The Impact of Generally Accepted Accounting Principles on Financial Analysis
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The Impact of Generally Accepted Accounting Principles on Financial Analysis: Interpretations and Applications for Commercial and Investment Banking

The Impact of Generally Accepted Accounting Principles on Financial Analysis: Interpretations and Applications for Commercial and Investment Banking


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About the Book

This work presents an analytical explanation as well as practical examples of Generally Accepted Accounting Principles (GAAP), written in a clear, lucid style for readers of all levels. Comprehensive coverage is provided for all accounting and reporting issues that are critical to the financial and credit analyst, with the exposition of GAAP made without the use of mechanical bookkeeping procedures. This is accomplished through an analysis of the financial accounting issue; the effects of GAAP on the balance sheet, income statement, and statement of cash flows; numerical illustrations; alternative treatments; and the impact of GAAP on financial ratios and analytical statistics. The book offers a survey of basic financial statements, related footnote disclosures, and the general concepts underlying financial statements, as well as analyzes of specific statement items. The first three chapters discuss the conceptual foundation of the three basic financial statements, current assets, and noncurrent assets, and provide an analysis of liabilities and stockholders' equity. The study then turns to more complex accounting and reporting problems, including accounting for income taxes, computing earnings per share, and accounting for intercorporate investments, business combinations, and leases. Cases are provided at the ends of many chapters, and the book concludes with a discussion of such full disclosure issues as extraordinary items, accounting changes, discontinued operations, and statement of cash flows. Professionals in the banking, investment, and accounting fields will find this work to be an effective resource, as will professors and students in business, accounting, and finance courses.

Table of Contents:
An introduction to generally accepted accounting principles and their implications for credit and financial analysis; an analysis of corporate financial position; corporate assets - special accounting and reporting issues; analytical issues in accounting for corporate debt and stockholders' equity; an analysis of critical issues in corporate financial reporting; accounting for income taxes; an analysis of intercorporate investments; computing earnings per share; accounting for leases; full disclosure in corporate financial reporting; special income statement items and other issues in full disclosure; the statement of cash flows - preparation and analysis.


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Product Details
  • ISBN-13: 9780899306070
  • Publisher: Bloomsbury Publishing PLC
  • Publisher Imprint: Quorum Books,U.S.
  • Height: 230 mm
  • Returnable: N
  • ISBN-10: 0899306071
  • Publisher Date: 30 Oct 1991
  • Binding: Hardback
  • Language: English
  • Sub Title: Interpretations and Applications for Commercial and Investment Banking


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The Impact of Generally Accepted Accounting Principles on Financial Analysis: Interpretations and Applications for Commercial and Investment Banking
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The Impact of Generally Accepted Accounting Principles on Financial Analysis: Interpretations and Applications for Commercial and Investment Banking
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