Financial Reporting and AnalysisThe CPA exam is changing. You need to change as well...to a book that better prepares you for the CPA examandfor business. This is the only book of its kind that demonstrateshow to preparefinancial reports and thenhow to analyzewhat those numbers really mean.Every manager has incentives to present his or her firm in the most favorable light to lenders, equity investors and others. And, every manager wants to use the flexibility allowed by GAAP to manage the firm's earnings to achieve certain goals. Revsine, Collins, and Johnsonexplain these incentivesand help readers spot cases of earnings management, which disguises a firm's true performance.For anyone preparing to take the CPA exam, and for anyone who wants or needs a working knowledge of accounting, financial reporting, and financial statement analysis. |
Contents
Brief Contents EndofChapter material includes Exercises ProblemsDiscussion Questions and Cases Chapter 1 The Economic and Institutional Setting f... | 2 |
Epilogue to World Com | 3 |
Reporting | 8 |
Copyright | |
57 other sections not shown
Other editions - View all
Financial Reporting and Analysis Lawrence Revsine,Daniel W. Collins,W. Bruce Johnson No preview available - 2005 |
Financial Reporting and Analysis Katherene P. Terrell,Lawrence Revsine,Robert P. Terrell No preview available - 1998 |
Financial Reporting & Analysis Lawrence Revsine,Daniel W. Collins,W. Bruce Johnson No preview available - 1999 |
Common terms and phrases
accounts receivable accrual accrued adjustments AICPA ADAPTED amortization amount analysts annual Assume balance sheet benefit bonds book income book value capital lease carrying value company's components computed contract Corporation customers December 31 deferred tax deferred tax asset differences disclosure discount effect ending inventory equipment equity estimated example Exhibit expected fair value FASB FIFO financial reporting financial statements firms footnote forecasts free cash flow future GAAP gain gross profit hedge income statement income tax increase interest expense interest rate investment investors January journal entry Krispy Krispy Kreme lease payments lessee lessor LIFO LIFO reserve loan long-term debt loss method million NOPAT numbers operating cash flows operating lease pension expense pension plan period plan assets pre-tax present value purchase ratio recognized record Required revenue recognition selling service cost SFAS share shareholders sold swap tax expense tax rate taxable income Total transactions valuation