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Interpreting Company Reports

Interpreting Company Reports

10th Edition

Geoffrey Holmes, Alan Sugden, Paul Gee

May 2008, Paperback, 336 pages
ISBN13: 9780273711414
ISBN10: 0273711415
For orders to USA, Canada, Australia, New Zealand or Japan visit your local Pearson website
 
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Interpreting Company Reports and Accounts guides the reader through the conventions and complexities of company accounts, explaining how to assess the financial and trading position of a company from year to year, how to spot undue risk taking and ‘‘cosmetic accounting’’ and where to look for clues on the quality of management.

Packed with interesting real world examples, this is a highly practical book which shows readers how to analyse company reports and accounts, both qualitatively and quantitatively. The analysis is illustrated with over 200 extracts/examples from published accounts

Preface

Publisher's acknowledgements

Chapter 1 - Overview of the regulatory scene

Chapter 2 - International Financial Reporting Standards (IFRS) overview

Chapter 3 - Accounting principles

Chapter 4 - The annual report

Chapter 5 - Chairman's statement and the operating and financial review

Chapter 6 - Corporate governance and the auditors' report

Chapter 7 - The profit and loss account: overall structure

Chapter 8 - The profit and loss account: turnover and revenue recognition

Chapter 9 - The profit and loss account: further disclosure areas

Chapter 10 - The profit and loss account: interpretation, ratio analysis, segmental analysis and earnings per share

Chapter 11 - Equity statements, dividends and prior period adjustments

Chapter 12 - Balance sheet: an introduction

Chapter 13 - Tangible fixed assets

Chapter 14 - Intangible fixed assets

Chapter 15 - Fixed asset investments

Chapter 16 - Stocks and long-term contracts

Chapter 17 - Debtors and other receivables

Chapter 18 - Current asset investments; cash at bank and in hand

Chapter 19 - Creditors and provisions

Chapter 20 - Tax in the balance sheet

Chapter 21 - Bank loans and overdrafts

Chapter 22 - Loan capital

Chapter 23 - Derivatives and other financial instruments

Chapter 24 - Equity share capital and reserves

Chapter 25 - Balance sheet disclosures

Chapter 26 - Cash flow statements

Chapter 27 - Financial Reporting for SMEs (small and medium-sized entities)

Chapter 28 - Group accounts, acquisitions and mergers

Chapter 29 - Joint ventures, associates and foreign operations

Chapter 30 - Historical summaries, ratios and trends

Chapter 31 - Inflation

Chapter 32 - Half-yearly reports (Interim reports)

Chapter 33 - UK GAAP and IFRS compared

Chapter 34 - Adopting IFRS for the first time

Chapter 35 - Putting it all together

Appendix 1 UK GAAP: Current Financial Reporting Standards and Exposure Drafts

Appendix 2 International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS)

Appendix 3 Useful website addresses

Appendix 4 Present value

Appendix 5 Retail Price Indices since 1950

Index

  • Key points from company accounts are highlighted and explained throughout the book.
  • Each topic chapter examines the implications of adopting IFRS
  • The chapter 'Putting it all together' takes readers step by step through the reports, accounts and press cuttings of an AIM company.
  • The authors comment as well as inform - previous editions highlighted the serious weaknesses of both Polly Peck and Maxwell Communications Corporation well ahead of their collapse.