For courses in Financial Statement Analysis in departments of accounting, that require a deeper understanding of “where the numbers come from.” This book is specifically designed to address the changing nature of the Financial Reporting/Intermediate Accounting course and to help instructors make that change in their own classrooms. Rather than focusing solely on the details of GAAP and the accounting process, this book provides instructors with an opportunity to present the "big picture" without sacrificing technical underpinnings.

Financial Reporting and Analysis

Revsine, Lawrence

Collins, Daniel

Johnson, W. Bruce

Amernic, Joel

Business & Money

Pearson English Language Teaching

Financial Reporting and Analysis, Second Edition reveals the truths hidden behind the numbers and shows the pitfalls to avoid when analyzing financial statements. A focus on core topics allows readers to examine the economic and institutional setting for financial reporting, accrual accounting and income determination, structure of the balance sheet and statement of cash flows, essentials of financial statement analysis, the role of financial information in valuation and contracting, receivables, inventories, long-lived assets and depreciation, financial instruments as liabilities, financial reporting for leases, income tax reporting, pensions and postretirement benefits, financial reporting for owners' equity, intercorporate equity investments, statement of cash flows, and an overview of international financial reporting differences and inflation. For anyone whose job includes preparing and analyzing financial statements.

Financial Reporting and Analysis (2nd Edition)

Collins, Daniel W.

Accounting

PRENTICE/HALL

The CPA exam is changing. You need to change as well...to a book that better prepares you for the CPA exam and for business. This is the only book of its kind that demonstrates how to prepare financial reports and then how to analyze what those numbers really mean. Every manager has incentives to present his or her firm in the most favorable light to lenders, equity investors and others. And, every manager wants to use the flexibility allowed by GAAP to manage the firm's earnings to achieve certain goals. Revsine, Collins, and Johnson explain these incentives and help readers spot cases of earnings management, which disguises a firm's true performance. For anyone preparing to take the CPA exam, and for anyone who wants or needs a working knowledge of accounting, financial reporting, and financial statement analysis.

Financial Reporting And Analysis.

Pearson College Div

Many headlines in today's leading business publications talk about how managers are "cookin' the books" to meet earnings targets or analysts' earnings projections. How can managers utilize the flexibility in GAAP to manipulate the numbers for their own purposes? How can analysts learn how to uncover the hidden truths behind reported accounting numbers and interpret financial statements correctly? 
Financial Reporting &amp; Analysis by Revsine/Collins/Johnson 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, and Johnson 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. 
Extensive real-world examples are designed to build interest and expand understanding not only of current practices, but also how to make comparisons between firms. For example: 
* See how the Regina Company's management team manipulated the numbers in the annual report to suggest a $10.9 million profit when they had actually lost $16.8 million (chapter 1) 
* Discover how Kmart Corporation managers used legitimate accounting means to keep a substantial portion of their leases off the balance sheet to enhance their reported return on assets and debt/equity ratio-and then see how Revsine, Collins, and Johnson use financial statement footnotes to undo this accounting choice and put the numbers back onto the balance sheet (Chapter 11) 
* See what happened at Bausch &amp; Lomb when managers treated shipments of products to distributors as final sales. Managers who have not used this text would only know how that receivables increased, whereas financial detectives learning from Revsine, Collins, and Johnson would know that something was amiss when collections slowed and receivables increased faster than sales (Chapter 7). 
FR&amp;A perfectly meets the guidelines for the new 150 hour requirement for CPA certification through the development of analytical and conceptual thinking, problem solving, and understanding of why accounting really matters. Moreover, because of its unique user focus and analysis orientation, this book is well suited for preparing for all levels of the Chartered Financial Analysts' (CFA) exam. Readers will be better prepared for both the CPA and CFA exams because of the extensive in-chapter technical material and end-of-chapter problems and real-world cases.

Financial Reporting & Analysis

Finance

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