Financial Information Analysis / Edition 2

Financial Information Analysis / Edition 2

by Philip O'Regan
ISBN-10:
0470865725
ISBN-13:
9780470865729
Pub. Date:
10/24/2006
Publisher:
Wiley

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Overview

Financial Information Analysis / Edition 2

Completely revised and updated, this 2nd Edition of Financial Information Analysis is vital reading for both undergraduate and MBA students taking courses in financial information analysis. In this book Philip O'Regan addresses the nature and role of accounting information in modern society and, in particular, focuses on the company annual report.

Features:

  • Emphasizes the role of accounting information as an aid to the decision-making process
  • Key issues are illustrated through references to the Tesco annual report, which is included in its entirety as an appendix
  • Numerous extracts from newspapers, journals and websites reinforce points made in the text and also serve to provide alternative viewpoints
  • End of chapter case studies allow students to investigate particular events and companies in more detail
  • The changed regulatory environment, pertaining to the requirements in relation to IFRS forms the core of the text.

Product Details

ISBN-13: 9780470865729
Publisher: Wiley
Publication date: 10/24/2006
Edition description: Revised Edition
Pages: 634
Product dimensions: 7.54(w) x 9.23(h) x 1.33(d)

About the Author

PHILIP O'REGAN is a qualified accountant who has worked for over a decade in a number of public accountancy practices, including Coopers and Lybrand. Since 1988 he has lectured in financial information analysis and financial accounting at the University of Limerick.

Table of Contents

Acknowledgementsxiii
Prefacexv
Introductionxxi
Section IContexts
Chapter 1Regulatory and Legislative Contexts3
Introduction4
Regulatory Framework5
UK Legislative Framework16
Summary25
Review Questions26
Case Studies27
Chapter 2Conceptual Context29
Introduction30
US31
UK36
ASB's Statement of Principles43
IASC51
Summary52
Review Questions54
Case Studies55
Chapter 3Theoretical Context61
Introduction62
Classical Theory63
Market-Based Theory64
Positive Accounting Theory78
Implications for Financial Information Analysis80
Summary81
Review Questions82
Case Studies83
References86
Chapter 4Governance Context87
Introduction88
Corporate Governance in the UK89
Corporate Governance in Europe102
Stakeholder Theory102
Summary104
Review Questions105
Case Studies106
Section IIContent
Chapter 5Narrative Reports113
Introduction114
Narrative Reports115
Chairman's Statement116
The Directors' Report119
Auditor's Report123
Operating and Financial Review (OFR)127
Historical Summaries130
Summary131
Review Questions132
Case Studies133
Chapter 6Financial Statements139
Introduction140
Corporate Structure140
Annual Report--Financial Statements141
Balance Sheet142
A.Called-Up share Capital Not Paid145
B.Fixed Assets145
C.Current Assets154
D.Prepayments and Accrued Income158
E.Creditors: Amounts Falling Due Within 1 Year158
F.Net Current Assets (Liabilities)160
G.Total Assets Less Current Liabilities160
H.Creditors: Amounts Falling Due After More Than 1 Year160
I.Provisions for Liabilities and Charges160
J.Accruals and Deferred Income162
K.Capital and Reserves162
Profit and Loss Account166
Cash Flow Statements171
Accounting Standards and Financial Information Presentation172
Reporting Performance--Recent Developments176
Statement of Total Recognized Gains and Losses174
Summary179
Review Questions180
Case Studies181
Section IIIAnalysis
Chapter 7Fundamental Analysis187
Introduction188
Fundamental Analysis189
Technical Analysis197
Summary199
Review Exercises201
Case Studies202
Chapter 8Activity and Liquidity205
Introduction206
Activity207
Liquidity218
Cash Flow Ratios219
Summary222
Review Questions223
Case Studies224
Chapter 9Financing227
Introduction229
Sources of Finance230
Equity231
Debt233
Ratios237
Summary244
Review Questions245
Case Studies246
Chapter 10Profitability and Return on Investment249
Introduction250
Profitability251
Return on Investment253
Dividend Policy260
Summary262
Review Questions264
Case Studies265
Section IVIssues
Chapter 11Business Combinations273
Introduction274
Mergers and Acquisitions275
Accounting for Business Combinations282
Associates and Joint Ventures294
Related Party Transactions296
Summary297
Review Questions299
Case Studies300
Chapter 12Taxation, Pensions, Leases and Foreign Currency305
Introduction306
Taxation307
Pensions316
Leases320
Foreign Currency326
Summary329
Review Questions331
Case Studies332
Chapter 13Creative Accounting335
Introduction337
Creative Accounting339
Financial Reporting Review Panel344
Role of Ethics346
Summary348
Review Questions349
Case Studies350
Chapter 14Corporate Social Reporting (CSR)355
Introduction356
Corporate Social Reporting358
Corporate Report360
Recent Developments in CSR362
Environmental Reporting363
Summary368
Review Questions369
Case Studies370
Chapter 15International Accounting and Harmonisation375
Introduction376
European Accounting377
Germany378
France382
Globalization and Harmonization385
Summary391
Review Questions392
Case Studies393
Section VInterpretation
Chapter 16Tesco plc 2000401
Introduction402
Report403
Other Perspectives408
Summary409
Review Questions410
Case Studies411
Section VIChallenges and Opportunities
Chapter 17Alternative Approaches417
Introduction419
Balanced Scorecard420
Economic Value Analysis422
Multi-Variate Analysis and Corporate Failure Prediction424
Summary428
Review Questions430
Case Studies431
Chapter 18Technology and Future Reports437
Introduction439
Role of Accounting440
New Forms of Delivery445
Company Law Review448
Summary451
Review Questions453
Case studies454
Bibliography459
AppendixTesco plc 2000 Annual Report461
Index503

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