Featuring a strong decision making approach, this book provides excellent diversity in cases, International Accounting Standards Board updates, and covers the latest FASB standards. End of chapters problems allow students to exercise the concepts demonstrated in each chapter.
This text covers the ways in which corporate financial statements influence the economic system. It considers the consequences of these data for those dependent on their credibility, as well as the methods used by competent statement users to interpret the data. The role of the auditor in corporate financial reporting issues is examined, as are basic financial statement analysis and the analysis of income. This edition includes expanded coverage of special financial reporting issues, long-term financial reporting and asset and expense reporting. Income and stockholders equity are also considered, and there are Harvard Cases throughout the text.