financial Analysis of a Company's Working Capital Position
    5. International Accounting Standards
    6. Cases
    7. FASB ASC Research
    8. Room for Debate
  14. CHAPTER 9: Long-Term Assets I: Property, Plant, and Equipment
    1. Property, Plant, and Equipment
    2. Financial Analysis of Property, Plant, and Equipment
    3. International Accounting Standards
    4. Cases
    5. FASB ASC Research
    6. Room for Debate
  15. CHAPTER 10: Long-Term Assets II: Investments and Intangibles
    1. Investments in Equity Securities
    2. Investments in Debt Securities
    3. Impairment of Investments in Unsecuritized Debt
    4. Transfers of Financial Assets
    5. Intangibles
    6. Financial Analysis of Investments and Intangibles
    7. International Accounting Standards
    8. Cases
    9. FASB ASC Research
    10. Room for Debate
  16. CHAPTER 11: Long-Term Liabilities
    1. The Definition of Liabilities
    2. Recognition and Measurement of Liabilities
    3. Debt versus Equity
    4. Classification of Long-Term Debt
    5. Other Liability Measurement Issues
    6. Troubled Debt Restructurings
    7. International Accounting Standards
    8. Cases
    9. FASB ASC Research
    10. Room for Debate
  17. CHAPTER 12: Accounting for Income Taxes
    1. Historical Perspective
    2. The Income Tax Allocation Issue
    3. SFAS No. 109
    4. Financial Analysis of Income Taxes
    5. International Accounting Standards
    6. Cases
    7. FASB ASC Research
    8. Room for Debate
  18. CHAPTER 13: Leases
    1. Accounting for Leases
    2. Financial Analysis of Leases
    3. International Accounting Standards
    4. Cases
    5. FASB ASC Research
    6. Room for Debate
  19. CHAPTER 14: Pensions and Other Postretirement Benefits
    1. Historical Perspective
    2. Accounting for the Pension Fund
    3. The Employee Retirement Income Security Act
    4. Other Postretirement Benefits
    5. SFAS No. 132
    6. SFAS No. 158
    7. Financial Analysis of Pension and Other Postretirement Benefits
    8. International Accounting Standards
    9. Cases
    10. FASB ASC Research
    11. Room for Debate
  20. CHAPTER 15: Equity
    1. Theories of Equity
    2. Definition of Equity
    3. Reporting Equity
    4. Financial Analysis of Stockholders' Equity
    5. International Accounting Standards
    6. Cases
    7. FASB ASC Research
    8. Room for Debate
  21. CHAPTER 16: Accounting for Multiple Entities
    1. Business Combinations
    2. Accounting for Business Combinations
    3. Business Combinations II
    4. Theories of Consolidation
    5. Noncontrolling Interest
    6. Drawbacks of Consolidation
    7. Special-Purpose Entities
    8. Variable Interest Entities
    9. Segment Reporting
    10. Foreign Currency Translation
    11. International Accounting Standards
    12. Cases
    13. FASB ASC Research
    14. Room for Debate
  22. CHAPTER 17: Financial Reporting Disclosure Requirement and Ethical Responsibilities
    1. Recognition and Measurement Criteria
    2. Areas Directly Affected by Existing FASB Standards: Supplementary Information
    3. Other Means of Financial Reporting
    4. Other Useful Information for Investment, Credit, and Similar Decisions
    5. Securities and Exchange Commission
    6. Ethical Responsibilities
    7. International Accounting Standards
    8. Cases
    9. FASB ASC Research
    10. Room for Debate
  23. Index