Financial accounting theory : Seventh edition

Аннотация

This book began as a series of lesson notes for a fi nancial accounting theory course of the Certifi ed General Accountants’ Association of Canada (CGA). The lesson notes grew out of a conviction that we have learned a great deal about the role of fi nancial accounting and reporting in our society from securities markets and information economics-based research conducted over many years, and that fi nancial accounting theory comes into its own when we formally recognize the information asymmetries that pervade business relationships.