Corporate Financial Accounting and Reporting

One of the most important financial issues in the 21st Century will be the harmonisation of the accounting rules companies must follow. Corporate Financial Accounting and Reporting recognises the increasingly international nature of accounting. It gives full coverage of international accounting standards and the European Union's Company Law Directives provide its legal framework. The book takes a pragmatic approach to its subject matter, explaining general accounting practices which are not country-specific and illustrating them with examples from real companies. Corporate Financial Accounting and Reporting is an introductory textbook directed at those using financial reports. Its aim is to help current and future managers gain a thorough understanding of companies' published accounts. With this goal in mind, the book is divided into three parts. The first part covers the foundations of accounting and introduces students to the main financial statements. The second part considers the components of financial statements in more depth while the third part explores how investors analyse financial statements.

The aim ofCorporate Financial Accounting and Reporting is to help current and future managers gain a thorough understanding of companies' published financial reports. The book takes an international perspective: international accounting practices are described and illustrated throughout the text. The new edition has been thoroughly revised and updated to incorporate changes in International Accounting Standards.

The text is divided into three parts. The first part covers the foundations of accounting and introduces students to the main financial statements. The second part looks at the components of financial statements in more depth while the third part explores how investors analyse financial statements.

Key Features

• Comprehensive coverage
• : includes some topics which do not usually appear in introductory texts and explains others in more detail than is customary.
• Clarity : the book is suitable for a range of students from around the world and has been extensively class tested in Europe.
• International approach: covers the most common accounting practices in the financial statements of both European and non-European companies as well as relevant EU and IAS requirements.

New to second edition

• Thoroughly revised to incorporate changes in IAS.
• Legal, tax and regulatory frameworks have all been updated.

• Boxed material is included which broadens the discussion in the text and also introduces students to ideas from recent academic research.

Corporate Financial Accounting and Reporting is designed for international MBA programmes and specialist postgraduate programmes in international business/finance in Europe. It can also be used in international business programmes at the undergraduate level.About the author

Tim Sutton is visiting Professor of Accounting at IESE Business School in Barcelona. He has held teaching appointments in European and North American business schools, including Kellogg in the USA and Insead in France. A chartered accountant, he has UK undergraduate and postgraduate degrees and a doctorate from the USA. His teaching experience has been across undergraduate, postgraduate and executive development programmes and he has published research in leading academic journals.