The Economics and Politics of Accounting: International Perspectives on Research Trends, Policy, and Practice

Table of contents

• The Economics and Politics of Accounting i
• The Economics and Politics of Accounting iii
• Foreword: in Appreciation of Dieter Ordelheide vii
• References xii
• Preface xiii
• Contents xvii
• List of Figures xx
• List of Tables xxi
• List of Contributors xxiii
• Introduction and Overview xxv
• Part I on the Economics and Roles of Accounting 1
• Section 1 Roles of Financial Accounting: Equity Valuation 3
• Chapter 1.1 Accounting and Economics: What We Learn from Analytical Models in Financial Accounting and Reporting 5
• Chapter 1.2 Aspects of the Future in Accounting: the Use of Market Prices and “fair Values” in Financial Reports 32
• Chapter 1.3 the Limitations of Financial Reporting 58
• Section 2 Roles of Financial Accounting: Performance Measurement and Corporate Governance 79
• Chapter 2.1 Value-Based Management and Performance Measures: Cash Flow Versus Accrual Accounting 81
• Chapter 2.2 Corporate Governance and Financial Reporting at Daimler-Benz (Daimlerchrysler) Ag: from a “stakeholder” Toward a “shareholder Value” Model 103
• References 142
• Part II on the Regulation and Enforcement of Accounting 145
• Section 3 Disclosure Regulation 147
• Chapter 3.1 Policy Implications from the Theory-Based Literature on Disclosure 149
• References 162
• Chapter 3.2 Proprietary Versus Nonproprietary Disclosures: Evidence from Germany 164
• References 195
• Section 4 Enforcement of Accounting Standards 199
• Chapter 4.1 New Accounting for Goodwill: Application of American Criteria from a German Perspective 201
• Chapter 4.3 Audit Regulation, Audit Quality, and Audit Research in the Post-Enron Era: An Analysis of Nonaudit Services 239
• References 261
• Part III on the Politics and Standard-Setting of Accounting 265
• Section 5 the Role of Accounting in Society and Constituent Lobbying 267
• Chapter 5.1 the Politics of Accounting: A Framework 269
• References 315
• References 344
• Section 6 Standard-Setting Processes and International Accounting Standards 347
• Chapter 6.1from Accounting Directives to International Accounting Standards 349
• Chapter 6.2 Academics in the Accounting Policy Process: England and Germany Compared 376
• Index 393

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