Goodwill, sometimes purchased but often more significantly internally generated, is the major constituent of the value of many listed companies. Accounting aims to provide users of financial statements with useful information, and more than fifty current International Financial Reporting Standards prescribe accounting disclosure requirements in minute detail. However, these Standards dismiss internally generated goodwill with a single brief provision that it is not to be brought to account at all. The impairment regime now laid down for dealing with purchased goodwill contains severe flaws, while previous methods have also been found to be unsatisfactory. This book traces the history of the goodwill accounting controversy in detail and demonstrates that it has been a prime example of an issue ‘conceived in a way that it is in principle unsolvable’. It explores the problem of recognising the importance of goodwill as a whole and finding a way of presenting meaningful information regarding it in the context of the financial statements. The author’s proposed solution builds upon research undertaken and uses a Market Capitalization Statement, based on a modification of nineteenth century ‘double accounting’ in a modern context. Examples show that the proposed Market Capitalization Statement has the potential to provide significant information not currently available form conventional financial statements, which in turn are freed to present clearer information.
This book traces the history of the goodwill accounting controversy in detail and demonstrates that it has been a prime example of an issue ‘conceived in a way that it is in principle unsolvable’.
This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. A unique blend of theory, practice, and robust financial statement analysis. Introduction to Financial Accounting describes the most widely accepted accounting theory and practice with an emphasis on using and analyzing the information in financial statements. This text also compares U.S. GAAP to IFRS where relevant.
This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book.
Research is an ever-increasing vital feature of academic accounting and finance, but few researchers are ever offered guidance on the research process. Research Method & Methodology in Finance & Accounting is the only book of its kind as it focuses on academic rather than student research. The text provides a clear, well-written guide to research in these subjects. This essential book, for both students and lecturers, has now been fully revised and updated, to include all of the advances made on the subject in the last 10 years.
Research Method & Methodology in Finance & Accounting is the only book of its kind as it focuses on academic rather than student research. The text provides a clear, well-written guide to research in these subjects.
Many of the earliest books, particularly those dating back to the 1900s and before, are now extremely scarce and increasingly expensive. We are republishing these classic works in affordable, high quality, modern editions, using the original text and artwork.
This text on accounting information systems follows a transaction cycle approach, stressing information, communication, and networking technology within the context of transaction cycles and internal control structure.
This text on accounting information systems follows a transaction cycle approach, stressing information, communication, and networking technology within the context of transaction cycles and internal control structure.
Accounting for Derivatives and Hedging, by Mark Trombley, is a short (250-page) supplement for Advanced Accounting and other upper level accounting courses. While many books used for these courses contain some coverage of Derivatives, professors must spend valuable time preparing their own materials in order to thoroughly cover this complex subject. Trombley's text provides the desired information and detail, allowing faculty to cover derivatives in class without a lot of prep work. Using simple but realistic examples, Trombley explains options, forwards, futures, swaps, and other types of derivatives, and helps students understand applications of derivative financial instruments.
Accounting for Derivatives and Hedging, by Mark Trombley, is a short (250-page) supplement for Advanced Accounting and other upper level accounting courses.
Nelson Accounting and Finance for WA is written specifically to meet the needs of students and teachers of Stages 2 and 3 of the Accounting and Finance course of study being introduced into WA schools in 2009 and 2010.
Nelson Accounting and Finance for WA is written specifically to meet the needs of students and teachers of Stages 2 and 3 of the Accounting and Finance course of study being introduced into WA schools in 2009 and 2010.
