Ebook: Contemporary Issues in Accounting Regulation

Contemporary Issues in Accounting Regulation looks at accounting regulation in a different way. The opening chapters explore the tension between the power of the state and the forces of the market, and other aspects of the political dimension to accounting regulation. The book also examines the process of setting accounting standards, highlighting the crucial role of standard setters in assessing the level of public support for an issue in the face of opposing positions taken by powerful interest groups. In addition, the book provides an introduction to the theoretical framework of accounting regulation, looking at choices between controversial accounting methods and at markets that are characterized by asymmetry of information and beliefs. The final chapters of the book are concerned with creative accounting, deregulation of financial reporting by smaller companies, and the link between price regulation and accounting policy choices.

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Contemporary Issues in Accounting Regulation looks at accounting regulation in a different way. The opening chapters explore the tension between the power of the state and the forces of the market, and other aspects of the political dimension to accounting regulation. The book also examines the process of setting accounting standards, highlighting the crucial role of standard setters in assessing the level of public support for an issue in the face of opposing positions taken by powerful interest groups. In addition, the book provides an introduction to the theoretical framework of accounting regulation, looking at choices between controversial accounting methods and at markets that are characterized by asymmetry of information and beliefs. The final chapters of the book are concerned with creative accounting, deregulation of financial reporting by smaller companies, and the link between price regulation and accounting policy choices.

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Contemporary Issues in Accounting Regulation looks at accounting regulation in a different way. The opening chapters explore the tension between the power of the state and the forces of the market, and other aspects of the political dimension to accounting regulation. The book also examines the process of setting accounting standards, highlighting the crucial role of standard setters in assessing the level of public support for an issue in the face of opposing positions taken by powerful interest groups. In addition, the book provides an introduction to the theoretical framework of accounting regulation, looking at choices between controversial accounting methods and at markets that are characterized by asymmetry of information and beliefs. The final chapters of the book are concerned with creative accounting, deregulation of financial reporting by smaller companies, and the link between price regulation and accounting policy choices.
Content:
Front Matter....Pages i-xxi
State Versus Market: Contending Interests in the Struggle to Control French Accounting Standardisation....Pages 1-39
The State of Accounting and the State of the State....Pages 41-58
Regulating Accounting Within the Political and Legal System....Pages 59-78
The ‘Public Interest’ in the Context of Accounting Regulation....Pages 79-94
Participation and Non-Participation in the Standard Setting Process....Pages 95-104
Related Party Transactions: A Case Study of Standard Setting in the UK....Pages 105-118
The Regulation of Public Disclosure: An Introductory Analysis with Application to International Accounting Standards....Pages 119-134
Is the Usefulness Approach Useful? Some Reflections on the Utility of Public Information....Pages 135-153
Corporate Governance and Creative Accounting: A Comparison Between Spain and the UK....Pages 155-165
Deregulation of Small Company Financial Reporting in the UK....Pages 167-185
The Impact of Price Controls on Accounting Policy Choice: An International Study of Depreciation Methods in the Electricity Industry....Pages 187-198
Back Matter....Pages 199-211

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Contemporary Issues in Accounting Regulation looks at accounting regulation in a different way. The opening chapters explore the tension between the power of the state and the forces of the market, and other aspects of the political dimension to accounting regulation. The book also examines the process of setting accounting standards, highlighting the crucial role of standard setters in assessing the level of public support for an issue in the face of opposing positions taken by powerful interest groups. In addition, the book provides an introduction to the theoretical framework of accounting regulation, looking at choices between controversial accounting methods and at markets that are characterized by asymmetry of information and beliefs. The final chapters of the book are concerned with creative accounting, deregulation of financial reporting by smaller companies, and the link between price regulation and accounting policy choices.
Content:
Front Matter....Pages i-xxi
State Versus Market: Contending Interests in the Struggle to Control French Accounting Standardisation....Pages 1-39
The State of Accounting and the State of the State....Pages 41-58
Regulating Accounting Within the Political and Legal System....Pages 59-78
The ‘Public Interest’ in the Context of Accounting Regulation....Pages 79-94
Participation and Non-Participation in the Standard Setting Process....Pages 95-104
Related Party Transactions: A Case Study of Standard Setting in the UK....Pages 105-118
The Regulation of Public Disclosure: An Introductory Analysis with Application to International Accounting Standards....Pages 119-134
Is the Usefulness Approach Useful? Some Reflections on the Utility of Public Information....Pages 135-153
Corporate Governance and Creative Accounting: A Comparison Between Spain and the UK....Pages 155-165
Deregulation of Small Company Financial Reporting in the UK....Pages 167-185
The Impact of Price Controls on Accounting Policy Choice: An International Study of Depreciation Methods in the Electricity Industry....Pages 187-198
Back Matter....Pages 199-211
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