Corporate financial reporting : text and cases

Includes index

Part 1 The institutional setting and fundamental accounting concepts: the institutional setting and the development of financial reporting standards; fundamental accounting concepts and the conceptual framework. Part 2 The measurement and reporting of income, financial position and cash flows: revenue recognition, receivables and the income statement; the balance sheet; the statement of cash flows; corporate accountability and the independent auditor. Part 3 The measurement and reporting of assets: inventories and the cost of goods sold; marketable securities and intercorporate investments; noncurrent assets and amortization. Part 4 The measurement and reporting of liabilities: fundamental concepts in liability valuation and reporting; financial commitments and contingencies; pensions and other postretirement benefits; income taxes and business decisions. Part 5 The measurement and reporting of stockholders' equity: stockholders' equity. Part 6 Selected reporting and dislosure issues and assessing the quality of reported earnings and financial position: selected reporting and disclosure issues; assessing the quality of reported earnings and financial position.

CORPORATE FINANCIAL REPORTING is written for students who require an understanding of financial accounting and reporting issues, problems, and practices. It is appropriate for the second financial accounting course at the MBA level, often called Corporate Financial Reporting. Careful consideration is given to the management aspects associated with various financial reporting issues. Chapters blend issues, concepts, standards, and stakeholder interests to convey the complexities, controversies, and uncertainties inherent in the financial reporting process.