About this product

Product Identifiers

PublisherBloomsbury Publishing USA

ISBN-101567200184

ISBN-139781567200188

eBay Product ID (ePID)878610

Product Key Features

Number of Pages192 Pages

Publication NameFairness in Accounting

LanguageEnglish

Publication Year1996

SubjectAccounting / Financial, Accounting / General, General

TypeTextbook

AuthorAhmed Riahi-Belkaoui, Janice Monti-Belkaoui

Subject AreaBusiness & Economics

FormatHardcover

Dimensions

Item Height0.5 in

Item Weight16 Oz

Item Length9.2 in

Item Width6.1 in

Additional Product Features

Intended AudienceCollege Audience

LCCN95-038764

Dewey Edition20

Reviews"The authors expand the issue of fairness in accounting beyond the traditional view of 'presented fairly in conformity with GAAP' to include fairness in distribution of accounting information, nontraditional disclosure needs, and intrafirm disclosure requirements... Chapters 2 3, and 4 examine fairness in the distribution of accounting information (neutrality), fairness in the extent of disclosure neccessary, and fairness in intrafirm reporting and its impact on managerial behavior. Several philosophical concepts of distributive justice are applied to accounting, such as social justice, liberty, economic entitlement, right to well-being, freedom, opportunism, and enw forms of accounting (value added, social, and human resources). These three chapters should be required reading for Financial Accounting Standards Board members, SEC commisioners, and other rule setters." Choice

Number of Volumes1 vol.

IllustratedYes

Dewey Decimal657/.3

Table Of ContentPreface Fairness in Presentation Fairness in Distribution Fairness in Disclosure Entitlements, Rights, and Fairness in Intrafirm Resource Allocation Selected Readings Index

SynopsisAuditor's reports declare that the financial statements contained in them present fairly the results of operations and cash flows, in conformity with generally accepting accounting principles. Users of accounting information are guaranteed that the auditors have attempted to be fair in their presentation -- but what does this actually mean, and are there other ways in which the fairness concept comes into play? Monti-Belkaoui and Riahi-Belkaoui explore these matters in concise, readable detail, not only for their colleagues in the academic community but for professionals in accounting firms as well. Fairness has an important place in the practice of accounting. It is stated in the auditor's report that the financial statements present fairly the results of operations and cash flows for the year ended in conformity with generally accepted accounting principles. The statement presents to the users and the market the guarantee that the accountants (as preparers) and the auditors (as attestors) have strived to be fair. This conventional nature of the concept of fairness is fairness in presentation, connoting an idea of neutrality in the preparation and presentation of financial reports and the idea of justice in outcome. This view of fairness in accounting as fairness in presentation is rather limited calling for expansion of the notion of fairness to deal with distribution, disclosure and resource allocation considerations. Accordingly, the main objective of this book is to explain the conventional notion of fairness in presentation before elaborating on the more interesting notions of fairness in distribution, fairness in disclosure and fairness in resource allocation. Each of these concepts is presented in a separate chapter. Chapter 1: The Fairness in Presentation will cover the conventional treatment of fairness in accounting as well as resulting limitations and consequences. Chapter 2: IFairness in Distribution will cover the contributions of various theories of justice (Rawls, Nozick, and Gerwith in particular) to different interpretations of fairness in accounting. Chapter 3: rness in Disclosure Users will cover the avenues available for better disclosure to users in general that meet the interest of all the stakeholders. Chapter 4: rness and Entitlement l show how a moral authority espousing different theories of justice can reduce self-interest as it affects intrafirm distribution and disclosure. The book may be used as a guide to the understanding of the concept of fairness as fairness in presentation and to the expansion of the concept to deal with the more crucial issues of distribution, disclosure, and resource allocation. It should be of interest to members of the accounting profession and accounting students and researchers.

LC Classification NumberHF5681