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Author: International Accounting Standards Board
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 174
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Book Description
Author: International Accounting Standards Board
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 174
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 167
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Book Description
Author: Thomas R. Robinson
Publisher: Prentice Hall
ISBN:
Category : Financial statements
Languages : en
Pages : 792
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Book Description
Robinson, Munter, and Grant's "Financial Statement Analysis: A Global Perspective" is designed especially for users of financial statements. Takes a financial statement analysis perspective. The focus is on the user of financial statements and not the preparer of financial statements. The emphasis is on the analysis and use of financial reports. Knowledge of debits and credits is not required. Emphasizes a global perspective by presenting both International Accounting Standards and U.S. GAAP Uses a step-by-step presentation to take students through the financial statement analysis process from understanding the financial statements to valuation. Motorola and Nokia are used as running case examples throughout the text. Additional real-world examples are integrated. into each chapter as appropriate. Assignment Materials Many of the end-of-chapter problems have been reproduced from AIMR CFA(R) examination released questions and sample examinations. Each chapter has a case derived from real company financial statements that can be used for class discussion or student projects.
Author: International Accounting Standards Board
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages : 48
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Book Description
Author: Steve Collings
Publisher: Bloomsbury Publishing
ISBN: 1784515361
Category : Business & Economics
Languages : en
Pages : 789
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Book Description
Accounting standards in the UK and Republic of Ireland are going through a radical change. This book outlines the changes concerned, how they affect companies, what differences exist between the new and the old rules and what practitioners and directors should be aware of in producing financial statements for statutory purposes. To aid this theory, numerous worked examples and illustrative model accounts are included to help preparers understand how these changes should be implemented.Practitioners and preparers of accounts need to be fully versed in the changes to accounting practice and the stumbling blocks to avoid under the new rules. Each chapter contains a 'Pitfalls to avoid' section as well as a 'Chapter summary' to help preparers to understand the key differences. Invariably, if the accounts themselves are incorrect due to a misunderstanding of the new treatments, the resulting tax will be incorrect.UK Financial Statements: Presentation and Disclosure Requirements provides a comprehensive overview of the new reporting regimes in the UK and Republic of Ireland. Written by an expert in UK company financial reporting issues, it includes illustrative financial statements, model disclosures and the structure of the primary statements under new UK GAAP andEU-adopted IFRS. The appendices also contain useful disclosure checklists.The book is ideal for: Practitioners dealing with all types of companies Tax advisers Company directors Students studying for professional examinationsCoverage includes:Introduction;Overview of the revised Companies Act 2006;Summary of new UK GAAP and emerging issues and how to deal with them;Overview of small and micro-entity reporting requirements;Sample micro-entity financial statements;Sample small company financial statements;Sample medium-sized company financial statements;Sample large (unlisted) company financial statements;Sample EU-adopted IFRS financial statements;Abridged and adapted financial statements;Consolidated financial statements - overview of the requirements;Sample consolidated financial statements prepared to UK GAAP;Sample consolidated financial statements prepared to EU-adopted IFRS;Auditing financial statement disclosures.Appendices include: Disclosure checklists for micro-entities, small companies, medium-sized companies, large companies and EU-endorsed IFRS.
Author: Frank D. Hodge
Publisher:
ISBN:
Category :
Languages : en
Pages : 42
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Book Description
The Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB), in their joint Financial Statement Presentation project, are reconsidering the basic format of financial statements. The Boards' preliminary discussions related to this joint project indicate that they intend to modify the required financial statements to increase the proximity of performance-related information for each reported period, but also to reduce the number of reported periods. We provide evidence related to each of these potential changes by investigating the effects of financial-statement information proximity and the number of periods of reported performance on investors' ability to learn the forecast-relevant time-series properties of reported cash flows and accruals. Our experimental results suggest that nonprofessional investors are able to more quickly learn the relation between current period cash flows and accruals and future cash flow realizations when financial-statement information is presented in a single statement rather than separated into two statements. In addition, we find that nonprofessional investors exhibit lower levels of absolute forecast errors and less forecast dispersion when financial-statement information is unified into a single statement. Interestingly, we find that decreasing the number of periods of reported information from three to one does not negatively impact nonprofessional investor learning and prediction performance, both in terms of forecast errors and forecast dispersion. Overall, our results provide useful information related to the design of effective financial statement presentation format.
Author:
Publisher:
ISBN: 9781911040927
Category :
Languages : en
Pages : 147
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Book Description
Author: Financial Accounting Standards Board
Publisher:
ISBN:
Category : Auditing
Languages : en
Pages : 84
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Book Description
Author: Elizabeth A. Keasey
Publisher:
ISBN:
Category :
Languages : en
Pages : 76
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Book Description
As part of the convergence toward a single set of financial statements, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) are working on a project to develop a new standard for financial statement presentation. The proposed standard is intended to make financial statement presentation uniform for all companies. It is intended to enhance the comparability, understandability, and usefulness of financial statements to investors, creditors, and other external users. Significant changes in presentation include the classification of line items on the statement of financial position as part of the business activities or financing activities of the firm. These classifications are to be carried through to the statement of comprehensive income and the statement of cash flows enhancing the cohesiveness of the financial statements. Companies will be required to present a single statement of comprehensive income and will disaggregate revenue and expense items by function and nature. Instead of having a choice between the indirect and direct methods for preparing cash flow statements, the new proposal will require entities to use the direct method for presenting operating cash flows. Through analysis of the project materials made available by the FASB, consideration of research related to specific aspects of the proposal, and interviews with members of the business community affected by the proposal, this thesis draws a conclusion on the effectiveness of the proposed changes to financial statement presentation. The proposed changes will create advantages as well as disadvantages for users and preparers of financial statements. With increased transparency and disaggregation come lack of understandability and considerable expenditure of time and money. Though it is widely agreed that the proposed financial statement presentation model has the potential to provide external users of financial statements with more useful information, it is unclear why such a drastic change is needed, if a change is needed at all. The same decisions will most likely result from the use of the newly formatted financial statements; financial statements already provide enough information for users to make informed decisions. Adding more rules and changing the current format will make it hard for companies to communicate with the average investor. The benefits of implementing the new model will not outweigh the costs.
Author: Francesco Bellandi
Publisher: John Wiley & Sons
ISBN: 1118314301
Category : Business & Economics
Languages : en
Pages : 459
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Book Description
Under IFRS, U.S. GAAP, and the SEC rules and regulations, business enterprises must recognise measure and disclose information regarding equity items on the face of the statement of financial position, other specific statements, or in the notes to the financial statements. However, under both IFRS and U.S. GAAP there is no all-inclusive general standard on stockholders’ equity. This book clarifies the process of reporting stockholders’ equity in a manner which can be reconciled under all the relevant standards. “Not only has the author addressed the informational needs of the players in the accounting industry, he has also drawn, based on his vast experience, practical implications of reporting under both standards.” —Noraini Mohd Nasir, Journal of Financial Reporting and Accounting
