Financial accounting Books

Book SynopsisThis technical guidance note lays out the requirements for presenting, auditing, submitting, and publicly disclosing financial reports for sovereign operations financed by ADB in Asia and the Pacific region.It highlights why robust financial reporting, auditing, management, and monitoring of sovereign operations funded or administered by ADB is essential to ensure they comply with its mandate.Stressing the importance of strong borrower governance, it emphasizes how timely reporting and auditing contributes to ADB's broader objectives of poverty reduction, inclusive growth, environmental sustainability, and regional integration.

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Book SynopsisThe book offers an overview of credit risk modeling and management. A three-step approach is adopted with the contents, after introducing the essential concepts of both mathematics and finance.Initially the focus is on the modeling of credit risk parameters mainly at the level of individual debtor and transaction, after which the book delves into counterparty credit risk, thus providing the link between credit and market risks. The second part is aimed at the portfolio level when multiple loans are pooled and default correlation becomes an important factor to consider and model. In this respect, the book explains how copulas help in modeling. The final stage is the macro perspective when the combination of credit risks related to financial institutions produces systemic risk and affects overall financial stability.The entire approach is two-dimensional as well. First, all modeling steps have replicable programming codes both in R and Matlab. In this way, the reader can experience the impact of changing the default probabilities of a given borrower or the weights of a sector. Second, at each stage, the book discusses the regulatory environment. This is because, at times, regulation can have stricter constraints than the outcome of internal models. In summary, the book guides the reader in modeling and managing credit risk by providing both the theoretical framework and the empirical tools necessary for a modern finance professional. In this sense, the book is aimed at a wide audience in all fields of study: from quants who want to engage in finance to economists who want to learn about coding and modern financial engineering.

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Book SynopsisIf you want to understand the regulations and practices of financial accounting and reporting, this is the book for you! The authors of this book have developed a unique set of material on corporate financial reporting based on their collective years of teaching experience. In this book, they explain, in non-technical language, the financial information that companies are required to provide.What are companies? Why are they formed? Companies are not charities but are formed to provide a good income to their shareholders by selling us goods and services. Large companies in the UK are mostly known as Public Limited Companies (PLCs). There are about 2,000 PLCs in the London Stock Exchange. But do we understand these companies' objectives and activities? We can do so by examining the financial information they provide publicly in their annual financial reports.To be able to examine the financial statements issued by companies, you need to understand the regulations issued by the International Accounting Standards Board (IASB). This book explains the requirements of Financial Reporting Standards. Guidance on the disclosure requirements and examples from companies' financial reports are also provided and explained. Many of these company names are synonymous with our everyday lives. Think about Cadbury Chocolate, Unilever, Diageo, Shell, Boots. It is difficult to conceive our lives without their products and services. The explanation and guidance provided in this book will allow you to understand fully the operations of such companies. This is vital knowledge if you intend to do business with the companies, buy their products and services or find employment with them.

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Book SynopsisNewsProfessor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University).Advances in Quantitative Analysis of Finance and Accounting is an annual publication to disseminate developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. The objective is to promote interaction between academic research in finance and accounting and applied research in the financial community and the accounting profession.The papers in this volume cover a wide range of topics including earnings management, management compensation, option theory and application, debt management and interest rate theory, and portfolio diversification.Table of ContentsReal Option Based Equity Valuation Models: An Empirical Analysis (A W Richardson et al.); Firm Performance and Compensation-Based Stock Trading by Corporate Executives (Z Iqbal); Management Compensation, Debt Contract, and Earnings Management Strategy (C-L Lee & V W Liu); Risky Debt-Maturity Choice under Information Asymmetry (S Liu & C Wu); Estimated Operating Cash Flow. Reported Cash Flow from Operating Activities, and Financial Distress (T J Ward et al.); Earnings Surprise and the Relative Information Content of Short Interest (J Mercado-Mendez et al.); Group Types and Earnings Management (M-J Shiue et al.); A Bayesian Approach for Testing the Debt Signaling Hypothesis in a Transitional Market: Perspectives from Egypt (T I Eldomiaty & M A Ismail); The Tendency of Firm Managers to Avoid Small Losses (Y-T Lee & G-G Pan); Do Winners Perform Better Than Losers? A Stochastic Dominance Approach (W-K Wong et al.); The Shift Function for the Extended Vasicek Model (S Y Lee & C H Hsieh); Beating or Meeting Earnings-Based Target Performance in CEOs' Annual Cash Bonuses (S S M Yang); Corporate Diversification and the Price-Earnings Association (B-H Bao & D-H Bao); Taking Positive Interest Rates Seriously (E Pan & L Wu).

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Book SynopsisNewsProfessor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University).Advances in Quantitative Analysis of Finance and Accounting is an annual publication designed to disseminate recent developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. Its objective is to promote interaction between academic research in finance and accounting with applied research in the financial community and the accounting profession.The chapters in this volume cover a wide range of pressing topics including security analysis and mutual fund management, option pricing theory and application, interest rate spread, and electricity pricing.Table of ContentsTesting of Nonstationarities in the Unit Circle, Long Memory Processes and Day of the Week Effects in Financial Data (G M Caporale et al.); Equity Restructuring Via Tracking Stocks: Is there any Value Added? (B Lauterbach & J Vu); Stock Option Exercises and Discretionary Disclosure (W Zhang & S F Cahan); Do Profit Warnings Convey Information About the Industry? (D Jackson et al.); Earnings Forecast-Based Returns Predictions: Risk Proxies in Disguise? (L Xu); The Prime Rate-Deposit Rate Spread and Macroeconomic Shocks (B T Ewing & J B Kruse); The Long-Run Performance of Firms that Issue Tracking Stocks (C Loh); Performance of Canadian Mutual Funds and Investors (R Sinha & V Jog); The September Phenomenon of US Equity Market (A Y Gu & J T Simon); Fundamental Drivers of Electricity Prices in the Pacific Northwest (I Horowitz et al.); and other papers.

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Book SynopsisThis book introduces corporate financial management, based on the basic capital budgeting framework and the time value of money. It focuses on theoretical formulations and correct application of financial techniques that will help improve managerial and financial decisions. Based on fundamental principles of accounting and finance like time value of money and after-tax cash flows, it introduces readers to real-world constraints and complexities in the two fields.Written in a simple and accessible manner, this book can be read by students of finance and accounting courses, business professionals and general public alike.Table of ContentsFinance, Accounting and Corporate Objectives; The Time Value of Money; An Introduction to Financial Reporting; Capital Budgeting; The Income Statement; Comparing the Use of Cash Flows and Incomes; Depreciation Expense; Long-Term Liabilities; Stock Equity; Distriibutions to Shareholders; Capital Structure and Risk: Weighted Average Cost of Capital (WACC); Buy versus Lease; Preferred Stock; Managerial Performance; Mergers and Acquisition: Consolidations; Convertible Bonds; Inventories; Cash Flow Statements.

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Book SynopsisThis unique book is not written from a specific national perspective, but adopts an international approach throughout. It treats the topic of International Financial Accounting and Reporting as a subject in its own right and not as an alternative or an extension to the existing domestic regulatory framework.The book begins with an introduction to accounting and financial reporting, followed by a description of the development of international standards and the present structure, role and operations of the International Accounting Standards Board.While a major part of the book is devoted to a discussion on individual IFRS (International Financial Reporting Standards), it also discusses income statements, balance sheets and cash flow statements. These financial statements are examined in the context of International Financial Reporting regulations and students are introduced to the main IFRS relating to those statements. Subsequent chapters examine individually, the more complex standards.A complimentary copy of the Instructor's Manual and the PowerPoint presentations of the text materials are available for all instructors who adopt this book as a course text. Please send your request to sales@wspc.com.Table of ContentsAssumptions and Facts; Regulatory Frameworks; The International Accounting Standards Board; The Basics of the Income Statement; The Basics of the Balance Sheet; The Basics of the Cash Flow Statement; Intangible Assets and Impairments; Accounting for Leases; Financial Instruments; Special Situations; Employees and Taxes; Accounting Policies, Errors, Provisions and Contingencies; Consolidated Financial Statements; Multinationals and International Accounting; Evaluating International Business Organizations.

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