Corporate Financial
Accounting and Reporting is a comprehensive accounting textbook directed at those using
financial reports. Its aim is to help current and future managers gain a thorough
understanding of companies' published reports and is unique in the fact that it covers all
three years of a traditional financial accounting course.
The text is divided into 3
parts: the first covers the foundations of accounting, the second part considers the
components of financial statements in more depth and the third part explores how investors
analyse financial statements. Recognising the increasingly international nature of
accounting, this book provides full coverage of international accounting standards with
the European Union's Company Law Directives providing its legal framework
Corporate Financial
Accounting and Reporting is designed for international MBA programmes and specialist
postgraduate programmes in international business/finance in Europe. It can also be used
in international business programmes at the undergraduate level.
Comprehensive coverage:
includes some topics which do not usually appear in introductory texts and explains others
in more detail than is customary.
Clarity: the book is
suitable for a range of students from around the world and has been extensively class
tested in Europe.
International approach:
covers the most common accounting practices in the financial statements of both European
and non-European companies as well as relevant EU and IAS requirements.
Table of Contents
- 1. Financial
Accounting: An Overview
PART I: FOUNDATIONS
2. The Balance Sheet: a Financial Picture of the Firm
3. The Income Statement
4. Accounting Records: Structure and Terminology
5. Accrual Adjustments & Financial Statement Preparation
6. The Annual Report and Accounts
PART II: THE HOUSE OF ACCOUNTING
7. Key Conceptual Issues in Financial Accounting
8. Fixed Assets, Tangible and Intangible
Section 1. Core Issues
Section 2. Specialised Topics
Section 3. Fixed Assets and Financial Statement
Analysis
9. Inventories
10. Recognition of Revenue and Valuation of Receivables
Section 1. Core Issues
Section 2. Specialised Topics
Section 3. Revenues, Receivables, &
Financial Statement Analysis
11. Liabilities, On and Off Balance Sheet
Section 1. General Issues
Section 2. Long-Term Debt
Section 3. Leasing
Section 4. Liabilities and Financial Statement
Analysis
12. Shareholders' Equity
Section 1. Core Issues
Section 2. Specialised Topics
Section 3. Shareholders' Equity & Financial
Statement Analysis
13. Financial Investments
14. Equity Accounting and Consolidations
Section 1. Core Issues
Section 2. Specialised Topics
Section 3. Consolidated Accounts &
Financial Statement Analysis
15. Transactions and Operations in Foreign Currencies
16. Employment Costs
Section 1. General Issues
Section 2. Specialised Topics
Section 3. Employment Costs and Financial
Analysis
17. Accounting for Corporate Income Taxes
Section 1. Core Issues
Section 2. Deferred Tax Accounting: Extensions
Section 3. Corporate Income Taxes and Financial
Analysis
PART III: PERSPECTIVES
18. The Cash Flow Statement Revisited
Section 1. Cash Flow Analysis: Benefits
to Investors
Section 2. Specialised
Topics
19. Financial Statement Analysis: Basic Framework
20. Financial Statement Analysis: Extensions
Section 1. Problem Areas in Financial
Statement Analysis
Section 2. Accounting Manipulation and
its detection
722 pages