Instant download Solution Manual for Corporate Financial Reporting and Analysis: A Global Perspective, 4th Edition by S. David Young, Jacob Cohen, Daniel A. Bens pdf docx epub after payment.
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Two decades of classroom testing among INSEAD MBA students has honed this text to provide the clearest, most comprehensive model for financial statement interpretation and analysis; a concise, logically organized pedagogical framework includes problems, discussion questions, and real-world case studies that illustrate applications and current practices, and in-depth examination of key topics clarifies complex concepts and builds professional intuition. With insightful coverage of revenue recognition, inventory accounting, receivables, long-term assets, M&A, income taxes, and other principle topics, this book provides both education and ongoing reference for MBA students.
Table Of Contents:
1 An Introduction to Financial Statements 1
The Three Principal Financial Statements, 2
Other Items in the Annual Report, 9
Generally Accepted Accounting Principles: The Rules of the Game, 12
The Barriers to Understanding Financial Statements, 12
Key Lessons from the Chapter, 14
Key Terms and Concepts from the Chapter, 15
Questions, 15
Problems: 15
1.1 Balance Sheet Terminology, 15
1.2 Understanding Balance Sheet Relationships, 16
1.3 Interpreting an Auditor’s Opinion, 16
Case Studies: 17
1-1 Apple: An Introduction to Financial Statement Analysis, 17
1-2 Pepsico: Communicating Financial Performance, 20
Notes, 23
2 The Balance Sheet and Income Statement 24
A Further Look at the Balance Sheet, 24
Assets, 25
Liabilities, 27
Shareholders’ Equity, 28
A Further Look at the Income Statement, 29
Other Things You Should Know About the Balance Sheet and the Income Statement, 30
Key Lessons from the Chapter, 32
Key Terms and Concepts from the Chapter, 33
Questions, 33
Appendix 2.1 The Mechanics of Financial Accounting: The Double-Entry System, 33
Key Terms and Concepts from the Appendix, 42
Key Lessons from the Appendix, 42
Problem: 42
2.1 Preparing a Balance Sheet and an Income Statement, 42
Case Study: 43
2-1 JanMar Fabrics: Preparing the Balance Sheet and Income Statement, 43
3 A Brief Overview of GAAP and IFRS: The Framework for Financial Accounting 45
The Core Principles of GAAP and IFRS, 45
The Key Qualitative Characteristics of Financial Information, 47
The Key Assumptions of Financial Information, 48
Modifying Conventions, 48
The Future of Financial Reporting, 49
Key Lessons from the Chapter, 50
Key Terms and Concepts from the Chapter, 51
Questions, 51
4 Revenue Recognition 52
Introduction, 52
The Five-Step Revenue Recognition Model, 52
Revenue-Recognition Controversies, 65
Key Lessons from the Chapter, 68
Key Terms and Concepts from the Chapter, 68
Questions, 68
Problems: 68
4.1 Revenue Recognition at and After Time of Sale, 68
4.2 Recognizing Revenue Over Time, 69
4.3 Journal Entries for Gift Cards, 69
4.4 Recognizing Revenue Over Time, 69
4.5 Revenue Recognition in Different Types of Businesses, 69
Case Studies: 70
4-1 Kiwi Builders, Ltd., 70
4-2 Revenue Recognition at Starbucks Corporation, 70
4-3 Network Associates (McAfee): A Case of “Channel Stuffing”, 77
Notes, 79
5 The Statement of Cash Flows 80
Introduction, 80
The Reporting of Cash Flows from Operations, 80
Preparing the Statement of Cash Flows, 82
IFRS and the Statement of Cash Flows, 90
Analyzing the Statement of Cash Flows, 90
Key Lessons from the Chapter, 94
Key Terms and Concepts from the Chapter, 94
Questions, 95
Problems: 95
5.1 Interpreting the Statement of Cash Flows, 95
5.2 Adjustments on the Statement of Cash Flows, 95
5.3 Preparing and Analyzing a Statement of Cash Flows, 97
5.4 Interpreting the Role of Accounts Payable in Cash Flow from Operations, 97
5.5 Manipulating the Statement of Cash Flows, 98
5.6 Analysis of the Statement of Cash Flows, 98
5.7 Cash Flow and Credit Risk, 99
5.8 Preparing and Interpreting the Statement of Cash Flows, 100
Case Studies: 100
5-1 Blockbuster Inc.: Movie Rentals, Profits, and Operating Cash, 100
5-2 Monahan Manufacturing: Preparing and Interpreting a Statement of Cash Flows, 107
5-3 A Tale of Three Companies: Cash Flows at Sun Microsystems,Wal-Mart, and Merck, 108
5-4 Inditex: Analyzing the Statement of Cash Flows, 110
Notes, 114
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