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Accounting Theory

Accounting Theory
Conceptual Issues in a Political and Economic Environment

Eighth Edition

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August 2012 | 808 pages | SAGE Publications, Inc
An extensive overview of accounting theory concepts and application Balancing accounting theory with practical issues, the Eighth Edition of Accounting Theory: Conceptual Issues in a Political and Economic Environment continues to clearly identify the conceptual elements of accounting theory and apply those elements to practice. The book provides an important overview of accounting and financial issues in economic and political contexts, providing students with a strong conceptual framework. Features of the Seventh EditionContinues to provides a solid introduction to international accounting issues citing top academic journalsRelates more theoretical issues to real world examples coming from the popular news mediaPlaces greater emphasis on principles based as opposed to rules-based standardsIncludes more pedagogical features such as questions, cases, problems, and writing assignmentsùmany from corporate annual reportsOffers a historical perspective of accounting standards Instructor Resources Available to adopting instructors, these resources include answers to end-of-chapter materials, chapter summaries, test banks, PowerPoint slides for selected chapter highlights, and much more. Intended AudienceBoth undergraduate and graduate-level students of accounting theory will gain a solid foundation of and new insights into the history and development of accounting theory and the accounting field in general.
1. An Introduction to Accounting Theory
2. Accounting Theory and Accounting Research
3. Development of the Institutional Structure of Financial Accounting
4. The Economics of Financial Reporting Regulation
5. Postulates, Principles, and Concepts
6. The Search for Objectives
7. The FASB's Conceptual Framework
8. Usefulness of Accounting Information to Investors and Creditors
9. Uniformity and Disclosure: Some Policy-Making Directions
10. International Accounting
11. The Balance Sheet
12. The Income Statement
13. Statement of Cash Flows
14. Accounting for Changing Prices and Inflation
15. Income Taxes and Financial Accounting
16. Pensions and Other Postretirement Benefits
17. Leases
18. Intercorporate Equity Investments
About the Authors

This book is very valuable from some poit of view:
1- It is comprehensive
2- Proper adoption for the graduate level new students
3-Authors are from the best ones'
4-All chapters are suitable in size
5-Fluent English which made it suitable for non natives

Professor Mohammad Arabmazar Yazdi
Department Of Accounting, Shahid Beheshti University
October 14, 2015

Fits course needs perfectly.

Mr Randall Stone
Accounting Dept, East Central University
April 29, 2015

Well organized and structured publication.
Uses an accessible language facilitating the understanding of theory and practice.
Integrates fundamental concepts showing a necessary caution in interpreting the results obtained.
It is useful for a diverse set of users connected to the academic and professional field.
I think that will be a good reference to recommend to students of the course in question and in other related to the management, accounting and finance

Mr Francisco Ferraz
DGE - Manegement and Economic, IPL - Instituto Politécnico de Leiria
December 17, 2014

We will go on using this textbook as essential reading. Until now we have used the 7th ed. but are now adopting the 8th.

Dr Magnus Frostenson
School of Business, Örebro University
May 16, 2013

Sample Materials & Chapters


ch 1

ch 7

Harry Ira Wolk

Harry I. Wolk (1930-2009) held a BS in economics from the Wharton School of the University of Pennsylvania and MBA and PhD degrees from Michigan State University. He was the author or co-author of approximately 25 journal articles, including publications in the Accounting Review, Journal of Accounting Research, Accounting Horizons, and the International Journal of Accounting. He was the lead author of seven editions of Accounting Theory: Conceptual Issues in a Political and Economic Environment. He previously taught at the University of Wisconsin–Milwaukee and was the Aliber Distinguished Professor of Accounting at Drake University, where... More About Author

Jim L. Dodd

James L. Dodd, Professor Emeritus of Accounting at Drake University, holds a BS in accounting from California State University–Fresno, an MBA from the University of South Alabama, and a PhD from the University of Georgia, with a major in accounting and a minor in information systems. Before entering academe, Dr. Dodd worked for 15 years in the shipbuilding, aircraft-engine, and diesel-engine filtration industries. His assignments at Litton, Teledyne, and Cummins included experience in industrial engineering, capital budgeting, profit planning, product pricing, cost accounting, long-range systems planning, and accounting controllerships at... More About Author

John J. Rozycki

John J. Rozycki, Associate Professor of Finance at Drake University, holds a BS in biology from King’s College, an MBA from the University of Scranton, and a PhD from Penn State University, with a major in finance. Before pursuing his doctoral education, Dr. Rozycki worked in the health care planning and telecommunications industries. He teaches corporate finance and equity valuation. His professional interests are in equity and business valuation, corporate capital allocation decisions, financial planning, financing decisions, and financial statement analysis. He is a member of the CFA Institute, the CFA Society of Iowa, the Financial... More About Author

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ISBN: 9781412991698