Financial Reporting and Statements : Books : biennaledibruges.comYou are currently using the site but have requested a page in the site. Would you like to change to the site? John Dunn , Margaret Stewart. Breaking away from the tradition of dealing with the technicalities of the regulation of financial reporting in a relatively unchallenging and uncritical way, this book focuses on the reasoning behind the rules. Affording sufficient detail on the application of standards to enable the reader to appreciate the effects of the rules, the logic behind them is portrayed in terms of the reasoning and history behind their development, giving students a more informed insight. Request permission to reuse content from this site.
financial reporting 101, understanding financial reporting basics and fundamentals
Advanced Financial Reporting and Analysis
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On the contrary, they argue,. Simply stated, the lower the interest rate at which a corporation can borrow or the higher the price at which it can sell stock to new investors, the greater the wealth of its shareholders. If the highest ratings and multiples result from statements that measure profitability and financial condition inaccurately, the logic of fiduciary duty to shareholders obliges management to publish that sort, rather than the type held up as a model in accounting textbooks. It is a sober assessment of the profession; throughout the remainder of the book, Fridson and Alvarez repeatedly demonstrate that financial statements often conceal as much information as they reveal. And to complicate matters, the authors show that much of what transpires in the industry is perfectly legal, even when it seems that it should not be. Nearly half recorded unusual items in all eight years of that span. Obviously, items that recur annually, or even biannually, are not extraordinary, nonrecurring, or unusual.