Financial Reporting Information And Capital Markets

Texte du rabat

This important book by a leading academic is a scholarly study of contemporary accounting theory from a capital market perspective. Michael Bromwich adopts an informational perspective on accounting theory, necessitating a more than usually detailed consideration of uncertainty and capital markets. The book explores how accounting information facilitates the working of these markets and integrates with them according to their level of organisation. It sets out the arguments for non-market regulation and reviews how this can be achieved, including through the use of a generally accepted conceptual framework. The final part of the book discusses the implications of agency theory for financial reporting.

Contenu
1.Introduction

PART 1: ECONOMIC INCOME AND WEALTH MEASURES

2.The market provision of accounting information
3.Wealth and income measurement
4.Ex post economic wealth and income: problems with the economic approach to income and wealth
measurement

PART 2: ACCOUNTING INFORMATION UNDER UNCERTAINTY

5.Accounting and decision-making under uncertainty
6.Accounting and information economics
7.The value of information for private use and the utility of public information
8.Economic income and wealth under uncertainty
9.The informativeness of accounting reports: an empirical perspective

PART 3: THE REGULATION OF ACCOUNTING

10.Some economic problems in the provision of accounting information
11.The regulation of accounting
12.The conceptual Frameworks approach

PART 4: ACCOUNTABILITY. POSITIVE ACCOUNTING THEORY AND AGENCY

13.Accountability, agency and positive accounting theory
14.Agent and principal models <B