Accounting theory:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York [u.a.]
Wiley
1990
|
| Edition: | 2. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Literaturangaben |
| Physical Description: | XIX, 581 S. graph. Darst. |
| ISBN: | 0471521914 0471507040 |
Staff View
MARC
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| 100 | 1 | |a Kam, Vernon |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Accounting theory |c Vernon Kam |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a New York [u.a.] |b Wiley |c 1990 | |
| 300 | |a XIX, 581 S. |b graph. Darst. | ||
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Record in the Search Index
| _version_ | 1804123197391503360 |
|---|---|
| adam_text | CONTENTS
1 / EARLY HISTORY OF ACCOUNTING 1
Prerequisites of Double Entry 1
Littleton s Antecedents / Alternate Explanation
Social Forces 3
Ancient Civilization 4
Capitalistic Spirit / Economic—Political Events /
Technological Innovations
Accounting in Antiquity 10
Egypt / Babylonia / Greece / Rome
Emergence of Double Entry Bookkeeping 12
Capitalistic Sprit / Economic—Political Factors /
Technological Innovations
Luca Pacioli 19
His Background / His Book
Accounting and Capitalism 22
Capitalism / Sombart s Argument / Disagreement
with Sombart
Managerial Cost Accounting 27
Professional Accounting Societies 28
Conclusions 29
Questions 31
Additional Readings 32
2 / NATURE AND SCOPE OF ACCOUNTING 33
Definitions of Accounting 33
Logic of Double Entry Accounting 35
Classificational View / Causal View / Significance of
Double Entry
ix
x CONTENTS
Authoritative Bodies 37
Securities and Exchange Commission / Financial
Accounting Standards Board / Other Groups /
Canada
Accounting Theory 41
Need for Theory / Agreement on Postulates and
Principles
Objectives of Accounting 47
Information for Decision Making / Users of Account¬
ing Information / Information That Is Useful
Efficient Market Hypothesis 56
Market Inefficiency / Implications for Accounting
Conclusions 58
Questions 60
Additional Readings 62
3 / FINANCING AND INVESTING ACTIVITIES 63
Financial Condition 63
Different Dimensions / Short Run Effects / Major
Activities
Funds Flow 65
Comparison with Income / Meaning of Funds
Cash Flow 67
Support for Cash / Inadequacy of Working Capital /
In Defense of Working Capital / Statement 95 /
Empirical Evidence / Cautions About Cash Flow /
Proposed Alternative
Sources of Financing 82
Traditional Sources / Sources of Innovative Financ¬
ing / Off Balance Sheet Financing
Investing Funds 90
Short Term Assets / Long Term Assets
Conclusions 94
Questions 95
CONTENTS xi
Problems 98
Additional Readings 100
4 / ASSETS, LIABILITIES, AND OWNERS EQUITY 101
Assets 101
Probable Future Economic Benefits / Obtained or
Controlled by Entity / Result of a Past Transaction or
Event / Exchangeability / Recognition Criteria
Liabilities 111
Present Obligations / Result of Past Transaction or
Event / Recognition Criteria
Owners Equity 120
Essential Features / Capital Stock / Classifications
Accounting for New Financing Arrangements 124
Repurchase / Interest Rate Swap
Conclusions 127
Questions 128
Problems 131
Additional Readings 135
5 / MEASUREMENT OF ASSETS AND LIABILITIES 136
What Do We Measure? 136
Subjective Value / True Economic
Value / Cost / Value
Approximations of True Value 142
Present Value / Market Values
Value to Owner or Business 147
Valuation Methods 149
Special Cases
Conclusions 152
Questions 154
Problems 156
Additional Readings 158
xiv CONTB4TS
Criticisms of Matching 287
Lesser Requirement for Objective Evidence /
Evaluation of Each Matching Principle / The
Allocation Problem
Defense of Allocations 294
Conclusions 295
Questions 296
Problems 298
Additional Readings 301
10 / ACCOUNTING POINT OF VIEW 302
Proprietary Theory 302
Balance Sheet Accounts / Income / Effect on
Practice / Limitations
Entity Theory 305
Two Views of Entity / Balance Sheet / Income / Effect
on Practice
Fund Theory 310
Commander Theory 312
Investor Theory 313
Enterprise Theory 314
Value Added Income / Implications
Conclusions 318
Questions 320
Additional Readings 322
11 / SPECIFIC ISSUES 323
Part A / Pensions 323
Nature of Pension Costs 323
Pension Expense / Evaluation of Expense / Pension
Liability / Supplementary Benefits
Conclusions 334
Part B / Deferred Income Taxes 334
CONTENTS xv
Background 335
Proposed Solutions 336
Desirability of Deferment 336
Support of Deferment / Opposition to Deferment
Methods of Allocation 339
Deferred Method / Liability Method / Net of Tax
Method / Illustration of the Three Methods
Other Issues 348
Comprehensive vs. Partial Allocation / Discounting
Conclusions 352
Questions 352
Problems 354
Additional Readings 356
12 / BUSINESS COMBINATIONS 357
Basic Concepts 357
Types of Combination / Legal Constraints / Reorgani
zation and Divestiture / Reasons for Combinations /
Empirical Evidence / Process of Combination
Accounting for Business Combinations 363
Authoritative Opinion / Previous Pronouncements /
Popularity of Pooling / Effect of Accounting
Methods on Business Combinations
Purchase 369
Rationale / Cost Assignment / Weaknesses /
Push Down Accounting
Pooling of Interests 376
Validity of Concept / Conditions for Pooling /
Criticisms of Pooling / Accounting for Pooling
Sale of Subsidiary Stock 383
Conclusions 384
Questions 385
xvi CONTENTS
Problems 387
Additional Readings 388
13 / CONSOLIDATED FINANCIAL STATEMENTS 389
Consolidation Policy 389
Control / Similarity of Activities / Why Consolidate?
Consolidation Theories 392
Parent Company Theory / Entity Theory
Minority Interest 399
Classification / Adjustment of Minority Interest
Goodwill 401
Historical Perspective / Nature of Goodwill /
Accounting for Goodwill / Negative Goodwill
Conclusions 409
Questions 410
Problems 412
Additional Readings 413
14 / CURRENT COST ACCOUNTING 414
Rationale of Current Cost Accounting 414
Edwards and Bell Argument / Why Holding Gains
Are a Component of Income
Financial Capital Versus Physical Capital 419
In Support of Physical Capital / Criticisms of Physical
Capital
Current Cost in Practice 426
Background / FASB Statement 33 on Current Cost /
N. V. Philips Company / Current Cost in the United
Kingdom
Criticisms of Current Cost 432
From Historical Cost Advocates / From Exit Price
Advocates
CONTENTS xvii
In Support of Current Cost 434
Recognition Principle / Objectivity of Current Cost /
Technological Changes / Current Cost Versus Exit
Price / Comparison of Results with Historical Cost /
Evidence on Usefulness of Current Cost
Conclusions 447
Appendix: Example Problem and Solution 450
Questions 459
Problems 460
Additional Readings 463
15 / EXIT PRICE ACCOUNTING 464
Support for Exit Price 464
MacNeal s Argument / Chambers Argument /
Sterling s Argument / Other Features
Criticisms of Exit Price Accounting 472
Profiit Concept / Value in Use Versus Value in
Exchange / Additivity / Other Weaknesses
Conclusions 477
Appendix: Example Problem and Solution 478
Questions 482
Problems 482
Additional Readings 484
16 / THE SCIENTIFIC VIEW AND ACCOUNTING 485
Theory Formulation 485
What Is Theory? Parts to Theory / Paradigms and
Scientific Development / Accounting Theory /
Normative and Positive Theories
Testing of Theories 492
Criteria of Truth / Dogmatic Basis / Self evident
Basis / Scientific Basis
xviii CONTENTS
Measurement Theory 496
What Is Measurement? / Scales / Permissible
Operations of Scales
Kinds of Measurement 502
Fundamental Measurements / Derived Measure¬
ments / Fiat Measurements
Reliability and Accuracy 505
Sources of Error / Reliable Measurement / Accurate
Measurement
Scientific Approach Applied to Accounting 508
Misconceptions of Purpose / Testing Accounting
Theory / Other Viewpoints on Testing
Conclusions 511
Questions 512
Additional Readings 514
17 / QUALITATIVE CHARACTERISTICS OF ACCOUNTING
INFORMATION 515
Relevance 516
Materiality 516
Materiality Guides by Authoritative Bodies /Judicial
Decisions / Empirical Studies / General Quantitative
Criteria
Reliability 522
Objectivity 523
Objectivity as a Criterion in Accounting / Meaning of
Objectivity / Suggested Control Devices / Objectivity
Applied in Practice
Conservatism 527
Historical Background / Criticisms of Conservatism /
Defense of Conservatism / Position of FASB on Con¬
servatism
Testing for Reliability 531
Theory of Reliability / Estimating Reliability
CONTBITS xix
Testing for Relevance 534
Construct Validity / Content Validity / Predictive
Validity
Conclusions 537
Questions 538
Additional Readings 540
18 / STANDARD SETTING IN A POLITICAL ENVIRONMENT 541
Responsibility and Power 541
Increased Power for the Profession / Decreased
Responsibility / Inferences from Court Cases
Criticisms of the Profession 546
Approaches to Standard Setting 549
Free Market Approach / Agency Theory / Regulatory
Approach / Private or Public Sector
Incremental Political View 553
Legislative Process / Other Considerations Besides
Theory / Response by Advocates of Scientific View
Politicization of Accounting 557
Conclusions 559
Questions 562
Additional Readings 563
Appendix / COMPOUND INTEREST TABLES 564
Index 573
|
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| isbn | 0471521914 0471507040 |
| language | English |
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| physical | XIX, 581 S. graph. Darst. |
| publishDate | 1990 |
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| spelling | Kam, Vernon Verfasser aut Accounting theory Vernon Kam 2. ed. New York [u.a.] Wiley 1990 XIX, 581 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Literaturangaben Accounting gtt Comptabilité Accounting Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Theorie (DE-588)4059787-8 gnd rswk-swf 1\p (DE-588)4151278-9 Einführung gnd-content Rechnungswesen (DE-588)4048732-5 s Theorie (DE-588)4059787-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005848431&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 | Kam, Vernon Accounting theory Accounting gtt Comptabilité Accounting Rechnungswesen (DE-588)4048732-5 gnd Theorie (DE-588)4059787-8 gnd |
| subject_GND | (DE-588)4048732-5 (DE-588)4059787-8 (DE-588)4151278-9 |
| title | Accounting theory |
| title_auth | Accounting theory |
| title_exact_search | Accounting theory |
| title_full | Accounting theory Vernon Kam |
| title_fullStr | Accounting theory Vernon Kam |
| title_full_unstemmed | Accounting theory Vernon Kam |
| title_short | Accounting theory |
| title_sort | accounting theory |
| topic | Accounting gtt Comptabilité Accounting Rechnungswesen (DE-588)4048732-5 gnd Theorie (DE-588)4059787-8 gnd |
| topic_facet | Accounting Comptabilité Rechnungswesen Theorie Einführung |
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