Understanding Financial Reporting Standards A Non Technical Guide

Author : Roger Hussey,Audra Ong
Publisher : World Scientific
Page : 412 pages
File Size : 44,6 Mb
Release : 2023-10-25
Category : Business & Economics
ISBN : 9789811275555

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Understanding Financial Reporting Standards: A Non-technical Guide by Roger Hussey,Audra Ong Pdf

If you want to understand the regulations and practices of financial accounting and reporting, this is the book for you! The authors of this book have developed a unique set of material on corporate financial reporting based on their collective years of teaching experience. In this book, they explain, in non-technical language, the financial information that companies are required to provide.What are companies? Why are they formed? Companies are not charities but are formed to provide a good income to their shareholders by selling us goods and services. Large companies in the UK are mostly known as Public Limited Companies (PLCs). There are about 2,000 PLCs in the London Stock Exchange. But do we understand these companies' objectives and activities? We can do so by examining the financial information they provide publicly in their annual financial reports.To be able to examine the financial statements issued by companies, you need to understand the regulations issued by the International Accounting Standards Board (IASB). This book explains the requirements of Financial Reporting Standards. Guidance on the disclosure requirements and examples from companies' financial reports are also provided and explained. Many of these company names are synonymous with our everyday lives. Think about Cadbury Chocolate, Unilever, Diageo, Shell, Boots. It is difficult to conceive our lives without their products and services. The explanation and guidance provided in this book will allow you to understand fully the operations of such companies. This is vital knowledge if you intend to do business with the companies, buy their products and services or find employment with them.

Author : Roger Hussey,Audra Ong
Publisher : Business Expert Press
Page : 132 pages
File Size : 44,9 Mb
Release : 2019-11-08
Category : Business & Economics
ISBN : 9781946646873

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A Non-Technical Guide to International Accounting by Roger Hussey,Audra Ong Pdf

Business has become more international and more complex. Whether you are a manager, a student, or someone generally interested in corporate financial information, you want information and you want to understand that information. Companies in all countries are required to generate financial information, if for no other reason than to settle their tax obligations. If you are interested in the larger companies, such as those listed on a stock exchange, they must make financial information public, and the nature and type of that information is strictly regulated. Companies must comply with accounting standards. Many countries use the International Accounting Standards issued by the IFRS Foundation. This is a not-for-profit international organization that has developed a single set of high-quality global accounting standards. These standards can be complex, but this book explains clearly the main requirements.

Author : Alan Melville
Publisher : Pearson UK
Page : 597 pages
File Size : 51,7 Mb
Release : 2019-05
Category : Business & Economics
ISBN : 9781292293141

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International Financial Reporting by Alan Melville Pdf

'International Financial Reporting' delivers a focused, user-friendly introduction to international financial reporting and how to implement the IASB standards for undergraduate students. With more than 140 countries in the world now using international financial reporting standards (IFRSr Standards), knowledge of the standards issued by the International Accounting Standards Board (IASBr) is vital to students' success in financial accounting. Melville's International Financial Reporting employs a practical, applied approach in exploring and explaining the key international standards. With a focus on how to implement the standards, this text delivers a focused, user-friendly introduction to international financial reporting. Renowned for clear and concise language, this seventh edition brings the book completely up-to-date with international standards issued as of 1 January 2019.

Author : Hennie van Greuning
Publisher : World Bank Publications
Page : 312 pages
File Size : 46,7 Mb
Release : 2005
Category : Business & Economics
ISBN : 082135910X

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International Financial Reporting Standards by Hennie van Greuning Pdf

Formerly titleInternational Accounting Standards: A Practical Guide, this third edition summarizes each International Financial Report Standard in order to provide a broad and basic understanding of the key issues for each standard. In addition to these short summaries, each chapter contains a case study that stresses the practical application of key concepts in a particular standard. This provides the non-technical reader with the tools to participate in discussions on the appropriateness and application of a standard to a given situation. All of the accounting standards, issued by the International Accounting Standards Committee (IASC) are included in this book, as well as interpretations disseminated by the Standards Interpretations Committee (SIC) through 31 December 2003.

Author : Jimmy Winfield,Jimmy (Associate Professor Winfield, Associate Professor University of Cape Town),Mark (Associate Professor Graham, Associate Professor University of Cape Town),Taryn (Senior Lecturer Miller, Senior Lecturer University of Cape Town)
Publisher : Unknown
Page : 474 pages
File Size : 42,8 Mb
Release : 2021-03
Category : Electronic
ISBN : 9780198847274

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Understanding Financial Accounting by Jimmy Winfield,Jimmy (Associate Professor Winfield, Associate Professor University of Cape Town),Mark (Associate Professor Graham, Associate Professor University of Cape Town),Taryn (Senior Lecturer Miller, Senior Lecturer University of Cape Town) Pdf

Focusing on the content that will benefit business and management students, and featuring a wealth of global examples from real businesses, the authors enable students to unpick and analyze financial statements with confidence.

Author : Roger Hussey,Audra Ong
Publisher : John Wiley & Sons
Page : 398 pages
File Size : 41,9 Mb
Release : 2005-04-22
Category : Business & Economics
ISBN : 9780471727156

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International Financial Reporting Standards Desk Reference by Roger Hussey,Audra Ong Pdf

"This book is written by authors who clearly understand the challenges facing all who seek to understand and apply international standards. I recommend it to you." —From the Foreword by Sir David Tweedie Chair of the International Accounting Standards Board In this defining resource, authors Roger Hussey and Audra Ong have compiled everything accountants, executives, and organizations in different countries need to reach agreement on accounting rules and standards. International Financial Reporting Standards Desk Reference includes a background on how the movement toward a common language for international accounting evolved to its present state, summarizes existing standards highlighting the key issues covered, and captures those terms and phrases that are fundamental to an understanding of the common language of global business. Written to help readers fully comprehend this global language, International Financial Reporting Standards Desk Reference includes: An overview of the International Accounting Standards (IAS) and Inter-national Financial Reporting Standards (IFRS) and their impact A dictionary of words and phrases used in the international business world, with a strong emphasis on terms used by the International Accounting Standards Board History of the International Accounting Standards Board: how it was formed, its structure, and the way it operates Insights on future trends of the International Accounting Standards Board

Author : John A. Tracy,Tage C. Tracy
Publisher : John Wiley & Sons
Page : 138 pages
File Size : 48,9 Mb
Release : 2020-01-30
Category : Business & Economics
ISBN : 9781119606482

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How to Read a Financial Report by John A. Tracy,Tage C. Tracy Pdf

The updated new edition of the comprehensive guide to reading and understanding financial reports Financial reports are used to provide a range of vital information, including an organization’s cash flow, financial condition, and profit performance (aka The Big Three Financial Statements). Financial statements are often complex and extremely difficult to understand for anyone other than accounting and finance professionals. How to Read a Financial Report enablesinvestors, lenders, business leaders, analysts, and managers to read, analyze, and interpret financial accounting reports. Designed specifically for non-specialists, this reader-friendly resource covers the fundamentals of financial reporting in jargon-free English. Topics such as sales revenue & recognition, costs of goods sold, sources & uses of capital/cash, non-cash expenses (e.g., depreciation expense), income tax obligations, understanding profits & financial stability, and financial statement ratios & analysis are covered throughout the book. Now in its ninth edition, this bestselling guide has been thoroughly revised to reflect changes in accounting and financial reporting rules, current practices, and recent trends. New and expanded content explains managing cash flow, illustrates the deceitful misrepresentation of profits in some financial reports (aka Financial Engineering), and more. Further, end-of-chapter activities help readers learn the intricacies of the balance sheet and cash flow statement, while updated sections address shifts in regulatory standards. Written by two highly experienced experts in financial accounting, this resource: Enables readers to cut through the noise and focus on what financial reports and financial statements are really saying about a company Clarifies commonly misunderstood aspects of financial reporting and how companies can “financially engineer” operating results Offers comprehensive, step-by-step guidance on analyzing financial reports Provides numerous examples and explanations of various types of financial reports and analysis tools

Author : Hennie van Greuning,Marius Koen
Publisher : World Bank Publications
Page : 188 pages
File Size : 40,5 Mb
Release : 2001-01-01
Category : Business & Economics
ISBN : 0821349996

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International Accounting Standards by Hennie van Greuning,Marius Koen Pdf

Now in its second edition, this publication gives readers a broad and basic understanding of the key issues for each International Accounting Standard. It summarizes each standard, providing a quick reference for managers and executives in the private and public sectors who may not have a strong background in accounting. Each chapter also contains a case study that illustrates the practical application of key concepts in a particular standard. This gives the non-technical reader the tools to participate in discussions on the appropriateness or application of a standard in a given situation. The reader can also evaluate the effect that applying a given standard will have on the financial results and position of a division or an entire enterprise.

Author : Martin S. Fridson,Fernando Alvarez
Publisher : John Wiley & Sons
Page : 405 pages
File Size : 48,5 Mb
Release : 2011-06-01
Category : Business & Economics
ISBN : 9781118064207

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Financial Statement Analysis by Martin S. Fridson,Fernando Alvarez Pdf

The updated, real-world guide to interpreting and unpacking GAAP and non-GAAP financial statements In Financial Statement Analysis, 5th Edition, leading investment authority Martin Fridson returns with Fernando Alvarez to provide the analytical framework you need to scrutinize financial statements, whether you’re evaluating a company’s stock price or determining valuations for a merger or acquisition. Rather than taking financial statements at face value, you’ll learn practical and straightforward analytical techniques for uncovering the reality behind the numbers. This fully revised and up-to-date 5th Edition offers fresh information that will help you to evaluate financial statements in today’s volatile markets and uncertain economy. The declining connection between GAAP earnings and stock prices has introduced a need to discriminate between instructive and misleading non-GAAP alternatives. This book integrates the alternatives and provides guidance on understanding the extent to which non-GAAP reports, particularly from US companies, may be biased. Understanding financial statements is an essential skill for business professionals and investors. Most books on the subject proceed from the questionable premise that companies' objective is to present a true picture of their financial condition. A safer assumption is that they seek to minimize the cost of raising capital by portraying themselves in the most favorable light possible. Financial Statement Analysis teaches readers the tricks that companies use to mislead, so readers can more clearly interpret statements. Learn how to read and understand financial statements prepared according to GAAP and non-GAAP standards Compare CFROI, EVA, Valens, and other non-GAAP methodologies to determine how accurate companies’ reports are Improve your business decision making, stock valuations, or merger and acquisition strategy Develop the essential skill of quickly and accurately gathering and assessing information from financial statements of all types Professional analysts, investors, and students will gain valuable knowledge from this updated edition of the popular guide. Filled with real-life examples and expert advice, Financial Statement Analysis, 5th Edition, will help you interpret and unpack financial statements.

Author : Hennie van Greuning,Darrel Scott,Simonet Terblanche
Publisher : World Bank Publications
Page : 452 pages
File Size : 50,5 Mb
Release : 2011
Category : Business & Economics
ISBN : 9780821385555

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International Financial Reporting Standards by Hennie van Greuning,Darrel Scott,Simonet Terblanche Pdf

This title gives private or public sector executives, managers, and financial analysts without a strong background in accounting the tools they need to participate in discussions and decisions on the appropriateness or application of International Financial Reporting Standards.

Author : HENNIE VAN GREUNING,DARRELL SCOTT,SIMONET TERBLANCHE
Publisher : Unknown
Page : 128 pages
File Size : 52,8 Mb
Release : 2011-01-31
Category : Electronic
ISBN : 082138595X

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INTERNATIONAL FINANCIAL REPORTING STANDARDS by HENNIE VAN GREUNING,DARRELL SCOTT,SIMONET TERBLANCHE Pdf

Author : David Alexander,Simon Archer
Publisher : CCH
Page : 756 pages
File Size : 47,9 Mb
Release : 2008-11
Category : Business & Economics
ISBN : 080809226X

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International Accounting/Financial Reporting Standards Guide 2009 by David Alexander,Simon Archer Pdf

Understanding reporting standards issued by the IASB is essential for those who prepare and/or interpret financial statements and are required to comply with the increasingly complex set of international accounting and financial reporting standards. The International Accounting/Financial Reporting Standards Guide is your survival handbook in today's global economy. It keeps you up-to-date on the latest general and industry-specific international reporting standards and the proposed changes on your immediate horizon that will most likely alter the way in which you must account for and disclose information.

Author : Steven M. Bragg
Publisher : John Wiley & Sons
Page : 0 pages
File Size : 54,6 Mb
Release : 2010-11-17
Category : Business & Economics
ISBN : 1118003640

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IFRS Made Easy by Steven M. Bragg Pdf

The definitive guide to all things IFRS IFRS Made Easy provides complete, easy-to-navigate coverage of all International Financial Reporting Standards (IFRSs) with concise explanations and hundreds of supporting examples. This reference tool goes anywhere you go-to a client's office, on a business trip, or to an important lunch meeting, with on-the-spot answers to any questions that arise. Practical, plain -language explanation of the international financial accounting and reporting standards Summarizes International Financial Reporting Standards Liberally sprinkled with definitions and examples Notes applicable IFRS source documents Written for every company struggling with the impact of convergence, IFRS Made Easy clearly explains how IFRS will impact your company, how you will need to account for various specific items, and more. This book is filled with practical techniques and rules of thumb for understanding the day-to-day IFRS issues every accountant, controller or CFO is sure to face-and puts all the answers you need at your fingertips.

Author : Mr. Rudy Wytenburg,Mr. Robin V Darbyshire,Ms. Anjeza Beja
Publisher : International Monetary Fund
Page : 145 pages
File Size : 52,7 Mb
Release : 2021-04-05
Category : Business & Economics
ISBN : 9781513563602

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A Central Bank's Guide to International Financial Reporting Standards by Mr. Rudy Wytenburg,Mr. Robin V Darbyshire,Ms. Anjeza Beja Pdf

About one-quarter of the world’s central banks apply IFRS with approximately a quarter more looking to IFRS for further guidance where their local standards do not provide enough guidance. Given the varied mandates and types of policy operations undertaken by central banks, there also exists significant variation in practice, style, and the extent of the financial disclosures in both the primary statements and in the note disclosures. By their nature, central banks are unique in their jurisdiction and so do not always have local practices and examples they can follow. Although the major accounting firms have created model disclosures intended for commercial banks, these are often not totally appropriate for a central bank. The application of IFRS across central banks differs based on the mandate of the central bank and the capacity of the accounting profession in the specific jurisdiction. An analysis of international practices, such as those undertaken in preparing these model statements, may help address questions about the structure of the statements themselves as well as the organization of the note disclosures. As a consequence, each central bank following IFRS has largely developed its own disclosures with only limited reference to others. Input from the external auditors has been significant, but some of this has been determined by the approach used by the specific auditor’s style for commercial banks rather than central banks. Auditors do not always fully appreciate the differences between a commercial bank and a central bank, which has a different role and undertakes transactions to meet its policy objectives. This has often led to an over emphasis of items not material in the context of a central bank and insufficient disclosures on operations or accountabilities specific to the functions of the central bank.

Author : Great Britain: H.M. Treasury
Publisher : The Stationery Office
Page : 152 pages
File Size : 52,6 Mb
Release : 2010-04-15
Category : Finance, Public
ISBN : 0115601414

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Government financial reporting manual 2010-11 by Great Britain: H.M. Treasury Pdf

Known as FReM. Ring binder available separately (ISBN 9780115601422). Also available with binder (ISBN 9780115601439)