The Economics and Politics of Accounting : International Perspectives on Research Trends, Policy, and Practice.
- 1st ed.
- 1 online resource (435 pages)
Intro -- Contents -- List of Figures -- List of Tables -- List of Contributors -- Introduction and Overview -- Part I. On the Economics and Roles of Accounting -- 1 Roles of Financial Accounting: Equity Valuation -- 1.1 Accounting and Economics: What We Learn from Analytical Models in Financial Accounting and Reporting -- 1.2 Aspects of the Future in Accounting: The Use of Market Prices and "Fair Values" in Financial Reports -- 1.3 The Limitations of Financial Reporting -- 2 Roles of Financial Accounting: Performance Measurement and Corporate Governance -- 2.1 Value-Based Management and Performance Measures: Cash Flow versus Accrual Accounting -- 2.2 Corporate Governance and Financial Reporting at Daimler-Benz (DaimlerChrysler) AG: From a "Stakeholder" toward a "Shareholder Value" Model -- Part II. On the Regulation and Enforcement of Accounting -- 3 Disclosure Regulation -- 3.1 Policy Implications from the Theory-Based Literature on Disclosure -- 3.2 Proprietary versus Nonproprietary Disclosures: Evidence from Germany -- 4 Enforcement of Accounting Standards -- 4.1 New Accounting for Goodwill: Application of American Criteria from a German Perspective -- 4.2 Compliance with German and International Accounting Standards in Germany: Evidence from Cash Flow Statements -- 4.3 Audit Regulation, Audit Quality, and Audit Research in the Post-Enron Era: An Analysis of Nonaudit Services -- Part III. On the Politics and Standard-Setting of Accounting -- 5 The Role of Accounting in Society and Constituent Lobbying -- 5.1 The Politics of Accounting: A Framework -- 5.2 Constituent Lobbying and Its Impact on the Development of Financial Reporting Regulations: Evidence from Germany -- 5.3 Drafting Accounting Law: An Analysis of Institutionalized Interest Representation -- 6 Standard-Setting Processes and International Accounting Standards. 6.1 From Accounting Directives to International Accounting Standards -- 6.2 Academics in the Accounting Policy Process: England and Germany Compared -- Index -- A -- B -- C -- D -- E -- F -- G -- H -- I -- J -- K -- L -- M -- N -- O -- P -- Q -- R -- S -- T -- U -- V -- W.
Accounting and the role of accountants have permeated modern societies. For the most part we have accepted the impartiality and objectivity of accounting and not recognized how accounting systems are embedded in a country's economic and legal framework, much of which is in turn shaped by political processes. This web of interactions results in complex economic and political questions which require accounting researchers to focus on several related trends: information economics, regulatory economics, sociology, and political science. Although considerable progress has been made in the field of accounting, many fundamental questions are still subject to debate. In this book leading international scholars address a number of important questions about the role of accounting in society.
9780191536830
Accounting. Accounting -- Political aspects. Accounting -- Standards.