Accounting Theory

by Harry I. Wolk

Part of the SAGE Library in Accounting and Finance Series

Accounting Theory Synopsis

The term accounting theory has several definitions. For the purposes of major reference collection, accounting theory is here broadly defined as the basic assumptions, definitions, principles and concepts - and how we derive them - that underlie accounting rule making by a legislative body as well as the reporting of financial information. The major work starts with a philosophical overview of accounting, including accounting theory. Among the issues examined are whether accounting is an art or a science and whether or not it can be value free. Also examined is the question of whether any preconditions are necessary to establish a viable approach to accounting theory. The set then goes on to touch on the following themes: informally developed concepts; conceptual frameworks; accounting for changing prices; applied accounting theory; agency theory (also called contract theory); the true and fair view, or principles-based versus rules-based standards; and international accounting and convergence.

Book Information

ISBN: 9781847876096
Publication date: 26th March 2009
Author: Harry I. Wolk
Publisher: SAGE Publications Ltd
Format: Hardback
Pagination: 1584 pages
Categories: Accounting,

About Harry I. Wolk

Harry I. Wolk (1930-2009) held a BS in economics from the Wharton School of the University of Pennsylvania and MBA and PhD degrees from Michigan State University. He was the author or co-author of approximately 25 journal articles, including publications in the Accounting Review, Journal of Accounting Research, Accounting Horizons, and the International Journal of Accounting. He was the lead author of seven editions of Accounting Theory: Conceptual Issues in a Political and Economic Environment. He previously taught at the University of Wisconsin-Milwaukee and was the Aliber Distinguished Professor of Accounting at Drake University, where he taught for 32 years. He also ...

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