Making Accounting Policy (The ^AWharton Executive Library)

By David Solomons

The accounting policies that companies follow in preparing their financial statements have assumed critical importance in recent years. The way that expenditures and income are treated can make an enormous difference in the way a firm's performance is judged by stockholders, the financial community, regulatory agencies, and other interested parties. One set of policies can make a company's performance seem better or worse than another set of policies.

This book offers a clear and practical guide to understanding the crucial significance of accounting policy. It discusses the basic objectives of financial reporting, what is reported and when it is reported, how profits are measured, the way policies are regulated, and how accounting practices differ in the international arena. Explaining the process by which accounting standards are set and how they have evolved, it also recommends directions that should be taken in setting those standards during the years ahead.

About the Author:

David Solomons, Arthur Young Professor of Accounting Emeritus at the Wharton School, was a member of the committee that brought the Financial Accounting Standards Board into existence and has been involved with the Board's activities for several years.

• Format: Hardcover
• Language: English
• ISBN: 0195037014
• ISBN13: 9780195037012
• Release Date: May 1986
• Publisher: Oxford University Press
• Length: 278 Pages
• Weight: 1.00 lbs.
• Dimensions: 8.4" x 1.1" x 5.8"