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Description of Company Accounts

Company Accounts gives non- accounting students clear, comprehensive coverage of company reports and accounts, their importance to business people, and their problems encountered in interpreting the information. It introduces the nature and format of company annual reports and accounts, and then provides a thorough grounding in analysis and interpretation of financial statements.

Key Features:

- Strong focus on real world issues
- Based on financial statements of the BOC Group plc
- Updated to take account of new financial reporting standards
- Illustrates the use of a structured approach to financial ratios in the prediction of financial distress
- Useful summary of the definition of accounting terms and ratios

Title Information

ISBN:

9781861525956

Pages:

284 pages

Format:

Paperback

Product Code:

10713

Publisher:

ITBP

Published:

01/01/1970

Edition:

5th Edition

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Contents of Company Accounts

Preface
1. The purpose, regulation, and format of company reports
Types of company - Accountability and stewardship
Regulation and supervision
Accounting concepts
Format
Conclusion
Appendix

PART 1: Published Financial Statements

2. The profit and loss account: Formats, Contents, Exemptions and Modifications
3. The balance sheet: Formats , Valuation rules, contents
4. The Cash flow statement: Cash flow statement components, usefulness of cash flow statements
5. Other Reports and Statements: Statement of total recognized gains and losses, Note of historical profit or loss, Reconciliation of movements in shareholders' funds
6. The chairmans' statement and the chief executive's review
7. The directors' report and the operating and financial review:Activities and trading results, The operating and financial review, Directors, Employees, Donations, Auditing and Taxation matters, Corporate governance
8. The Auditors' Report: The Auditing Practices board, Usefulness of Audit reports, format and content of audit reports, Going concern statement, internal control, code of best practice


PART 2: Interpretation and assessment

9. Financial statement analysis and comparison: Objectives, ratio analysis, comparison of financial ratios, ratio calculation, problems in ratio analysis
10. Profitability and performance: return on capital employed, return on total assets, return on net total assets, return on equity, earnings per share, Price-earnings ratio (PER), Return on sales and asset turnover, segmental analysis, cash flow returns, quality of profit, quality of sales, cash return on capital employed
11. Efficiency and Effectiveness: Debtor turnover and collection, creditor turnover and payment, stock turnover, employee ratios, other ratios
12. Liquidity and stability: Current ratio, quick ratio, cash flow analysis, cash interest cover, cash dividend cover, cash debt coverage
13. Capital structure and financial risk: Capital structure ratios
14. A structured approach to reviewing financial statements' Main stages of review
15. Other uses of financial ratios: Time series analysis, Line- of business analysis, cross- sectional analysis - inter - firm comparison,The prediction of corporate bankruptcy, loan and credit- rating models
Prediction of takeover targets, Equity valuation models
Asset- pricing models


PART 3: Appendices

A: financial review of The BOC Group plc for the year ended 30 September 1997
B: Sources of comparative statistics and data
C: Glossary of accounting terms
D: Glossary of Ratios

Further reading
Index