Corporate Financial Reporting and Analysis: A Global Perspective

Höfundar: S. David Young; Jacob Cohen; Daniel A. Bens (Útgáfa: 4)
Corporate Financial Reporting and Analysis: A Global Perspective

Kaup valmöguleikar

Corporate Financial Reporting Analysis combines comprehensive coverage and a rigorous approach to modern financial reporting with a readable and accessible style. Merging traditional principles of corporate finance and accepted reporting practices with current models enable the reader to develop essential interpretation and analysis skills, while the emphasis on real-world practicality and methodology provides seamless coverage of both GAAP and IFRS requirements for enhanced global relevance.

Two decades of classroom testing among INSEAD MBA students has honed this text to provide the clearest, most comprehensive model for financial statement interpretation and analysis; a concise, logically organized pedagogical framework includes problems, discussion questions, and real-world case studies that illustrate applications and current practices, and in-depth examination of key topics clarifies complex concepts and builds professional intuition.

Nánar um bókina

Útgefandi
Wiley Global Education US
ISBN
9781119494638
Print ISBN
9781119494577
Format
ePub
Útgáfa
4
Höfundar
S. David Young; Jacob Cohen; Daniel A. Bens
Tungumál
English
Útgefið
2018-10-08
Prent takmörkun á líftíma
100
Prent takmörkun
10
Afritunar takmörkun
2

Kaflar

  • Cover
  • About the Authors
  • 1 An Introduction to Financial Statements
  • The Three Principal Financial Statements
  • Other Items in the Annual Report
  • Generally Accepted Accounting Principles: The Rules of the Game
  • The Barriers to Understanding Financial Statements
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 2 The Balance Sheet and Income Statement
  • A Further Look at the Balance Sheet
  • Assets
  • Liabilities
  • Shareholders' Equity
  • A Further Look at the Income Statement
  • Other Things You Should Know About the Balance Sheet and the Income Statement
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • Appendix 2.1 The Mechanics of Financial Accounting: The Double‐Entry System
  • KEY TERMS AND CONCEPTS FROM THE APPENDIX
  • KEY LESSONS FROM THE APPENDIX
  • PROBLEM
  • 3 A Brief Overview of GAAP and IFRS: The Framework for Financial Accounting
  • The Core Principles of GAAP and IFRS
  • The Key Qualitative Characteristics of Financial Information
  • The Key Assumptions of Financial Information
  • Modifying Conventions
  • The Future of Financial Reporting
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • 4 Revenue Recognition
  • Introduction
  • The Five‐Step Revenue Recognition Model
  • Revenue‐Recognition Controversies
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 5 The Statement of Cash Flows
  • Introduction
  • The Reporting of Cash Flows from Operations
  • Preparing the Statement of Cash Flows
  • IFRS and the Statement of Cash Flows
  • Analyzing the Statement of Cash Flows
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 6 Financial Statement Analysis
  • Introduction
  • Business and Industry Analysis
  • Accounting Analysis
  • Financial Analysis
  • DuPont Analysis
  • ROE and the Analysis of Financial Risk
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • Appendix 6.1 An Industry and Competitive Analysis of Taiwan Semiconductor Manufacturing Company (TSMC)
  • Appendix 6.2 Summary of Financial Statement Ratios
  • PROBLEMS
  • 7 Business Valuation and Financial Statement Analysis
  • Valuation Principles
  • Valuation: From Theory to Practice
  • The Economic Profit Approach to Valuation
  • A Case Study in Valuation: TSMC
  • A Brief Word on Growth Rates
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 8 Accounting for Receivables and Bad Debts
  • Introduction
  • Estimating Bad Debts
  • Writing‐off Accounts
  • The Direct Method: An Alternative Approach
  • What Happens When Written‐off Accounts Are Later Collected?
  • The “Aging” of Accounts Receivable
  • Sales Returns and Allowances
  • Analyzing Receivables
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • Appendix 8.1 Accounting for Loan Loss Reserves
  • PROBLEMS
  • 9 Accounting for Inventory
  • Introduction
  • Inventory Valuation: LIFO, FIFO, and the Rest
  • The Lower of Cost or Net Realizable Value Rule
  • The Cost‐flow Assumptions: An Example
  • Inventory Cost‐flow Assumptions: A Summary
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 10 Accounting for Property, Plant, and Equipment
  • Introduction
  • Initial Recognition of PP&E
  • Subsequent Expenditures: Repair or Improvement?
  • Accounting for Depreciation
  • Changes in Depreciation Estimates or Methods
  • Asset Impairment
  • Fair Value vs. Historical Cost
  • Divestitures and Asset Sales
  • Intangible Assets
  • Key Lessons from the Chapter
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 11 Leases and Off‐Balance‐Sheet Debt
  • Introduction
  • Leasing Accounting Before 2018: Capital vs. Operating Leases
  • Accounting for Capital Leases
  • Accounting for Operating Leases
  • Lease Accounting: An Example
  • Interpreting Lease Disclosures
  • Off‐Balance‐Sheet Debt
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEM
  • 12 Accounting for Bonds
  • Introduction
  • Accounting for Bond Issuance
  • Accounting for Bonds Sold at Par
  • Accounting for Bonds Sold at a Premium
  • Bond Redemption Before Maturity
  • Accounting for Bonds Issued at a Discount
  • Zero‐Coupon Bonds
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 13 Provisions and Contingencies
  • Introduction
  • Defining Provisions
  • Measuring the Provision
  • Disclosure of Provisions: Interpreting the Notes
  • Contingent Liabilities
  • Contingent Assets
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 14 Accounting for Pensions
  • Introduction
  • A Brief Word on Defined Contribution Plans
  • Unfunded Defined Benefit Plans
  • Funded Defined Benefit Plans
  • American Airlines: An Example of Defined Benefit Plan Disclosure
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • 15 Accounting for Income Tax
  • Introduction
  • Temporary and Permanent Differences
  • Deferred Taxes and the Balance Sheet Approach
  • The Balance Sheet Approach: An Example
  • Interpreting Income Tax Disclosures: The Case of Intel Corporation
  • Why Deferred Income Tax is Important
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 16 Accounting for Shareholders' Equity
  • Introduction
  • Shareholders' Equity: An Introduction
  • More on Contributed Capital
  • Accounting for Stock Transactions
  • Dividends on Common Stock
  • Stock Dividends and Stock Splits
  • Accumulated Other Comprehensive Income
  • Convertible Bonds
  • The Statement of Shareholders' Equity
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 17 Investments
  • Introduction
  • Investments at Microsoft
  • Debt and Passive Equity Investments
  • The Fair Value Hierarchy
  • Equity Method
  • A Further Look at Microsoft's Investments
  • Consolidation
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • 18 Accounting for Mergers and Acquisitions
  • Introduction
  • Purchase Price/Cost of Acquisition
  • Contingent Consideration
  • Recognition and Measurement of Identifiable Assets
  • Subsequent Adjustments to Acquired Assets and Liabilities
  • Goodwill Impairment
  • Noncontrolling Interest
  • KEY LESSONS FROM THE CHAPTER
  • KEY TERMS AND CONCEPTS FROM THE CHAPTER
  • QUESTIONS
  • PROBLEMS
  • Appendix Tables for Present Value and Future Value Factors
  • Index
  • End User License Agreement