Corporate Financial Reporting and Analysis
3rd Edition
Published on 6. May 2013
Book
Paperback/Softback
480 pages
978-1-118-47055-8 (ISBN)
Unfortunately, price unknown
Article is exhausted; no reprint
Description
The authors chose the term 'global' for the book's title to convey the idea that the book is truly global in its coverage. What distinguishes this book from others in financial accounting and corporate financial reporting is the seamless way it approaches the world's two dominant accounting regimes: US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS). The tendency in the field is to present the material from a US GAAP perspective, with some discussion, usually at the end of the chapter, on financial reporting practices under IFRS and how they might differ from those of GAAP on the chapter topic. Or, when the book is written from an IFRS perspective, US GAAP is ignored entirely. The problem with this latter approach is that at least 40% of the world's total stock market capitalization is accounted for by companies reporting under US GAAP. Meanwhile, more than half is accounted for by IFRS. Investors in the global capital markets cannot neglect either of these two approaches. The world will have one dominant accounting regime some day, but for the foreseeable future, we are left with two distinctive, though increasingly overlapping, sets of standards. The challenge is to integrate these approaches in such a way that critical differences are addressed, but in a way that is accessible to the reader.
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Persons
S. David Young is Professor of Accounting & Control at INSEAD, where he has been since 1989. He holds a PhD from the University of Virginia and is both a Certified Public Accountant (USA) and a Chartered Financial Analyst. His primary areas of expertise are corporate financial reporting and value based management, with works published in a wide variety of academic and professional journals, including Harvard Business Review, Journal of Investing and the Journal of Applied Corporate Finance.
Professor Young is the author or co-author of several books, including EVA and Value Based Management: A Practical Guide to Implementation (McGraw-Hill, 2001), Profits You Can Trust: Spotting and Surviving Accounting Landmines (Financial Times Prentice Hall, 2003), and Attracting Investors: A Marketing Approach to Finding Funds for Your Business (John Wiley & Sons, 2004). His most recent book project is titled Blue Line Management: What Managing for Value Really Means, which should appear in the first half of 2012.
Professor Young is also the recipient of several Outstanding Teaching Awards from the INSEAD MBA program, and the Distinguished Alumni Scholar Award from his undergraduate alma mater, The George Washington University. He has consulted extensively for companies in Europe, the U.S. and Asia, mainly on issues related to value based management and financial analysis.
Professor Jake Cohen teaches courses in Financial and Managerial Accounting, Financial Statements Analysis, Mergers & Acquisitions, Corporate Restructurings, and Business Law at both INSEAD's Singapore and Fontainebleau campuses.
Prior to joining INSEAD, Professor Cohen was a Senior Teaching Fellow in the Accounting & Control group at the Harvard Business School, where he was a founding member and an accounting professor in the Analytics Program, and a Professor at the Harvard Extension School and Harvard Summer School in Cambridge Massachusetts. At Harvard, Professor Cohen was recognized for outstanding teaching.
Prior to teaching at Harvard for four years, he taught at Syracuse University as an assistant professor and was named 'Professor of the Year' and was selected as the graduation keynote speaker for the school's commencement ceremony. Professor Cohen currently sits on the Syracuse University Accounting Department's Advisory Board.
Professor Cohen received a Bachelors of Science degree in Accounting from Lehigh University, where he graduated with honors, a Master of Sciences degree in Accounting from Syracuse University, where he also graduated with honors, and a Juris Doctor degree in Law from Syracuse University, while on full academic scholarship. Professor Cohen also completed six executive certificates at the Harvard Business School in: Corporate Restructuring, Private Equity, Venture Capital, Financial Innovations, Valuation, and International Managerial Finance.
Prior to his academic career, Professor Cohen worked as a tax accountant at KPMG LLP in Philadelphia and as a mergers & acquisition consultant for PricewaterhouseCoopers LLP in New York City.
Professor Young is the author or co-author of several books, including EVA and Value Based Management: A Practical Guide to Implementation (McGraw-Hill, 2001), Profits You Can Trust: Spotting and Surviving Accounting Landmines (Financial Times Prentice Hall, 2003), and Attracting Investors: A Marketing Approach to Finding Funds for Your Business (John Wiley & Sons, 2004). His most recent book project is titled Blue Line Management: What Managing for Value Really Means, which should appear in the first half of 2012.
Professor Young is also the recipient of several Outstanding Teaching Awards from the INSEAD MBA program, and the Distinguished Alumni Scholar Award from his undergraduate alma mater, The George Washington University. He has consulted extensively for companies in Europe, the U.S. and Asia, mainly on issues related to value based management and financial analysis.
Professor Jake Cohen teaches courses in Financial and Managerial Accounting, Financial Statements Analysis, Mergers & Acquisitions, Corporate Restructurings, and Business Law at both INSEAD's Singapore and Fontainebleau campuses.
Prior to joining INSEAD, Professor Cohen was a Senior Teaching Fellow in the Accounting & Control group at the Harvard Business School, where he was a founding member and an accounting professor in the Analytics Program, and a Professor at the Harvard Extension School and Harvard Summer School in Cambridge Massachusetts. At Harvard, Professor Cohen was recognized for outstanding teaching.
Prior to teaching at Harvard for four years, he taught at Syracuse University as an assistant professor and was named 'Professor of the Year' and was selected as the graduation keynote speaker for the school's commencement ceremony. Professor Cohen currently sits on the Syracuse University Accounting Department's Advisory Board.
Professor Cohen received a Bachelors of Science degree in Accounting from Lehigh University, where he graduated with honors, a Master of Sciences degree in Accounting from Syracuse University, where he also graduated with honors, and a Juris Doctor degree in Law from Syracuse University, while on full academic scholarship. Professor Cohen also completed six executive certificates at the Harvard Business School in: Corporate Restructuring, Private Equity, Venture Capital, Financial Innovations, Valuation, and International Managerial Finance.
Prior to his academic career, Professor Cohen worked as a tax accountant at KPMG LLP in Philadelphia and as a mergers & acquisition consultant for PricewaterhouseCoopers LLP in New York City.
Content
Chapter 1 - An Introduction to Financial Statements
Chapter 2 - The Balance Sheet and Income Statement
Chapter 3 - A Brief Overview of GAAP and IFRS: The Framework for Financial Accounting
Chapter 4 - Revenue Recognition
Chapter 5 - The Statement of Cash Flows
Chapter 6 - Financial Statement Analysis
Chapter 7 - Business Valuation and Financial Statement Analysis
Chapter 8 - Accounting for Receivables and Bad Debts
Chapter 9 - Accounting for Inventory
Chapter 10 - Accounting for Property, Plant and Equipment
Chapter 11 - Leases and Off-Balance-Sheet Dept
Chapter 12 - Accounting for Bonds
Chapter 13 - Provisions and Contingencies
Chapter 14 - Accounting for Pensions
Chapter 15 - Accounting for Income Tax
Chapter 16 - Accounting for Shareholders' Equity
Chapter 17 - Accounting for Marketable Securities and Investments
Chapter 18 - Accounting for Mergers and Acquistions
Appendix - Tables for Present Value and Future Value Factors