Project Description

Contemporary Issues in Accounting, 2nd Edition

Contemporary Issues in Accounting (Rankin et al.) is suited to a wide range of courses, particularly relevant to advanced financial accounting subjects at both an undergraduate and postgraduate level. It considers a broad range of financial accounting issues facing contemporary businesses from a range of perspectives, including appropriate theories and research findings.

The 2nd edition examines the regulatory setting within which accounting operates from the context of the process of standard setting and the Conceptual Framework. Within this framework one of the most controversial areas of accounting — measurement — is examined in detail. Alternative measurement choices are considered, with intangibles and sustainability reporting being examined in more detail as they are areas with unique measurement challenges. With the increasing use of fair value measurement, we present a comprehensive analysis of this measurement basis, including its application in specific contexts.

Delivered as an interactive Wiley E-Text: Powered by VitalSource for a more engaging and active learning experience, this update edition is designed to equip students with the knowledge, concepts and application skills required to successfully enter the profession of accountancy.


Designed for Learning

Wide Focus

Suited to a wide range of courses and particularly relevant to advanced financial accounting subjects at both an undergraduate and postgraduate level.

Contemporary Issues

Considers a broad range of financial accounting issues facing contemporary businesses from a range of perspectives.

Highlight and Annotate

The colour-coded highlights and note-taking application allow students to tag and add their own notes to important content.

Powerful Digital Capabilities

Available as a full colour printed textbook with an interactive eBook code, this title enables every student to master concepts and succeed in assessment. Lecturers are supported with an extensive, easy-to-use teaching and learning package.

Search, highlight and annotate
Search, highlight and annotate

Students can search, highlight and annotate within the text for efficient study.

12 Topics on Accounting Theory

  • Chapter 1. Contemporary issues in accounting and accounting theory
  • Chapter 2. The Conceptual Framework for Financial Reporting
  • Chapter 3. Standard setting
  • Chapter 4. Measurement
  • Chapter 5. Theories in accounting
  • Chapter 6. Products of the financial reporting process
  • Chapter 7. Corporate governance
  • Chapter 8. Capital market research and accounting
  • Chapter 9. Earnings management
  • Chapter 10. Fair value accounting
  • Chapter 11. Sustainability and environmental accounting
  • Chapter 12. International accounting

Team of Authors

Warren McKeownMichaela Rankin, PhD (RMIT), MEc (UNE), GradCertHE (Monash), BBus (Hons) (USQ), CPA, is Deputy Dean, International and Professor of Accounting at Monash Business School, Melbourne. Prior to joining Monash, Michaela held positions at both RMIT University and the University of Southern Queensland, where she was awarded the Institute of Chartered Accountants in Australia Award for Teaching Excellence in 1998. Michaela has extensive experience teaching financial accounting and accounting theory at both undergraduate and postgraduate levels. She has a broad range of research interests including financial reporting and governance, executive compensation, the regulation and practice of sustainability reporting, carbon emissions disclosure, and accounting education. She has published widely in international journals including Accounting, Auditing & Accountability Journal, British Accounting Review,Australian Journal of Management, Journal of Business Ethics, Accounting & Finance, Higher Education Research and Development and Australian Accounting Review.

Mike KerryPatricia Stanton has a PhD, awarded by University of Newcastle in 1995. She has an established record of publishing in referred journals since attaining her PhD, usually publishing at least one article per year. Her research interests include rights to financial information, impression management, heritage assets, and accounting cartoons. Patricia has an extensive record in teaching, specialising in both theory and accounting issues to which theory can be applied. She has served on the University’s and Faculty’s Teaching and Learning Committees.

marc-olynykSusan McGowan, BAcc (SAIT), MCom (UniSA), and GradCertEd(HigherEd) (QUT), is currently a senior lecturer in the School of Commerce at the University of South Australia. Her research interests focus on accounting education and international accounting.

Warren McKeownKimberly Ferlauto, BComAcctg (UWS), MComAcctg (UWS), CPA, is a lecturer in accounting at Western Sydney University. She has been teaching advanced accounting units including accounting theory for many years at both an undergraduate and postgraduate level. Her focus when teaching is on understanding why we do what we do as accountants and the application of accounting theory, concepts and principles to current practice and real world events. Other teaching interests include auditing, financial accounting and reporting and academic communication. Kimberly’s main research interest is the issue of communication apprehension in the context of the learning and teaching environment. In particular, Kimberly is working toward developing strategies to improve both the learning experience and academic performance of accounting students who suffer from communication apprehension. Other research interests include accounting measurement and social and environmental accounting.

Customise your Learning Path

We offer you the flexibility to design the optimal learning path for your course.

Based on your course goals, you can customise a Wiley resource within your Learning Management System and build a seamless learning design around it. From your LMS, create links to a Wiley textbook’s page, paragraph or even a sentence; keep only what’s relevant, hide sections your students don’t need to see, and create customised reading assignments to allow a truly unique learning experience. Students have fast and easy access to quality, relevant content at the point of learning – with everything they need in one place.

Pricing that Everyone Can Afford

Students can purchase their interactive E-Text from Wiley Direct: Contemporary Issues in Accounting, 2nd Edition (Rankin et al.).

Wiley Direct is an initiative of the Wiley Affordability Program. As part of our ongoing commitment to higher education, the Wiley Affordability Program is dedicated to providing students with premium Wiley learning resources at an affordable price.

We believe that every student has a right to access quality resources, no matter what their budget. Now, we are even better equipped than before to do what we do best; help teachers teach and students learn.



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