International Financial Reporting and Analysis

 This textbook is a development of "Financial Reporting" by Alexander and Britton, and is designed to meet the emerging demand for coverage of international accounting standards (IASs) and the globalization of accounting in advanced courses. It is predicated on an IAS framework but the European directives, especially as regards detailed formats having no direct equivalent in IASs, are discussed in detail. The European context and, in the case of important markets, the national context is recognised and contrasted with the international approach. Important non-European influences, especially those from the US, are also included in order to provide a genuinely wide-ranging appreciation of the implications of accounting internationalism. Part 1 contains coverage of the theoretical underpinnings of financial reporting in an international context. It also describes the international, European and domestic regulatory framework of accounting. Part 2 starts by analysing the legal background of the concept of capital and profit. 

 

Table of Contents: Preface Abbreviations PART I - FRAMEWORK, THEORY AND REGULATION 1. The basis of financial reporting 2. International accounting differences 3. The process of harmonisation 4. Economic valuation concepts 5. Current entry values 6. Current exit value and mixed values 7. Current purchasing power accounting 8. Accounting theory and conceptual frameworks 9. Structure of published financial statements 10. Additional disclosure statements 11. Quo vadis? Part II - ANNUAL FINANCIAL STATEMENTS 12. Fixed assets 13. Leases 14. Inventories 15. Financial instruments 16. Revenue 17. Provisions 18. Income taxes 19. Employee benefits 20. Price changes 21. Cash flow statements 22. Presentation issues Part III - CONSOLIDATED ACCOUNTS AND THE MULTINATIONAL 23. Consolidated financial statements 24. Foreign currency translation Part IV - FINANCIAL ANALYSIS 25. Interpretation of financial statements 26. Techniques of financial analysis Bibliography Index