Financial Reporting and Analysis » (4th Edition)

Suitable for a second-level course in financial accounting, this textbook focuses on the details of the economics behind the transactions or the role of accounting in the decision-making process rather than on the details of GAAP. Specific chapters discuss the economic and institutional setting for financial reporting, accrual accounting and income determination, balance sheet structures, financial statement analysis, cash flow analysis and credit risk assessment, receivables, inventories, long-lived assets and depreciation, liabilities, leases, income tax reporting, pensions, intercorporate equity investments, and international finance reporting. The authors teach accounting at Northwestern University and the University of Iowa. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Chapter 1: The Economic and Institutional Setting for Financial Reporting

Chapter 2: Accural Accounting and Income Determination

Chapter 3: Additional Topics in Income Determination

Chapter 4: Structure of the Balance Sheet and Statement of Cash Flows

Chapter 5: Essentials of Financial Statement Analysis

Chapter 6: The Role of Financial Information in Valuation and Credit Risk Assessment

Chapter 7: The Role of Financial Information in Contracting

Chapter 8: Receivables

Chapter 9: Inventories

Chapter 10: Long-Lived Assets and Depreciation

Chapter 11: Financial Instruments as Liabilities

Chapter 12: Financial Reporting for Leases

Chapter 13: Income Tax Reporting

Chapter 14: Pensions and Postretirement Benefits

Chapter 15: Financial Reporting for Owners’ Equity

Chapter 16: Intercorporate Equity Investments

Chapter 17: Statement of Cash Flows

Chapter 18: Overview of International Financial Reporting Differences and Inflation

Appendix I: Present Value Tables

Appendix II: WWW/Electronic Resources for Financial Information

INDEX