Accounting Books

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Book SynopsisPrepare for success in today's rapidly changing audit environment as you develop professional and ethical decision-making skills with Zehms/Gramling/Rittenberg's AUDITING: A RISK BASED-APPROACH, 12E. This edition integrates the latest in standards, including new guidance on audit reports, fraud risks and audit evidence. Unique conceptual frameworks help you strengthen ethical decision-making skills and professional skepticism. A new framework also guides you through using data analytics in auditing with simulation cases that use real-life data sets. Revised, reader-friendly content offers interesting learning features that highlight key points and provide hands-on opportunities to refine critical-thinking skills. New and revised end-of-chapter cases and problems further strengthen your writing skills for the CPA exam. In addition, MindTap digital resources are available with an interactive ebook and engaging cases to reinforce your data-driven decision-making skills.Table of Contents1. Quality Auditing: Why It Matters. 2. The Auditor���s Responsibilities Regarding Fraud and Mechanisms to Address Fraud: Regulation and Corporate Governance. 3. Internal Control Over Financial Reporting: Responsibilities of Management and the External Auditor. 4. Professional Legal Liability. 5. Professional Auditing Standards and the Audit Opinion Formulation Process. 6. Audit Evidence. 7. Planning the Audit: Identifying and Responding to the Risks of Material Misstatement. 8. Specialized Audit Tools: Sampling and Generalized Audit Software. 9. Auditing the Revenue Cycle. 10. Auditing Cash and Marketable Securities. 11. Auditing Inventory, Goods and Services, and Accounts Payable: The Acquisition and Payment Cycle. 12. Auditing Long-Lived Assets: Acquisition, Use, Impairment, and Disposal. 13. Auditing Long-Term Liabilities and Stockholders' Equity Transactions. 14. Completing a Quality Audit. 15. Audit Reports. ACL Appendix. Case Index. Why It Matters and Fraud Focus Index by Chapter. Data Analytics cases by Chapter. Index.

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Book SynopsisMaster QuickBooks Online Accountant (QBOA) at your own pace with the unique self-directed learning approach in Owen's QUICKBOOKS ONLINE FOR ACCOUNTING, 6E. This edition focuses exclusively on QBOA, allowing you to refine skills while reviewing your understanding of financial accounting, reporting and analysis tools. You learn how accounting information is created and used to make key decisions. Updates introduce the latest features of QBOA, including the ability to create more than one company. New instructions provide even more convenient access to your work through a student portal. Easy-to-follow instructions, real examples and manageable assignments reinforce accounting skills as you practice using the QBOA application. You learn how to set up QBOA to record business events; generate financial statements and reports; and communicate critical information to business owners, investors and creditors. Strengthen skills you will use for business success, no matter what your future plansTable of Contents1. An Introduction to QuickBooks Online Using the Sample Company. 2. An Overview of QuickBooks Online Using a Case Assigned by your Instructor. 3. Setting Up a New Company: Establishing a Chart of Accounts, Beginning Balances, Customers, Vendors, and Products/Services. 4. Recording Operating Activities: Sales and Cash Receipts. 5. Recording Operating Activities: Purchases and Cash Payments. 6. Recording Investing and Financing Activities. 7. Recording Payroll. 8. Establishing Budgets and Preparing Bank Reconciliations. 9. Analysis and Recording of Adjusting Entries. 10. Preparing Financial Statements and Reports.

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Book SynopsisTable of Contents1. Introduction to Accounting and Business. 2. Analyzing Transactions. 3. The Adjusting Process. 4. The Accounting Cycle. 5. Accounting for Retail Businesses. 6. Inventories. 7. Internal Controls and Cash. 8. Receivables. 9. Long-Term Assets: Fixed and Intangible. 10. Liabilities: Current Liabilities, Installment Notes, and Contingencies. 11. Liabilities: Bonds Payable. 12. Partnerships and Limited Liability Companies. 13. Corporations: Organization, Stock Transactions, and Dividends. 14. Statement of Cash Flows. 15. Financial Statement Analysis. Appendix A: Present Value Tables. Appendix B: Selected Topics. Appendix C: Nike Inc. Annual Report (10-K). Glossary. Index. Online Appendices.

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Book SynopsisMaster QuickBooks Online Accountant (QBOA) at your own pace with the unique self-directed learning approach in Owen's QUICKBOOKS ONLINE FOR ACCOUNTING, 7th EDITION. This edition focuses exclusively on QBOA, allowing you to refine skills while reviewing your understanding of financial accounting, reporting and analysis tools. You will learn how accounting information is created and used to make key decisions. Updates introduce the latest features of QBOA, including the ability to create more than one company. New instructions provide more convenient access to your work through a student portal. Clear instructions, real examples and manageable assignments reinforce accounting skills as you practice using the QBOA application. You will learn how to set up QBOA to record business events, generate financial statements, and communicate critical information to business owners, investors and creditors. Strengthen skills you will use for business success with this valuable resource.Table of Contents1. An Introduction to QuickBooks Online Using the Sample Company. 2. An Overview of QuickBooks Online Using a Case Assigned by Your Instructor. 3. Setting Up a New Company: Establishing a Chart of Accounts, Beginning Balances, Customers, Vendors, and Products/Services. 4. Recording Operating Activities: Sales and Cash Receipts. 5. Recording Operating Activities: Purchases and Cash Payments. 6. Recording Investing and Financing Activities. 7. Recording Payroll. 8. Establishing Budgets and Preparing Bank Reconciliations. 9. Analysis and Recording of Adjusting Entries. 10. Preparing Financial Statements and Reports.

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Book SynopsisPublished in 1963, this book about the famous accountant and bookkeeper Luca Paciolo explores his extraordinary contribution to the development of the accounting profession. Paciolo is the first known writer to publish a work describing the double entry process. Table of Contents1. The Painting of Paciolo (i) Paciolo: The Man, His Work (ii) The Translation of the Bookkeeping Treatise (iii) The Original Treatise Reproduced

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Book SynopsisUnderlying this book, first published in 1988, is the belief that it is insightful to examine accounting not as merely a technical process, nor as a technical process with social and political consequences, but as an activity which is both social and political in itself. One way of illuminating the social nature of accounting is through studying its cultural variations, for although accounting is a feature of modern industrial society the extent of its use varies across cultures. This book examines the history of accounting and explores the complicated relationship between accounting and society. Table of Contents1. Introduction 2. Understanding Cost and Management Accounting in its Social and Historical Context 3. Historical Introduction 4. The First World War 5. After the War: Reconstruction and Reality 6. The Institute of Cost and Works Accountants 7. Cost Accounting and Society 8. Conclusion

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Book SynopsisFor years accounting ethics has been viewed as an unimportant adjunct of academic and professional accounting. However, the economic scandals of the early twenty-first century have dramatically nullified this characterisation, with the ruination of investors in Enron, WorldCom, Waste Management, Aldelphia, Tyco and scores of other business concerns raising questions about the adequacy and relevance of academic research into accounting ethics, as well as the ethical nature of professional parties.Presenting important papers that reassess these theories, research studies and professional practices in the field of accounting ethics, this collection scrutinizes the body of knowledge that did not protect the investing public, and examines the current crisis in the creditability of financial reports.

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Book SynopsisMathematical techniques for trading and risk management. Managing Energy Risk closes the gap between modern techniques from financial mathematics and the practical implementation for trading and risk management. It takes a multi-commodity approach that covers the mutual influences of the markets for fuels, emission certificates, and power.Table of ContentsForeword. Preface. 1 Energy Markets. 1.1 The oil market. 1.1.1 Consumption, production and reserves. 1.1.2 Crude oil trading. 1.1.3 Refined oil products. 1.2 The natural gas market. 1.2.1 Consumption, production and reserves. 1.2.2 Natural gas trading. 1.2.3 Price formulas with oil indexation. 1.2.4 Liquefied natural gas. 1.3 The coal market. 1.3.1 Consumption, production and reserves. 1.3.2 Coal trading. 1.3.3 Freight. 1.3.4 Coal subsidies in Germany: BAFA-indexed prices. 1.4 The electricity market. 1.4.1 Consumption and production. 1.4.2 Electricity trading. 1.4.3 Products in the electricity markets. 1.4.4 Energy exchanges. 1.5 The emissions market. 1.5.1 Kyoto Protocol. 1.5.2 EU emissions trading scheme. 1.5.3 Flexible mechanisms. 1.5.4 Products and market places. 1.5.5 Emissions trading in North America. 2 Energy Derivatives. 2.1 Forwards, futures and swaps. 2.1.1 Forward contracts. 2.1.2 Futures contracts. 2.1.3 Swaps. 2.2 “Plain vanilla” options. 2.2.1 The put–call parity and option strategies. 2.2.2 Black’s futures price model. 2.2.3 Option pricing formulas. 2.2.4 Hedging options: the “Greeks”. 2.2.5 Implied volatilities and the “volatility smile”. 2.2.6 Swaptions. 2.3 American and Asian options. 2.3.1 American options. 2.3.2 Asian options. 2.4 Commodity bonds and loans. 2.5 Multi-underlying options. 2.5.1 Basket options. 2.5.2 Spread options. 2.5.3 Quanto and composite options. 2.6 Spot price options. 2.6.1 Pricing spot price options. 2.6.2 Caps and floors. 2.6.3 Swing options. 2.6.4 Virtual storage. 3 Commodity Price Models. 3.1 Forward curves and the market price of risk. 3.1.1 Investment assets. 3.1.2 Consumption assets and convenience yield. 3.1.3 Contango, backwardation and seasonality. 3.1.4 The market price of risk. 3.1.5 Derivatives pricing and the risk-neutral measure. 3.2 Commodity spot price models. 3.2.1 Geometric Brownian motion. 3.2.2 The one-factor Schwartz model. 3.2.3 The Schwartz–Smith model. 3.3 Stochastic forward curve models. 3.3.1 One-factor forward curve models. 3.3.2 A two-factor forward curve model. 3.3.3 A multi-factor exponential model. 3.4 Electricity price models. 3.4.1 The hourly forward curve. 3.4.2 The SMaPS model. 3.4.3 Regime-switching model. 3.5 Multi-commodity models. 3.5.1 Regression analysis. 3.5.2 Correlation analysis. 3.5.3 Cointegration. 3.5.4 Model building. 4 Fundamental Market Models. 4.1 Fundamental price drivers in electricity markets. 4.1.1 Demand side. 4.1.2 Supply side. 4.1.3 Interconnections. 4.2 Economic power plant dispatch. 4.2.1 Thermal power plants. 4.2.2 Hydro power plants. 4.2.3 Optimisation methods. 4.3 Methodological approaches. 4.3.1 Merit order curve. 4.3.2 Optimisation models. 4.3.3 System dynamics. 4.3.4 Game theory. 4.4 Relevant system information for electricity market modelling. 4.4.1 Demand side. 4.4.2 Supply side. 4.4.3 Transmission system. 4.4.4 Historical data for backtesting. 4.4.5 Information sources. 4.5 Application of electricity market models. 4.6 Gas market models. 4.6.1 Demand side. 4.6.2 Supply side. 4.6.3 Transport. 4.6.4 Storage. 4.6.5 Portfolio optimisation. 4.6.6 Formulation of the market model. 4.6.7 Application of gas market models. 4.7 Market models for oil, coal, and CO2 markets. 5 Electricity Retail Products. 5.1 Interaction of wholesale and retail markets. 5.2 Retail products. 5.2.1 Common full service contracts. 5.2.2 Indexed contracts. 5.2.3 Partial delivery contracts. 5.2.4 Portfolio management. 5.2.5 Supplementary products. 5.3 Sourcing. 5.3.1 Business-to-business (B2B). 5.3.2 Business-to-consumer (B2C). 5.3.3 Small accounts. 5.3.4 Municipalities and reseller. 5.4 Load forecasting. 5.5 Risk premium. 5.5.1 Price validity period. 5.5.2 Balancing power. 5.5.3 Credit risk. 5.5.4 Price–volume correlation. 5.5.5 Strict risk premiums. 5.5.6 Hourly price profile risk. 5.5.7 Volume risk. 5.5.8 Operational risk. 5.5.9 Risk premium summary. 6 Risk Management. 6.1 Market price exposure. 6.1.1 Delta position. 6.1.2 Variance minimising hedging. 6.2 Value-at-Risk and further risk measures. 6.2.1 Definition of Value-at-Risk. 6.2.2 Parameters of the Value-at-Risk measure. 6.2.3 Computation methods. 6.2.4 Liquidity-adjusted Value-at-Risk. 6.2.5 Estimating volatilities and correlations. 6.2.6 Backtesting. 6.2.7 Further risk measures. 6.3 Credit risk. 6.3.1 Legal risk. 6.3.2 Quantifying credit risk. 6.3.3 Credit rating. Appendices. A Mathematical background. A.1 Econometric methods. A.1.1 Linear regression. A.1.2 Stationary time series and unit root tests. A.1.3 Principal component analysis. A.1.4 Kalman filtering method. A.1.5 Regime-switching models. A.2 Stochastic processes. A.2.1 Conditional expectation and martingales. A.2.2 Brownian motion. A.2.3 Stochastic integration and Itô’s lemma. A.2.4 The Feynman–Kac theorem. A.2.5 Monte Carlo simulation. Bibliography. Index.

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Book SynopsisWritten in an approachable style with short sections, visual icons and navigation aids, numerous bulleted lists and summary tables, and the use of graphical representations where appropriate to illustrate the text.Table of ContentsPreface ix 1 INTRODUCTION 1 The Big Paradox 1 What Is Financial Management? 2 First Stop: Financial Accounting 2 Why Construction Accounting Is Different from Accounting in Other Business Sectors 4 Who Is at Risk? 5 Projects: The Output of the Construction Process 6 Project-Level Controls 7 Time Value of Money 8 Entrepreneurial Issues 8 Review Questions and Exercises 9 2 UNDERSTANDING FINANCIAL STATEMENTS 11 Introduction 11 Why Should You Care about Accounting? 12 Generally Accepted Accounting Principles 12 Cash and Accrual Bases: Two Ways to Look at Accounting 13 Cash Basis of Accounting 14 Accrual Basis of Accounting 15 Accounts 16 Account Hierarchy 16 Financial Reports 17 Bookkeeping 19 The Balance Sheet 20 Balance Sheet Layout 21 Balance Sheet Account Categories in Detail 21 The Fundamental Accounting Equation 22 Asset Values 23 The Fundamental Equation and Owners’ Risk 24 Balance Sheet for Fudd Associates, Inc. 24 Key Accounts 26 The Income Statement 29 Components of an Income Statement – More Details 32 The Statement of Cash Flows 35 Contract Backlog 37 Public Corporations 38 Review Questions and Exercises 39 3 ANALYZING COMPANY FINANCIAL DATA 43 Introduction 43 Vertical and Horizontal Analyses 44 Vertical Analysis: Financial Ratios 44 Liquidity Indicators: Can This Company Get Cash in a Hurry? 45 Current Ratio 45 Quick Ratio 46 Working Capital 47 Profitability Indicators: Is This Company Making Enough Profit? 48 Return on Equity 48 Return on Revenue 50 Return on Assets 51 Earnings Per Share 51 Efficiency Indicators: How Long Does It Take a Company to Turn over Its Money? 52 Average Age of Inventory 53 Average Age of Accounts Receivable (Collection Period) 55 Average Age of Accounts Payable 56 Other Average Ages 57 Operating Cycle 57 Turnover Ratios 58 Revenue to Assets Turnover 58 Capital Structure Indicators: How Committed Are the Owners? 59 Debt to Equity 60 Assets to Equity (Leverage) 60 Other Indicators 60 Horizontal Analysis: Tracking Financial Trends 62 Time Series Graphs 62 Index-Number Trend Series 63 Conclusion 63 Review Questions and Exercises 64 4 ACCOUNTING BASICS 71 Introduction 71 Transaction Processing 71 Journalizing the Transaction 73 A Transaction to Enter Initializing Capital 74 A Vendor Billing Transaction 74 A Billing to the Client 76 Posting Entries to the Ledger 78 Relationship of Work-in-Progress and Revenue/Expense Accounts 80 Closing the Accounting Cycle 82 Recognition of Income 83 Percentage-of-Completion Method of Income Recognition 83 Completed-Contract Method of Income Recognition 85 Transactions during a Period 86 Posting to the General Ledger during the Accounting Period 88 Closing Actions at the End of the Period 91 Review Questions and Exercises 93 5 PROJECT-LEVEL COST CONTROL 97 Objectives of Project-Level Cost Control in Construction 97 Unique Aspects of Construction Cost Control 98 Types of Costs 99 The Construction Estimate 99 Cost Control System 101 Building a Cost Control System 101 Cost Accounts 103 Cost Account Structure 104 Project Cost Code Structure 106 Cost Accounts for Integrated Project Management 110 Earned Value Analysis 113 Labor Data Cost Collection 122 Review Questions and Exercises 125 6 FORECASTING FINANCIAL NEEDS 129 Importance of Cash Management 129 Understanding Cash Flow 129 Retainage 131 Project Cost, Value, and Cash Profiles 131 Cash Flow Calculation—A Simple Example 133 Peak Financial Requirements 136 Getting Help from the Owner 137 Optimizing Cash Flow 138 Project Cash Flow Estimates 141 Using Software for Cash Flow Computations 144 Company-Level Cash Flow Planning 145 Strategic Cash Flow Management: “Cash Farming” 145 Project and General Overhead 146 Fixed Overhead 148 Considerations in Establishing Fixed Overhead 149 Breakeven Analysis 151 Basic Relationships Governing the Breakeven Point 154 Review Questions and Exercises 155 7 TIME VALUE OF MONEY AND EVALUATING INVESTMENTS 161 Introduction 161 Time Value of Money 162 Interest 162 Simple and Compound Interest 163 Nominal and Effective Rate 165 Equivalence and MARR 166 Discount Rate 167 Importance of Equivalence 167 Inflation 168 Sunk Costs 169 Cash Flow Diagrams 169 Annuities 171 Conditions for Annuity Calculations 173 Calculating the Future Value of a Series of Payments 174 Summary of Equivalence Formulas 175 Worth Analysis Techniques: An Overview 176 Present Worth Analysis 179 Investments with Different Life Spans 180 Equivalent Annual Worth (EAW) 181 Internal Rate of Return 183 Limitations of the IRR Method 185 An Example Involving Cost Recovery 186 Comparison Using EAW 188 An IRR Example—Owner Financing Using Bonds 191 Review Questions and Exercises 194 8 CONSTRUCTION LOANS AND CREDIT 199 Introduction 199 The Construction Financing Process 200 A Sample Developmental Project 202 The Amount of the Loan 204 How Is the Cap Rate Determined? 205 Mortgage Loan Commitment 206 Construction Loan 206 Commercial Lenders 208 Lines of Credit 209 Interest Paid on Outstanding Balance 210 Commitment Fees 211 Compensating Balances 211 Clean-Up Requirement 212 Collaterals 212 Accounts Receivable Financing 213 Trade Credits 213 Long Term Financing 215 Loans with End-of-Term Balloon Payments 216 Review Questions and Exercises 218 9 THE IMPACT OF TAXES 219 Introduction 219 Types of Taxes 220 Income Tax Systems 221 Alternatives for Company Legal Organization 221 Sole Proprietorships 222 Partnerships 222 Corporations 222 Limited Liability Partnerships and Companies 223 Other Options 224 Taxation of Business 224 Business Deductions in General 227 Taxable Income: Individuals 227 Itemized Deductions, Standard Deductions, and Personal Exemptions 228 The Tax Significance of Depreciation 229 Calculating Depreciation 230 Straight Line Method 231 The Production Method 232 Depreciation Based on Current Law 233 Marginal Tax Rates 235 Tax Credits 238 Tax Payroll Withholding 239 Tax Payment Schedules 239 Marginal, Average, and Effective Tax Rates 239 Net Operating Losses 240 Taxes on Dividends and Long-Term Capital Gains 242 Alternative Minimum Tax 242 Summary 243 Review Questions and Exercises 243 APPENDIX A TYPICAL CHART OF ACCOUNTS 247 APPENDIX B FURTHER ILLUSTRATIONS OF TRANSACTIONS 251 APPENDIX C COMPOUND INTEREST TABLES 275 References 301 Index 305

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Book SynopsisThe most comprehensive and authoritative review of B-School fundamentals--from top accounting and finance professors For years, the Portable MBA series has tracked the core curricula of leading business schools to teach you the fundamentals you need to know about business-without the extreme costs of earning an MBA degree.Table of ContentsList of Downloadable Materials. Syllabus: How Chapter Topics in This Book Track the Core MBA Curriculum. Preface. Acknowledgments. About the Contributors. PART I FINANCIAL ACCOUNTING. 1 Understanding Financial Statements (Les Livingstone). 2 Analyzing Financial Statements (Les Livingstone). 3 Analyzing Business Earnings (Virginia Earll Soybel). PART II FINANCIAL MANAGEMENT. 4 Discounted Cash Flow (James A. Elfter). 5 Capital Structure (Craig A. Stephenson). 6 Planning Capital Expenditure (Steven P. Feinstein). 7 Global Finance (Michael J. Riley). PART III BUSINESS ENTITIES. 8 Choosing a Business Form (Richard P. Mandel). 9 Taxes and Business Decisions (Richard P. Mandel). 10 The Integrity of Financial Reporting (Les Livingstone). PART IV MANAGEMENT ACCOUNTING. 11 Forecasts and Budgeting (Robert F. Halsey). 12 Cost Structure Analysis, Profit Planning, and Value Creation (William C. Lawler). 13 Activity-Based Costing (William C. Lawler). PART V PLANNING AND STRATEGY. 14 Business Planning (Andrew Zacharakis). 15 Financial Management of Risks (Steven P. Feinstein). 16 Business Valuation (Michael A. Crain). 17 Profitable Growth by Acquisition (Richard T. Bliss). 18 Outsourcing (Theodore Grossman). PART VI ADVANCED TOPICS. 19 Information Technology and You (Dawna Travis Dewire). 20 Information Technology and the Firm (Dawna Travis Dewire). 21 Careers in Finance (Tracee Petrillo and Ralph J. Constantino). Glossary. Index.

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Book SynopsisThis practical book shows how to deal with the complicated area of accounting of financial instruments. Containing a huge number of sophisticated worked examples, the book treats this complex subject in a way which will give clear guidance on the subject.Table of ContentsPreface xi 1 Introduction 1 1.1 Introduction 1 1.2 Scope of the book 4 1.3 Background 6 1.4 Concerns over the misuse of financial instruments 8 1.5 Complexity 10 1.6 Revenue recognition 11 1.7 Inappropriate reward incentives 11 1.8 Protection for shareholders 15 1.9 Measuring the ‘traders’ dilemma’ 16 2 Accounting Foundations 21 2.1 Introduction 21 2.2 IASB improvements 22 2.3 The framework 23 2.4 Fair value or cost 24 2.5 Artificial volatility 26 2.6 Cost model 28 2.7 Cherry-picking 28 2.8 Subjective valuations 29 2.9 Proactive vs. reactive 29 2.10 Goodwill 29 2.11 Market value accounting 30 2.12 IFRS and its contribution to banking crises 31 2.13 IFRS post-Enron 32 2.14 Conclusion 41 3 Corporate Governance 43 3.1 Introduction 43 3.2 Corporate governance 44 3.3 Small vs. large shareholdings 45 3.4 Traders’ dilemma 46 3.5 Moral hazard 47 3.6 Credit rating agencies I 48 3.7 Shareholder democracy 49 3.8 Structured products 50 3.9 Revenue recognition 53 3.10 Non-consolidation 54 3.11 Credit rating agencies II 57 3.12 Accounting standards and lobbying 59 3.13 Investment entities 60 3.14 Conclusion 61 Appendix: Constant proportion debt obligations 62 4 Hedge Accounting 65 4.1 Introduction 65 4.2 Accounting for forward contracts 66 4.3 Accounting pre-IAS 39 67 4.4 Artificial volatility 68 4.5 Hedge accounting rules 69 4.6 Example: Forward rate agreement 74 4.7 Conclusion 76 5 Illustrative Examples: Hedge Accounting 77 5.1 Introduction 77 5.2 Illustration: Fair value hedge 78 5.3 Credit spreads 83 5.4 Cash flow interest rate swaps 91 5.5 Time value vs. change in interest rates 94 5.6 Long method fair value hedge 97 5.7 Foreign exchange hedge 100 Appendix: Documentation 114 6 Accounting for Structured Products (Market Risk) 117 6.1 Introduction 117 6.2 Risk adjusted return on capital 118 6.3 Bifurcation rules 120 6.4 The reward for risk 121 6.5 Protection for shareholders 121 6.6 Illustration: The structured products problem 122 6.7 The accounting treatment under embedded derivative rules 126 6.8 Past mistakes 127 6.9 Conclusion 128 Appendix 6.1: Overview of embedded derivative rules in international accounting reporting standards 129 Appendix 6.2: Introduction to derivatives 129 7 Accounting for Credit Risk 139 7.1 Introduction 139 7.2 Loan approvals 142 7.3 Credit spreads 144 7.4 Accounting standards 146 7.5 Credit rating agencies 147 7.6 Credit derivatives 148 7.7 Accounting for loans 151 7.8 Changes in the accounting standards 153 7.9 Accounting rules on credit derivatives and financial guarantees 156 7.10 Structured credit products: an extra layer of complexity 156 8 Accounting for Structured Products (Credit Risk) 159 8.1 Introduction 159 8.2 Securitisation overview 160 8.3 Regulatory arbitrage 162 8.4 Prepayment risk synthetic securitisations 162 8.5 Accounting for credit risk 164 8.6 Accountants, regulators and credit agencies 165 8.7 Complexity 168 8.8 Disclosure 169 8.9 Credit Suisse fiasco 169 8.10 Monoline insurance companies 171 8.11 Accounting implications 172 8.12 First to default 173 8.13 SFAS 157 valuations 174 8.14 Conclusion 174 9 Off-Balance Sheet Accounting 177 9.1 Introduction 177 9.2 Off-balance sheet manipulation 178 9.3 Case studies: off-balance sheet 180 9.4 Accounting implications 185 10 Reconciliation 199 10.1 Introduction 199 10.2 Middle office 201 10.3 Initial and variation margin 204 10.4 Example: Illustration of reconciliation 208 10.5 Conclusion 216 11 Moving Towards Mark-to-Market Accounting 217 11.1 Introduction 217 11.2 Liquidity and fair value 217 11.3 Banking vs. trading book 219 11.4 VaR 223 11.5 Basel 2 230 11.6 Accounting for VaR and IFRS 7 235 11.7 Conclusion 241 12 Accounting for Insurance 243 12.1 Introduction 243 12.2 Significance of insurance risk 244 12.3 IFRS vs. embedded value reporting 248 12.4 Finite insurance and unbundling 250 12.5 Other aspects of IFRS 4 252 12.6 Phase two embedded value 253 Appendix: The collapse of AIG 255 13 Conclusion 259 Glossary 265 Index 267

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Book SynopsisCan a brand qualify as an asset? Intangible assets are by their very nature difficult to value. This book shows how much confusion has existed over the classification of brands as assets and it has often been the case that purchased brands (brands with a firm value attached to them) have been included on balance sheets.Table of ContentsIntroduction PART ONE: ASSETS An alternative approach to the accounting definition of an asset The cognitive assumptions underpinning the accounting recognition of assets Transactions or events and the role of separability The impact of FRS10 on the accounting recognition of intangible assets PART TWO: BRANDS Breaking the link between brand assets and purchased goodwill The definition and accounting recognition of brand assets. PART THREE: THE POLITICS OF BRAND ASSETS The process of consultation, not consensus The process of consultation, not consensus continued.

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Book SynopsisUsing practical case studies and interviews with leading experts in the field, this book analyses the key elements in value creation. It provides practical guidance to organisations that will allow them to migrate into an economy that demands new business models.Trade Review"…this book aims at a paradigm change in management and names good reasons and arguments for it…" (Controller Magazin, May 2002) "…a comprehensive collection of material and a rich source for ideas around the topic of intangible assets management…" (is-report, September 2002) "…Daums suggestion…which unites the best concepts available in the market is brilliant and typical for times…" (Accounting, August 2002)Table of ContentsList of Interviews. Foreword. Foreward to the German edition. About the Author. Introduction. PART 1. NEW CORPORATE VALUES. Intangible Assets: The Foundation of a New Economy. New Corporate Success Factors. PART 2. THE NEW ENTERPRISE. Openness and Transparency as Success Factors. Value Creation through Structural Capital. PART 3. NEW MANAGEMENT. New Value Drivers Require a New Management Approach. Architecture and Elements of the New Management System. The New Performance Measurement and Accounting System. New Management Processes and Concepts for the New Management System. Implementing the New Management System - New Roles for Managers. PART 4. EPILOGUE. Intangible Assets and the Wealth of Nations. Bibliography. Index.

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Book SynopsisCalled "today's hottest financial idea and getting hotter" by fortune magazine, Economic Value Added (EVA) is the topic of conversation in financial circles around the world, from Germany and Japan to Singapore and South Africa.Table of ContentsThe EVA Revolution. Revving the Engine at Briggs & Stratton. The Right Way to Keep Score. How EVA Reshaped Armstrong World Industries and Boise Cascade. Earnings Per Share Don't Count-EVA Does. Serving the Service Industries. Making Managers into Owners. Banking on EVA. The EVA Financial Management System. Breaking the Regulatory Mould. Closing the GAAP between Earnings and EVA. SPX: Using EVA and Stretch Goals to Turn a Sputtering Jalopy into a Formula One Winner. Afterword: Becoming an EVA Company by G. Bennett Stewart III. Index.

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Book SynopsisA complete, compact guide to business valuation in divorce litigation The Handbook for Divorce Valuations is a comprehensive, practical handbook that covers every aspect of the CPA's role in divorce proceedings.Table of ContentsValuation Approaches and Applicability to Divorce Practice. Engagement Acceptance and Administration. The Engagement Process. Data Collection and Analysis. Industry Information--Where to Find It and How to UseIt. Are There Really Comparable Companies? Discounts and Premiums. Goodwill in a Divorce Context. Arriving at a Conclusion of Value. The Deposition. Preparing for the Trial. Direct Examination. Surviving Cross-Examination. Business Valuation Credentials, Organizations, and ProfessionalStandards. Marketing the Divorce Practice. Appendices. Index.

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Book SynopsisNo one has a clearer understanding of valuation than does Al King. He knows the nuts and bolts of this subject, as well as its intricacies, because he has practiced his profession on the factory floor, in the boardroom, and in the courtroom. The mathematics of valuation is easy to understand. Applying the underlying principles to the ever-growing myriad of business assets and issues is very difficult. Only a handful of valuation professionals have the breadth of knowledge and experience necessary to meet that challenge. The author of this book is one of them, and he conveys that experience in a readable style. He writes as he speaks- clearly and to the point. Anyone who wishes to understand the appraisal process as it pertains to business assets needs this book. --Gordon V. Smith, President, AUS Consultants Al King''s Valuation: What Assets Are Really Worth aims to give the reader a deep understanding of what ''value'' really means-and it succeeds brilliantly. King clearly explainsTable of Contents1. Cost, Value, and Price 12. Accounting for Value, Not Cost: Financial Reporting at the Crossroads 143. Investing for Value: Buying and Selling Assets 434. Adversarial Nature of Valuations: "Why Can't I Get A Higher (Lower) Answer?" 545. Cost Approach to Value 756. Income Approach to Value 917. Market Comparable Approach to Value 1078. Can Value Information Be Objective and Independent? 1299. What Will Happen in the Future? Why Assumptions Are Critical in the Valuation Process 14210. Hiring an Appraiser; Reading an Appraisal Report 15711. Providing Value Information to Shareholders and Analysts 16912. Allocation of Purchase Price: Tangible Assets 18013. Allocation of Purchase Price: Intangible Assets 20014. Good Property Records Increase Value and Save Money 22415. Don't Overpay Property Taxes! 24916. Adopting SFAS 141 and SFAS 142 26117. Valuing a Start-up Firm: Cheap Stock Options 275Index 289

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Book SynopsisIntellectual property is fast emerging as a new source of wealth and power that is based on knowledge rather than manufacturing might. At the same time, mergers and acquisitions are occurring as an increasingly frantic pace as companies try to meet the demands of the new economy and drive profitable growth.Table of ContentsPREFACE. ACKNOWLEDGMENTS. CHAPTER 1: MERGERS AND ACQUISITIONS: AN OVERVIEW (Patrick A. Gaughan, Ph.D., College of Business, Fairleigh Dickinson University, Economatrix Research Associates, Inc.). CHAPTER 2: THE ROLE OF INTELLECTUAL PROPERTY AND INTANGIBLE ASSETS IN MERGERS AND ACQUISITIONS (Robert Boyden Lamb, New York University, Stern Graduate School of Business). CHAPTER 3: INTANGIBLE ASSETS AND INTELLECTUAL PROPERTY ACCOMPANYING MERGERS AND ACQUISITIONS (Gordon V. Smith, AUS Consultants). CHAPTER 4: VALUATION OF INTELLECTUAL PROPERTY ASSETS IN MERGERS AND ACQUISITIONS (Michael J. Lasinski, INTECAP, Inc.). CHAPTER 5: ACCOUNTING FOR INTELLECTUAL PROPERTY DURING MERGERS AND ACQUISITIONS (Andrew W. Carter, INTECAP, Inc.). CHAPTER 6: INTELLECTUAL PROPERTY ASPECTS OF ACQUISITIONS (Glenn A. Gundersen, Dechert). CHAPTER 7: U.S. ANTITRUST AND INTELLECTUAL PROPERTY IN MERGERS AND ACQUISITIONS (Thomas G. Jackson, Phillips Nizer Benjamin Krim & Ballon, LLP). CHAPTER 8: INTELLECTUAL PROPERTY AND TECHNOLOGY DUE DILIGENCE IN BUSINESS TRANSACTIONS (Sheldon Burshtein, Blake, Cassels & Graydon, LLP). CHAPTER 9: INTELLECTUAL PROPERTY, DUE DILIGENCE, AND SECURITY INTEREST ISSUES IN MERGERS AND ACQUISITIONS (Melvin Simensky, Visiting Scholar in Intellectual Property Law, New York Law School; William M. Heberer, Hall Dickler Kent Goldstein & Wood, LLP). CHAPTER 10: PATENT OPINIONS (David A. Loewenstein, Brown Raysman Millstein Felder & Steiner, LLP). CHAPTER 11: INTERNATIONAL MERGERS AND ACQUISITIONS: THE CANADIAN PERSPECTIVE (Francois Painchaud, Louis-Pierre Gravelle, Panagiota Koutsogiannis, Christian Danis, and Matie-Eve Cote, Leger Robic Richard). CHAPTER 12: INTERNATIONAL MERGERS AND ACQUISITIONS: THE EUROPEAN PERSPECTIVE (Benedict Bird, Anna Carboni, and Deborah Lincoln, Linklaters & Alliance). CHAPTER 13: INTELLECTUAL PROPERTY TRANSFERS TO HOLDING COMPANIES (Susan Barbier Montgomery and Leonard Schneidman, Foley Hoag & Eliot, LLP). CHAPTER 14: OFFSHORE CORPORATIONS (Tira Greene, Consultant, Anguilla; Michael J. Ward, Counsel Limited, Anguilla). CHAPTER 15: ACQUISITION AND LICENSING OF FAMOUS NAME TRADEMARKS AND RIGHTS OF PUBLICITY IN THE UNITED STATES (Theodore C. Max, Phillips Nizer Benjamin Krim & Ballon, LLP). CHAPTER 16: TRANSFER OF INTELLECTUAL PROPERTY UPON MERGER OR ACQUISITION (Lanning G. Bryer and Scott J. Lebson, Ladas & Parry). INDEX.

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Book SynopsisThis text presents international accounting within the context of managing multinational enterprises, focusing on business strategies and how accounting applies to these strategies. This unique approach gives students the opportunity to learn about international accounting from a perspective similar to what they will experience in the business world. The book explains the key factors that influence accounting standards and practices in different countires, and how those factors impact the convergence of standards worldwide. Particular emphasis is given to culture and its unique contribution to accounting standards and practices worldwide. The book focuses on the needs of users of financial and accounting information across borders with the aim of enhancing their understanding of how to use information and make more informed decisions in an increasingly complex and dynamic international business environment.Table of ContentsChapter 1 International Accounting and International Business 1 Introduction 1 The International Development of the Accounting Discipline 2 National Differences in Accounting Systems 5 The Evolution and Significance of International Business 6 Forms of International Involvement 9 Environmental Influences on Accounting 15 Major Development Factors 18 Accountability and Multinational Enterprises 24 Accounting Aspects of International Business 25 The Field of International Accounting 26 Summary 29 Case: Toyota’s Global Expansion Case: Ahold and the Challenges of Going Global These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 2 International Accounting Patterns, Culture and Development 34 Introduction 34 Purposes of International Classification 35 Classification of Accounting and Reporting Systems 35 Cultural Influences on Accounting Systems 41 Culture, Societal Values, and Accounting 42 International Pressures for Accounting Change 52 Summary 54 Case: General Motors and Japanese Convergence vs. Chinese Convergence Case: Inductive Methods and Deductive Methods Relating Reporting Standards to Cultural Values These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 3 Comparative International Financial Accounting I 60 Introduction 60 Anglo-American Accounting 62 Nordic Accounting 65 Germanic Accounting 67 Latin Accounting 70 Asian Accounting 72 Summary 74 Case: Reporting Standards vs. Tax Standards Case: EU Conversion These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 4 Comparative International Financial Accounting II 79 Introduction 79 Anglo-American Accounting 82 Latin Accounting 83 Asian Accounting 85 Eastern European Accounting 88 Summary 91 Case: Small GAAP vs. Large GAAP Case: Developing Countries These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 5 International Financial Statement Analysis 95 Introduction 95 International Accounting Differences and Financial Statement Analysis 96 Major Differences in Accounting Principles Around the World 99 The Impact of U.S.-U.K. Accounting Differences: A Quantitative Analysis 103 A Global Perspective on Earnings Measurement 106 A Comparative Global Analysis 108 International Accounting Differences and the Stock Market 109 Factors Influencing Measurement Differences 109 Global Accounting Convergence 110 Summary 110 Case: Alcatel and Lucent Case: Hanson and ICI These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 6 International Transparency and Disclosure 124 Introduction 124 The Meaning of Transparency 125 Disclosure in Corporate Reports 126 International Disclosure Regulation 135 Corporate Reporting Trends 139 Corporate Review Information 139 Operations Review 143 Financial Review 144 Frequency and Timeliness of Reporting 145 Growing Pressures for Transparency 145 Summary 145 Case: Infosys Technologies (India) Case: Stora Enso and the Versel Vision—A Model of Sustainability These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 7 International Accounting Standards and Global Convergence 151 Introduction 151 Governments 153 Trade Unions and Employees 167 Investors 169 Bankers and Lenders 171 Accountants and Auditors 171 The International Harmonization and Disclosure Debate 182 Summary 183 Case: European Adoption of IFRS Case: IAS 39 These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 8 International Business Combinations, Goodwill, and Intangibles 189 Introduction 190 Consolidated Financial Statements 190 Funds and Cash Flow Statements 197 Joint Venture Accounting 199 Goodwill and Intangibles 200 Goodwill 202 Brands, Trademarks, Patents, and Related Intangibles 209 Research and Development 213 Summary 216 Case: Multigroup (Switzerland) Case: Vodafone’s Operations These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 9 International Segment Reporting 223 Introduction 223 Users and Uses of Segment Information 224 The Benefits of Segment Reporting 225 The Costs of Segment Reporting 226 International Financial Reporting Standards 227 Regulations around the World 228 Segment Reporting Problems 231 The Dual-Yardstick Proposal 234 Summary 241 Case: BMW Case: Nestlé These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 10 Accounting for Foreign Currency 246 Introduction 246 Basics in Foreign Exchange 247 Foreign Currency Transactions 250 Translation of Foreign Currency Financial Statements 254 Translation Methodologies: An Overview 255 International Accounting Standards 257 Historical Development in the United States 257 Convergence 274 Summary 274 Case: Kamikaze Enterprises Case: Coca-Cola These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 11 International Accounting for Price Changes 284 Introduction 284 Impact of Inflation on the Corporation 285 Accounting Measurement Alternatives 286 International Financial Reporting Standards 289 Comparative National Regulation and Practice 291 Problems and Prospects 298 Summary 299 Case: BP Case: Fosters Brewing Group These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 12 Corporate Governance and Control of Global Operations 303 Introduction 303 Global Strategic Issues 304 Informal and Subtle Mechanisms 308 Organizational Structure 308 Corporate Governance 313 International Importance of Governance 316 Studies on International Corporate Governance Practices 317 Cross National Differences in Corporate Governance 322 Internal Controls 326 The Role of Information Technology in MNEs 328 Firm Strategy, Structure, and the Accounting Function 332 Summary 334 Case: P&G and Unilever—Restructuring for Growth Case: The Royal Dutch/Shell Scandal These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 13 Managing Foreign Exchange Exposure 342 Introduction 342 Foreign Exchange 343 Types of Hedging Exposure 353 Hedging Strategies 356 Accounting for Foreign Currency Derivatives 360 Use of Derivatives to Hedge a Net Investment 369 Disclosure of Derivative Financial Instruments 369 Summary 371 Case: Nokia’s Foreign Exchange Exposure Case: RadCo International These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 14 International Budgeting and Performance Evaluation 380 Introduction 380 The Strategic Control Process 381 Empirical Studies of Differences in Management Accounting and Control Practices Across Nations 382 Challenges of Control in the Global Firm 390 Intracorporate Transfer Pricing 397 Performance Evaluation Issues 403 Economic Value Added 405 The Balanced Scorecard 407 Summary 409 Case: Niessen Apparel Case: Global Telecom These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 15 International Auditing Issues 420 Introduction 420 The Accounting and Auditing Profession 421 Global Audit Services and the International Auditing Challenge 422 Audit Challenges: Local Business Practices and Customs 424 Audit Challenges: Currency, Language, and Law 425 Audit Challenges: Distance and Organization for Providing Audit Services 425 Audit Challenges: Audit Impediments from International Diversity,Availability, and Training of Auditors 427 Global Accounting Firms 430 Audit Standards 434 Summary 455 Case: Lucas International: Coordinating an International Audit Case: Xerox Corporation These cases can be found on the following website: www.wiley.com/college/radebaugh Chapter 16 International Taxation Issues 464 Introduction 464 Direct Taxes 465 Indirect Taxes 468 The Avoidance of Double Taxation of Foreign Source Income 469 U.S. Taxation of Foreign Source Income 471 Tax Effects of Foreign Exchange Gains and Losses 475 Tax Incentives 477 Tax Dimensions of Expatriates 478 Intracorporate Transfer Pricing 479 Tax Planning in the International Environment 482 Summary 483 Case: Transfer Pricing Case: Midwest Uniforms These cases can be found on the following website: www.wiley.com/college/radebaugh Name and Company Index 489 Subject Index 493

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Book Synopsis

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Book SynopsisHappiness and success are goals we all strive for. But how do we achieve these goals, and how do we protect ourselves if we fail? The answer lies within the power of the mind.Dr. Joseph Murphy, one of the world''s best—known authorities on the power of the subconscious mind, shows readers not only how to unleash this power, but how to harness it and effectively use it to change their lives. Fully updated to reflect the sensibilities of the 21st century, this revised edition of a self—help classic is the key to overcoming the psychological barriers that stand in the way of greater material, spiritual, and emotional wealth.

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Book SynopsisThe fully revised and updated Third Edition of this textbook provides an accessible introduction to accounting for students coming to the subject for the first time. It embraces the basic techniques and underlying theoretical concepts in accounting and shows how these are applied in various circumstances.This New Edition incorporates major changes which improve and update the previous edition. It can be easily used by students working on their own, as well as in a classroom environment.It provides:- Fully illustrated & worked examples- Student Activities - End of chapter questions, many of which have been taken from major accounting examination bodies. -The solutions to all activities are given at the end of each chapter, and answers to the end of chapter questions are also supplied. Introduction to Accounting is an essential textbook for undergraduate accounting students. It is designed to meet the needs of both the non-specialist and those intending to specialise in accounting at undergraduate and also postgraduate levels. The Solutions Manual will be available via the SAGE website.Trade Review`Introduction to Accounting has already stood the test of time, and this new and improved third edition will ensure that it remains one of the best, if not the "best ever" introductory textbooks on accounting′- Michael Sherer, University of Essex `I think the book admirably achieves the authors′ objective of providing an introduction to accounting which embraces both the basic techniques and the underlying theoretical concepts′- Accounting and Business Research `…an excellent book which should be compulsory reading for all first year students on accounting degree courses′- Association of Banking Teachers BulletinTable of ContentsTHE FRAMEWORK OF ACCOUNTING The Accounting Process Suppliers of Accounting Information Financial Accounting and Management Accounting Compared External Users of Accounting Information Principal Accounting Statements THE BALANCE SHEET The Entity Concept Classification of Assets and Sources of Finance The Accounting Equation: A Further Illustration Raising Further Finance The Investment Decision Business Development The Trading Cycle Reporting Changes in Owner′s Capital Assets = Capital + Liabilities Valuation of Assets PROFIT CALCULATED AS THE INCREASE IN CAPITAL Profitable Activity Profit and Changes In Gross Assets Balance Sheet Presentation: Vertical Format Profits, Losses and Changes In Net Assets Profit Measured By Capital Changes Capital Injections and Withdrawals THE PREPARATION OF ACCOUNTS FROM CASH OR INCOMPLETE RECORDS Accounting Systems and Information Requirements The Matching Concept Gross Profit and Net Profit The Problem of Periodic Profit Calculation The Identification of Revenue: The Realization Concept Matching Expenditure With Revenue: The Benefit Principle The Preparation of Accounts From Cash Records: A Worked Example Clubs and Societies THE DOUBLE ENTRY SYSTEM I The Inital Recording of Transactions Introduction Cash Flows Flows Of Goods And Services THE DOUBLE ENTRY SYSTEM II Ledger Accounts and the Trial Balance Introduction The Interlocking Effect of Transactions Ledger Accounts Books of Prime Entry Control Accounts For Debtors and Creditors The Trial Balance Computerized Accounting Systems Advantages of Double Entry THE DOUBLE ENTRY SYSTEM III Periodic Accounting Reports Periodic Accounts Adjustments To The Trial Balance Stocks (Inventories) Depreciation Disposal of Fixed Assets Prepayments and Accruals Bad Debts The Adjusted Trial Balance ASSET VALUATION, PROFIT MEASUREMENT AND THE UNDERLYING ACCOUNTING CONCEPTS Asset Valuation and Profit Measurement Tangible Fixed Assets Intangible Fixed Assets Stock Valuation Methods Accounting Concepts PARTNERSHIPS Introduction The Partnership Agreement The Creation of A Partnership The Division of Profit Capital and Current Accounts Changes in Membership Change in Profit-Sharing Ratio Dissolution of Partnerships COMPANY ACCOUNTS Formation of Registered Companies The Annual Report Other Sources of Information Share Capital Share Premium Account Share Forfeiture The Rights Issue Loan Capital and Debentures The Appropriation Account Revaluation Reserve Redemption of Debentures Bonus (Capitalization, Scrip) Issue of Shares Reporting Financial Performance (FRS 3) Groups of Companies Goodwill and Intangible Assets (FRS 10) Research and Development (SSAP 13) Limitations of Company Accounts INTERPRETATION OF ACCOUNTS The Cash Flow Statement Introduction Format Statement Construction Some Complexities of The Cash Flow Statement Interpretation using The Cash Flow Statement INTERPRETATION OF ACCOUNTS Ratio Analysis The Need for Profit and Cash Principles of Ratio Analysis Classification of Accounting Ratios Return on Capital Employed Profit Ratios Solvency Ratios Asset Turnover Ratios Relationship Between Accounting Ratios Gearing (or Leverage) Cash Flow Statement Ratios Limitations of Accounting Ratios Linking Together Cash Flow Analysis and Ratio Analysis DECISION-MAKING Introduction Cost Behaviour Total Costing and Overhead Recovery Rates Investment Appraisal Forecast Results STANDARD COSTING AND BUDGETARY CONTROL Introduction Budgetary Control Preparation of Budgets Standard Costing Calculation of Variances End of chapter questions (After each chapter) Solutions to activities (After each chapter)

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Book SynopsisFocuses on accounting and economic development issues in developing countries, with special reference to Africa. This work is a collaboration between African and non-African scholars. It includes chapters that incorporate changes in accounting practices that have arisen between February 1993 and December 1997.Table of ContentsEditorial board. List of contributors. Introduction to the series. Accounting and development: a special case for Africa (R.S. Olusegun Wallace). African Accounting and Economic Development. Accounting and economic development (S. Ndzinge, R.J. Briston). A macro approach for developing the accounting infrastructure in Third World economies (F.E. Amenkhienan et al.). Accounting Education and its Future. The future shape of accounting and accounting education (S.R. Letza, R.S. Olusegun Wallace). Accounting education and training in Botswana: a critical analysis (B.A.S. Magembe et al.). The role of accounting in economic development: financial training lessons from the public sector of Lesotho (S. Gill). Information technology and the accountant-cum-financial-manager: the case of Malawi (N.J. Ronan, F.E. Amenkhienan). Public Sector Audit, Taxation, and Privatization. The relevance of value for money audits toward economic development (C.A. Kyara, M.J. Kedslie). Economic versus equity considerations in forging tax policies for emerging economies: the case of Lesotho (K. Hlasa, M. Hagigi). Privatization and the further development of accounting policy in Africa (C.C. Okeahialam, M.J. Kedslie). Corporate Finance in Southern Africa. Risk and the Botswana stock market (K. Chisambi et al.). Interest rates and the demand for bank credit in Botswana (K.R. Jefferis). Corporate Financial Reporting in Southern Africa. The usefulness of annual financial statements to loan officers in Zimbabwe (O.L. Odhiambo, J. Simon). A review of disclosure requirements and accountability in Botswana (C.O. Agum et al.). Regular Articles: Accounting in Nigeria. Cost accounting among Nigerian artisans (D.P.S. Asechemie, J.O. Iker). A longitudinal analysis of the quality of audit reporting on the accounts of listed companies in Nigeria following the indigenization of equity capital (1978-1989) (E.N.M. Okike).

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Book SynopsisAdvances in Accounting Behavioral Research promotes research across all areas of accounting, incorporating theory from, and contributing knowledge to, the fields of applied psychology, sociology, management science, ethics and economics.Table of ContentsPart 1: Perspectives on Behavioral Research in Accounting. Where have all the leaders gone? (S. Sutton). Part II: Accounting Behavioral Research. A new culture? Evidence of support for diversity in public accounting performance evaluation judgments (E.N. Johnson et al.). Auditor work and its outcomes: an application of the job characteristics model to large public accounting firms (T.J. Fogarty, B. Uliss). Evaluating audit risk: the effects of tolerence-for-ambiguity, industry characteristics, and experience (B.A. Makkawi, R.W. Rutledge). The effect of role stress on budgetary participation and job satisfaction-performance linkages: a test of two different models (V.K. Chong, D. Bateman). The early identification of managerial motivation: an empirical examination (S.M. Bryant et al.). The influence of attributions and budget emphasis and risk preferences under conditions of unfavorable budget variances (D. Ryan, K. Wentzel). Accuracy and calibration in professional judgment: a study of tax practitioners (D. Samelson, C. Jeffrey). Relational demography and career outcomes among male and female academic accountants (C. Kirchmeyer et al.). Part III: Accounting Behavioral Theory. Creating an ethically driven organization: a model for fostering an epidemic of ethical intensity (V. Arnold et al.). Belief functions in accounting behavioral research (R.P. Srivastava, T.J. Mock). Theoretical reflections on the use of students as surrogate subjects in behavioral experimentation (M. Walters-York, A.P. Curatola). E-research: moving behavioral accounting research into cyberspace (T.L. Herron, G.R. Young, II).

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Book SynopsisMaurice Peloubet was Vice President and Treasurer of the American Institute of Accountants, as well as a National Director of the National Association of Cost Accountants. This autobiography lends an insight into the thinking of an influential practitioner of the early 20th Century American CPA Profession.

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Book SynopsisThe eighth volume of "Research on Accounting Ethics" addresses a wide range of issues including faculty perceptions on the inclusion of business ethics in the curriculum and the importance of context in investigating auditors' moral abilities.Table of ContentsEssays: attributes of ethical audit decision making, M.J. Abdolmohammadi; expansion of the concept of fiduciary duty, M.B. Armstrong, J. Carr; a responsibility-based approach to systems development for professional service firms, K. Yuthas, J.F. Dillard; faculty perceptions regarding the inclusion of business ethics in the curriculum, R.A. Larson; critical thinking and the moral reasoning of intermediate accounting students, R.A. Bernardi et al.; accountants' perceptions of the ethics of earnings management, R.Z. Elias; impact of cognitive moral judgment ability on knowledge of red flags, D.H. Roberts, J.P. Koeplin; ethical decisions and the dilution effect - the impact of nondiagnostic information on ethical decisions, T.L. Herron, G.R. Young II; a taxonomy of auditors' professional scepticism, M.K. Shaub, J.E. Lawrence; the importance of context in investigating auditors' moral abilities, D.W. Massey. Case section: International Textile, Inc., M.N. Nourayi, S.M. Mintz; academic ethics cases; extracurricular activities; to publish or not to publish; accounting club activities, B.N. Schwartz, S. Mintz; ethical dilemma in student organization - a teaching case integrating moral reasoning, virtue theory and discourse as an approach to resolution, J.L. Mobus, A.K. Styles.

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Book SynopsisAdvances in Accounting Education is a refereed, academic research annual whose purpose is to meet the needs of faculty members interested in ways to improve their classroom instruction. Contributions include empirical and non-empirical articles and emphasize pedagogy, explaining how teaching methods or curricula/programmes can be improved.Table of ContentsLearners as designers - a hypermedia authoring project as an instructional strategy in accounting, J.L. Ammons, S.K. Mills; Make student feedback meaningful - customizing course critiques, J.M. Thornton, M.J. Hornyak; The use of peer tutors in introductory financial accounting, J. Dillard-Eggers, T.C.Wooten; How to stimulate learning in large classes, K.K. Jensen, J.R. Segovia; Developing personal competencies through service learning - a role for student organizations, G.L. Cook, et al; Assessment of introductory accounting courses - the key to continuous improvement, M.F. Cornick, et al; Core competencies - mapping the vision-aligned academic framework into the vision project, N. Barsky, et al; Effective accounting instruction - a comparison of instructor practices and student perspectives, D.S. Kerr, L. Murphy Smith; Validity check on the accounting prerequisites within the business curriculum, H. Turetsky, G. Weinstein; Students' perceptions of learning in a Web-assisted financial statement analysis course, M. Abdolmohammadi, et al; What should accounting doctoral programs focus on? An economic perspective, R. Doogar; Rethinking AIS - an innovative financial information systems curriculum, J. Callaghan, et al; Using problem-based learning to promote skill development in the accounting classroom, C.D. Edmonds, et al; Creating a custom-published textbook to facilitate curriculum change: an example from advanced accounting, D.W. Massey, J. van Hise; Cooking the books or managing earnings - students draw the line, L.F. White; A beginner's guide to internet-enhanced financial accounting courses, L.W. Dudley, R.R. Kopel.

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Book SynopsisThe supplement presents an intriguing combination of 21 chapters on Accounting and Accountability in Emerging and Transition Economies

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Book SynopsisExplains how the accounting profession and the FASB failed to deal with developing problems, and how there is hope that the integrity of the profession can be restored. The author presents his basic belief that only a historical cost based system can be used to establish the reliability in financial data.Table of ContentsThe Challenges Accounting Faces. The Growth of Accounting. Generally Accepted Accounting Principles: The Great Misconception. The Rise of Standard Setters. Public Accounting and Corporate Responsibility. Managerial Accounting, Inflation, and Capital Formation. The FASB and the Conceptual Framework. The Future of Accounting. References. Name Index.

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Book SynopsisFeatures articles encompassing various areas of accounting that incorporate theory from and contribute knowledge and understanding to the fields of applied psychology, sociology, management science, and economics. This eighth volume promotes research that integrates accounting issues with organizational behavior, and cognitive psychology.Table of ContentsBelief Revision in Accounting: A Literature Review of the Belief-Adjustment Model. Auditor Calibration in the Review Process. Linguistic Delivery Style, Client Credibility, and Auditor Judgment. Client Inquiry via Electronic Communication Media: Does the Medium Matter? Role Morality and Accountants Ethically Sensitive Decisions. The Effect of Managers Moral Equity on the Relationship Between Budget Participation and Propensity to Create Slack: A Research Note. Asymmetric Effects of Activity Based Costing System Cost Reallocation. Examining the Role of Culture and Acculturation in Information Sharing. The Effects of the Value Attainment and Cognitive Roles of Budgetary Participation on Job Performance.

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Book SynopsisProvides a framework for exploring the relationships between the measurement of non-financial performance at the shop-floor of manufacturing firms across four different countries (UK, Italy, Japan, and Canada) and a range of twenty-eight contingent factors incorporating technological, managerial, organisational and environmental factors.

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Book SynopsisExplains how faculty members can improve their teaching methods or how accounting units can improve their curricula/programs.Table of ContentsTeaching the income statement: Framing the discussion within the context of earnings quality. Using SEC enforcement releases to teach auditing and ethics-related concepts. Tax software versus paper return: the effect of a computerized decision aid on cognitive effort and student learning. Revisiting hiring decisions by public accounting: the impact of educational path, age and gender. Learning to interpret and reconcile tax authority. A new approach to improving and evaluating student workplace writing skills. Integrating tax and financial accounting: three exercises for use in tax and financial accounting classes. Groupthink in accounting education. The effect of fraud triangle factors on students’ cheating behaviors. Current factors and practices related to instructional approach in the introductory financial accounting course. Does ethics instruction make a difference?. Using the Albrecht and Sack study to guide curriculum decisions. Using a technology-mediated approach to create a practice–feedback–interaction process for use with accounting courses. Student turned consultant: teaching the balanced scorecard using experiential learning. A preliminary study of learning objectives across the curriculum: an analysis of various accounting textbooks. List of Contributors. Advances in accounting education: teaching and curriculum innovations. Advances in accounting education: teaching and curriculum innovationsvolume 9. Copyright page.

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Book SynopsisIntends to meet the needs of faculty members interested in ways to improve their classroom instruction. This title includes both non-empirical and empirical articles dealing with accounting pedagogy at college and university level.Table of ContentsList of Contributors. Increasing the competency focus using a project-driven strategy. Resume as a balanced scorecard: Teaching the balanced scorecard using analogy. Do Online homework systems improve student performance?. Beta Alpha Psi faculty advisor profiles and the incentives to serve. An examination of the links between SRS technology and an active learning environment in a managerial accounting course. Accounting doctoral programs: A multidimensional description. Increasing student awareness of the accounting profession: Utilizing accounting career panels as a cocurricular student activity. Virtual groups in a cost accounting course: Group dynamics, outcomes, and participant satisfaction. Assessing service-learning outcomes for students participating in VITA programs. Student perceptions of web-based homework software: A longitudinal examination. Publishing and utilizing relevant research in accounting: The impact on the perception of effective teaching. Unauthorized electronic access: Students’ ethics, attitudes, and actions. EDITORIAL REVIEW BOARD. CALL FOR PAPERS. WRITING GUIDELINES. STATEMENT OF PURPOSE. Advances in accounting education: teaching and curriculum innovations. Advances in accounting education: teaching and curriculum innovations. Copyright page.

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Book SynopsisGerhard G Mueller is best known for his work in the area of international accounting, but his contributions have spanned many areas of accountancy teaching, research, and professional service. His books and leadership roles have made him the premiere international accountant of the 20th century.

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Book SynopsisIncludes research papers that examines various issues including the adoption of International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSASs), management accounting change in the context of public sector reforms, corporate reporting disclosures, auditing, etcetera.Table of ContentsList of Contributors. List of Reviewers. CALL FOR PAPERS. About the volume. A trail of unintended consequences: Management accounting information in a volatile environment. A new institutional analysis of IFRS. The relationship between auditor size and audit fees: further evidence from big four market shares in emerging economies. Factors Influencing Corporate Disclosure Transparency in the Active Share Trading Firms: An Explanatory study. Analysis of the determinants of corporate social responsibility disclosure in the annual reports of Tunisian listed firms. Corporate environmental and climate change disclosures: Empirical evidence from Bangladesh. The adoption of IPSASs in South Asia: A comparative study of seven countries. The roles of degree of competition and types of business strategies in adopting multiple performance measurement practices: some reflections from Bangladesh. The adoption of accrual accounting in the Indonesian public sector. Toward IFRS: economic consequences of accounting convergence in an emerging economy. Research in accounting in emerging economies. Research in accounting in emerging economies. Copyright page.

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Book SynopsisAddresses Global Accounting History developments, focusing upon financial reporting, and related institutional aspects of disclosures for accountability and decision making purposes. This title also addresses five countries of the Americas, Argentina, Brazil, Canada, Mexico and the United States of America.

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Book SynopsisThe Global Accounting History four volume set aims to establish a benchmark reference source that covers the evolution of accounting, financial reporting and related institutions for all major economies in the world in a comparable way.

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Book SynopsisAn Introduction to Actuarial Studies provides a contemporary guide to actuarial technique and practice. This substantially revised and extended new edition includes: New and thoroughly updated material Many more exercises with solutions to allow the reader to establish confidence in using actuarial techniques.Trade ReviewAcclaim for the first edition:The book is very easily readable; the pedagogical expertise of the authors comes through in simple, clear and intuitive explanations of actuarial concepts that most students find difficult. -- --British Actuarial JournalTable of ContentsContents: Preface 1. Introduction 2. Valuation of Financial Transactions 3. Demography 4. Actuarial Practice 5. Valuation of Contingent Payments References Index

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Book SynopsisSalary, bonus, and benefit data for 39 jobs across the industry. The Single-Family Builder Compensation Study, 2017 Edition was conducted in July 2017 by the NAHB Housing Policy and Economics Group. It collected data on compensation and benefits for 39 common positions at single-family home building companies.

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Book Synopsis

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Book SynopsisThis is the sixth volume in a series dealing with such topics as information systems practice and theory, information systems and the accounting/auditing environment, and differing perspectives on information systems research.

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Book SynopsisAccounting education ought to prepare future professionals to enter a principles-based, rules-oriented field of activity wherein technical knowledge of accounting standards (principles, rules and decision procedures) and ethical awareness (the capacity to discern moral issues and resolve ethical dilemmas) are crucial. Accounting education is best performed by the accountant's adherence to the principles of the accounting profession and by individuals and firms following the appropriate rules, act according to the codes of conduct adopted by their profession, exercise clear judgment whenever they address financial transactions and consider/assess the state of a given business.Accounting Ethics Education: Making Ethics Real gathers a diversity of contributions from invited well-known experts and other specialists. It promotes comprehensive reflection around key trends, discussing and highlighting the most updated research on accounting ethics education, being aTable of ContentsPart 1 Ethical training: preparing from the inside 1. Decreasing cheating and increasing whistle-blowing in the classroom: a replication study Richard A. Bernardi, Samantha A. Bilinsky, Callie H. Chase, Lisa D. Giannini & Samantha A. MacWhinnie 2. Barriers to teaching accounting ethics: accounting faculty qualifications and students’ ability to learn James E. Rebele & Kent St. Pierre 3. Audit education: toward virtue and duty Bruce Wayne Stuart, Iris Caroline Stuart & Lars Jacob Tynes Pedersen 4. Accounting ethics in the undergraduate curriculum and the impact of professional accreditation Christopher J. Cowton 5. Corporate sustainability and social responsibility in the accounting profession: educational tools to advance accounting ethics education Michael Kraten & Martin T. Stuebs, Jr. 6. The case for ethics instruction in the age of analytics Margaret N. Boldt & Robert L. Braun Part 2 Giving voice to values: making ethics real 7. Giving voice to values – operationalizing ethical decision making in accounting William F. Miller & Tara J. Shawver 8. Incorporating behavioral ethics and organizational culture into accounting ethics Steven M. Mintz & William F. Miller 9. Putting ethical dilemmas on students' 'RADAR' Joan Lee & Dawn W. Massey

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Book Synopsis

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