Book Review: Accounting Theory (4th Edition, Illustrated, Reprint)

by Ahmed Riahi-Belkaoui, Textbooks Series, Business Press, 2000, ISBN: 1861525206, 9781861525208.

Abstract

This review critically examines Ahmed Riahi-Belkaoui's Accounting Theory (4th edition, 2000), a comprehensive exploration of accounting principles and evolving paradigms. The book offers a structured analysis, progressing from foundational concepts to complex theoretical discussions. Key topics include normative and positive accounting theories, decision-usefulness, regulation, behavioral accounting, and the economic consequences of accounting choices. Belkaoui's integration of theoretical insights with practical applications, such as case studies, makes it a valuable resource for students, researchers, and professionals. The book's strengths lie in its rigorous examination of accounting thought, coherent structure, and empirical evidence. However, its limitations include outdated coverage of accounting developments and dense theoretical discussions, which may challenge novice readers. Despite these drawbacks, Accounting Theory remains a significant academic contribution, providing essential insights into the conceptual and philosophical foundations of accounting.