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Financial Accounting and Reporting 17th New edition [Pehme köide]

(Uuem väljaanne: 9781292162409)
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  • Formaat: Paperback / softback, 888 pages, kõrgus x laius x paksus: 247x193x28 mm, kaal: 1344 g
  • Ilmumisaeg: 16-Apr-2015
  • Kirjastus: Pearson Education Limited
  • ISBN-10: 1292080507
  • ISBN-13: 9781292080505 (Uuem väljaanne: 9781292162409)
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Financial Accounting and Reporting 17th New editionSuurem pilt
  • Formaat: Paperback / softback, 888 pages, kõrgus x laius x paksus: 247x193x28 mm, kaal: 1344 g
  • Ilmumisaeg: 16-Apr-2015
  • Kirjastus: Pearson Education Limited
  • ISBN-10: 1292080507
  • ISBN-13: 9781292080505 (Uuem väljaanne: 9781292162409)
Teised raamatud teemal:
Püsilink: https://www.kriso.ee/db/9781292080505.html
Were you looking for the book with access to MyAccountingLab? This product is the book alone and does NOT come with access to MyAccountingLab. Buy Financial Accounting and Reporting with MyAccountingLab access card (ISBN 9781292080604) if you need access to MyAccountingLab as well, and save money on this resource. You will also need a course ID from your instructor to access MyAccountingLab. This market-leading text provides a comprehensive overview of financial accounting and reporting. It offers a balance of theoretical and conceptual coverage with up-to-date practical application of current international standards. There is an emphasis on both being able to prepare and also to critically discuss IFRS compliant financial statements. With both theoretical and practical coverage, including worked examples throughout the text, the authors provide essential knowledge for advancing in your studies and career. Key features: Fully updated coverage of IFRS and IAS with coverage of revenue recognition, financial instruments, employment benefits, leases and construction contracts Initial chapters explain cash and accrual accounting for anyone new to accounting or can act as a refresher Exercises of varying difficulty including questions from past examination papers of professional accounting bodies Detailed solutions to selected questions are available on the text's website Illustrations taken from real world international company reports and accounts Extensive references included at the end of chapters Covers the interpretation of accounts for management purposes with an emphasis on preparing a report and for investment purposes with an overview of a variety of the ratios used MyAccountingLab Join over 10 million students benefiting from Pearson MyLabs. This title can be supported by MyAccountingLab, an online homework and tutorial system designed to test and build your understanding. You need both an access card and a course ID to access MyAccountingLab: Is your lecturer using MyAccountingLab? Ask your lecturer for your CourseID. Has an access card been included with the book? Check the inside back cover of the book. If you have a course ID but no access card, go to www.myaccountinglab.com to buy access to this interactive study programme. MyAccountingLab provides a personalised approach, with instant feedback and numerous additional resources to support your learning. Key features: A study plan designed just for you Worked solutions showing how to solve difficult problems Limitless opportunities to practise An eText for quick reference Barry Elliott is a training consultant. He has extensive teaching experience at undergraduate, postgraduate and professional levels in China, Hong Kong, New Zealand and Singapore. He has wide experience as an external examiner in higher education and at all levels of professional education. Jamie Elliott is a director with Deloitte. Prior to this, he lectured on undergraduate degree programmes and as Assistant Professor on MBA and Executive programmes at the London Business School.
Preface xxi
Publisher's acknowledgements xxvii
Part 1 PREPARATION OF FINANCIAL STATEMENTS
1(126)
1 Accounting and reporting on a cash flow basis
3(18)
1.1 Introduction
3(1)
1.2 Shareholders
3(1)
1.3 What skills does an accountant require in respect of external reports?
4(1)
1.4 Managers
4(1)
1.5 What skills does an accountant require in respect of internal reports?
5(1)
1.6 Procedural steps when reporting to internal users
5(3)
1.7 Agency costs
8(1)
1.8 Illustration of periodic financial statements prepared under the cash flow concept to disclose realised operating cash flows
8(4)
1.9 Illustration of preparation of statement of financial position
12(2)
1.10 Treatment of non-current assets in the cash flow model
14(1)
1.11 What are the characteristics of these data that make them reliable?
15(1)
1.12 Reports to external users
16(5)
Summary
17(1)
Review questions
18(1)
Exercises
18(2)
References
20(1)
2 Accounting and reporting on an accrual accounting basis
21(11)
2.1 Introduction
21(1)
2.2 Historical cost convention
22(1)
2.3 Accrual basis of accounting
22(1)
2.4 Mechanics of accrual accounting -- adjusting cash receipts and payments
23(1)
2.5 Reformatting the statement of financial position
24(1)
2.6 Accounting for the sacrifice of non-current assets
24(3)
2.7 Published statement of cash flows
27(5)
Summary
28(1)
Review questions
29(1)
Exercises
29(2)
References
31(1)
3 Preparation of financial statements of comprehensive income, changes in equity and financial position
32(35)
3.1 Introduction
32(1)
3.2 Preparing an internal statement of income from a trial balance
32(3)
3.3 Reorganising the income and expenses into one of the formats required for publication
35(1)
3.4 Format 1: classification of operating expenses and other income by function
36(3)
3.5 Format 2: classification of operating expenses according to their nature
39(1)
3.6 Other comprehensive income
39(1)
3.7 How non-recurring or exceptional items can affect operating income
40(2)
3.8 How decision-useful is the statement of comprehensive income?
42(1)
3.9 Statement of changes in equity
42(1)
3.10 The statement of financial position
43(1)
3.11 The explanatory notes that are part of the financial statements
44(3)
3.12 Has prescribing the formats meant that identical transactions are reported identically?
47(3)
3.13 Fair presentation
50(1)
3.14 What does an investor need in addition to the primary financial statements to make decisions?
51(16)
Summary
55(1)
Review questions
56(1)
Exercises
57(9)
References
66(1)
4 Annual Report: additional financial disclosures
67(32)
4.1 Introduction
67(1)
4.2 IAS 10 Events after the Reporting Period
67(2)
4.3 IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
69(2)
4.4 What do segment reports provide?
71(1)
4.5 IFRS 8 Operating Segments
72(4)
4.6 Benefits and continuing concerns following the issue of IFRS 8
76(3)
4.7 Discontinued operations -- IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
79(1)
4.8 Held for sale -- IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
80(2)
4.9 IAS 24 Related Party Disclosures
82(17)
Summary
87(1)
Review questions
87(1)
Exercises
88(10)
References
98(1)
5 Statements of cash flows
99(28)
5.1 Introduction
99(1)
5.2 Development of statements of cash flows
99(1)
5.3 Applying IAS 7 (revised) Statements of Cash Flows
100(3)
5.4 Step approach to preparation of a statement of cash flows -- indirect method
103(3)
5.5 Additional notes required by IAS 7
106(1)
5.6 Analysing statements of cash flows
107(5)
5.7 Approach to answering questions with time constraints
112(3)
5.8 Preparing a statement of cash flows when no statement of income is available
115(2)
5.9 Critique of cash flow accounting
117(10)
Summary
117(1)
Review questions
117(1)
Exercises
118(7)
References
125(2)
Part 2 INCOME AND ASSET VALUE MEASUREMENT SYSTEMS
127(82)
6 Income and asset value measurement: an economist's approach
129(19)
6.1 Introduction
129(1)
6.2 Role and objective of income measurement
129(3)
6.3 Accountant's view of income, capital and value
132(3)
6.4 Critical comment on the accountant's measure
135(1)
6.5 Economist's view of income, capital and value
136(6)
6.6 Critical comment on the economist's measure
142(1)
6.7 Income, capital and changing price levels
142(6)
Summary
144(1)
Review questions
144(1)
Exercises
145(2)
References
147(1)
Bibliography
147(1)
7 Accounting for price-level changes
148(36)
7.1 Introduction
148(1)
7.2 Review of the problems of historical cost accounting (HCA)
148(1)
7.3 Inflation accounting
149(1)
7.4 The concepts in principle
149(1)
7.5 The four models illustrated for a company with cash purchases and sales
150(4)
7.6 Critique of each model
154(3)
7.7 Operating capital maintenance -- a comprehensive example
157(11)
7.8 Critique of CCA statements
168(1)
7.9 The ASB approach
169(2)
7.10 The IASC/IASB approach
171(1)
7.11 Future developments
172(12)
Summary
175(1)
Review questions
175(1)
Exercises
176(7)
References
183(1)
Bibliography
183(1)
8 Revenue recognition
184(25)
8.1 Introduction
184(1)
8.2 IAS 18 Revenue
185(1)
8.3 The issues involved in developing a new standard
186(1)
8.4 The challenges under both IAS 18 and IFRS 15
187(1)
8.5 IFRS 15 Revenue from Contracts with Customers
188(1)
8.6 Five-step process to identify the amount and timing of revenue
189(11)
8.7 Disclosures
200(9)
Summary
201(1)
Review questions
201(2)
Exercises
203(4)
References
207(2)
Part 3 REGULATORY FRAMEWORK -- AN ATTEMPT TO ACHIEVE UNIFORMITY
209(64)
9 Financial reporting -- evolution of global standards
211(23)
9.1 Introduction
211(1)
9.2 Why do we need financial reporting standards?
211(1)
9.3 Why do we need standards to be mandatory?
212(2)
9.4 Arguments in support of standards
214(1)
9.5 Arguments against standards
214(1)
9.6 Standard setting and enforcement by the Financial Reporting Council (FRC) in the UK
215(2)
9.7 The International Accounting Standards Board
217(2)
9.8 Standard setting and enforcement in the European Union
219(2)
9.9 Standard setting and enforcement in the US
221(2)
9.10 Advantages and disadvantages of global standards for publicly accountable entities
223(1)
9.11 How do reporting requirements differ for non-publicly accountable entities?
224(1)
9.12 IFRS for SMEs
225(1)
9.13 Why have there been differences in financial reporting?
226(4)
9.14 Move towards a conceptual framework
230(4)
Summary
230(1)
Review questions
231(1)
Exercises
231(1)
References
232(2)
10 Concepts -- evolution of an international conceptual framework
234(14)
10.1 Introduction
234(1)
10.2 Different countries meant different financial statements
234(1)
10.3 Historical overview of the evolution of financial accounting theory
235(2)
10.4 IASC Framework for the Presentation and Preparation of Financial Statements
237(1)
10.5 Conceptual Framework for Financial Reporting 2010
238(4)
10.6
Chapter 4 content
242(1)
10.7 A Review of the Conceptual Framework for Financial Reporting
243(5)
Summary
245(1)
Review questions
245(1)
Exercises
246(1)
References
247(1)
11 Ethical behaviour and implications for accountants
248(25)
11.1 Introduction
248(1)
11.2 The meaning of ethical behaviour
248(1)
11.3 The accounting standard-setting process and ethics
249(1)
11.4 The IFAC Code of Ethics for Professional Accountants
250(3)
11.5 Implications of ethical values for the principles versus rules-based approaches to accounting standards
253(3)
11.6 Ethics in the accountant's work environment -- a research report
256(2)
11.7 Implications of unethical behaviour for stakeholders using the financial reports
258(5)
11.8 The increasing role of whistle-blowing
263(2)
11.9 Legal requirement to report -- national and international regulation
265(1)
11.10 Why should students learn ethics?
266(7)
Summary
267(1)
Review questions
268(2)
Exercises
270(2)
References
272(1)
Part 4 STATEMENT OF FINANCIAL POSITION -- EQUITY, LIABILITY AND ASSET MEASUREMENT AND DISCLOSURE
273(274)
12 Share capital, distributable profits and reduction of capital
275(23)
12.1 Introduction
275(1)
12.2 Common themes
275(1)
12.3 Total owners' equity: an overview
276(1)
12.4 Total shareholders' funds: more detailed explanation
277(2)
12.5 Accounting entries on issue of shares
279(1)
12.6 Creditor protection: capital maintenance concept
280(1)
12.7 Creditor protection: why capital maintenance rules are necessary
280(1)
12.8 Creditor protection: how to quantify the amounts available to meet creditors' claims
281(1)
12.9 Issued share capital: minimum share capital
282(1)
12.10 Distributable profits: general considerations
282(2)
12.11 Distributable profits: how to arrive at the amount using relevant accounts
284(1)
12.12 When may capital be reduced?
284(1)
12.13 Writing off part of capital which has already been lost and is not represented by assets
284(5)
12.14 Repayment of part of paid-in capital to shareholders or cancellation of unpaid share capital
289(1)
12.15 Purchase of own shares
290(8)
Summary
292(1)
Review questions
292(1)
Exercises
292(5)
References
297(1)
13 Liabilities
298(23)
13.1 Introduction
298(1)
13.2 Provisions -- a decision tree approach to their impact on the statement of financial position
299(1)
13.3 Treatment of provisions
300(1)
13.4 The general principles that IAS 37 applies to the recognition of a provision
300(1)
13.5 Management approach to measuring the amount of a provision
301(2)
13.6 Application of criteria illustrated
303(1)
13.7 Provisions for specific purposes
303(3)
13.8 Contingent liabilities
306(1)
13.9 Contingent assets
306(1)
13.10 ED IAS 37 Non-financial Liabilities
307(7)
13.11 ED/2010/1 Measurement of Liabilities in IAS 37
314(7)
Summary
314(1)
Review questions
315(1)
Exercises
315(5)
References
320(1)
14 Financial instruments
321(39)
14.1 Introduction
321(1)
14.2 Financial instruments -- the IASB's problem child
321(3)
14.3 IAS 32 Financial Instruments: Disclosure and Presentation
324(5)
14.4 IAS 39 Financial Instruments: Recognition and Measurement
329(13)
14.5 IFRS 7 Financial Instruments: Disclosure
342(4)
14.6 Financial instruments developments
346(14)
Summary
350(1)
Review questions
351(1)
Exercises
352(7)
References
359(1)
15 Employee benefits
360(28)
15.1 Introduction
360(1)
15.2 Greater employee interest in pensions
360(1)
15.3 Financial reporting implications
361(1)
15.4 Types of scheme
361(3)
15.5 Defined contribution pension schemes
364(1)
15.6 Defined benefit pension schemes
364(1)
15.7 IAS 19 (revised 2011) Employee Benefits
365(1)
15.8 The asset or liability for pension and other post-retirement costs
365(1)
15.9 Changes in the pension asset or liability position
366(3)
15.10 Comprehensive illustration
369(1)
15.11 Multi-employer plans
370(1)
15.12 Disclosures
371(1)
15.13 Other long-service benefits
371(1)
15.14 Short-term benefits
371(1)
15.15 Termination benefits
372(1)
15.16 IFRS 2 Share-based Payment
373(1)
15.17 Scope of IFRS 2
374(1)
15.18 Recognition and measurement
374(1)
15.19 Equity-settled share-based payments
374(3)
15.20 Cash-settled share-based payments
377(1)
15.21 Transactions which may be settled in cash or shares
378(1)
15.22 IAS 26 Accounting and Reporting by Retirement Benefit Plans
379(9)
Summary
381(1)
Review questions
382(1)
Exercises
382(5)
References
387(1)
16 Taxation in company accounts
388(24)
16.1 Introduction
388(1)
16.2 Corporation tax
388(1)
16.3 Corporation tax systems -- the theoretical background
389(1)
16.4 Corporation tax and dividends
390(1)
16.5 Corporation tax systems -- avoidance and evasion
391(4)
16.6 IAS 12 -- accounting for current taxation
395(1)
16.7 Deferred tax
396(8)
16.8 A critique of deferred taxation
404(2)
16.9 Value added tax (VAT)
406(6)
Summary
407(1)
Review questions
407(1)
Exercises
408(3)
References
411(1)
17 Property, plant and equipment (PPE)
412(37)
17.1 Introduction
412(1)
17.2 PPE -- concepts and the relevant IASs and IFRSs
412(1)
17.3 What is PPE?
413(1)
17.4 How is the cost of PPE determined?
414(2)
17.5 What is depreciation?
416(2)
17.6 What are the constituents in the depreciation formula?
418(1)
17.7 Calculation of depreciation
419(4)
17.8 Measurement subsequent to initial recognition
423(2)
17.9 IAS 36 Impairment of Assets
425(6)
17.10 IFRS 5 Non-current Assets Held for Sale and Discontinued Operations
431(1)
17.11 Disclosure requirements
432(1)
17.12 Government grants towards the cost of PPE
433(2)
17.13 Investment properties
435(1)
17.14 Effect of accounting policy for PPE on the interpretation of the financial statements
436(13)
Summary
438(1)
Review questions
439(1)
Exercises
439(9)
References
448(1)
18 Leasing
449(19)
18.1 Introduction
449(50)
18.2 Background to leasing
449
18.3 Why was the IAS 17 approach so controversial?
451(1)
18.4 IAS 17 -- classification of a lease
452(1)
18.5 Accounting requirements for operating leases
453(1)
18.6 Accounting requirements for finance leases
454(1)
18.7 Example allocating the finance charge using the sum of the digits method
455(2)
18.8 Example allocating the finance charge using the actuarial method
457(1)
18.9 Disclosure requirements for finance leases
458(1)
18.10 Accounting for the lease of land and buildings
459(1)
18.11 Leasing -- a form of off-balance-sheet financing
460(1)
18.12 Accounting for leases -- a new approach
460(8)
Summary
463(1)
Review questions
463(1)
Exercises
464(3)
References
467(1)
19 Intangible assets
468(29)
19.1 Introduction
468(1)
19.2 Intangible assets defined
468(3)
19.3 Accounting treatment for research and development
471(1)
19.4 Why is research expenditure not capitalised?
472(1)
19.5 Capitalising development costs
473(1)
19.6 Disclosure of R&D
474(1)
19.7 IFRS for SMEs' treatment of intangible assets
474(1)
19.8 Internally generated and purchased goodwill
475(1)
19.9 The accounting treatment of goodwill
475(2)
19.10 Critical comment on the various methods that have been used to account for goodwill
477(3)
19.11 Negative goodwill/Badwill
480(1)
19.12 Brands
480(2)
19.13 Accounting for acquired brands
482(1)
19.14 Emissions trading
483(1)
19.15 Intellectual capital disclosures (ICDs) in the annual report
484(1)
19.16 Review of implementation of IFRS 3
485(1)
19.17 Review of implementation of identified intangibles under IAS 38
486(11)
Summary
488(1)
Review questions
488(1)
Exercises
489(6)
References
495(2)
20 Inventories
497(26)
20.1 Introduction
497(1)
20.2 Inventory defined
497(1)
20.3 The impact of inventory valuation on profits
498(1)
20.4 IAS 2 Inventories
499(1)
20.5 Inventory valuation
500(6)
20.6 Work in progress
506(2)
20.7 Inventory control
508(1)
20.8 Creative accounting
509(2)
20.9 Audit of the year-end physical inventory count
511(1)
20.10 Published accounts
512(1)
20.11 Agricultural activity
513(10)
Summary
516(1)
Review questions
517(1)
Exercises
517(5)
References
522(1)
21 Construction contracts
523(24)
21.1 Introduction
523(1)
21.2 The need to replace IAS 11 Construction Contracts
523(2)
21.3 Identification of contract revenue under IAS 11
525(1)
21.4 Identification of contract costs under IAS 11
525(3)
21.5 Public-private partnerships (PPPs)
528(4)
21.6 IFRS 15 treatment of construction contracts
532(2)
21.7 An approach when a contract can be separated into components
534(1)
21.8 Accounting for a contract -- an example
535(3)
21.9 Illustration -- loss-making contract using the step approach
538(9)
Summary
539(1)
Review questions
540(1)
Exercises
540(6)
References
546(1)
Part 5 CONSOLIDATED ACCOUNTS
547(106)
22 Accounting for groups at the date of acquisition
549(19)
22.1 Introduction
549(1)
22.2 Preparing consolidated accounts for a wholly owned subsidiary
549(1)
22.3 IFRS 10 Consolidated Financial Statements
549(2)
22.4 Fair values
551(1)
22.5 Ilustration where there is a wholly owned subsidiary
551(2)
22.6 Preparing consolidated accounts when there is a partly owned subsidiary
553(3)
22.7 The treatment of differences between a subsidiary's fair value and book value
556(1)
22.8 The parent issues shares to acquire shares in a subsidiary
557(1)
22.9 IFRS 3 Business Combinations treatment of goodwill at the date of acquisition
558(1)
22.10 When may a parent company not be required to prepare consolidated accounts?
558(1)
22.11 When may a parent company exclude or not exclude a subsidiary from a consolidation?
558(1)
22.12 IFRS 13 Fair Value Measurement
559(1)
22.13 What advantages are there for stakeholders from requiring groups to prepare consolidated accounts?
560(8)
Summary
561(1)
Review questions
561(1)
Exercises
562(5)
References
567(1)
23 Preparation of consolidated statements of financial position after the date of acquisition
568(14)
23.1 Introduction
568(1)
23.2 Uniform accounting policies and reporting dates
568(1)
23.3 Pre- and post-acquisition profits/losses
568(1)
23.4 The Bend Group -- assuming there have been no inter-group transactions
569(2)
23.5 Inter-company transactions
571(1)
23.6 The Prose Group -- assuming there have been inter-group transactions
572(10)
Summary
574(1)
Review questions
575(1)
Exercises
575(6)
References
581(1)
24 Preparation of consolidated statements of income, changes in equity and cash flows
582(23)
24.1 Introduction
582(1)
24.2 Eliminate inter-cornpany transactions
582(1)
24.3 Preparation of a consolidated statement of income -- the Ante Group
583(2)
24.4 The statement of changes in equity (SOCE)
585(1)
24.5 Other consolidation adjustments
585(2)
24.6 A subsidiary acquired part-way through the year
587(2)
24.7 Published format statement of income
589(1)
24.8 Consolidated statements of cash flows
590(15)
Summary
592(1)
Review questions
592(1)
Exercises
593(11)
References
604(1)
25 Accounting for associates and joint arrangements
605(27)
25.1 Introduction
605(1)
25.2 Definitions of associates and of significant influence
605(1)
25.3 The treatment of associated companies in consolidated accounts
606(1)
25.4 The Brill Group -- group accounts with a profit-making associate
606(3)
25.5 The Brill Group -- group accounts with a loss-making associate
609(2)
25.6 The acquisition of an associate part-way through the year
611(1)
25.7 Joint arrangements
612(4)
25.8 Disclosure in the financial statements
616(1)
25.9 Parent company use of the equity method in its separate financial statements
617(15)
Summary
619(1)
Review questions
619(1)
Exercises
620(11)
References
631(1)
26 Introduction to accounting for exchange differences
632(21)
26.1 Introduction
632(1)
26.2 How to record foreign currency transactions in a company's own books
633(2)
26.3 Boil plc -- a more detailed illustration
635(1)
26.4 IAS 21 Concept of Functional and Presentation Currencies
636(2)
26.5 Translating the functional currency into the presentation currency
638(1)
26.6 Preparation of consolidated accounts
639(3)
26.7 How to reduce the risk of translation differences
642(1)
26.8 Critique of use of presentational currency
643(1)
26.9 IAS 29 Financial Reporting in Hyperinflationary Economies
643(10)
Summary
645(1)
Review questions
645(1)
Exercises
646(6)
References
652(1)
Part 6 INTERPRETATION
653(120)
27 Earnings per share
655(34)
27.1 Introduction
655(1)
27.2 Why is the earnings per share figure important?
655(1)
27.3 How is the EPS figure calculated?
656(1)
27.4 The use to shareholders of the EPS
657(1)
27.5 Illustration of the basic EPS calculation
658(1)
27.6 Adjusting the number of shares used in the basic EPS calculation
658(3)
27.7 Rights issues
661(5)
27.8 Adjusting the earnings and number of shares used in the diluted EPS calculation
666(2)
27.9 Procedure where there are several potential dilutions
668(2)
27.10 Exercise of conversion rights during the financial year
670(1)
27.11 Disclosure requirements of IAS 33
670(2)
27.12 The Improvement Project
672(1)
27.13 The Convergence Project
672(17)
Summary
673(1)
Review questions
673(1)
Exercises
674(5)
References
679(10)
28 Review of financial statements for management purposes
689(24)
28.1 Introduction
680(1)
28.2 Overview of techniques for the analysis of financial data
681(1)
28.3 Ratio analysis -- a case study
682(1)
28.4 Introductory review
683(3)
28.5 Financial statement analysis, part 1 -- financial performance
686(6)
28.6 Financial statement analysis, part 2 -- liquidity
692(3)
28.7 Financial statement analysis, part 3 -- financing
695(2)
28.8 Peer comparison
697(1)
28.9 Report based on the analysis
698(1)
28.10 Caution when using ratios for prediction
699(14)
Summary
701(1)
Review questions
702(1)
Exercises
703(9)
Reference
712(1)
29 Analysis of published financial statements
713(42)
29.1 Introduction
713(1)
29.2 Improvement of information for shareholders
714(1)
29.3 Published financial statements -- their limitations for interpretation purposes
715(1)
29.4 Published financial statements -- additional entity-wide cash-based performance measures
716(3)
29.5 Ratio thresholds to satisfy shariah compliance
719(2)
29.6 Use of ratios in restrictive loan covenants
721(2)
29.7 Investor-specific ratios
723(3)
29.8 Determining value
726(5)
29.9 Predicting corporate failure
731(4)
29.10 Professional risk assessors
735(1)
29.11 Valuing shares of an unquoted company -- quantitative process
736(3)
29.12 Valuing shares of an unquoted company -- qualitative process
739(16)
Summary
741(1)
Review questions
741(2)
Exercises
743(10)
References
753(2)
30 An introduction to financial reporting on the Internet
755(18)
30.1 Introduction
755(1)
30.2 The objectives of financial reporting
755(2)
30.3 Reports and the flow of information pre-XBRL
757(1)
30.4 What are HTML, XML and XBRL?
758(1)
30.5 Reports and the flow of information post-XBRL
759(1)
30.6 Why are companies adopting XBRL?
760(1)
30.7 What are the processes followed to adopt XBRL for outputting information?
761(3)
30.8 What is needed when receiving XBRL output information?
764(2)
30.9 Progress of XBRL development for internal accounting
766(1)
30.10 Real-time reporting
767(1)
30.11 Further developments
768(5)
Summary
768(1)
Review questions
769(1)
Exercises
769(2)
References
771(1)
Bibliography
771(2)
Part 7 ACCOUNTABILITY
773(64)
31 Corporate governance
775(33)
31.1 Introduction
775(1)
31.2 A systems perspective
775(2)
31.3 Different jurisdictions have different governance priorities
777(1)
31.4 Pressures on good governance behaviour vary over time
778(1)
31.5 Types of past unethical behaviour
779(1)
31.6 The effect on capital markets of good corporate governance
780(1)
31.7 Risk management
781(1)
31.8 The role of internal control and internal audit in corporate governance
782(2)
31.9 External audits in corporate governance
784(5)
31.10 Executive remuneration in the UK
789(3)
31.11 Corporate governance, legislation and codes
792(1)
31.12 Corporate governance -- the UK experience
793(15)
Summary
802(1)
Review questions
802(3)
Exercises
805(1)
References
806(2)
32 Sustainability -- environmental and social reporting
808(29)
32.1 Introduction
808(2)
32.2 An overview -- stakeholders' growing interest in corporate social responsibility (CSR)
810(1)
32.3 An overview -- business's growing interest in corporate social responsibility
811(3)
32.4 Companies' voluntary adoption of guidelines and certification
814(2)
32.5 The accountant's role in a capitalist industrial society
816(1)
32.6 The nature of the accountant's involvement
817(2)
32.7 Summary on environmental reporting
819(1)
32.8 Concept of social accounting
820(1)
32.9 Background to social accounting
821(3)
32.10 Corporate social responsibility reporting
824(1)
32.11 Need for comparative data
824(1)
32.12 Investors
825(1)
32.13 The accountant's changing role
826(11)
Summary
828(1)
Review questions
829(1)
Exercises
830(3)
References
833(2)
Bibliography
835(2)
Index 837