Items related to Financial Reporting Standards: A Decision-Making Perspective...

Financial Reporting Standards: A Decision-Making Perspective for Non-Accountants (Financial Accounting and Auditing Collection) - Softcover

Book 1 of 6: Financial Accounting and Auditing Collection

Doran, David

 
9781606493878: Financial Reporting Standards: A Decision-Making Perspective for Non-Accountants (Financial Accounting and Auditing Collection)
Softcover
ISBN 10: 1606493876 ISBN 13: 9781606493878
Publisher: Business Expert Press, 2012

Synopsis

Accounting is the score keeping system in the 'game' of business - you can't do well in any 'game' if you don't understand how the score is kept. This book is intended to benefit MBA students and upper division non-accounting business majors. It should also serve as an excellent desk reference for practicing managers. The book emphasizes how management's choice of accounting methods and their required estimates in reporting transactions and events impact financial statements, both immediately and in the future. This book takes an exclusive user's decision making perspective by utilizing the accounting equation format to directly illustrate financial statement effects. Readers should make better decisions based upon financial statement information through an enhanced understanding of its usefulness and limitations. United States financial reporting standards are compared and contrasted with international financial reporting standards where appropriate. Most of the topics addressed in this book are typically studied by accounting majors in the two course 'intermediate' accounting sequence, but the text also includes discussion of consolidations - a topic generally covered in the 'advanced' accounting course. Unlike typical accounting books, journal entries are not used to illustrate topical coverage. By exclusively applying a user's decision making emphasis, and limiting topical content to areas relevant to financial analysis, this book allows non-accounting majors to acquire the underlying knowledge in a concise and easy to understand text. The book assumes the reader has a basic understanding of financial statements (through previous study in accounting principles) and a familiarity with time value of money concepts.

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About the Author

Erie, PA; Associate Professor of Accounting; Penn State Erie

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Publisher
Business Expert Press
Publication date
2012
Language
English
ISBN 10 
1606493876
ISBN 13 
9781606493878
Binding
Paperback
Number of pages
327