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International Financial Statement Analysis
book

International Financial Statement Analysis

by CFA Thomas R. Robinson, CFA Hennie van Greuning, CFA Elaine Henry, CFA Michael A. Broihahn
November 2008
Intermediate to advanced content levelIntermediate to advanced
859 pages
25h 22m
English
Wiley
Content preview from International Financial Statement Analysis
1
See paragraph 12 of the Framework for the Preparation and Presentation of Financial Statements, originally published by the International Accounting Standards Committee in 1989 and then adopted by the International Accounting Standards Board in 2001.
2
Net income is also referred to as net earnings or net profit. In the event that costs exceed revenues, it is referred to as net loss.
3
Note that this computation includes an amount labeled “minority interest in liabilities.” Minority interest represents ownership in a subsidiary company by others (not the parent company). Accounting rule makers are currently considering reclassifying this amount as part of owners’ equity.
4
International Federation of Accountants, Handbook of International Auditing, Assurance, and Ethics Pronouncements, 2006 edition, p. 230, available at www.ifac.org.
5
Components of this framework have been adapted from van Greuning and Bratanovic (2003, p. 300) and from Benninga and Sarig (1997, pp. 134-156).
6
Stowe, Robinson, Pinto, and McLeavey (2002, p. 27).
7
Standards of Practice Handbook (2006, p. 105).
8
International Financial Reporting Standards use the term income to include revenue and gains. Gains are similar to revenue; however, they arise from secondary or peripheral activities rather than from a company’s primary business activities. For example, for a restaurant, the sale of surplus restaurant equipment for more than its cost is referred to as a gain rather than revenue. Similarly, a ...
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Publisher Resources

ISBN: 9780470460122Purchase book