The world of financial accounting is changing rapidly, with all listed companies in the EU now required to publish their financial statements according to IFRS. Financial Accounting: An International Approach is written to reflect the latest financial accounting developments and their implications, and is the ideal text for non-specialist students.
Aimed at those students who wish to pursue careers as managers in business or similar organisations, the book offers an innovative, practical and interactive approach to the subject. Focusing on the use of financial information rather than simply presenting technical methodology, and bearing the non-specialist in mind, the authors explain the ground rules of book-keeping, but never to the detriment of essential underlying concepts.
The book is suitable for introductory level courses in Financial Accounting for a general degree in Business/Management and Economics.
Elisabetta Barone is a lecturer of financial Accounting at King's College London and a senior fellow at School of Oriental and African Studies. She has a PhD in Business Management from Bocconi University, Milan and an MSc in Law and Accounting from the London School of Economics and Political Science.She is also a Dottore Commercialista (chartered accountant).
Jagdish Kothari FCA (ICAEW) is a retired partner of PricewaterhouseCoopers and until recently was a consultant to Ernst & Young and visiting Professor at Bocconi University, Milan.
Part I: The Framework of Financial Reporting
1: Introduction to Financial Accounting
2: Key Accounting Concepts
Part II: Financial position and financial performance
3: Balance sheet: an overall view
4: Income statement: an overall view
5: Revenue and trade receivables
6: Inventory and Cost of Sales
7: Tangible and intangible assets
9: Owners' Equity
Part III: Preparation of financial statements
10: How to record transactions and prepare financial reports for a single enterprise
11: Preparation of financial reports for a group of enterprises
12: Measuring and reporting cash flows
Part IV: Analysis and Interpretation of Financial Statements
13: Trends and common-size statements
14: Corporate liquidity and solvency
15: Operating performance
16: Determinants of corporate value
Part V: Current Developments in corporate governance
17: Corporate reporting and corporate governance
18: Public trust in corporate reporting