Financial Accounting Theory

There are not many accounting books that deal with the conceptual aspects of accounting and that show alternative approaches. These days, in a global world, accounting standards (namely US GAAPP and IASB) convergence is at hand but depending upon the way you describe the divergences you may frighten the reader or be overly optimistic. That is why I beleive it is important to go back to the basic reasoning that led to such or such standard. This book will contribute to enhance unbiassed accounting theory and help the reader make his own opinion. Claude Taudin 2 rue René Panhard - 75013 Paris Tel. +33 1 43 36 15 71

Before reading any classical texts from Watts & Zimmerman and Beaver, I think any junior accounting doctoral sdudents should read this book! Excellent introductory book for anyone who wants to do capital market research in the future! Strongly recommend!

Professor Scott explains financial accounting theory drawn from recent research. He provides a clear, easy-to-use framewaork for students to 1) place this theory in a financial accounting context,2) explain and analyze the theory intuitvely and 3) reveal the theory's relevance in understanding the practice of accounting. Similar good textbooks in this field includes Positive Accouning Theory by Watts & Zimmerman, Financial Reporting: A Accounting Revolution by Beaver and An Introduction to Aplied Professional Research for Accountants by Ziebart.