Financial Reporting Information And Capital Markets

Financial Reporting Information And Capital Markets

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Description

This important book by a leading academic is a scholarly study of contemporary accounting theory from a capital market perspective. Michael Bromwich adopts an informational perspective on accounting theory, necessitating a more than usually detailed consideration of uncertainty and capital markets. The book explores how accounting information facilitates the working of these markets and integrates with them according to their level of organisation. It sets out the arguments for non-market regulation and reviews how this can be achieved, including through the use of a generally accepted conceptual framework. The final part of the book discusses the implications of agency theory for financial reporting.show more

Product details

  • Paperback | 384 pages
  • 187 x 243 x 21mm | 1,078g
  • Pearson Education Limited
  • FINANCIAL TIMES PRENTICE HALL
  • Harlow, United Kingdom
  • 0273034642
  • 9780273034643

Table of contents

1.Introduction PART 1: ECONOMIC INCOME AND WEALTH MEASURES2.The market provision of accounting information 3.Wealth and income measurement 4.Ex post economic wealth and income: problems with the economic approach to income and wealthmeasurement PART 2: ACCOUNTING INFORMATION UNDER UNCERTAINTY5.Accounting and decision-making under uncertainty 6.Accounting and information economics 7.The value of information for private use and the utility of public information 8.Economic income and wealth under uncertainty 9.The informativeness of accounting reports: an empirical perspective PART 3: THE REGULATION OF ACCOUNTING10.Some economic problems in the provision of accounting information 11.The regulation of accounting 12.The conceptual Frameworks approach PART 4: ACCOUNTABILITY. POSITIVE ACCOUNTING THEORY AND AGENCY13.Accountability, agency and positive accounting theory 14.Agent and principal modelsshow more