財(cái)務(wù)會(huì)計(jì)理論

內(nèi)容概要

《財(cái)務(wù)會(huì)計(jì)理論》(第5版)被譽(yù)為“會(huì)計(jì)學(xué)的最高境界”，它在結(jié)合西方會(huì)計(jì)理論界實(shí)證研究成果的基礎(chǔ)上，取材現(xiàn)實(shí)中的跨國(guó)企業(yè)報(bào)告、著名公司運(yùn)作案例、各種傳媒的報(bào)道，來(lái)闡述財(cái)務(wù)會(huì)計(jì)如何發(fā)揮作用，提高會(huì)計(jì)信息的效率，呈現(xiàn)了會(huì)計(jì)理論研究及“實(shí)證”方法的獨(dú)特魅力。
《財(cái)務(wù)會(huì)計(jì)理論》(第5版)對(duì)于以會(huì)計(jì)學(xué)為專業(yè)及準(zhǔn)備投身于財(cái)務(wù)會(huì)計(jì)研究的讀者而言，這種”導(dǎo)游圖”式的架構(gòu)所能提供的幫助是盡快取得成功的關(guān)鍵；對(duì)于那些希望從財(cái)務(wù)會(huì)計(jì)的視角來(lái)充分領(lǐng)略經(jīng)濟(jì)學(xué)魅力的讀者，《財(cái)務(wù)會(huì)計(jì)理論》在展現(xiàn)現(xiàn)代經(jīng)濟(jì)學(xué)中涌現(xiàn)的紛繁復(fù)雜的數(shù)理模型的同時(shí)，還提供邏輯一致、現(xiàn)實(shí)鮮活的運(yùn)用實(shí)例。本書由威廉·R.斯科特著。

作者簡(jiǎn)介

威廉·R.斯科特，加拿大滑鐵盧大學(xué)榮譽(yù)退休教授，皇后大學(xué)著名會(huì)計(jì)學(xué)教授。威廉·R.斯科特于1968年獲得芝加哥大學(xué)工商管理碩士，于1973年獲得芝加哥大學(xué)會(huì)計(jì)學(xué)博士。1988年由于他在會(huì)計(jì)思想方面的卓越貢獻(xiàn)獲得加拿大學(xué)術(shù)會(huì)計(jì)協(xié)會(huì)(CAAA)頒發(fā)的杰出貢獻(xiàn)獎(jiǎng)。

書籍目錄

Preface
Acknowledgments
1  Introduction
  1.1  The Objective of This Book
  1.2  Some Historical Perspective
  1.3  A Note on Ethical Behaviour
  1.4  The Complexity of Information in Financial Accounting and
Reporting
  1.5  The Role of Accounting Research
  1.6  The Importance of Information Asymmetry
  1.7  The Fundamental Problem of Financial Accounting Theory
  1.8  Regulation as a Reaction to the Fundamental Problem
  1.9  The Organization of This Book
    1.9.1  Ideal Conditions
    1.9.2  Adverse Selection
    1.9.3  Moral Hazard
    1.9.4  Standard Setting
    1.9.5  The Process of Standard Setting
  1.10 Relevance of Financial Accounting Theory to Accounting
Practice
2 Accounting Under Ideal Conditions
  2.1  Overview
  2.2  The Present Value Model Under Certainty
    2.2.1  Summary
  2.3  The Present Value Model Under Uncertainty
    2.3.1  Summary
  2.4  Reserve Recognition Accounting(RRA)
    2.4.1  An Example of RRA
    2.4.2  Summary
    2.4.3  Critique of RRA
    2.4.4  Summary
  2.5  Historical Cost Accounting Revisited
    2.5.1  Comparison of Different Measurement Bases
    2.5.2  Accruals
    2.5.3  Summary
  2.6  The Non.Existence of True Net Income
  2.7  Conclusion to Accounting Under Ideal Conditions
3 The Decision Usefulness Approach to Financial Reporting
  3.1  Overview
  3.2  The Decision Usefulness Approach
    3.2.1  Summary
  3.3  Single-Person Decision Theory
    3.3.1  Decision Theory Applied
    3.3.2  The Information System
    3.3.3  Information Defined
    3.3.4  Summary
  ……

章節(jié)摘錄

版權(quán)頁(yè)：   Conversely,if expected earning power has not increased,unfavourable information will be observed over time.Then,we would expect the share overvaluation to reverse as the overvaluation is revealed.This overreaction to net income produces a time pattern of share returns similar to the behavioural concept of representativeness,and is consistent with PAD for BN firms,and with high-accrual firms. The point is that if we relax the assumption of stationarity of underlying financial reporting parameters,rational investor behaviour can produce similar patterns of underreaction and overreaction to accounting information as behavioural finance. This argument can possibly explain the findings of Doyle,Lundholm,and Soliman (2006) (DLS).These authors examined a large sample of quarterly earnings announcements over 1988-2000.They found that the share returns of those firms reporting large positive earnings surprises (actual reported earnings less analysts' consensus forecasts) on average drifted upwards for three years following the earnings announcement.Similarly,share returns of firms with large negative earnings surprises drifted downwards over the same period.DLS reported an average three-year return of 24% to a strategy of buying shares of sample firms in the top 10% of earnings surprises and selling short shares of firms in the lowest 10% category.Furthermore,these returns continued to hold after allowing for the effects on returns of risk (e.g.,beta) and other anomalies (e.g.,accruals anomaly). The three-year upward drift reported by DLS suggests that their firms reporting extreme earnings surprises have in fact experienced an upward or downward shift in expected earning power on average,but that it takes investors up to three years to find enough confirming evidence to fully accept the shift.This result is consistent with the Brav and Heaton argument.Of course,this result is also consistent with behaviourally biased investors.However,DLS report that their extreme sample firms are relatively small,with relatively little analyst following and relatively few institutional shareholders,leading to high transactions costs.Furthermore,it is likely that investors trying to earn the 24% excess return reported by DLS would bear idiosyncratic risk.As discussed earlier,all of these considerations lead to high limits to arbitrage.Nevertheless,as Brav andHeaton point out,it is difficult to distinguish convincingly which.theory is operative,since both theories predict the same share price behaviour over time.

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