Cases in Financial Reporting : An Integrated Approach with an Emphasis on Earnings and Persistence
A text for intermediate and financial accounting courses at the MBA and undergraduate level, or a supplement to financial statement analysis texts. This collection of financial accounting cases is designed to help students become financial statement users.
- Paperback | 320 pages
- 210.8 x 274.3 x 15.2mm | 657.72g
- 04 Aug 2003
- Pearson Education (US)
- United States
- 4th edition
Table of contents
I. BECOMING FAMILIAR WITH FINANCIAL REPORTING: BASICS, TOOLS, AND THE PERSISTENCE OF EARNINGS. 1. Basics - Interpretation and Preparation of Financial Statements. ASICS Corporation - Understanding Financial Statements. Nike - Basic Ratio Analysis. Yokohama Rubber and Goodyear Tire - Comparing Ratios. Fuji Photo Film and Eastman Kodak - Inferring Transactions. Club Mediterranee S.A - International GAAP. Food Lion, Inc - Preparation of Financial Statements. Taiwan Semiconductor Manufacturing Company - Transactions and Periodic Adjustments. Abercrombie and Fitch - Transactions and Financial Statements.2. Tools - Discounted Cash Flow. Maya - Return on Investment. Hydron Technologies Corporation - Lease or Buy.3. Tools - Basic Valuation and the Persistence of Earnings. Maple Leaf Gardens - Valuation. Pharmacia Corporation - Persistence of Earnings.4. Tools - Cash Basis versus Accrual Basis Reporting. Frederick's of Hollywood - Statement of Cash Flows. Weis Markets, Inc. - Statement of Cash Flows. Mayor's Jewelers Inc. - Statement of Cash Flow.II. EVALUATING FINANCIAL REPORTING DISCLOSURES: BALANCE SHEET COMPONENTS AND ISSUES IN THE QUALITY OF EARNINGS. 5. Assets. Lucent - Revenue Recognition. Alcatel - Accounts Receivable. Whole Foods Market, Inc - Inventory. Frederick's of Hollywood - Property and Equipment. WorldCom Inc - Capitalizing Costs. Merck & Co., Inc. - Research and Development. eBay - Acquired Intangible Assets. America Online, Inc. - Deferred Costs.6. Liabilities. BASF - Contingencies and Provisions. Maytag Corporation - Warranties and Deferred Taxes. Bally Entertainment Corporation - Long-Term Debt. The Home Depot - Long-Term Debt. AMR Corporation - Leases. The Robert Mondavi Corporation - Deferred Taxes. Bethlehem Steel - Post Retirement Obligations.7. Owners' Equity. The Dow Chemical Company - Treasury Stock. Xilinx - Employee Stock Options.8. Intercorporate Investments. Wachovia - Marketable Securities. BCE Inc - Investments in Other Companies. The Seagram Company - Investments in Common Stock.9. Financial Statement Analysis. Boston Beer & Lion Brewery - Financial Statement Analysis.
About D. Eric Hirst
D. Eric Hirst, Ph.D., is Professor at the Red McCombs School of Business at the University of Texas at Austin. He received his Ph.D. in accounting from the University of Minnesota and M.Acc. and B.A. from the University of Waterloo. He worked as a Chartered Accountant with experience in public practice. His research on auditor, investor, and analyst judgment has been published in The Journal of Accounting Research, Contemporary Accounting Research, The Journal of Financial Statement Analysis, Auditing: A Journal of Practice & Theory, The International Tax Journal, CA Magazine, Organizational Behavior and Human Decision Processes and others. At UT, Professor Hirst teaches financial accounting and financial statement analysis in the regular and executive M.B.A. programs. He was awarded the Joe D. Beasley award for teaching excellence in the M.B.A. core, the Graduate Business Council Teaching Excellence Award for Outstanding Involvement in the MBA Community, and has been on the MBA honor roll. Mary Lea McAnally, Ph.D., CA, CIA is Associate professor of Accounting at Mays Business School at Texas A&M University. She obtained her Ph.D. from Stanford University and B.Comm. from the University of Alberta. She is a Chartered Accountant (Canada) with experience in public practice and industry. She is also a Certified Internal Auditor. Her research interests include capital markets, accounting and disclosure in regulated environments, and accounting for risk. She has published articles in The Journal of Accounting and Economics, The Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Accounting Horizons, The Journal of Accounting, Auditing, and Finance, and Financial Analysts Journal. At Texas A&M, Professor McAnally teaches financial accounting in the M.B.A. and executive programs. She has received numerous faculty-determined and student-initiated teaching awards.