Financial accounting – a user view

We have a user view on financial accounting and reporting, and the aim of this book is to improve your ability to use information in financial statements to assess the performance and financial position of a firm. The intended learning outcomes are that you should (1) master relevant accounting methods in a business context, (2) be able to calculate their effects on financial statements and (3) relate an analysis of the outcomes of different methods to their underlying rationales.

The book comprises four parts. In part I, we examine two different approaches to historical cost accounting, first the revenue/expense approach, then the asset/liability approach. Next, we apply these approaches to a firm’s sales of goods and services and compare relevant accounting methods for revenue recognition.

   In Part II we contrast historical cost accounting to current value accounting. Within current value accounting we identify three alternatives to historical cost accounting: present value accounting (PVA), selling price accounting (SPA) and replacement cost accounting (RCA).

   In Part III, we shift focus to the financing of the firm. We start by looking at operating liabilities, which serves as a bridge from Part II. Next, we cover financial obligations and financial assets. We do this in chapter 9.

   Finally, we evaluate financial instruments with characteristics of both debt and equity, and cash- and equity-settled incentive programmes. In Part IV, we explore the role of conceptual frameworks and financial statement presentation in the financial accounting process. Additionally, we look at the development of other contents in annual reports, focusing particularly on sustainability reporting.

Price:
350 SEK + postage for 1 ex.
325 SEK + postage for 10 ex.
300 SEK + postage for 25 ex.

Order: sir@hhs.se