,Contemporary Issues in Financial
Reporting
With the collapse of Enron in 2001, and other similar scandals, financial
reporting and its relation to corporate governance has become a contentious
issue. In this book Paul Rosenfield involves the reader in exploring
contemporary financial reporting, highlighting the deficiencies in current
methods.
Contemporary Issues in Financial Reporting challenges the reader to critically
think through the issues and arguments involved in the practice of financial
reporting. The book goes to the heart of the most difficult and controversial
problems, presenting the major issues and commenting upon the solutions
that have been offered in the financial reporting literature. The grave defects
in current accepted accounting principles are demonstrated and exposed, and
Paul Rosenfield offers alternative solutions.
Paul Rosenfield is a CPA for the state of Illinois and worked for the AICPA
for 30 years, during which time he was Director of the Institute’s Account-
ing Standards Division. He taught financial reporting at Hunter College,
New York, and has published widely on the subject, including co-editing
the tenth edition of the Accountants’ Handbook (2003).
Accounting students and professors, as well as regulators and account-
ing professionals in firms and companies, can profit immensely from
this refreshing and fearless analysis of the major issues of the day in
financial reporting.
Stephen A. Zeff, Herbert S. Autrey Professor of Accounting
at Rice University, USA
,Routledge new works in accounting history
Edited by Garry Carnegie (Melbourne University Private, Australia),
John Richard Edwards (Cardiff University, UK), Salvador Carmona (Insti-
tuto de Empresa, Spain) and Dick Fleischman (John Carroll University,
USA).
1 The Institute of Accounts
Nineteenth-century origins of accounting professionalism in the United
States
Stephen E. Loeb and Paul J. Miranti, Jr
2 Professionalism and Accounting Rules
Brian P. West
3 Accounting Theory
Essays by Carl Thomas Devine
Edited by Harvey S. Hendrickson and Paul F. Williams
4 Mark to Market Accounting
“True North” in financial reporting
Walter P. Schuetze, edited by Peter W. Wolnizer
5 A History of Auditing
The changing audit process in Britain from the nineteenth century to the
present day
Derek Matthews
6 Contemporary Issues in Financial Reporting
A user-oriented approach
Paul Rosenfield
, Contemporary Issues in
Financial Reporting
A user-oriented approach
Paul Rosenfield
Reporting
With the collapse of Enron in 2001, and other similar scandals, financial
reporting and its relation to corporate governance has become a contentious
issue. In this book Paul Rosenfield involves the reader in exploring
contemporary financial reporting, highlighting the deficiencies in current
methods.
Contemporary Issues in Financial Reporting challenges the reader to critically
think through the issues and arguments involved in the practice of financial
reporting. The book goes to the heart of the most difficult and controversial
problems, presenting the major issues and commenting upon the solutions
that have been offered in the financial reporting literature. The grave defects
in current accepted accounting principles are demonstrated and exposed, and
Paul Rosenfield offers alternative solutions.
Paul Rosenfield is a CPA for the state of Illinois and worked for the AICPA
for 30 years, during which time he was Director of the Institute’s Account-
ing Standards Division. He taught financial reporting at Hunter College,
New York, and has published widely on the subject, including co-editing
the tenth edition of the Accountants’ Handbook (2003).
Accounting students and professors, as well as regulators and account-
ing professionals in firms and companies, can profit immensely from
this refreshing and fearless analysis of the major issues of the day in
financial reporting.
Stephen A. Zeff, Herbert S. Autrey Professor of Accounting
at Rice University, USA
,Routledge new works in accounting history
Edited by Garry Carnegie (Melbourne University Private, Australia),
John Richard Edwards (Cardiff University, UK), Salvador Carmona (Insti-
tuto de Empresa, Spain) and Dick Fleischman (John Carroll University,
USA).
1 The Institute of Accounts
Nineteenth-century origins of accounting professionalism in the United
States
Stephen E. Loeb and Paul J. Miranti, Jr
2 Professionalism and Accounting Rules
Brian P. West
3 Accounting Theory
Essays by Carl Thomas Devine
Edited by Harvey S. Hendrickson and Paul F. Williams
4 Mark to Market Accounting
“True North” in financial reporting
Walter P. Schuetze, edited by Peter W. Wolnizer
5 A History of Auditing
The changing audit process in Britain from the nineteenth century to the
present day
Derek Matthews
6 Contemporary Issues in Financial Reporting
A user-oriented approach
Paul Rosenfield
, Contemporary Issues in
Financial Reporting
A user-oriented approach
Paul Rosenfield
