Company Accounts: Analysis, Interpretation and Understanding provides a clear understanding of the nature and format of the annual report and accounts of companies, and a full introduction to the analysis and interpretation of financial statements. Throughout the text the authors use the financial statements of the BOC Group Plc as a case study providing a basis for description, interpretation and analysis. BOC has given permission for use of its accounts in the 6th edition. The accounts are recognized in the financial world as being models of good reporting practice. Company Accounts is ideal for MBA or advanced-level Management students, combining a conceptual approach with real examples. The concise format also makes it suitable for modular courses for non-accounting students. Business professionals who require an understanding of how to interpret company reports to assess the strengths, weaknesses and potential of an organisation will also find the book an invaluable resource.
The revised and updated sixth edition notes the effects and impacts of existing legislation and regulations and all published accounting and financial reporting standards to provide an essential and current guide in this important area. Company Accounts uses real-life financial statements as a case study to provide the basis for description, interpretation and analysis.
Company Accounts offers a thorough and analytical discussion of the nature and format of company annual reports and accounts and a full introduction to the analysis and interpretation of financial statements.
1. The Purpose, Regulation and Format of Company Reports. PART 1: PUBLISHED FINANCIAL STATEMENTS. 2. The Profit and Loss Account. 3. The Balance Sheet. 4. The Cash Flow Statement. 5. Other Reports and Statements. 6. The Chairmans Statement and the Chief Executives Review. 7. The Directors Report and the Operating and Financial Review. 8. The Auditors Report. PART 2: INTERPRETATION AND ASSESSMENT. 9. Financial Statement Analysis and Comparison. 10. Profitability and Performance. 11. Efficiency and Effectiveness. 12. Liquidity and Stability. 13. Capital Structure and Financial Risk. 14. A Structured Approach to Reviewing Financial Statements. 15. Other Uses of Financial Ratios. PART 3: APPENDICES. A: Financial Review of the BOC Group Plc for the Year Ended 30 September 2002. B: Sources of Comparative Statistics and Data. C: Glossary of Accounting Terms. D: lossary of Ratios. E: olutions to Questions Further Reading.