Preface Publisher's acknowledgements   Chapter 1 - Overview of the regulatory scene Chapter 2 - International Financial Reporting Standards (IFRS) overview Chapter 3 - Accounting principles Chapter 4 - The annual report Chapter 5 - Chairman's statement and the operating and financial review Chapter 6 - Corporate governance and the auditors' report Chapter 7 - The profit and loss account: overall structure Chapter 8 - The profit and loss account: turnover and revenue recognition Chapter 9 - The profit and loss account: further disclosure areas Chapter 10 - The profit and loss account: interpretation, ratio analysis, segmental analysis and earnings per share Chapter 11 - Equity statements, dividends and prior period adjustments Chapter 12 - Balance sheet: an introduction Chapter 13 - Tangible fixed assets Chapter 14 - Intangible fixed assets Chapter 15 - Fixed asset investments Chapter 16 - Stocks and long-term contracts Chapter 17 - Debtors and other receivables Chapter 18 - Current asset investments; cash at bank and in hand Chapter 19 - Creditors and provisions Chapter 20 - Tax in the balance sheet Chapter 21 - Bank loans and overdrafts Chapter 22 - Loan capital Chapter 23 - Derivatives and other financial instruments Chapter 24 - Equity share capital and reserves Chapter 25 - Balance sheet disclosures Chapter 26 - Cash flow statements Chapter 27 - Financial Reporting for SMEs (small and medium-sized entities) Chapter 28 - Group accounts, acquisitions and mergers Chapter 29 - Joint ventures, associates and foreign operations Chapter 30 - Historical summaries, ratios and trends Chapter 31 - Inflation Chapter 32 - Half-yearly reports (Interim reports) Chapter 33 - UK GAAP and IFRS compared Chapter 34 - Adopting IFRS for the first time Chapter 35 - Putting it all together   Appendix 1 UK GAAP: Current Financial Reporting Standards and Exposure DraftsAppendix 2 International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS)Appendix 3 Useful website addressesAppendix 4 Present valueAppendix 5 Retail Price Indices since 1950 Index  

Interpreting Company Reports and Accounts Tenth Edition Geoffrey Holmes, Alan Sugden and Paul Gee The tenth edition of Interpreting Company Reports and Accounts guides the reader through the many conventions and complexities of company accounts, explaining how to assess the financial and trading position of a company from year to year, how to spot undue risk-taking and 'cosmetic accounting', and where to look for clues on the quality of management. This book is intended as a practical guide to the interpretation of reports and accounts.  Frequent reference is made to the legal and accounting requirements in the UK, both as regards IFRS (International Financial Reporting Standards) and UK GAAP (UK Generally Accepted Accounting Practice). This is done in the context of interesting information to look out for, rather than how a set of accounts should be prepared. Packed with relevant real world examples, this highly accessible book shows readers how to analyse company reports and accounts, both qualitatively and quantitatively. The analysis is illustrated with numerous  published accounts extracts and examples and references to corporate websites Key Features Key points from company accounts are highlighted and explained throughout the book. Each topic chapter examines the implications of adopting IFRS The chapter 'Putting it all together' takes readers step by step through the reports, accounts and press cuttings of an AIM company. The authors comment as well as inform - previous editions highlighted the serious weaknesses of both Polly Peck and Maxwell Communications Corporation well ahead of their collapse. New to this edition: Explains the key differences between UK GAAP and IFRS Analyses how companies present the impact of the transition from UK GAAP to IFRS Coverage of small and medium-sized entities (SMEs) reporting Includes recent developments in narrative reporting:  Operating and Financial Review Developments;  Business Review;  and Corporate Social Responsibility Reporting   Interpreting Company Reports and Accounts is suitable for intermediate or advanced undergraduate accounting and finance courses, as well as MBA courses. The book is recommended reading for several professional examinations and will also be highly relevant to practitioners. Geoffrey Holmes FCA, FTII was, for more than 20 years, the highly regarded and much respected Editor of Accountancy, the Journal of the Institute of Chartered Accountants. Alan Sugden is a Sloan Fellow of the London Business School and a retired director of Schroder Investment Management. He spent nearly 20 years in the City as an analyst and fund manager, running the £100 million Schroder Recovery Fund for several years. Paul Gee BA (Econ) FCA is a member of the National Assurance Technical Group of  Smith & Williamson , and lectures widely in the UK on financial reporting.    

Explains the key differences between UK GAAP and IFRS Analyses how companies present the impact of the transition from UK GAAP to IFRS Coverage of small and medium-sized entities (SMEs) reporting Includes recent developments in narrative reporting:  Operating and Financial Review Developments;  Business Review;  and Corporate Social Responsibility Reporting