Accounting Theory: Text and Readings, 6th Edition (Hardcover)

~ Richard G. Schroeder (Author), Myrtle W. Clark (Author)
Key Phrases: team debate, international accounting standards, fair value measurements, Tootsie Roll, New York, Financial Accounting Standards Board (more...)

Editorial Reviews

Product Description

This highly successful look at accounting theory is the only book featuring both readings (current and classic articles from professional publications) and material on generally accepted accounting principles. This format allows for an in-depth discussions of financial accounting issues which is supplemented by readings directly connected with every chapter. It features the latest International Accounting Standards Committee standards by integrating comparisons of international standards with U.S. standards in each appropriate chapter. This edition includes ten new articles and integrates FASB dissents into discussions of the topics.

From the Back Cover

PRACTICAL SKILLS AND THEORY FOR TODAY'S INCREASINGLY GLOBAL ECONOMY

Updated,  refocused, and revised, this Seventh Edition of ACCOUNTING THEORY AND ANALYSIS will help  you build strong critical thinking skills and a sound theoretical background, so you can evaluate accounting practice in today's increasingly global world economy. The text's unique and timely collection of cases and readings covers all areas of accounting and shows how the latest accounting standards impact decision making.

In the new edition, Richard Schroder and Myrtle Clark are joined by new co-author Jack M. Cathey of the University of North Carolina, Charlotte.

A strong emphasis on the financial analysis of the major topics throughout the text

New coverage of the Business Reporting Research Project (Chapter 1), fundamental analysis (Chapter 2), the concept of earnings quality (Chapter 3), the value of corporate earning (Chapter 4), and international accounting (Chapter 6)

Updated coverage of the 40 International Accounting Standards and the Financial Accounting Standards Board's evaluation of each of the International Accounting Standards

Updated coverage of the FASB's Statements of Financial Accounting Standards

Several new cases in each chapter, including cases on each of the accompanying readings, a new continuing financial analysis case in each chapter, and numerous cases involving the Internet

Classroom debate topics in the assignment material in each chapter  --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 848 pages
• Publisher: Wiley; 6 edition (September 10, 1997)
• Language: English
• ISBN-10: 0471189081
• ISBN-13: 978-0471189084
• Product Dimensions: 9.3 x 6.2 x 1.6 inches
• Shipping Weight: 2.7 pounds
• Average Customer Review: 2.8 out of 5 stars  See all reviews (10 customer reviews)
• Amazon.com Sales Rank: #5,199,278 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

6 of 6 people found the following review helpful:

1.0 out of 5 stars Huh?, October 10, 2006

By	D.C "D.C" (Boston) - See all my reviews

This review is from: Financial Accounting Theory and Analysis: Text Readings and Cases, Eighth Edition (Paperback)

Apparently, the previous two reviews were written by the authors.

In all honesty, this is the most un-readable text I have encountered in my 4 years of undergrad and 1+ years of grad study.

I can understand the diffuclty in translating FASB and SFAS principles to layman's terms, but the general flow of the text is verbose and time consuming.

The follow up questions at the end of each chapter often refer to topics that are defined differently in the chapter itself, leading you to re-read and re-read the same chapter. Important topics that could be otherwise easily explained are drawn out to the point where you feel your just plain stupid.

If you are a professor and your looking for a text to assign, this is not it.

Unless you're a sadist.

1 of 1 people found the following review helpful:

1.0 out of 5 stars Rambling about topics, April 20, 2009

By	lskj (Vienna, Austria, Europe) - See all my reviews

This review is from: Financial Accounting Theory and Analysis: Text and Cases (Hardcover)

This book is truly one of the worst I have had to read in my undergraduate and graduate years. It goes on and on about a topic by throwing out poorly organized points only to tell the reader after several pages that this it what was done before and now it is done differently. If the FASB issued several statements on one issue, all of them are discussed in the order of earliest to latest, all the time leaving the reader guessing as to what information is still used in accounting and which one is not. The information in each chapter is presented in a rather haphazard manner, sometimes several important thoughts are presented in one long paragraph, sometimes clearly related ideas are presented in three-line paragraphs. The headings do not provide structure, but instead mislead the reader as to the existing structure. No chapter ends with a conclusion, instead, all of a sudden the rambling stops and one is left to wonder how the various pieces of information are related. The exercises rarely correlate with the material in the chapter and the Room for Debate issues require students to argue for viewpoints that cannot reasonably exist.

5.0 out of 5 stars Textbooks, November 2, 2009

By	Denise Boyd-taylor - See all my reviews (REAL NAME)

Amazon Verified Purchase

This review is from: Financial Accounting Theory and Analysis: Text Readings and Cases, Eighth Edition (Paperback)

I was very please with my textbook purchase. It was in excellent condition even though it was used. Also, I received the book in a timely fashion. Most of all the price was very reasonable.