Financial Reporting Standards, livre ebook

Accounting is the score keeping system in the “game” of business, and you won’t do well in any “game” if you don’t understand how the score is
kept. If you’re a practicing manager, MBA student, or a non-accounting business major, this book will do more than help you stay in the game.
Inside, United States financial reporting standards are compared and contrasted with international financial reporting standards, and the
authors detail how management’s choice of accounting methods and their required estimates in reporting transactions and events impact
financial statements, both immediately and in the future. Unlike typical accounting books, journal entries are not used to illustrate topical
coverage.
This unique book exclusively provides you with a decision-making perspective by using the accounting equation format to directly
illustrate financial statement effects of transactions and events. Most of the topics addressed in this book are typically studied by accounting
majors in the two course “intermediate” accounting sequence, but the text also includes discussion of consolidations—a topic generally
covered in the “advanced” accounting course. Intermediate accounting textbooks alone typically exceed well over 1,500 pages. By exclusively
applying a user’s perspective, and limiting topical content to areas relevant for decision making, this book allows non-accountants to
acquire the requisite underlying knowledge in a concise, easy to understand text.
Chapter 1 Overview of Financial Accounting ...................................1
Chapter 2 Cash, Receivables, and Revenue Recognition .................27
Chapter 3 Inventory and Cost of Goods Sold .................................57
Chapter 4 Operational Assets .........................................................89
Chapter 5 Liabilities: Current, Contingent,
and Long-Term Debt ..................................................125
Chapter 6 Leases ..........................................................................163
Chapter 7 Financial Instruments: Investment
Securities and Derivatives ............................................179
Chapter 8 Accounting for Postretirement
Benefi ts and Income Taxes ...........................................223
Chapter 9 Stockholders’ Equity and Earnings Per Share ...............261
Chapter 10 Statement of Cash Flows ..............................................297
Index .................................................................................................319