ESCP Europe

"Suitable for students on intermediate financial reporting and accounting courses, this updated edition covers IFRS-based reporting and provides a balanced study of globalised accounting. With a conceptually-based approach to international accounting standards, the theoretical underpinnings of financial reporting are clearly explained, in addition to analysis of financial statements belonging to real company and group accounts and in-depth discussions of the usage and interpretation of financial information. Learning activities and worked examples populate the text, helping students understand and apply theoretical concepts painlessly, as well as developing their problem-solving abilities. A companion website provides additional resources including Instructor's Manual, PowerPoint slides and relevant web links. The book is student oriented throughout, and contains activities, examples of reporting using IFRS from real companies' accounts, questions and answers" - in book jacket.

PART ONE: FRAMEWORK, THEORY AND REGULATION --- 1. Basics of financial reporting --- 2. International accounting differences --- 3. The process of harmonization --- 4. Economic valuation concepts --- 5. Current entry value --- 6. Current exit value and mixed values --- 7. Current purchasing power accounting --- 8. Accounting theory and conceptual frameworks --- 9. Structure of published financial statements --- 10. Additional disclosure statements --- 11. Basics of interpretation of financial statements --- PART TWO: ANNUAL FINANCIAL STATEMENTS --- 12. Fixed (non-current) tangible assets --- 13. Intangible assets --- 14. Impairment and disposal of assets --- 15. Leases --- 16. Inventories and construction contracts --- 17. Accounting for financial instruments --- 18. Revenue --- 19. Provisions, contingent liabilities and contingent assets --- 20. Income taxes --- 21. Employee benefits --- 22. Changing prices and hyperinflationary economies --- 23. Cash flow statements --- 24. Presentation issues --- PART THREE: CONSOLIDATED ACCOUNTS AND THE MULTINATIONAL --- 25. Consolidated financial statements I: the concepts ---26. Consolidated financial statements II: accounting in practice --- 27. Foreign currency translation --- 28. Interpretation of financial statements --- 29. Techniques of financial analysis..