Accounting theory and practice:
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London
Pitman
1991
|
| Edition: | 4. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXII, 660 S. graph. Darst. |
| ISBN: | 0273033107 |
Staff View
MARC
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| 100 | 1 | |a Glautier, Michael W. E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Accounting theory and practice |c M. W. E. Glautier ; B. Underdown |
| 250 | |a 4. ed. | ||
| 264 | 1 | |a London |b Pitman |c 1991 | |
| 300 | |a XXII, 660 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
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| 650 | 7 | |a Accounting |2 gtt | |
| 650 | 4 | |a Comptabilité d'entreprise | |
| 650 | 7 | |a Comptabilité |2 ram | |
| 650 | 4 | |a Manuel d'enseignement | |
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Record in the Search Index
| _version_ | 1804118747911290880 |
|---|---|
| adam_text | Contents
Preface to the Fourth Edition xvii
Preface to the Third Edition xix
Acknowledgements xxii
Part 1 1 Scope of accounting 3
A theoretical The emerging role of accounting as a social science 4
ameworK Accounting in a changing environment 8
Summary 10
References 10
Questions 11
2 Accounting as an information system 12
The boundaries of an information system 13
The output of an information system 14
Accounting information and the allocation of resources 20
Behavioural aspects of decision making 21
A systems approach to accounting 21
Summary 23
Questions 23
3 The role of accounting theory 24
The nature of theories 24
Accounting theory 25
Approaches to the development of accounting theory 27
Accounting policy makers 35
Summary 35
References 36
Questions 36
Part 2 Introduction 39
Financial accounting
—the historical cost Section 1 Financial accounting practice
^ 4 Financial accounting concepts 43
The nature of financial accounting concepts 44
Financial accounting concepts 45
Summary 59
References 60
Question 60
Problems 60
5 Financial accounting standards 62
The importance of comparability 62 i
Reasons for concern about standards 63
Standard setting boards 64
SSAP 2 Disclosure of Accounting Policies 65
Standards and the Companies Acts 67
Summary 67
Questions 68
6 The generation of financial accounting data 69
An outline of the information generation process 69
Source documents 69
The entry of basic data in the source books 73
The development of data processing systems 77
The application of computer systems 77
Computer systems 81
Summary 82
Question 82
Problems 82
7 Data processing and double entry bookkeeping 84
The accounting equation 84
Transactions and the accounting equation 85
Simplifying the recording of transactions 87
The nature of double entry bookkeeping 88
Double entry bookkeeping as a closed system 93
Accounts as descriptions of transactions 95
The mathematical implications of double entry
bookkeeping 96
The trial balance 97
Summary 98
Problems 99
8 Standardized charts of accounts 102
The development of uniformity in bookkeeping 102
i
The structure of accounting systems and accounts
classifications 103
The nature of charts of accounts 105
| Accounting rules in the EC 106
I The National Accounting Plan 107
| Standardized financial statements 109
j Advantages and disadvantages of national accounting
I plans 109
Accounting standards and national accounting plans 112
National accounting plans and developing countries 113
Questions 113
Problems 113
Section 2 Periodic measurement
9 Double entry bookkeeping and periodic measurement 115
Problems in periodic measurement 115
Identifying the revenues and expenses of the period 116
The meaning of revenue and expense 116
Periodic measurement and the accrual concept 117
The accrual of income 118
The accrual of expenses 119
The results of the accrual adjustments 122
The matching of revenues and expenses 124
Stock adjustments 124
Summary 126
Question 126
Problems 126
10 Losses in asset values and periodic measurement 128
The treatment of losses in asset values 128
Losses in the value of fixed assets 128
The nature of depreciation 129
The accounting concept of depreciation 131
Accounting for depreciation 137
Accounting for the disposal of assets 139
Narrowing accounting differences 140
Losses arising from the default of debtors 142
Summary 145
References 146
Questions 146
Problems 146
11 Preparing a profit and loss account and a balance sheet 148
Preparing a profit and loss account 148
The formal presentation of the profit and loss account 154
Preparing a balance sheet 155 I
The formal presentation of the balance sheet 158 j
Summary 158 j
Problems 160 f
i
12 Reporting recorded assets and liabilities 166 j
The valuation of assets 167 i
The valuation of fixed assets 167 ;
The revaluation of fixed assets 168
The valuation of current assets 168
The valuation of other assets 172
The valuation of liabilities 179
The valuation of shareholders equity 181
Summary 182
References 182
Question 182
Problems 182
Section 3 The application of financial accounting
method to corporate enterprises
13 Financial accounting information for corporate
enterprises 187
The nature of corporate enterprises 188
Financial accounting implications of corporate status 190
The capital structure 191
Gearing and the capital structure 192
Accounting procedures applied to the capital structure 194
Published financial statements 198
Taxation in company accounts 219
Summary 224
Problems 225
14 Funds flow and cash flow statements 229
The funds flow statement 230
The cash flow statement 240
Summary 243
Problems 244
15 Interpreting and comparing financial reports 250
The nature of ratio analysis 251
The analysis of solvency 252
The analysis of financial performance 259
Ratios as predictors of business failure: empirical
studies 263
Summary 266
References 266
Problems 266
16 Financial accounting for groups of companies 270
The regulatory framework 270
Definition of a group 271
Preparation of consolidated accounts 272
Problems 282
17 Understanding consolidated financial statements 287
Accounting for minority interests 287
Accounting for associated companies 291
Mergers and acquisitions 293
Multinational groups 298
The inflation problem 302
Problems 302
Part 3 Introduction 307
Financial reporting
—alternative J^ 18 Capital, value, income 311
valuation approaches | capital 311
Capital maintenance 313
Income 315
The objectives of income measurement 316
Summary 318
References 319
/Questions 319
^ 19 Accounting and economic concepts of income and value 320
Accounting concepts 320
Economic concepts 322
Summary 327
References 327
Questions 327
J ( 20 Current purchasing power accounting 329
V Adjustments for general price level changes 329
An appraisal of CPP accounting 334
Summary 336
References 337
Questions 337
Problems 337 :
JX^ 21 Current value accounting 340
Replacement cost accounting 341
Realizable value accounting 347
Current cost accounting 350
Appendix 361
Summary 365
References 365
Questions 366
Problems 366
Part 4 Introduction 373
Financial reporting References 375
—extending the
disclosure Of 22 Evaluation of current financial reporting practice 376
information Non compliance with standards 377
The need for a conceptual framework 378
The development of a conceptual framework 380
Other research findings 386
Implications of research findings 391
Summary 392
References 393
Questions 393
23 Reporting to investors 394
Problems in identifying investors needs 394
Basis for a normative theory of reporting to investors 395
Normative definition of investors information needs 396
Content of cash flew statements 398
Advantages of publishing company forecasts 399
Disadvantages of publishing company forecasts 401
Cash flow versus profit reporting 404
Segment reporting 405
Other aspects of the disclosure problem 406
The importance of educating users of financial reports 409
X CONTENTS
Summary 410
References 410
Questions 411
f 24 Reporting to employees 412
Investor and employee reporting compared 412
I Financial reporting to employees 413
I Reporting for collective bargaining 415
A normative theory of pay bargaining information 416
Summary 419
References 420
Questions 420
25 Social responsibility accounting 421
The nature of corporate social responsibility 422
The objectives of users of social accounting
information 425
The scope of corporate social responsibility 426
Corporate social reporting in the UK 427
The greening of accounting 429
Summary 430
References 430
Questions 431
Part 5 Introduction 435
Planning and control
Section 1 A framework for planning and control
26 The meaning of planning and control 439
The processes of management 439
Information and decision making 446
Extended meanings of control 448
Summary 449
Reference 450
Questions 450
27 The cost accounting framework 451
Objectives of cost analysis 451
The elements of cost 452
The problem of overhead costs 453
Costing systems 463
Summary 468
Questions 468
Problems 469
Section 2 Planning
28 Long range planning 471 j
Setting long range objectives and goals 471 j
The position audit 473 j
The formulation of strategy 474 I
The preparation and implementation of the plan 476
The continuous review and updating of the plan 476 .
The importance of the long range profit goal 477
Financial planning 480
Summary 481
Questions 481
29 Planning capital expenditure 483
Capital investment decisions 483
Types of capital investment decisions 483
The analysis of capital investment proposals 484
The relevant cash flows 485
Methods of appraising capital investments 485
Investment appraisal and inflation 495
Summary 497
Questions 498
Problems 498
30 Budgetary planning 500
The nature of budgetary planning 500
The need for flexibility 500
The organization of budgeting 501
Steps in budgeting 501
Forecasting sales 503
An illustration of the budgeting process 504
Evaluating the budget proposals 516
Budgetary control 517
Summary 517
Questions 518
Problems 518
31 Cost volume profit analysis 521
Applications of cost volume profit (c v p) analysis 521
Cost analysis and profit planning 52?
Break even analysis 523
Calculating the break even point 524
The profit volume chart 527
I Profit planning through change 530
i The sales mix 533
j Cost volume profit analysis: some limitations 535
; Summary 536
Questions 537
Problems 537
32 Variable costing 539
The case for variable costing for stock valuation 539
The variable costing controversy 545
The need for a definition of assets 546
Summary 547
Reference 547
Questions 547
Problems 547
33 Pricing 549
The nature of the pricing problem 549
The nature of pricing theories 550
Pricing theory in economics 550
Cost based pricing theories 552
Cost based pricing and budgeted costs 553
Target pricing and target costs 560
Summary 560
Questions 560
Problems 561
34 Short run tactical decisions 563
The nature of relevant costs 563
The importance of the contribution margin 564
Opportunity costs 567
Dropping a product line 568
Selling or further processing 569
Operate or lease 569
Make or buy 570
Decision making in the face of limiting factors 571
Linear programming and decision making 573
Summary 577
Questions 578 ;
Problems 578 i
j
Section 3 Control
35 Organizing for control 581
The integration of planning and control 581
Responsibility accounting 582
Summary 595
Questions 596 f
Problems 596 1
36 Standard costs and variance analysis 598 t
Standard costs and budgeted costs 598 {
Applications of standard costing 599 i
Setting cost standards 599
Setting standard costs for direct material and direct
labour 600 i
Variance analysis for direct costs 601
Setting standards for overhead costs 603 {
Flexible budgeting 606 •
Variance analysis for overhead costs 608
Sales variance analysis and the control of revenue 610
Responsibility for variances 613
The investigation of variances 614
Summary 615
Questions 615
Problems 616
37 The control of managed costs 618
The nature of managed costs 618
The control of managed costs 619
The control of administrative costs 620
The control of research and development costs 621
The control of marketing costs 621
Summary 625
Questions 626
38 Behavioural aspects of performance evaluation 627
Managerial style and organization culture 627
The objectives of performance evaluation 628
Leadership styles and the problem of control 628
Htm wu—
I
J The effects of budgets on people 630
Budget information and performance evaluation 633
: The need for several measures of performance 634
The importance of participation 634
Management by objectives 635
Organization theory 636
Agency theory 638
Summary 639
References 640
Questions 640
Problem 640
Index 643
|
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| spelling | Glautier, Michael W. E. Verfasser aut Accounting theory and practice M. W. E. Glautier ; B. Underdown 4. ed. London Pitman 1991 XXII, 660 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Accounting gtt Comptabilité d'entreprise Comptabilité ram Manuel d'enseignement Accounting Rechnungswesen (DE-588)4048732-5 gnd rswk-swf 1\p (DE-588)4123623-3 Lehrbuch gnd-content Rechnungswesen (DE-588)4048732-5 s DE-604 Underdown, Brian Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002841132&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Glautier, Michael W. E. Underdown, Brian Accounting theory and practice Accounting gtt Comptabilité d'entreprise Comptabilité ram Manuel d'enseignement Accounting Rechnungswesen (DE-588)4048732-5 gnd |
| subject_GND | (DE-588)4048732-5 (DE-588)4123623-3 |
| title | Accounting theory and practice |
| title_auth | Accounting theory and practice |
| title_exact_search | Accounting theory and practice |
| title_full | Accounting theory and practice M. W. E. Glautier ; B. Underdown |
| title_fullStr | Accounting theory and practice M. W. E. Glautier ; B. Underdown |
| title_full_unstemmed | Accounting theory and practice M. W. E. Glautier ; B. Underdown |
| title_short | Accounting theory and practice |
| title_sort | accounting theory and practice |
| topic | Accounting gtt Comptabilité d'entreprise Comptabilité ram Manuel d'enseignement Accounting Rechnungswesen (DE-588)4048732-5 gnd |
| topic_facet | Accounting Comptabilité d'entreprise Comptabilité Manuel d'enseignement Rechnungswesen Lehrbuch |
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