Publisher's Synopsis
This work provides a modern coverage of the theory and practice of financial accounting.;A treatment of the origins and context of accounting is followed by an analysis and critique of current accounting principles and practice.;The text then moves to a detailed discussion of the major traditional accounting theories, including such topics as current cost accounting and SSAP 16. Finally, the author looks at the chief new theories of accounting, including cash-flow accounting, events accounting, information and societal accounting, and speculates on future trends.
