Book Description:
“Explore the latest in financial accounting with William R. Scott’s ‘Financial Accounting Theory, 7th Edition.’ Dive into updated content on IFRS and GAAP, crucial theories, and practical frameworks essential for understanding today’s accounting landscape.”
Financial Accounting Theory, 7th Edition
- Author: William R. Scott
- Publisher: John Wiley & Sons
- ISBN: 978-0132984669
Introduction: Financial Accounting Theory provides a comprehensive and authoritative overview of the conceptual framework of financial accounting and reporting. The Seventh Edition has been thoroughly updated and revised to reflect the latest developments in the field, including the International Financial Reporting Framework (IFRS) and the U.S. Generally Accepted Accounting Principles (GAAP). The book offers a rigorous analysis of the theoretical underpinnings of financial accounting, including the recognition and measurement of assets and liabilities, income and expenses, and the determination of net income. It also examines the theoretical issues underlying the presentation of financial statements, including the balance sheet, income statement, and statement of cash flows.