Overview
- Covers IFRS and GAAP standards alongside Non-GAA metrics and valuation accounting
- Demystifies the complexities of long-term assets and liabilities, including PPE, leases and pensions
- Provides case studies of both Apple and Microsoft
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Table of contents (26 chapters)
-
Overview of Financial Statements and the Statement of Position
-
The Statement of Income
-
The Statement of Cash Flows & Financial Ratios
Keywords
- Financial Statements
- Cash Flows
- Shareholders’ equity
- IFRS
- International Financial Reporting Standards
- GAAP
- Foreign Currency Accounting
- Account Receivables
- Balance sheet
- Marketable securities
- Valuation of inventories
- Working Capital
- Valuation of PPE
- Taxable Income
- Retained Earnings
- Statements of Cash Flows
- Pension and Postretirement Liabilities
About this book
Through a mixture of concepts and examples, the second edition of this book demystifies the variety of elements of financial accounting and uncovers the need-to-know information for certification in this field. This book covers the two aspects of financial statement analysis, namely quantitative and non-quantitative analysis. Unique to the second edition, the book will also cover Non-GAA- metrics and valuation accounting. Concluding with helpful and updated case studies, the book will appeal to students and academics of financial accounting.
Reviews
“This is an outstanding roadmap to financial literacy for financial professionals, managers, and MBA students worldwide. It showcases the essential aspects of financial statements with clarity and precision. Well-written and highly illustrative, especially within the case study.” (Victor Petenkemani, MS, MBA, Interim Dean, Mercy College, School of Business, New York, USA)
Authors and Affiliations
About the author
Felix I. Lessambo is Adjunct Associate Professor at Fordham University, USA, where he teaches Corporate Tax and Audit & Assurance Services. He was an Associate Professor at Central Connecticut State University School of Business where he taught Financial Statements Analysis, Global Financial Reporting, and Law & Finance. He has practiced international tax, transfer pricing, and alternative investment management where he structured and advised on hedge funds and private equity cross-border transactions. He is the author of several books in finance including The International Banking System, The International Corporate Governance System, International Financial Institutions and Their Challenges, International Aspects of US Taxation System, Audit-Assurance Services & Forensics, Financial Statements: Analysis & Reporting, The US Banking System, Mergers in the Global Markets, International Finance, The US Mergers & Acquisitions: Legal & Financial Aspects, and International ProjectFinance: The Public-Private Partnership.
Bibliographic Information
Book Title: Financial Statements
Book Subtitle: Analysis, Reporting and Valuation
Authors: Felix I. Lessambo
DOI: https://doi.org/10.1007/978-3-031-15663-2
Publisher: Palgrave Macmillan Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-031-15662-5Published: 01 November 2022
Softcover ISBN: 978-3-031-15665-6Published: 02 November 2023
eBook ISBN: 978-3-031-15663-2Published: 31 October 2022
Edition Number: 2
Number of Pages: XXV, 473
Number of Illustrations: 23 b/w illustrations, 5 illustrations in colour
Topics: Financial Accounting, Business Finance