Financial Accounting and Reporting

• Main Authors: Elliott, Barry (Author), Elliot, Jamie (Author)
• Format: Book
• Language: English
• Published: London Prentice Hall 1993
• Subjects: Financial statements > Accounting; Corporations > Accounting
• Online Access: Click Here to View Status and Holdings.

Aims to provide students with the skills to prepare and analyze company-only and consolidated financial statements. It also offers a theoretical underpinning for asset valuation and income determination, and encourages awareness of the limitations of conventional financial statements.

Table of Contents:

• Part 1 Income and asset value measurement systems: transactions recorded and reported on a cash flow basis; transactions recorded and reported on an accrual accounting basis; income and asset value measurement - an economist's approach; changing price levels - the developing concepts; shifting the price levels and accountancy reporting. Part 2 Regulatory framework: published accounts of listed public companies; accounting standards. Part 3 Profit and loss: taxation in accounts; earnings per share; accounting for groups of companies at date of acquisition; accounting for fixed asset investments. Part 4 Consolidated accounts: tangible fixed assets and depreciation; tangible fixed assets (not owned) - lessee; tangible fixed assets (not owned) - lessor; intangible assets; goodwill; brands; stocks and long-term contracts. Part 5 Interpretation: funds-flow and cash-flow statements; analysis - profit and loss account and balance sheet; a review of financial ratio analysis; analysis - profit and loss account and balance sheet; trend analysis and multivariate analysis. Part 6 Accountability: accountability of directors and auditors.