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Accounting Standards: True or False? / Edition 1

Accounting Standards: True or False? / Edition 1

by R.A. Rayman
Accounting Standards: True or False? / Edition 1
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ISBN-10:
0415377811
ISBN-13:
9780415377812
Pub. Date:
11/17/2005
Publisher:
Taylor & Francis
ISBN-10:
0415377811
ISBN-13:
9780415377812
Pub. Date:
11/17/2005
Publisher:
Taylor & Francis
Accounting Standards: True or False? / Edition 1

Accounting Standards: True or False? / Edition 1

by R.A. Rayman

Overview

Following a spate of high-profile financial scandals (including Enron, WorldCom, and Parmalat), the quality of financial information has come under increasing scrutiny. Many of the accounting standards being imposed on the profession by regulators and standard-setting bodies are now attracting criticism from the business community and the accountancy profession itself.

In this book, Anthony Rayman traces a fundamental flaw in the conventional academic wisdom back to the nineteenth century, and proposes an alternative conceptual framework. He argues that effective corporate governance can be achieved, not by expensive and counterproductive regulations (like the US Sarbanes-Oxley Act and some International Accounting Standards), but by an enhanced accounting information system that exposes corporate management to the full rigour of market forces.

Product Details

ISBN-13: 9780415377812
Publisher: Taylor & Francis
Publication date: 11/17/2005
Pages: 240
Product dimensions: 6.12(w) x 9.19(h) x (d)

Table of Contents

Foreword. Introduction. Part I: The Noble Art of Counting Beans 1. Stewardship Reporting: The Physical Dimension 2. Business Accounting 3. Performance Reporting: the Value Dimension Part II: The Measurement of Income and Value 4. Economic Income and Accounting Profit 5. The Inflation Accounting 'Debate' 6. Historical Cost or Current Value? Part III: A Theoretical Blind Alley 7. Value Change: A Wrong Turning? 8. Asset Valuation: A Convenient Distraction? 9. Fair Value Accounting: A Dead End? Part IV: Back to Basics 10. What's Wrong with Investment Theory? 11. The 'Threshold of Measurement' 12. The Fatal Conceit of Managerial Capitalism 13. What's Wrong with Accounting Standards? Part V: The Segregation of Funds and Value 14. Financial Performance and the Investment Rate 15. A Segregated System of Funds and Value Accounting 16. Management and the Auditor: A Question of Public Accountability Part VI: Truth in Accounting 17. Elimination of the Expectation Gap 18. Reconstruction of the Conceptual Framework 19. Accounting Truth and Economic Reality. Appendices

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Related Subjects

Business
Accounting
Financial Accounting
International Accounting
Standard Accounting Practice
Business
Accounting
Financial Accounting
International Accounting
Standard Accounting Practice

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