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Books > Business & Economics > Finance & accounting > Accounting
Financial Statements explains the logic of financial statements and
how we use them to analyse companies in economic terms. Its
approach is very different to existing books on financial
statements, bringing a remarkable amount of order and simplicity to
what can appear a complex subject. The book covers a number of
issues that have had little attention before, including the
analysis of growth, how business model innovation is affecting
reported financial performance, the effect of the company's
accounting model on its reported cash flow and the vulnerability of
measures such as EBITDA. The book examines the main problem areas
in accounting: where balance sheets are frequently incomplete, the
treatment of intangible assets, the techniques of
'off-balance-sheet financing', how assets and liabilities are
valued in balance sheets and the tension in GAAP between historic
cost and current or 'fair' value accounting. The book contains a
concise review of the two dominant accounting systems: US GAAP, or
Generally Accepted Accounting Principles, and IFRS. It explains how
GAAP is evolving, and the impact of the financial crisis. The book
examines the ways in which companies present their income numbers
to achieve a favourable look, why companies fail and the detection
of creative accounting. This book is essential reading for
practitioners and students, and for anyone who wants to use and
understand financial statements.
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Year Book
(Paperback)
Carnegie Institution of Washington
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R637
Discovery Miles 6 370
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Ships in 12 - 19 working days
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