A no-holds-barred look at the shortcomings in today's financial reporting standardsAndshy;Andshy;with a prescriptive program for change. Financial reports today have become hopelessly complex, and impossible for investors and other capital markets professionals to understand. This hurts everyone involved.. Quality Financial Reporting outlines the rules for QFR, a financial reporting revolutionin which essential figures are reported clearly, truthfully, and in a language that everyone can understand.. . Quality Financial Reporting is groundbreaking in its theory, comprehensive in its presentation, and destined to become required reading for accountants and investors alike. A long-overdue recipe for change, it provides readers with:. <ul>. <li>Strategies and techniques for adopting a QFR standard . </li>
<li>Relevant empirical research that supports QFR . </li>
<li>End-of-chapter evaluation checklists and questions . </li>
</ul>. "Accounting is the language of business. In recent years, too often language has been distorted to the point of becoming unintelligible. This book is a step toward restoring its usefulness.". Andshy;Andshy;Warren Buffet. . Paul B. W. Miller is a professor of accounting at the University of Colorado at Colorado Springs.. Paul R. Bahnson is an associate professor of accounting at Boise State University..

Quality Financial Reporting

Business & Money

Paul R. Bahnson

Paul B.W. Miller

Finance

McGraw=Hill

"Enlightening, engaging, provocative, insightful and invaluable!" Daniel Hood, Editor-in Chief, Accounting Today Paul Miller and Paul Bahnson, acclaimed writers of the long-running "Spirit of Accounting" op-ed column in Accounting Today, have accomplished a complete makeover of FASB: the People, the Process, and the Politics that forthrightly explains and assesses FASB's social mission as well as its structure, procedures, conceptual framework, successes, shortcomings, and future.   "The authors do an outstanding job of covering FASB's internal and external political environments, both as of today and in the past, while also addressing how they have impacted the Board's standards. This book will undoubtedly prove useful to practitioners, students, regulators and the standard setters themselves ..." Tom Robinson, President and Chief Executive Officer, AACSB International  These veteran educators with first-hand experience at FASB and the SEC have produced a highly readable book for students of all kinds. Full of information that is overlooked by standard accounting and finance textbooks, this volume is packed with information so essential to their education and future success.   "This book is a fantastic resource for both accounting students and faculty. The authors' insights into the standard setting process and their background on the Conceptual Framework make this a great addition to any undergraduate or graduate accounting course and should be required reading for all aspiring accountants." Dr. Julie Suh, Accounting Faculty, University of Southern California  The authors' insights should revolutionize how analysts, executives, regulators and journalist deal with financial statements. Their explanations of how politics shape financial reporting support their persuasive arguments for providing innovative information to the capital markets while also proving that international standards are both infeasible and undesirable.  "This book is an incredible resource for students, educators and those who participate in the global capital markets because it casts the vision that accounting standards and FASB have not reached their full potential in serving society." Jeff Thomson, CMA, CAE, Chief Executive Officer, Institute of Management Accountants  Serious participants in the capital markets, including accounting and finance educators, cannot be indifferent to this book and its provocative ideas.

The FASB: The People, the Process, and the Politics

Rodney J. Redding

Sigel Press

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Books by Paul R. Bahnson