Accounting theory and policy making

• Main Authors: Underdown, Brian (Author), Taylor, Peter 1947- (Author)
• Format: Book
• Language: English
• Published: London Heinemann 1985
• Subjects: Accounting
• Online Access: Click Here to View Status and Holdings.

 Accounting Theory and Policy Making providesa comprehensive survey of developments in accounting theory and their implications for the regulation of financial reporting and the process of standard setting in the UK. In recent years the establishment of standard setting boards has focused attention on the problems of determining agreed objectives for financial reporting. Lack of knowledge about user needs and conflicts of interest in the information market ensure that accounting policy makers face a daunting task. One result has been an expanding literature on a priori and empirical research findings. In particular, much effort has been directed towards attempts to develop a general theory of accounting. Empirical accounting research has been concerned mainly with inquiry into the predictive value of financial data and the effectr of