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Corporate Financial Reporting and Analysis: A Global Perspective (4th Edition)

Download Corporate Financial Reporting and Analysis: A Global Perspective (4th Edition) written by David Young, Jacob Cohen, Daniel A. Bens in PDF format. This book is under the category Business and bearing the isbn/isbn13 number 1119494575/9781119494577. You may reffer the table below for additional details of the book.

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Specifications

book-author

David Young, Jacob Cohen, Daniel A. Bens

publisher

Wiley; 4th edition

file-type

PDF

pages

371 pages

language

English

asin

B07KPW9LLG

isbn10

1119494575

isbn13

9781119494577


Book Description

Corporate Financial Reporting and Analysis: A Global Perspective 4th edition (PDF) combines comprehensive coverage and a rigorous approach to modern financial reporting with an accessible and readable style. Merging traditional principles of corporate finance and accepted reporting practices with current models enable the students to develop essential analysis and interpretation skills; while the emphasis on real-world methodology and practicality provides seamless coverage of both IFRS and GAAP requirements for enhanced global relevance.

  • Corporate Financial Reporting and Analysis 4th edition is one of the most recommended CF textbooks for MBA programs throughout Asia.

20 years of classroom testing among INSEAD MBA students has honed this textbook to provide the clearest; most comprehensive model for financial statement analysis and interpretation; a logically organized and concise pedagogical framework includes discussion questions; problems; and real-world case studies that illustrate current practices and applications; and in-depth examination of key topics clarifies complex concepts and builds professional intuition. With insightful coverage of inventory accounting; revenue recognition; long-term assets; receivables; income taxes; M&A;and other principle topics; this PDF ebook provides both education and ongoing reference for MBA students.

book-author

David Young, Jacob Cohen, Daniel A. Bens

publisher

Wiley; 4th edition

file-type

PDF

pages

371 pages

language

English

asin

B07KPW9LLG

isbn10

1119494575

isbn13

9781119494577

Table of contents


Table of contents :
Cover
Title Page
Copyright
About the Authors
Contents
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:
1.1 Balance Sheet Terminology
1.2 Understanding Balance Sheet Relationships
1.3 Interpreting an Auditor’s Opinion
Case Study:
1-1 Apple: An Introduction to Financial Statement Analysis
1-2 PepsiCo: Communicating Financial Performance
Notes
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
2.1 Preparing a Balance Sheet and an Income Statement
Case Study
2-1 JanMar Fabrics: Preparing the Balance Sheet and Income Statement
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:
4.1 Revenue Recognition at and After Time of Sale
4.2 Recognizing Revenue Over Time
4.3 Journal Entries for Gift Cards
4.4 Recognizing Revenue Over Time
4.5 Revenue Recognition in Different Types of Businesses
Case Study:
4-1 Kiwi Builders, Ltd.
4-2 Revenue Recognition at Starbucks Corporation
4-3 Network Associates (McAfee): A Case of “Channel Stuffing”
Notes
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:
5.1 Interpreting the Statement of Cash Flows
5.2 Adjustments on the Statement of Cash Flows
5.3 Preparing and Analyzing a Statement of Cash Flows
5.4 Interpreting the Role of Accounts Payable in Cash Flow from Operations
5.5 Manipulating the Statement of Cash Flows
5.6 Analysis of the Statement of Cash Flows
5.7 Cash Flow and Credit Risk
5.8 Preparing and Interpreting the Statement of Cash Flows
Case Studies:
5-1 Blockbuster, Inc.: Movie Rentals, Profits, and Operating Cash
5-2 Monahan Manufacturing: Preparing and Interpreting a Statement of Cash Flows
5-3 A Tale of Three Companies: Cash Flows at Sun Microsystems, Wal-Mart, and Merck
5-4 Inditex: Analyzing the Statement of Cash Flows
Notes
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:
6.1 Financial Statement Detective Exercise
6.2 Effects of Transactions on Selected Balance Sheet Figures
6.3 Calculating and Interpreting PP&E Turnover Ratios
6.4 Financial Statement Detective Exercise in the Pharmaceutical Industry
6.5 Comprehensive Financial Ratio Analysis
6.6 Profitability Analysis for The Home Depot
6.7 Comparative Analysis of Receivables and Inventories
Case Studies:
6-1 Profitability Analysis and WalMart’s Suppliers
6-2 LVMH and Warnaco: Strategy and Financial Statement Analysis
Notes
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:
7.1 Estimating the Value of The Home Depot
7.2 Explaining Differences in P/E Ratios
7.3 Explaining Differences in P/E Ratios
Case Study:
7-1 Valuation Based on Discounted Cavsh Flows: The Case of Vardon Golf Ltd
Notes
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:
8.1 Bad Debts on Loans Receivable
8.2 Determining Bad Debt Expense from an Aging Schedule
8.3 Analyzing Receivables and the Allowance for Doubtful Accounts
8.4 Provisions for Credit Losses
Case Studies:
8-1 Receivables and Bad Debts at Toyota
8-2 Johnson Perry
8-3 Citigroup Inc.: Accounting for Loan Loss Reserves
Notes
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:
9.1 Calculating Inventory Under the FIFO and Average-cost Methods
9.2 Inventories and Ratio Analysis
9.3 Correcting Inventory Errors
9.4 The Lower of Cost or Net Realizable Value Rule
9.5 Calculating Cost of Goods Sold Under FIFO and Specific Identification
Case Studies:
9-1 LIFO Accounting at Tamar Chemicals
9-2 Deere and CNH Global: Performance Effects of Inventory Accounting Choice
Notes
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
10.1 Comparing the Effects of Depreciation Choice on Financial Ratios
10.2 Analyzing Depreciation on PP&E
10.3 Calculating and Analyzing Amortization Expense
10.4 Calculating Depreciation Expense
10.5 Effects of Changes in Estimates on Depreciation Expense
10.6 Interpreting Disclosures for Property, Plant, and Equipment
10.7 Capitalizing or Expensing Costs
10.8 Journal Entries for Depreciation and Amortization Expense
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
Recent Developments in Lease Accounting
Key Lessons from the Chapter
Key Terms and Concepts from the Chapter
Questions
Problem:
11.1 The Financial Reporting Effects of Selling Receivables
Case Studies:
11-1 Lease Accounting at Metro AG
11-2 Pennzoil-Quaker State and the Sale of Receivables
11-3 Executory Contracts
Note
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:
12.1 Journal Entries and Balance Sheet Presentation for Bonds
12.2 Amortization of Bond Discount and Premium
12.3 Journal Entries for Bond Issuance and Subsequent Interest Payments
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:
13.1 Accounting for Warranties
13.2 Analyzing and Interpreting Disclosures on the Provision for Warranties
Case Studies:
13-1 Accounting for Contingent Assets: The Case of Cardinal Health
13-2 Firestone Tire and Rubber Company (A)
13-3 Firestone Tire and Rubber Company (B)
Notes
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
Case Study:
14-1 Comprehensive Pension Review Problem: Cathay Pacific
Note
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:
15.1 Calculating Temporary and Permanent Differences
15.2 Interpreting Income Tax Disclosures
15.3 Deferred Income Taxes and the Statement of Cash Flows
Case Study:
15-1 Deferred Tax Assets and the Valuation Allowance: The Case of Ford Motor Company
Notes
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:
16.1 Effect of Selected Transactions on Net Income and Shareholders’ Equity
16.2 Share Buybacks
16.3 The Financial Statement Effects of Dividend Payments and Buybacks
16.4 The Accounting and Economic Consequences of Stock Splits and Stock Dividends
Case Studies:
16-1 Stock Options, Stock Dividends, and Stock Splits
16-2 Share Buybacks: Economic Rationale and Financial Reporting Effects
16-3 The Accounting for Convertible Bonds
16-4 Why Do Companies Buy Back Their Own Shares? The Case of the Scomi Group
Notes
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:
17.1 Classification of Long-Term Investments
17.2 The Effect of Transaction Cost on Marketable Securities and Investments
17.3 Journal Entries and Analysis Under the Equity Method
17.4 Review Problem
17.5 Mark-to-Market Accounting for Trading Securities
17.6 The Equity Method and the Statement of Cash Flows
Case Studies:
17-1 Stora Enso: Accounting for Investments
17-2 Coca-Cola and Coca-Cola Enterprises: The Equity Method in Practice
Notes
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:
18.1 Journal Entry for an Acquisition
18.2 Analysis of an Acquisition
18.3 Accounting for an Acquisition: Carrefour and BLC (China)
18.4 Business Combinations at Tesco
18.5 AB InBev acquires SABMiller
Appendix: Tables for Present Value and Future Value Factors
Index
EULA

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