Interpreting Company Reports (10th Edition)

Interpreting Company Reports and AccountsTenth EditionGeoffrey Holmes, Alan Sugden and Paul GeeThe tenth edition ofInterpreting Company Reports and Accountsguides 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 websitesKey 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 IFRSAnalyses how companies present the impact of the transition from UK GAAP to IFRSCoverage of small and medium-sized entities (SMEs) reportingIncludes recent developments in narrative reporting: Operating and Financial Review Developments; Business Review; and Corporate Social Responsibility Reporting Interpreting Company Reports and Accountsis 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 HolmesFCA, FTII was, for more than 20 years, the highly regarded and much respected Editor ofAccountancy,the Journal of the Institute of Chartered Accountants.Alan Sugdenis 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 GeeBA (Econ) FCA is a member of the National Assurance Technical Group of Smith & Williamson , and lectures widely in the UK on financial reporting.Sugden, Alan is the author of 'Interpreting Company Reports (10th Edition)', published 2008 under ISBN 9780273711414 and ISBN 0273711415.