Sidebotham / Brown / Chandler Introduction to the Theory and Context of Accounting

New Dollar Edition
1. Auflage 2014
ISBN: 978-1-4831-6029-0
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 222 Seiten, Web PDF

Introduction to the Theory and Context of Accounting is an introductory text on the theory and context of accounting and covers topics ranging from long-term asset valuation and depreciation to the measurement of income, the utility of accounting statements, and the use of accounting in economics and politics. This book is comprised of 12 chapters and begins with a historical overview of accounting, from the introduction of double-entry or Italian method to the publication of the first book on accountancy by the Franciscan monk, Luca Pacioli. The development of accounting during the Industrial Revolution is also considered, along with the emergence of the accounting profession and the earliest professional organizations. The next chapter presents a conceptual framework of accounting, with emphasis on the limits of accountability, measurement assumptions, the construction of financial reports, and the development of accounting theory. Subsequent chapters deal with the use of accounting in economics and politics as well as the utility of accounting statements. This monograph will be a useful resource for teachers and undergraduate students of financial and management accounting.

Autoren/Hrsg.

Sidebotham, Roy

Brown, R.

Chandler, G.

Davis, W. A.

Inhaltsverzeichnis

1;Front Cover;1
2;Introduction to the Theory and Context of Accounting;4
3;Copyright Page;5
4;Table of Contents;6
5;OBJECTIVE;8
6;ACKNOWLEDGEMENTS;10
7;PART I: HISTORY;12
7.1;Chapter 1. The Origins of Modern Accounting;14
7.1.1;Double-entry;14
7.1.2;Luca Pacioli;17
7.1.3;Pacioli and the Accounting Practice of His Time;19
7.1.4;The "Italian Method";22
7.1.5;Discussion Topics;25
7.2;Chapter 2. The Industrial Revolution: Demand and Response;26
7.2.1;The Factory System;27
7.2.2;Limited Liability;30
7.2.3;The Accountancy Profession;34
7.2.4;Professional Organisation;36
7.2.5;Demand and Response;38
7.2.6;Discussion Topics;38
8;PART II: THEORY;40
8.1;Chapter 3. A Conceptual Framework;42
8.1.1;The Boundaries of Accountability;44
8.1.2;Measurement Assumptions;47
8.1.3;The Construction of Financial Reports;50
8.1.4;The Development of Accounting Theory;55
8.1.5;Discussion Topics;56
8.2;Chapter 4. Conventions, Doctrines and Common Sense;57
8.2.1;The Emphasis on Practices;59
8.2.2;Some Conventions Examined;62
8.2.3;Sources of Confusion;65
8.2.4;Oversights and Omissions;68
8.2.5;Necessary Fundamental Knowledge;69
8.2.6;Discussion Topics;72
8.3;Chapter 5. Long-term Asset Valuation and Depreciation;73
8.3.1;Depreciation;76
8.3.2;Depreciation and Income Measurement;79
8.3.3;Intangible Assets;82
8.3.4;Discussion Topics;86
8.4;Chapter 6. Inventories;87
8.4.1;The Cost of Raw Materials;91
8.4.2;Work-in-Progress and Finished Goods Stocks;96
8.4.3;Profit and Value;101
8.4.4;Discussion Topics;104
8.5;Chapter 7. The Measurement of Income;106
8.5.1;Matching Costs with Revenues;108
8.5.2;The Recognition of Revenues and Costs;109
8.5.3;The Matching Process;111
8.5.4;The Income Statement and the Balance Sheet;115
8.5.5;Special Cases in Matching Costs and Revenues;117
8.5.6;Discussion Topics;120
8.6;Chapter 8. Changing Money Values;122
8.6.1;Monetary Accounting, Inflation and the Profession;123
8.6.2;Accounting in Current Prices: Long-term Assets;129
8.6.3;Accounting in Current Prices: Inventories;133
8.6.4;Accounting for Changing Prices: Monetary Items;135
8.6.5;The Capital Revaluation Reserve;136
8.6.6;Current Market Buying Prices and Index Numbers;137
8.6.7;Integrated Accounting or Supplementary Reports;140
8.6.8;Discussion Topics;142
8.7;Chapter 9. Towards a Theory of Business Accounting;143
8.7.1;Individuals as Actors;144
8.7.2;Means;145
8.7.3;The Environment;145
8.7.4;Action in a Market Economy;147
8.7.5;Financial Position;148
8.7.6;Business Firms;150
8.7.7;Income Calculation;151
8.7.8;Formal Demonstration;152
8.7.9;Summary;154
9;PART III: ENVIRONMENT;156
9.1;Chapter 10. Economics and Accounting;158
9.1.1;Economic Change and the Development of Accounting;159
9.1.2;Scale of Operations;160
9.1.3;Economists and the Theory of the Firm;161
9.1.4;The Accountant and the Firm;163
9.1.5;Differences in Concepts;165
9.1.6;Valuation;166
9.1.7;Income;168
9.1.8;Cost;169
9.1.9;Towards a Greater Understanding;171
9.1.10;Discussion Topics;172
9.2;Chapter 11. Politics, the Law and Accounting;173
9.3;Financial Reporting and the Law;173
9.4;Legal Sanctions;178
9.5;Taxation;181
9.6;The Relationship between Accountants and Lawyers;182
9.7;Accounting without Profit;184
9.8;Politics, Law and Accounting;186
9.9;Chapter 12. The Utility of Accounting Statements;188
9.10;Internal Financial Reporting;188
9.11;External Financial Reports;190
9.12;Accounting Ratios;193
9.13;Limitations of Financial Statements and Ratio Analysis;196
9.14;Published Company Accounts;199
9.15;A "True and Fair View";201
9.16;The Basic Accounting Problem;202
9.17;Discussion Topics;203
10;PART IV: APPENDICES;204
10.1;APPENDIX A. Double-entry;206
10.1.1;Proprietor's Capital;208
10.1.2;Trial Balances;209
10.1.3;Account Balances;210
10.1.4;The Concept of Profit;211
10.1.5;The Income or Profit and Loss Account;212
10.1.6;The Balance Sheet;213
10.2;APPENDIX B. The Literature of Accounting;215
10.2.1;Accounting Journals;215
10.2.2;Research Series;216
10.2.3;Further Reading on Accounting Theory;218
11;INDEX;220