Advanced financial accounting

목차 (Table of Contents)

• CONTENTS
• Preface = xiii
• Part 1ㆍThe framework of financial reporting = 1
• 1 The search for principles = 3
• Overview = 3
• Introduction = 3
• Accounting theory = 5
• The FASB conceptual framework project = 8
• The IASC／IASB framework = 11
• The ASB's Statements of Principles = 12
• Summary = 21
• Recommended reading = 21
• Questions = 22
• 2 Sources of authority : the United Kingdom = 23
• Overview = 23
• Introduction = 23
• Legislation = 24
• Stock Exchange rules = 27
• Accounting concepts = 28
• Standardisation = 31
• The Government's proposals = 37
• Summary = 39
• Recommended reading = 39
• Some useful websites = 39
• Questions = 40
• 3 Sources of authority : the rise of international standards = 42
• Overview = 42
• International standardisation = 42
• Harmonisation in the European Union = 46
• The EU Regulation of 2002 and the problems that it poses = 50
• Summary = 55
• Recommended reading = 55
• Some useful websites = 56
• Questions = 56
• 4 What is profit? = 59
• Overview = 59
• Introduction = 59
• Present value of the business = 61
• Measurement of wealth by reference to the valuation of individual assets = 61
• Capital maintenance = 65
• The usefulness of different Profit measures = 71
• How do we choose? = 73
• The limitations of historical cost accounting = 73
• Interim summary = 77
• Distributable profits = 77
• Realised profits = 81
• Summary = 86
• Recommended reading = 87
• A useful website = 87
• Questions = 87
• Part 2ㆍFinancial reporting in practice = 93
• 5 Assets Ⅰ = 95
• Overview = 95
• Introduction = 95
• The basis of valuation = 98
• Tangible fixed assets = 100
• Depreciation = 110
• Investment properties = 116
• Intangible assets = 118
• Differences in the treatment of tangible and intangible fixed assets = 122
• Impairment reviews = 122
• Summary = 127
• Recommended reading = 127
• Questions = 128
• 6 Assets Ⅱ = 133
• Overview = 133
• Introduction = 133
• Stocks and long-term contracts = 134
• Research and development = 144
• Government grants = 146
• Summary = 149
• Recommended reading = 149
• Questions = 150
• 7 Liabilities = 160
• Overview = 160
• Introduction = 160
• Liabilities = 162
• Provisions and contingencies = 165
• Summary = 171
• Recommended reading = 171
• Questions = 171
• 8 Financial instruments = 176
• Overview = 176
• Introduction = 176
• FRS 4 Capital Instruments = 177
• Hedge accounting = 189
• Derivatives = 191
• The valuation of Financial instruments = 193
• FRED 30 and the convergence programme = 197
• Summary = 201
• Recommended reading = 201
• Questions = 202
• 9 Substance over form and leases = 205
• Overview = 205
• Introduction = 206
• Reflecting the substance of transactions = 206
• Leases = 214
• Beyond SSAP 21 = 236
• Summary = 238
• Recommended reading = 238
• Questions = 239
• 10 Pension costs = 248
• Overview = 248
• Introduction = 248
• SSAP 24 Accounting for Pension Costs = 252
• From SSAP 24 to FRS 17 = 259
• FRS 17 Retirement Benefits = 260
• Summary = 271
• Recommended reading = 271
• Questions = 271
• 11 Reporting financial performance = 276
• Overview = 276
• Part AㆍReconfiguring the financial statements = 277
• Reporting financial performance = 277
• Review of FRS 3 = 291
• Segmental reporting = 296
• Part BㆍExtending the financial reporting envelope = 300
• Accounting for post balance sheet events = 300
• Earnings per share = 303
• Related party disclosures = 309
• Part CㆍShare-based payments = 313
• Different types of share-based payment = 314
• Summary = 318
• Recommended reading = 319
• Questions = 319
• 12 Taxation : current and deferred = 337
• Overview = 337
• Introduction = 337
• Current taxation = 339
• Deferred taxation = 343
• Summary = 355
• Recommended reading = 355
• Questions = 356
• 13 Business combinations and goodwill = 359
• Overview = 359
• Business combinations = 359
• Goodwill = 377
• Summary = 391
• Recommended reading = 392
• Questions = 392
• 14 Investments and groups = 403
• Overview = 403
• Introduction = 403
• Investments = 404
• Accounting for groups = 407
• Summary = 431
• Recommended reading = 431
• Questions = 432
• 15 Associates and joint ventures = 447
• Overview = 447
• Introduction = 447
• Possible methods of accounting = 448
• The regulatory framework in the United Kingdom = 453
• The international accounting standards = 464
• Summary = 466
• Recommended reading = 466
• Questions = 467
• 16 Overseas involvement = 476
• Overview = 476
• Introduction : the problems identified = 476
• Accounting for foreign currency transactions = 477
• Translation of the financial statements of an overseas subsidiary = 486
• The international accounting standard = 514
• The proposed new standards = 516
• Summary = 517
• Recommended reading = 518
• Questions = 518
• 17 Expansion of the annual report = 526
• Overview = 526
• Introduction = 526
• Cash flow statements = 528
• The operating and financial review = 549
• The historical summary = 552
• Reporting about and to employees = 554
• Summary financial statements = 555
• Interim reports and preliminary announcements = 557
• Summary = 560
• Recommended reading = 560
• A useful website = 561
• Questions = 561
• 18 Capital reorganisation, reduction and reconstruction = 579
• Overview = 579
• Introduction = 579
• Redemption and purchase of shares = 580
• Capital reduction = 591
• The proposed simplification of capital reduction = 594
• The legal background to other reorganisations = 595
• Capital reconstruction = 596
• Summary = 605
• Recommended reading = 605
• A useful website = 606
• Questions = 606
• Part 3ㆍAccounting and price changes = 617
• 19 Accounting for price changes = 619
• Overview = 619
• Introduction = 619
• The progress of accounting reform = 621
• Current purchasing power accounting = 624
• Summary = 642
• 20 Current cost accounting = 644
• Overview = 644
• Introduction = 644
• Theoretical roots = 645
• The basic elements of current cost accounting = 656
• Summary = 665
• 21 Beyond current cost accounting = 666
• Overview = 666
• The utility of current cost accounts = 666
• Interim summary = 669
• CCP and CCA combined = 669
• A real alternative - Making Corporate Reports Valuable = 676
• The evolution of the ASB's thinking = 686
• Summary = 689
• Recommended reading = 689
• Questions = 689
• Index = 703