Financial Accounting Theory and Analysis: Text and Cases, 13th Edition is a comprehensive textbook that explores how accounting standards affect the choices and actions of accounting professionals in various situations. The book provides a theoretical framework for understanding why different companies adopt different accounting methods and how these methods reflect the characteristics of the firms. The book also reviews empirical research that tests various theories of accounting and the usefulness of accounting information for different purposes, such as evaluating firm performance, assessing market efficiency, explaining investor behavior, predicting managerial incentives, analyzing human cognition, and creating value for stakeholders.
The book is divided into four parts. Part I introduces the role of accounting theory and the development of accounting standards. It also discusses the conceptual framework of accounting and the objectives of financial reporting. Part II examines various theories of accounting and how they explain and predict accounting practices. It covers topics such as income measurement, earnings management, fair value accounting, and conservatism. Part III focuses on the uses of accounting information for decision making and valuation. It covers topics such as fundamental analysis, efficient markets hypothesis, behavioral finance, positive accounting theory, and value creation. Part IV presents real-world cases that illustrate the application of accounting theory and analysis to various issues and problems.
The book is intended for upper-level undergraduate and graduate students who are interested in learning about the theory and practice of financial accounting. The book assumes that students have a basic knowledge of accounting principles and financial statements. The book also provides instructors with a comprehensive set of teaching materials, including PowerPoint slides, test bank questions, solutions manual, and instructor's manual.
Financial Accounting Theory and Analysis: Text and Cases, 13th Edition is an essential resource for students and instructors who want to gain a deeper understanding of the role and impact of accounting standards in the modern business environment. 061ffe29dd