Global Financial Accounting and Reporting 2e

Peter Walton, Professor of Accounting at the Open University Walter Aerts, Department of Accounting, University of Antwerp 544pp Published by Cengage Learning EMEA, ©2009 Available Now £45.99

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Global Financial Accounting and Reporting is a European-focused introductory financial accounting textbook for students encountering the subject for the first time at MBA and Masters level. Structured around European IFRS, the second edition of this text has been fully updated to cover recent changes to reporting standards and provides a concise and accessible guide to international financial reporting, heavily-supported by real-world examples from multinational company accounts.

Features

• Takes a "user" perspective and is written in accessible English. "User" in this context means anyone who needs to read and understand the basics of accounting information, as opposed to actually preparing accounting information.
• Teaches the basics of double entry through journal entries.
• Adopts the Euro as the standard currency used for pedagogic examples and questions
• Gives in-depth coverage of financial accounting
• The user approach is reinforced by including a Part containing three chapters on financial statement analysis, and a chapter on advanced aspects of financial statement analysis.
• Includes coverage of topics not commonly found in introductory texts, but necessary for an international approach, including: control and audit; foreign operations; fair value accounting; international taxation; auditing and corporate governance.
• The book takes an international approach, based on globalisation of the world economy, the international financial reporting regime and references to the accounts of well-known European companies reporting in IFRS.

Part 1. The accounting and business environment.
1. Financial reporting and regulation.
2. Accounting and accountants.
Part 2. Basic financial statements.
3. Measurement concepts and the balance sheet equation.
4. Accruals accounting.
5. Non-current assets and depreciation.
6. Refining the accounting system.
7. Preparing financial statements.
Part 3. An introduction to financial statement analysis.
8. A framework for interpretation.
9. Financial statement analysis I.
10. Statement of Cash Flows.
Part 4. The financial statements of multinational companies.
11. The annual report.
12. Group financial statements.
13. Foreign operations.
14. Issues in financial reporting by multinationals.
15. International taxation.
16. Auditing and corporate governance.
Part 5. Advanced financial statement analysis.
17. Financial statement analysis II.
18. IFRS and the future.
Glossary.
References.
Index.

• Fully updated in line with recent developments to European IFRSUpdated company extracts in every chapterNew accounting exercises and revised end-of-chapter questionsNew IFRS glossary and reference section

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Peter Walton
Peter Walton is professor of accounting at the University of Geneva and visiting professor at the University of Paris Dauphine. He is a fellow of the Association of Chartered Certified Accountants and worked for multinational companies before becoming an academic.

Walter Aerts