Prentice Hall

Business

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Financial Reporting and Analysis, 3/E
Lawrence Revsine, Northwestern University
Daniel W. Collins, University of Iowa
W. Bruce Johnson, University of Iowa

ISBN-10: 0131430211
ISBN-13: 9780131430211

Publisher: Prentice Hall
Copyright: 2005
Format: Cloth; 1088 pp
Status: Out of Print

Suggested retail price: $186.67
This item is out of print and is no longer available for purchase.

Appropriate for courses in intermediate accounting, financial reporting, and financial statement analysis.

The CPA exam is changing. You need to change as well...to a book that better prepares your students for the CPA exam and for business. Only Revsine/Collins/Johnson meets the dual objective of teaching your students how to prepare financial reports and then how to analyze the reports.

  • Unlike traditional encyclopedic texts, Revsine, Collins, and Johnson eliminate minutia and focus on the core topics. The authors explain how to prepare a financial statement, and combine this explanation of preparation with an analysis of what the numbers truly mean.

 

  • Only Revsine, Collins, and Johnson combine preparation and analysis to provide your students with both the “how” and the “why” behind the numbers.   Your students will be able to approach financial statements with confidence and know-how.

 

  • Every manager has incentives to present his or her firm in the most favorable light to lenders, equity investors and others.   And, every manager wants to use the flexibility allowed by GAAP to manage the firm’s earnings to achieve certain goals.   Revsine, Collins, and Johnson explain these incentives and help students spot cases of earnings management, which disguises a firm’s true performance.

  • Extensively Revised to Improve Overall Readability.

    • The authors have tightened the discussions, used shorter paragraphs, opted for bulleted lists to summarize key points, and added new content that makes the text more accessible to a broader audience.

  • Updated and Enhanced Coverage:

    • Expanded discussion of analytical insights from tax footnotes (Ch. 13)

    • Expanded discussion of qualified special purpose entities, variable interest entities, and off-balance sheet financing arrangements (Ch. 16)

    • New appendix on time value of money (Ch. 8)

    • New self-study problem illustrating pension computations (Ch. 14)

    • Material on valuation has been made more accessible by use of simple examples (Ch. 6)

  • Extended Procedural Review material has been added to ensure students grasp the basics before more complex topics are covered.

    • A review of the accounting cycle is covered in Chapter 2 and a new Appendix on present value computations.

  • In-Text Examples provide students with insights on recent accounting irregularities and restatements:

    • WorldCom (Ch. 1)

    • Enron (Ch. 11)

    • Waste Management (Ch. 10)

    • Xerox (Ch. 3)

    • Line capacity swaps in the telecom industry (Ch. 3)

  • Accessible End-of-Chapter Exercises that provide a greater range of difficulty, reinforce accounting fundamentals, and link to the CPA and CFA exams are added.
  • Test Bank covering a broader range of problem types.

    • New Powerpoint teaching aids that are flexible, context-rich, and incorporate all key concepts, examples, and illustrations from the text.



1. The Economic and Institutional Setting for Financial Reporting.


2. Accrual Accounting and Income Determination.


3. Additional Topics in Income Determination.


4. Structure of Balance Sheet and Statement of Cash Flows.


5. Essentials of Financial Statement Analysis.


6. Role of Financial Information in Valuation.


7. Contracting.


8. Receivables.


9. Inventories.


10. Long-Lived Assets and Depreciation.


11. Liabilities.


12. Leases.


13. Income Tax Reporting.


14. Pensions and Postretirement Benefits.


15. Owners' Equity.


16. Inter-corporate Equity Investments.


17. Cash Flow Statement.


18. Overview of International Financial Reporting Differences and Inflation.

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Pearson Higher Education offers special pricing when you choose to package your text with other student resources. If you're interested in creating a cost-saving package for your students contact your Pearson Higher Education representative.


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