Making accounting policy : the quest for credibility in financial reporting / David Solomons.

Format:

Book

Author/Creator:

Solomons, David.

Series:

Wharton executive library

Wharton executive library.

Language:

English

Subjects (All):

Accounting.

Physical Description:

xviii, 261 pages ; 22 cm.

Place of Publication:

New York : Oxford University Press, 1986.

Summary:

This book, intended for non-accounting executives as well as those in the field, offers a clear guide to understanding the crucial significance of accounting policy. It discusses the basic objectives of financial reporting, what is reported and when it is reported, how profits are measured, the way policies are regulated, and how accounting practices differ in the international arena. Explaining the process by which accounting standards are set and how they have evolved, it also recommends directions that should be taken in setting those standards in the years ahead in order to assure the credibility and usefulness of accounting information.

Contents:

1 The Nature of Accounting Policy 3

2 The Institutions That Make Accounting Policy: The United States 25

3 The Institutions That Make Accounting Policy: The International Dimension 53

4 Usefulness for Decison Making: The Objective of Financial Reporting 66

5 The Quality of Accounting Information 86

6 What Financial Statements Don't Show: The Problem of Recognition and Measurement 115

7 Measuring Profit in an Age of Inflation: Alternative Accounting Models 137

8 Measuring Profit in an Age of Inflation: The Need for Change 165

9 Regulation and Disclosure 183

10 Accounting Policy in an Efficient Market 201

11 Accounting Standards and Public Policy 220

12 Making Accounting Standards Acceptable 239.

Notes:

Includes bibliographies and index.

ISBN:

0195037014

OCLC:

12553573