OverviewThe book is written for accounting students to be used as the basis for units that investigate financial accounting theory. It also provides more general coverage of aspects of financial accounting theory. It incorporates theory from around the world and includes enhanced discussion on the internationalisation of financial accounting, so is relevant to financial accounting theory students internationally. Theories described and discussed include positive accounting theory, political economic theory, institutional theory, stakeholder theory, legitimacy theory, capture theory and various normative theories of accounting, as well as some approaches developed to account for changing prices, perspectives and various conceptual framework projects. Throughout the book, the theory is illustrated with practical examples as well as extracts from media reports that link the theory to practice. The 12-chapter format is ideal for undergraduate accounting units, but the book is also a useful reference for postgraduate research students. Each chapter provides learning objectives, chapter summaries and end-of-chapter discussion questions and exercises.