Title:
Rethinking the rules of financial accounting : examining the rules for proper reporting
Author:
Anthony, Robert N. (Robert Newton), 1916-2006.
ISBN:
9780071423878
Personal Author:
Publication Information:
New York : McGraw-Hill, ©2004.
Physical Description:
vi, 233 pages ; 24 cm
Contents:
Recent Developments -- Bubbles -- Approach -- Criteria -- Measurements in General -- Measurement Concepts in Financial Accounting -- The Financial Position Statement -- Recognition of Solvency in Other Countries -- Defects of the Balance Sheet -- The Solvency Statement -- Arguments against a Solvency Statement -- The Income Statement -- Equity Interest -- Other Income Statement Problems -- Statement of Changes in Equity -- Defects -- Remedy -- The Cash Flow Statement -- Defects -- Remedies -- Nonprofit Accounting -- Defects -- Remedies -- State and Local Government Accounting -- Defects -- Remedies -- Implementation -- Suggested Changes -- Organizing the Review -- Federal Accounting Standards -- Federal Accounting Standards Advisory Board -- Causes of the FASAB's Failure -- Suggested Actions -- Summary of Recommendations -- Chapter 3: The Financial Position Statement -- Chapter 4: The Income Statement -- Chapter 5: Statements of Changes in Equity -- Chapter 6: The Cash Flow Statement -- Chapter 7: Nonprofit Accounting -- Chapter 8: State and Local Government Accounting -- Chapter 9: Implementation -- Chapter 10: Federal Accounting Standards.
Abstract:
Publisher Description (unedited publisher data) Counter Why yesterday's accounting model doesn't work anymore, and how it can be fixed As Congress and the nation debate the state of accounting today, Rethinking the Rules of Financial Accounting examines the governing set of laws and proposes needed upgrades and improvements. Prolific writer Robert Anthony examines and discusses how and why specific rules of accounting contain inconsistencies, resulting in conflicting reports, and ways to correct the defects for reliable financial information. Robert Anthony continues to help generations of students and professionals learn and apply the rules of accounting. Now he turns his sights to practitioners as he discusses: How today's rules and standards were first developed Ways to improve each of the four key financial statements Implementation of changes in the rules for governing the financial reporting model.
Electronic Access:
Contributor biographical information http://catdir.loc.gov/catdir/bios/mh042/2003004809.htmlPublisher description http://catdir.loc.gov/catdir/description/mh031/2003004809.html