Publisher's Synopsis
This advanced text seeks to integrate theory relating to the three traditional areas of financial accounting, managerial accounting and finance and also to integrate the behavioural aspects of accounting theory with the more traditional analysis of measurement problems. This book discusses the conflict between accounting and economic income, analyzes the strengths and weaknesses of different accounting methods and has a capital market perspective. Both financial and management accounting are covered. It provides a European approach as an alternative to the traditional US approach to accounting theory. It attempts to realistically describe how both internal and external accounting information is used in practice rather than focusing on the empirical result of academic research. It integrates accounting and finance theory into a single work.
