Mehr lesen
In recent years, the accounting profession has been faced with a number of unresolved problems. One of the most crucial has been the failure to distinguish between two separate sectors of the economy, the core and the periphery. This work offers a comprehensive study of this dual economy in which large organizations are clustered at the center while smaller organizations are arrayed on the periphery. At least two sets of accounting standards are required to adequately serve this structure, Monti-Belkaoui and Belkaoui argue, and just what these standards are, and how they would affect such issues as financial reporting, is the subject of this book.
The work explores the nature of the dual economy and provides a perspective on the way in which the concept operates. The authors begin their study with a survey of the theories and implications of the dual economy, and the issues of accounting validation in such a structure. In a number of succeeding chapters, they then analyze some fundamental accounting problems and their relation to economic dualism, including income smoothing, auditor switching, and bond rating changes. The work concludes with an examination of public policy and standard-setting solutions to the dual economy situation.
Accounting in the Dual Economy will be a useful resource for a wide variety of professionals, including practicing accountants, financial managers, and legislators. It will also be an important supplementary text for courses in accounting and public policy.
Inhaltsverzeichnis
Preface
Dual Economy and Dual Labor Markets: Theories and Implications
Accounting Validation of the Dual Economy
Income Smoothing
Auditor Switching
Bond-Rating Changes, Accounting Changes
Standard Setting
Index
Über den Autor / die Autorin
AHMED BELKAOUI is Professor of Accounting at the University of Illinois at Chicago and is a recognized authority on accounting. He has served as a consultant to corporations, institutions, and governments throughout the world. Among his recent books are
Human Information Processing in Accounting (Quorum, 1989),
Industrial Bonds and the Rating Process,
International Accounting,
Socio-Economic Accounting,
Public Policy and the Problems and Practices of Accounting, and
The Learning Curve (all published by Quorum Books). He is the author of more than 70 articles and reviews.
