Now in its fifth edition, this respected and widely used book provides an essential introduction to financial accounting and reporting for business and management students around the world. Written very much from the 'user rather than the 'preparer accounting perspective, the book provides clear and comprehensive guidance on all the complex concepts and issues in accounting and reporting, together with explanation of the more technical aspects of accounting transactions. The book has a strong international perspective (being based on IFRS/IAS) and uses lots of real-life worldwide company financial statements and examples, to enable students to see how issues appear in practice. Exclusive online appendices for each chapter are available through www.cengagebrain.co.uk. Search for 'Stolowy and follow the instructions to create an account.
Part 1 Introduction to Financial Accounting
1. Accounting: The language of business
2. Introduction to Financial Statements
3. Financial Statements: Interrelations and construction
4. Accounting Principles and End-of-period Adjustments
Part 2 Major Accounting Topics
5. Regulation of Accounting and Financial Reporting
6. Revenue Recognition Issues
7. Tangible Assets
8. Intangible Assets
9. Inventories
10. Financial Instruments in the Statement of Financial Position and Fair Value Accounting
11. Shareholders Equity
12. Liabilities and Provisions
13. Business Combinations
14. Analysis of the Income Statement
Part 3 Financial Statement Analysis
15. Analysis of the Statement of Financial Position/Balance Sheet
16. Statement of Cash Flows Construction
17. Analysis of the Statement of Cash Flows and Earnings Quality
18. Ratio Analysis, Financial Analysis and Beyond