Financial accounting theory has numerous practical applications and policy implications, for instance, international accounting standard setters are increasingly relying on theoretical accounting concepts in the creation of new standards; and corporate regulators are increasingly turning to various conceptual frameworks of accounting to guide regulation and the interpretation of accounting practices.
The global financial crisis has also led to a new found appreciation of the social, economic and political importance of accounting concepts generally and corporate financial reporting in particular. For instance, the fundamentals of capital market theory (i.e. market efficiency) and measurement theory (i.e. fair value) have received widespread public and regulatory attention.

This comprehensive, authoritative volume provides a prestige reference work which offers students, academics, regulators and practitioners a valuable resource containing the current scholarship and practice in the established field of financial accounting theory.

财务会计理论具有众多的实际应用和政策含义，例如，国际会计准则制定者在制定新准则时越来越依赖于理论会计概念；公司监管机构正越来越多地利用各种会计概念框架来指导监管和解释会计实务。
全球金融危机也使人们重新认识到会计概念，特别是公司财务报告的社会、经济和政治重要性。例如，资本市场理论的基础（即市场效率）和计量理论（即公允价值）受到了公众和监管机构的广泛关注。
这一全面的，权威的卷提供了一个威望的参考工作，为学生，学术界，监管机构和从业人员提供了一个宝贵的资源，包括目前的学术和实践在既定领域的财务会计理论。