This book began as a series of lesson notes for a financial accounting theory course of the Certified General Accountant's Association of Canada. The lesson notes grew out of a conviction that we have learned a great deal about the role of financial accounting and reporting in our society from securities markets and information economics-based research conducted over many years, and that financial accounting theory comes into its own when we formally recognize the information asymmetrics that purvade business relationships.



Table of Contents:

Preface

Acknowledgements

Ch.1 Introduction

Ch.2 Accounting under ideal conditions

Ch.3 The Decision usefulness approach to financial reporting

Ch.4 Efficient securities markets

Ch.5 The information perspective on decision usefulness

Ch.6 The measurement perspective on decision usefulness

Ch.7 Measurement perspective applications

Ch.8 Economic consequences and positive accounting theory

Ch.9 An analysis of conflict

Ch.10 Executive compensation

Ch.11 Earnings management

Ch.12 Standard setting : Economic issues

Ch.13 Standard setting : political issues

Bibliography

Index