دانلود کتاب Corporate financial reporting and analysis

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Cover Title Page Copyright About the Authors Contents 1 An Introduction to Financial Statements The Three Principal Financial Statements Other Items in the Annual Report Generally Accepted Accounting Principles: The Rules of the Game The Barriers to Understanding Financial Statements Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 1.1 Balance Sheet Terminology 1.2 Understanding Balance Sheet Relationships 1.3 Interpreting an Auditor’s Opinion Case Study: 1-1 Apple: An Introduction to Financial Statement Analysis 1-2 PepsiCo: Communicating Financial Performance Notes 2 The Balance Sheet and Income Statement A Further Look at the Balance Sheet Assets Liabilities Shareholders’ Equity A Further Look at the Income Statement Other Things You Should Know About the Balance Sheet and the Income Statement Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Appendix 2.1 The Mechanics of Financial Accounting: The Double-Entry System Key Terms and Concepts from the Appendix Key Lessons from the Appendix Problem 2.1 Preparing a Balance Sheet and an Income Statement Case Study 2-1 JanMar Fabrics: Preparing the Balance Sheet and Income Statement 3 A Brief Overview of GAAP and IFRS: The Framework for Financial Accounting The Core Principles of GAAP and IFRS The Key Qualitative Characteristics of Financial Information The Key Assumptions of Financial Information Modifying Conventions The Future of Financial Reporting Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions 4 Revenue Recognition Introduction The Five-Step Revenue Recognition Model Revenue-Recognition Controversies Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 4.1 Revenue Recognition at and After Time of Sale 4.2 Recognizing Revenue Over Time 4.3 Journal Entries for Gift Cards 4.4 Recognizing Revenue Over Time 4.5 Revenue Recognition in Different Types of Businesses Case Study: 4-1 Kiwi Builders, Ltd. 4-2 Revenue Recognition at Starbucks Corporation 4-3 Network Associates (McAfee): A Case of “Channel Stuffing” Notes 5 The Statement of Cash Flows Introduction The Reporting of Cash Flows from Operations Preparing the Statement of Cash Flows IFRS and the Statement of Cash Flows Analyzing the Statement of Cash Flows Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 5.1 Interpreting the Statement of Cash Flows 5.2 Adjustments on the Statement of Cash Flows 5.3 Preparing and Analyzing a Statement of Cash Flows 5.4 Interpreting the Role of Accounts Payable in Cash Flow from Operations 5.5 Manipulating the Statement of Cash Flows 5.6 Analysis of the Statement of Cash Flows 5.7 Cash Flow and Credit Risk 5.8 Preparing and Interpreting the Statement of Cash Flows Case Studies: 5-1 Blockbuster, Inc.: Movie Rentals, Profits, and Operating Cash 5-2 Monahan Manufacturing: Preparing and Interpreting a Statement of Cash Flows 5-3 A Tale of Three Companies: Cash Flows at Sun Microsystems, Wal-Mart, and Merck 5-4 Inditex: Analyzing the Statement of Cash Flows Notes 6 Financial Statement Analysis Introduction Business and Industry Analysis Accounting Analysis Financial Analysis Dupont Analysis ROE and the Analysis of Financial Risk Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Appendix 6.1 An Industry and Competitive Analysis of Taiwan Semiconductor Manufacturing Company (TSMC) Appendix 6.2 Summary of Financial Statement Ratios Problems: 6.1 Financial Statement Detective Exercise 6.2 Effects of Transactions on Selected Balance Sheet Figures 6.3 Calculating and Interpreting PP&E Turnover Ratios 6.4 Financial Statement Detective Exercise in the Pharmaceutical Industry 6.5 Comprehensive Financial Ratio Analysis 6.6 Profitability Analysis for The Home Depot 6.7 Comparative Analysis of Receivables and Inventories Case Studies: 6-1 Profitability Analysis and WalMart’s Suppliers 6-2 LVMH and Warnaco: Strategy and Financial Statement Analysis Notes 7 Business Valuation and Financial Statement Analysis Valuation Principles Valuation: From Theory to Practice The Economic Profit Approach to Valuation A Case Study in Valuation: TSMC A Brief Word on Growth Rates Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 7.1 Estimating the Value of The Home Depot 7.2 Explaining Differences in P/E Ratios 7.3 Explaining Differences in P/E Ratios Case Study: 7-1 Valuation Based on Discounted Cavsh Flows: The Case of Vardon Golf Ltd Notes 8 Accounting for Receivables and Bad Debts Introduction Estimating Bad Debts Writing-off Accounts The Direct Method: An Alternative Approach What Happens When Written-off Accounts Are Later Collected? The “Aging” of Accounts Receivable Sales Returns and Allowances Analyzing Receivables Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Appendix 8.1 Accounting for Loan Loss Reserves Problems: 8.1 Bad Debts on Loans Receivable 8.2 Determining Bad Debt Expense from an Aging Schedule 8.3 Analyzing Receivables and the Allowance for Doubtful Accounts 8.4 Provisions for Credit Losses Case Studies: 8-1 Receivables and Bad Debts at Toyota 8-2 Johnson Perry 8-3 Citigroup Inc.: Accounting for Loan Loss Reserves Notes 9 Accounting for Inventory Introduction Inventory Valuation: LIFO, FIFO, and the Rest The Lower of Cost or Net Realizable Value Rule The Cost-flow Assumptions: An Example Inventory Cost-flow Assumptions: A Summary Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 9.1 Calculating Inventory Under the FIFO and Average-cost Methods 9.2 Inventories and Ratio Analysis 9.3 Correcting Inventory Errors 9.4 The Lower of Cost or Net Realizable Value Rule 9.5 Calculating Cost of Goods Sold Under FIFO and Specific Identification Case Studies: 9-1 LIFO Accounting at Tamar Chemicals 9-2 Deere and CNH Global: Performance Effects of Inventory Accounting Choice Notes 10 Accounting for Property, Plant, and Equipment Introduction Initial Recognition of PP&E Subsequent Expenditures: Repair or Improvement? Accounting for Depreciation Changes in Depreciation Estimates or Methods Asset Impairment Fair Value vs. Historical Cost Divestitures and Asset Sales Intangible Assets Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems 10.1 Comparing the Effects of Depreciation Choice on Financial Ratios 10.2 Analyzing Depreciation on PP&E 10.3 Calculating and Analyzing Amortization Expense 10.4 Calculating Depreciation Expense 10.5 Effects of Changes in Estimates on Depreciation Expense 10.6 Interpreting Disclosures for Property, Plant, and Equipment 10.7 Capitalizing or Expensing Costs 10.8 Journal Entries for Depreciation and Amortization Expense 11 Leases and Off-Balance-Sheet Debt Introduction Leasing Accounting Before 2018: Capital vs. Operating Leases Accounting for Capital Leases Accounting for Operating Leases Lease Accounting: An Example Interpreting Lease Disclosures Off-Balance-Sheet Debt Recent Developments in Lease Accounting Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problem: 11.1 The Financial Reporting Effects of Selling Receivables Case Studies: 11-1 Lease Accounting at Metro AG 11-2 Pennzoil-Quaker State and the Sale of Receivables 11-3 Executory Contracts Note 12 Accounting for Bonds Introduction Accounting for Bond Issuance Accounting for Bonds Sold at Par Accounting for Bonds Sold at a Premium Bond Redemption Before Maturity Accounting for Bonds Issued at a Discount Zero-Coupon Bonds Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 12.1 Journal Entries and Balance Sheet Presentation for Bonds 12.2 Amortization of Bond Discount and Premium 12.3 Journal Entries for Bond Issuance and Subsequent Interest Payments 13 Provisions and Contingencies Introduction Defining Provisions Measuring the Provision Disclosure of Provisions: Interpreting the Notes Contingent Liabilities Contingent Assets Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 13.1 Accounting for Warranties 13.2 Analyzing and Interpreting Disclosures on the Provision for Warranties Case Studies: 13-1 Accounting for Contingent Assets: The Case of Cardinal Health 13-2 Firestone Tire and Rubber Company (A) 13-3 Firestone Tire and Rubber Company (B) Notes 14 Accounting for Pensions Introduction A Brief Word on Defined Contribution Plans Unfunded Defined Benefit Plans Funded Defined Benefit Plans American Airlines: An Example of Defined Benefit Plan Disclosure Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Case Study: 14-1 Comprehensive Pension Review Problem: Cathay Pacific Note 15 Accounting for Income Tax Introduction Temporary and Permanent Differences Deferred Taxes and the Balance Sheet Approach The Balance Sheet Approach: An Example Interpreting Income Tax Disclosures: The Case of Intel Corporation Why Deferred Income Tax is Important Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 15.1 Calculating Temporary and Permanent Differences 15.2 Interpreting Income Tax Disclosures 15.3 Deferred Income Taxes and the Statement of Cash Flows Case Study: 15-1 Deferred Tax Assets and the Valuation Allowance: The Case of Ford Motor Company Notes 16 Accounting for Shareholders’ Equity Introduction Shareholders’ Equity: An Introduction More on Contributed Capital Accounting for Stock Transactions Dividends on Common Stock Stock Dividends and Stock Splits Accumulated Other Comprehensive Income Convertible Bonds The Statement of Shareholders’ Equity Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 16.1 Effect of Selected Transactions on Net Income and Shareholders’ Equity 16.2 Share Buybacks 16.3 The Financial Statement Effects of Dividend Payments and Buybacks 16.4 The Accounting and Economic Consequences of Stock Splits and Stock Dividends Case Studies: 16-1 Stock Options, Stock Dividends, and Stock Splits 16-2 Share Buybacks: Economic Rationale and Financial Reporting Effects 16-3 The Accounting for Convertible Bonds 16-4 Why Do Companies Buy Back Their Own Shares? The Case of the Scomi Group Notes 17 Investments Introduction Investments at Microsoft Debt and Passive Equity Investments The Fair Value Hierarchy Equity Method A Further Look at Microsoft’s Investments Consolidation Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 17.1 Classification of Long-Term Investments 17.2 The Effect of Transaction Cost on Marketable Securities and Investments 17.3 Journal Entries and Analysis Under the Equity Method 17.4 Review Problem 17.5 Mark-to-Market Accounting for Trading Securities 17.6 The Equity Method and the Statement of Cash Flows Case Studies: 17-1 Stora Enso: Accounting for Investments 17-2 Coca-Cola and Coca-Cola Enterprises: The Equity Method in Practice Notes 18 Accounting for Mergers and Acquisitions Introduction Purchase Price/Cost of Acquisition Contingent Consideration Recognition and Measurement of Identifiable Assets Subsequent Adjustments to Acquired Assets and Liabilities Goodwill Impairment Noncontrolling Interest Key Lessons from the Chapter Key Terms and Concepts from the Chapter Questions Problems: 18.1 Journal Entry for an Acquisition 18.2 Analysis of an Acquisition 18.3 Accounting for an Acquisition: Carrefour and BLC (China) 18.4 Business Combinations at Tesco 18.5 AB InBev acquires SABMiller Appendix: Tables for Present Value and Future Value Factors Index EULA