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
