Financial Reporting & Analysis (FR&A) by Revsine/Collins/Johnson/Mittelstaedt emphasizes both the process of financial reporting and the analysis of financial statements. This book employs a true "user" perspective by discussing the contracting and decision implications of accounting and this helps readers understand why accounting choices matter and to whom. Revsine, Collins, Johnson, and Mittelstaedt train their readers to be good financial detectives, able to read, use, and interpret the statements and-most importantly understand how and why managers can utilize the flexibility in GAAP to manipulate the numbers for their own purposes. Significantly, the new edition emphasizes the differences and similarities between GAAP and IFRS, which is a critical component of this course.
Chapter 1 The Economic and Institutional Setting for Financial Reporting
Chapter 2 Accrual 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
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
Appendix Time Value of Money
New to this Edition
New Global Vantage Point sections have been added to most chapters that
identify key differences between U.S. GAAP and IFRS
discuss financial statement excerpts of companies that follow IFRS
summarize proposed new accounting standards issued by the FASB and/or the IASB as part of their convergence project
References to both the FASB Accounting Standards Codification TM and the underlying pre-Codification U.S. GAAP literature have been addedAll FASB and IASB standards, exposure drafts, and discussion papers released through October 2010 have been coveredDiscussion of the 2008 global financial crisis and how it affected accounting measurements is includedNew or updated company examples are incorporated throughout the book New and revised end-of-chapter materials including exercises, problems, and cases tied to Global Vantage Points or to proposed new FASB and IASB standards have been added
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