Value and Profit: An Introduction to Measurement in Financial Reporting - Softcover

Whittington, Geoffrey

Softcover

ISBN 10: 0521155886 ISBN 13: 9780521155885

Publisher: Cambridge University Press, 2017

Synopsis

The measurement methods used in financial accounting affect our perception of the value and performance of businesses by determining the amount of reported profit or loss and the resources of the business. Thus, measurement affects shareholders and other stakeholders in the business. It has even been suggested that the world financial crisis of 2007–2010 was partly due to the mis-measurement of financial instruments. In this book, Geoffrey Whittington provides a unique survey of the theory and practice of measurement in financial accounts. It seeks to define and illustrate alternative methods, using simple numerical examples, and to analyse their theoretical properties. Also, it summarises extensive empirical evidence and the historical development of ideas and practice. It is essential reading for advanced undergraduate and postgraduate students studying financial accounting, as well as practitioners and policy-makers concerned with accounting standards.

About this title

About the Author

Geoffrey Whittington is a Senior Research Associate of the Cambridge Centre for Alternative Finance, Judge Business School, Cambridge and a founding member of the International Accounting Standards Board, London (2001–6). He is the author of numerous publications and essays on financial accounting, including The Elements of Accounting (Cambridge, 1992) and The Debate on Inflation Accounting with David Tweedie (Cambridge, 1984).

Edition details

• Publisher: Cambridge University Press
• Publication date: 2017
• Language: English
• ISBN 10: 0521155886
• ISBN 13: 9780521155885
• Binding: Paperback
• Number of pages: 362