Financial Statements: Analysis and Reporting

by Felix I. Lessambo

Overview

Through a mixture of concepts and examples, this book demystifies the variety of elements of financial accounting and uncovers the need-to-know information for certification in this field. This book covers the two aspects of financial statement analysis, namely quantitative and non-quantitative analysis. Concluding with helpful case studies, the book will appeal to students and academics of financial accounting.

Product Details

ISBN-13:	9783319999845
Publisher:	Palgrave Macmillan
Publication date:	11/03/2018
Sold by:	Barnes & Noble
Format:	eBook
File size:	9 MB

About the Author

Felix I. Lessambo is an Associate Professor at Central Connecticut State University’s School of Business where he teaches Financial Statements Analysis and Global Financial Reporting. He has practiced international tax, transfer pricing, and alternative investment management groups where he structured and advised on hedge funds and private equity cross-border transactions. He is the author of several books in finance, including The International Banking System, The International Corporate Governance System, International Financial Institutions and Their Challenges, International Aspects of the US Taxation System, Audit-Assurance Services&Forensics, and Financial Statements: Analysis and Reporting.

Table of Contents

Part 1. Overview of Financial Statements and the Statement of Position.- Chapter 1. Overview of Financial Statements.- Chapter 2. Cash and Cash Equivalents.- Chapter 3. Short-Term Assets: Inventories.- Chapter 4. Account Receivables.- Chapter 5. Pre-Paid Expenses, Unearned Income and Other Current Assets.- Chapter 6. Short-Term Liabilities and Working Capital.- Chapter 7. Long-Term Assets: Plant, Property and Equipment.- Chapter 8. Long Term Assets: Intangibles.- Chapter 9. Long-Term Liabilities: Leases.- Chapter 10. Long-Term Liabilities: Pension and Post-Retirement Liabilities.- Chapter 11. Shareholders’ Equity.- Part 2. The Statement of Income.- Chapter 12. Analysis of the Statement of Income.- Chapter 13. Other Comprehensive Income.- Chapter 14. The Sub-Statement of Retained Earnings.- Chapter 15. The Computation of the Taxable Income.- Part 3. The Statement of Cash Flows and Financial Ratios.- Chapter 16. Analysis of the Statements of Cash Flows.- Chapter 17. Financial Ratios Analysis.-  Part 4. Pro-Forma Financial Statements.- Chapter 18. Forecasting Financial Statements’ Analysis.- Part 5. Consolidated Financial Statements.- Chapter 19. Foreign Currency Accounting.- Chapter 20. Consolidated Financial Statements.- Chapter 21. Segment and Intermediary Financial Statements.- Chapter 22. IFRS and GAAP.- Part 6. Case Study.- Chapter 23. Apple and Microsoft Case Study​.

What People are Saying About This

From the Publisher

“This book is a noteworthy addition to the field of accounting and finance. It is geared towards and suitable for those looking for and in need of a comprehensive and working knowledge of financial reporting. The subject matter is quite broad, incorporating much of the materials typically covered in the first 3-4 courses in the financial accounting curriculum, the analytic framework for financial statement analysis, and a detailed discussion of the global regulatory environment for financial reporting. An obvious benefit of the book is the comprehensiveness of the subject matter. Less obvious, but perhaps even more important benefits of the book, are i) the integration of the preparer and user perspectives for financial reporting; ii) the well-thought out organization of the vast amounts of materials, which will help students and readers understand how each detail fits into the whole; and iii) the consistent perspective/voice with which all the voluminous information is presented.” (Haim Mozes, Professor of Accounting and Taxation, Fordham University, Gabelli School of Business, USA)

“This is an outstanding roadmap to financial literacy for financial professionals, managers, and MBA students worldwide. It showcases the essential aspects of financial statements with clarity and precision. Well-written and highly illustrative, especially within the case study.” (Victor Petenkemani, MS, MBA, Interim Dean, Mercy College, School of Business, New York, USA)