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FINANCIAL ACCOUNTING THEORY AND ANALYSIS
Accounting education has experienced many dramatic changes over the life of
this accounting theory text. The publication of the eleventh edition represents
more than 35 years in its evolution. At its inception, much of what was then
considered theory was in reality rule memorization of rules. In recent years, the
globalization of the economy has affected the skills necessary to be a successful
accountant and has caused accounting educators to develop new methods of
communicating accounting education. Emphasis is now being given to the
incorporation of ethics into the curriculum, the analysis of a company’s quality of
earnings and sustainable income, the use of the World Wide Web as a source of
information, the international dimensions of accounting, the development of critical
thinking skills, the development of communication skills, and the use of group
projects to develop cooperative skills.
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