Financial Reporting for Managers A Value-Creation Perspective

ISBN-10: 0471457493

ISBN-13: 9780471457497

Edition: 2009

List price: $160.95
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Description:

This is the first and only book to combine the concept of shareholder value creation with the financial reporting process. Readers will discover the clear links between shareholder value creation, the financial accounting statements, and the market value of the firm. Theyll also explore the steps leading from good decisions by management to strong financial statements, and higher shareholder value and stock prices. Throughout the pages, the authors strike an effective balance among the mechanics underlying the preparation of the statements, the measurement issues behind the mechanics, and the economic context in which the statements are prepared and used.
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Book details

List price: $160.95
Copyright year: 2009
Publisher: John Wiley & Sons, Incorporated
Publication date: 3/31/2008
Binding: Paperback
Pages: 440
Size: 8.00" wide x 9.75" long x 0.75" tall
Weight: 1.826
Language: English

Value Creation, Financial Statements, And The Environment Of Financial Reporting
Value Creation and Successful Management
Value Creation Through Operating, Investing and Financial Activities
Return on Equity (ROE)
A Caution about Measures of Value Creation
Estimating the Cost of Equity - An Intuitive Approach
The Financial Statements - An Introduction
The Balance Sheet
Statement of Cash Flows
Income Statement
Statement of Changes in Shareholders Equity
Did Lowe's Create Value in 2007?
The Economic Context in which Financial Reports are Prepared and Used
Reporting Entities and Industries
Corporate Governance
Financial Information Users and Capital Markets
Contracts: Debt Covenants and Management Compensation
Financial Reporting Regulations and Standards
Generally Accepted Accounting Principles
Independent Auditors
Board of Directors and Audit Committee
Legal Liability
Professional Reputation and Ethics
Sarbanes-Oxley Act and Internal Controls
Global Perspective: Accounting Practices Outside the U.S
Summary
Estimating the Cost of Equity
Case and Review Questions
The Financial Statements - A Closer Look
Operating Activities, the Financial Statements, and Value Creation
Operating Performance and the Income Statement
Operating Performance and Cash Provided by Operating Activities
Investing Activities, Asset Management, and Financial Statement and Value Creation
Working Capital Management.
Long-term (Producing) Assets
Financing Activities, the Financial Statements, and Value Creation
Transactions with Debt Holders
Transactions with Equity Holders
Financial Statement Differences Across Industries
Global Perspective: Financial Statements and Analyses in Other Countries
Summary
Case and Review Questions
Measurement Framework And Mechanics Of Financial Accounting
Measurement Framework for the Financial Statements
Objectives of Financial Reporting
Elements and Their Qualitative Characteristics
Assumptions, Valuation Principles, and Exceptions
Assumptions of Financial Accounting
Markets and Valuations Bases
Valuation Principles of Financial Accounting
Exceptions of Financial Accounting
Mechanics of Financial Accounting
Basic Accounting Equation and Financial Statements
Transactions, Accounts, and the Accounting Equation
Mechanics of Financial Accounting: An Illustration
Global Perspective: Measurement Fundamentals and International Reporting Standards
Case and Review Questions
Appendix 3A
Journal Entries and the Accounting Equation
Permanent, Temporary Accounts, and the Closing Process
Using Financial Statements To Analyze Value Creation
Determinants of Value Creation: Analyzing Return of Equity
Return on Assets (ROA)
Measures of Effective Sales and Expense Management
Measures of Effective Assets Management
Asset Turnover Ratios
Solvency Ratios
Measures of Effective Capital Structure Management
Using Financial Ratios to Analyze Value Creation Structure - Summary
Analyzing the Statement of Cash Flows
Financial Statement Analysis - A Wrap-Up and Industry Comparison
Global Perspective: Working Capital Management
Case and Review Questions
Return On Equity, Value Creation, And Firm Value
A Model of Firm Value Based on ROE and Value Creation
Market-to-Book Ratios
Using the ROE Valuation Model to Estimate Firm Market Value
Predicting Future ROE
Incorporating ROE Predictions into the Valuation Model
Using the Valuation Model to Estimate Nordstrom's Market Value
Implications of Differences Between Actual and Estimated Market Values
Using Financial Statements to Assess the Value of Non-US Firms
Summary
Case and Review Questions
Earnings Management
Incentives to Manage Earnings
Common Forms of Earnings Management
Overstating Operating Performance
Understating Operating Performance
Off-Balance Sheet Financing
How Managers Use Accounting Judgments to Manage Earnings
Materiality Judgments
Recognition versus Disclosure Judgments
Classification Judgments
Measurement Judgments
Measurement Judgments: Summary
"Real" Earnings Management
Earnings Management and Value Creation
A Global Perspective on Earnings Management
Case and Review Questions
Operating Transactions - Revenues, Expenses And Working Capital
Income Statement: Disclosure and Presentation
Operating Revenues and Expenses
Other Revenues and Expenses
Interest Expense, net
Disposal of a Business Segment - Discontinued Operations
Extraordinary Items
Changes in Accounting Methods
Disclosure of Income Taxes
Earnings-Per-Share Disclosure
Working Capital
Cash
Cash Restrictions
Cash Management
Cash Control
Revenue Recognition
Managing Receivables
Valuing Receivables on the Balance Sheet
Accounting for Bad Debts (Uncollectibles)
Accounts Receivable Control and Aging Schedules
Inventory
Accounting for Inventory: Four Important Issues
Acquiring Inventory: What Costs to Capitalize
Carry Inventory: Perpetual Method
Balance Sheet
Income Statement
Which Cost Flow Assumption
Inventory Cost Flow Assumptions: Effects on the Financial Statement
Observations about LIFO: Liquidations and LIFO Reserves
Inventory Cost Flow Assumptions: Tradeoffs
Ending Inventory: Applying the Lower-of-Cost-or-Market Rule
Current Liabilities
Determinable Liabilities
Contingent Liabilities
Statement of Cash Flows: Operating Section
Direct Method
Indirect Method
Summary
Cases and Review Questions
Long-Term Producing Assets And Investments In Equity Securities
Investments in Long-Term Producing Assets
Accounting for Producing Assets: An Overview
Acquisition: What Costs to Capitalize
Post-acquisition Expenditures
Cost Allocation
Estimating Useful Life and Salvage Value
Cost Allocation Methods
Disposal: Retirement, Sales, and Trade-In
Investments in Equity Securities
Cost Method
Mark-to-Market Method
Equity Method
Consolidated Financial Statements
Investing Activities and Statement of Cash Flows
Summary
Cases and Review Questions
Time Value Of Money
Interest: The Price of Money
Time Value
Size of Time Value
Time Value Computations
Future Value
Present Value
An Illustration
Equivalent Value
Computing Implicit Rates of Return
Time Value of Money and Financial Reporting
Cases and Review Questions
Glossary
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