All of the theory, practice and research you need this text explores the relevance of financial accounting theories to the study, practice and regulation of accounting, within a decision-making framework. Commentaries on current developments in regulatory forces and decisions in Australia and across the globe provide a critical context for discussion. The extensive coverage of social and environmental reporting issues, recent research on legitimacy and stakeholder theory, and the cultural influences in international accounting, all make this text the financial accounting theory resource of choice. Craig Deegan is Professor of Accounting and Faculty Director of Research at the University of Southern Queensland. Author of the leading text Australian Financial Accounting, also published by McGraw-Hill Australia, Craig has been recognised with several teaching and reasearch awards, including those sponsored by KPMG peat Marwick, the Accounting Association of Australia and New Zealand, and the institute of Chartered Accountants in Australia. He has published widely in Australin and international professional and academic journals, and regularly provides consulting services to corporations, government and industry bodies.