{"product_id":"financial-reporting-and-corporate-governance-isbn-9780470026816","title":"Financial Reporting and Corporate Governance","description":"\u003cp\u003eThe aim of \u003ci\u003eFinancial Reporting and Corporate Governance\u003c\/i\u003e is to give non-accounting students a basic ability and confidence to read and use financial accounting reports and statements within their business or financial specialties. Many employees in business today are expected to be conversant with reported accounting information as part of their regular job responsibilities. However, they often have little formal training in using such information.\u003c\/p\u003e \u003cp\u003eThis book is intended as a core textbook for non-accounting students who need some understanding of accounting. The students can be majoring in business either as undergraduates or graduates, or in non-business areas such as engineering, law and media. The theme of the book is financial reporting as an essential and significant part of corporate governance. The book can be used as a self-contained text to support a specific course or module. However, it is designed so that it can be built on in more advanced courses on the subject. For this reason, it may be used by specialist accounting students in introductory courses.\u003c\/p\u003e  Lessons.  \u003cp\u003eGlossary of Terms.\u003c\/p\u003e \u003cp\u003eAbout the Author.\u003c\/p\u003e \u003cp\u003eAbout the Book.\u003c\/p\u003e \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1:\u003c\/b\u003e \u003cb\u003eCorporate Financial Reporting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eIllustration 1 Good News at Flash Bang Wallop plc.\u003c\/p\u003e \u003cp\u003eBad News at Flash Bang Wallop plc.\u003c\/p\u003e \u003cp\u003eFinancial Play with Actors and Plot.\u003c\/p\u003e \u003cp\u003eLessons to be Learnt.\u003c\/p\u003e \u003cp\u003eCompanies.\u003c\/p\u003e \u003cp\u003eCorporate Managers.\u003c\/p\u003e \u003cp\u003eCorporate Governors.\u003c\/p\u003e \u003cp\u003eCorporate Financial Statements.\u003c\/p\u003e \u003cp\u003eAccounting Numbers.\u003c\/p\u003e \u003cp\u003eCreative Accounting.\u003c\/p\u003e \u003cp\u003eCorporate Auditing.\u003c\/p\u003e \u003cp\u003eProblems for Public Accountants.\u003c\/p\u003e \u003cp\u003eFinancial Statement Users.\u003c\/p\u003e \u003cp\u003eGeneral Purpose Financial Information.\u003c\/p\u003e \u003cp\u003eGeneral Legal Requirements in UK.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–6.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2:\u003c\/b\u003e \u003cb\u003eCorporate Governance.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eDefining Corporate Governance.\u003c\/p\u003e \u003cp\u003eAccountability or Stewardship.\u003c\/p\u003e \u003cp\u003eLegislative Developments in Corporate Governance.\u003c\/p\u003e \u003cp\u003eNon-accounting Regulations in Corporate Governance.\u003c\/p\u003e \u003cp\u003eAccounting Regulations in Corporate Governance.\u003c\/p\u003e \u003cp\u003eAuditing and Corporate Governance.\u003c\/p\u003e \u003cp\u003eOther Corporate Governance Developments.\u003c\/p\u003e \u003cp\u003eAudit Committees.\u003c\/p\u003e \u003cp\u003eIneffective Audit Committees.\u003c\/p\u003e \u003cp\u003eUS Developments in Corporate Governance.\u003c\/p\u003e \u003cp\u003eInternal Control and Internal Audit.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–8.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Corporate Financial Accounting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eComprehensive Package.\u003c\/p\u003e \u003cp\u003eInvestment Decisions.\u003c\/p\u003e \u003cp\u003eIllustration 2 What-a-Picture Ltd.\u003c\/p\u003e \u003cp\u003eShare Capital.\u003c\/p\u003e \u003cp\u003eLong-term Lending Decisions.\u003c\/p\u003e \u003cp\u003eIllustration 3 Down-the-Plughole Ltd.\u003c\/p\u003e \u003cp\u003eOther Decisions.\u003c\/p\u003e \u003cp\u003eOverview of Information Needs.\u003c\/p\u003e \u003cp\u003eTime and Corporate Financial Reports.\u003c\/p\u003e \u003cp\u003eAccounting Numbers.\u003c\/p\u003e \u003cp\u003eIllustration 4 Rambling-Sid-Deli Ltd.\u003c\/p\u003e \u003cp\u003eAccounting Costs and Fair Values.\u003c\/p\u003e \u003cp\u003eIllustration 5 Balance Sheet Numbers.\u003c\/p\u003e \u003cp\u003eAccounting Conventions.\u003c\/p\u003e \u003cp\u003eLegal and Regulatory Requirements.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–5.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4:\u003c\/b\u003e \u003cb\u003eCorporate Profit Statement.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eBalance Sheet or Profit Statement Approach.\u003c\/p\u003e \u003cp\u003eThe Profit Statement.\u003c\/p\u003e \u003cp\u003eImportance of Profit Statement.\u003c\/p\u003e \u003cp\u003eEarnings Per Share.\u003c\/p\u003e \u003cp\u003eBasic Relationship and Conventions.\u003c\/p\u003e \u003cp\u003eIllustration 6 Jam-Today Ltd.\u003c\/p\u003e \u003cp\u003eBasic Elements of Profit Statement.\u003c\/p\u003e \u003cp\u003eIllustration 7 Give-Me-A-Break Ltd.\u003c\/p\u003e \u003cp\u003eExceptional Events and Transactions.\u003c\/p\u003e \u003cp\u003eOther Profit Statement Matters.\u003c\/p\u003e \u003cp\u003eCreative Accounting.\u003c\/p\u003e \u003cp\u003eCorporate Governance and Profit Statement.\u003c\/p\u003e \u003cp\u003eOther Legislative and Regulative Requirements.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–8.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5:\u003c\/b\u003e \u003cb\u003eCorporate Cash Flow Statement.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eIllustration 8 Would-You-Believe-It Ltd.\u003c\/p\u003e \u003cp\u003eSolvency, Liquidity, Cash Flow, and Profitability.\u003c\/p\u003e \u003cp\u003eIllustration 9 Had-Enough Ltd.\u003c\/p\u003e \u003cp\u003eIllustration 10 Profitability, Liquidity, and Solvency.\u003c\/p\u003e \u003cp\u003eIllustration 11 Accounting Profit, Working Capital, and Operating Cash Flow.\u003c\/p\u003e \u003cp\u003eCash Flow Reporting.\u003c\/p\u003e \u003cp\u003eDisclosure of Cash Flow Statements.\u003c\/p\u003e \u003cp\u003eIssues with Cash Flow Statements.\u003c\/p\u003e \u003cp\u003eCorporate Governance and Cash Flow Statements.\u003c\/p\u003e \u003cp\u003eLegislative and Regulatory Requirements.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–6.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6:\u003c\/b\u003e \u003cb\u003eCorporate Balance Sheet.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eBasic Accounting Relationship.\u003c\/p\u003e \u003cp\u003eIllustration 12 Jim Jones Insurance Ltd.\u003c\/p\u003e \u003cp\u003eBalance Sheet Elements.\u003c\/p\u003e \u003cp\u003eBalance Sheet Numbers.\u003c\/p\u003e \u003cp\u003eBasic Balance Sheet.\u003c\/p\u003e \u003cp\u003eIllustration 13 Runalot Sports Ltd.\u003c\/p\u003e \u003cp\u003eOther Balance Sheet Matters.\u003c\/p\u003e \u003cp\u003eIssues in Balance Sheet Reporting.\u003c\/p\u003e \u003cp\u003eCreative Accounting.\u003c\/p\u003e \u003cp\u003eCorporate Governance and Balance Sheets.\u003c\/p\u003e \u003cp\u003eOther Legal and Regulatory Requirements.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–7.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7:\u003c\/b\u003e \u003cb\u003eOther Corporate Statements.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eSecondary Financial Statements.\u003c\/p\u003e \u003cp\u003eStatements from Board and Others.\u003c\/p\u003e \u003cp\u003eChairman’s Report.\u003c\/p\u003e \u003cp\u003eReport of Board of Directors.\u003c\/p\u003e \u003cp\u003eOperating and Financial Review.\u003c\/p\u003e \u003cp\u003eOther Statements and Corporate Governance.\u003c\/p\u003e \u003cp\u003eLegislative and Regulatory Requirements.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–8.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8:\u003c\/b\u003e \u003cb\u003eCorporate Auditing.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eCorporate Audit Report.\u003c\/p\u003e \u003cp\u003eIllustration 14 Test, Tick, \u0026amp; Attest, Registered Auditors.\u003c\/p\u003e \u003cp\u003eNature and Purpose of Corporate Audit.\u003c\/p\u003e \u003cp\u003eFeasibility of Corporate Auditing.\u003c\/p\u003e \u003cp\u003eIndependent and Competent Auditors.\u003c\/p\u003e \u003cp\u003eCorporate Auditor’s Duty of Care.\u003c\/p\u003e \u003cp\u003eResponsible for What and to Whom?\u003c\/p\u003e \u003cp\u003eCorporate Auditing and Fraud Detection.\u003c\/p\u003e \u003cp\u003eAudit Evidence.\u003c\/p\u003e \u003cp\u003eCorporate Auditing and Corporate Governance.\u003c\/p\u003e \u003cp\u003eAudit Expectations Gap.\u003c\/p\u003e \u003cp\u003eLegal and Regulatory Provisions for Corporate Auditing.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–8.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9:\u003c\/b\u003e \u003cb\u003eCreative Accounting.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003ePreliminary Definitions.\u003c\/p\u003e \u003cp\u003eNature and Purpose of Creative Accounting.\u003c\/p\u003e \u003cp\u003eAcceptable Accounting Practice.\u003c\/p\u003e \u003cp\u003eFlexibility of Accounting.\u003c\/p\u003e \u003cp\u003eCreative Accounting in Practice.\u003c\/p\u003e \u003cp\u003eCreative Accounting and Reporting Issues.\u003c\/p\u003e \u003cp\u003eCreative Accounting and Corporate Governance.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–6.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10:\u003c\/b\u003e \u003cb\u003eCorporate Financial Statement Analysis.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eCommon-size Analysis.\u003c\/p\u003e \u003cp\u003eComparisons of Accounting Numbers\u003c\/p\u003e \u003cp\u003eNature and Purpose of Financial Ratios.\u003c\/p\u003e \u003cp\u003eFinancial Ratio Criteria.\u003c\/p\u003e \u003cp\u003eFinancial Ratio Limitations.\u003c\/p\u003e \u003cp\u003eComputation and Interpretation of Financial Ratios.\u003c\/p\u003e \u003cp\u003eFinancial Ratios and Profitability.\u003c\/p\u003e \u003cp\u003eFinancial Ratios and Liquidity and Cash Flow.\u003c\/p\u003e \u003cp\u003eIllustration 15 Just-In-Case Ltd and On-the-Button Ltd.\u003c\/p\u003e \u003cp\u003eFinancial Ratios, Structure, and Performance.\u003c\/p\u003e \u003cp\u003eLearning Objectives.\u003c\/p\u003e \u003cp\u003eExercises 1–11.\u003c\/p\u003e \u003cp\u003eAdditional Reading.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e  \"A major strength of Thomas Lee's book comes from the clear presentation of the main financial accounting issues.\" (\u003ci\u003eInternational Journal of Accounting\u003c\/i\u003e, April 2008)\u003cbr\u003e  \u003cb\u003eThomas A Lee\u003c\/b\u003e is Professor Emeritus of Accountancy at the University of Alabama and currently holds Honorary Professorships at the Universities of Dundee, Newcastle-upon-Tyne, and St Andrews.  Previous full-time professorships were held at the Universities of Liverpool and Edinburgh.  He has an MSc and DLitt from the University of Strathclyde and is a member of the Institute of Chartered Accountants of Scotland, the Institute of Taxation, the American Accounting Association, and the British Accounting Association.   \u003cp\u003eProfessor Lee has published numerous teaching and research books, and research and professional papers and other contributions.  He is a member of several editorial boards of leading research journals, and has an international reputation in financial reporting, auditing, accounting history, and accounting professionalization.  He has won numerous awards for his published work and is frequently cited as one of the most published accounting researchers world-wide.  He received the British Accounting Association’s Lifetime Achievement Award in 2005 and is listed in publications such as \u003ci\u003eWho’s Who in America\u003c\/i\u003e and \u003ci\u003eWho’s Who in the World\u003c\/i\u003e.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989211594981,"sku":"NP9780470026816","price":57.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470026816.jpg?v=1761783224","url":"https:\/\/k12savings.com\/products\/financial-reporting-and-corporate-governance-isbn-9780470026816","provider":"K12savings","version":"1.0","type":"link"}