James L. Dodd, Aliber Distinguished Professor of Accounting at Drake University, holds a B.S. in accounting from California State University-Fresno, M.B.A. from the University of South Alabama, and Ph.D. from The University of Georgia with a major in accounting and a minor in information systems. Before entering academe, Dr. Dodd worked in shipbuilding, aircraft engine, and diesel engine filtration industries for 15 years. His assignments at Litton, Teledyne, and Cummins included international experiences in industrial engineering, capital budgeting, profit planning, product pricing, cost accounting, long-range systems planning, and accounting controllerships at plant and corporate levels.

Dr. Dodd is a Fulbright Scholar Alumnus, participating in academic exchanges with Norway (1999-2000) and Iceland (2007). His current teaching and research interests are in areas involving Accounting Theory, Fraud Examination, and International Accounting. He is a member of the American Accounting Association, American Institute of CPAs, Association of Certified Fraud Examiners, and Fulbright Alumni Association.

John J. Rozycki, Associate Professor of Finance at Drake University, holds a B.S. in Biology from King’s College, an MBA from the University of Scranton, and a Ph.D. from The Penn State University, major in finance. Before pursuing his doctoral education, Dr. Rozycki worked in the health care planning and telecommunications industries. Dr. Rozycki teaches corporate finance and equity valuation. His professional interests are in equity and business valuation, corporate capital allocation decisions, financial planning, financing decisions, and financial statement analysis. He is a member of the CFA Institute, the CFA Society of Iowa, the Financial Management Association, and the Midwest Finance Association. He is a CFA charterholder.

Dr. Rozycki was born in Wilkes-Barre, Pennsylvania and is married with two sons. He is a member of the Board of Directors of Hospice of Central Iowa and is active in his church. He enjoys the outdoors.

Like its previous editions, the Seventh Edition of Accounting Theory presents complex materials in a clear and understandable manner. Incorporating the latest accounting standards and presenting the most up-to-date accounting theory from the top academic journals in accounting and finance throughout the world, this book comprehensibly presents both the theoretical structure of accounting theory as well as the politics of the standard-setting process, which often opposes the theoretical structure. Key Features: - A reorganized table of contents with a thoroughly revised chapter on International Accounting (Chapter 10) - Discussion of the conceptual framework of the IASB (Chapter 7) - An emphasis on principles-based standards as opposed to rules-based standards - More theoretical issues are related to real world examples coming from the popular news media. - New questions, cases, problems, and writing assignments--many from corporate annual reports. - An Instructor's Resource CD includes answers to end-of-chapter materials, chapter summaries, test banks, and PowerPoint slides.