1 The Role of Accounting as an Information System
CHAPTER1 Environment and Theoretical Structure of Financial Accounting 2
Part A:Financial Accounting Environment 3
The Economic Environment and Financial Reporting 5
The Development of Financial Accounting and Reporting Standards 8
Encouraging High-Quality Financial Reporting 14
A Move Away from Rules-Based Standards?15
Part B:The Conceptual Framework 17
Objective of Financial Reporting 19
Qualitative Characteristics of Financial Reporting Information 19
Elements of Financial Statements 22
Underlying Assumptions 22
Recognition,Measurement,and Disclosure Concepts 24
Evolving GAAP 31
CHAPTER 2 The Balance Sheet and Financial Disclosures 34
……