apropriate for courses in intermediate accounting, financial reporting, and financial
statement analysis.
The CPA exam is changing. You need to change as well...to a book that better prepares your
students for the CPA exam and for business. Only Revsine/Collins/Johnson meets the dual
objective of teaching your students how to prepare financial reports and then how to
analyze the reports.
Table of Contents
1. The Economic and Institutional Setting for Financial Reporting.
2. Accrual Accounting and Income Determination.
3. Additional Topics in Income Determination.
4. Structure of Balance Sheet and Statement of Cash Flows.
5. Essentials of Financial Statement Analysis.
6. Role of Financial Information in Valuation.
7. Contracting.
8. Receivables.
9. Inventories.
10. Long Lived Assets and Depreciation.
11. Liabilities.
12. Leases.
13. Income Tax Reporting.
14. Pensions and Postretirement Benefits.
15. Owners Equity.
16. Inter-corporate Equity Investments.
17. Cash Flow Statement.
18. Overview of International Financial Reporting Differences and Inflation.
Features
Unlike traditional encyclopedic texts, Revsine, Collins, and Johnson eliminate minutia and
focus on the core topics. The authors explain how to prepare a financial statement, and
combine this explanation of preparation with an analysis of what the numbers truly mean.
Only Revsine, Collins, and Johnson combine preparation and analysis to provide your
students with both the how and the why behind the numbers. Your students will be able to
approach financial statements with confidence and know-how.
Every manager has incentives to present his or her firm in the most favorable light to
lenders, equity investors and others. And, every manager wants to use the flexibility
allowed by GAAP to manage the firms earnings to achieve certain goals. Revsine, Collins,
and Johnson explain these incentives and help students spot cases of earnings management,
which disguises a firms true performance.
Hardcover
1087 pages
