Financial information analysis : the role of accounting information in modern society

This edition contains a wide-range of pedagogical features, including insightful end of chapter case studies, drawn from a range of companies and events as well as questions for review. Supplemented by a comprehensive companion website, it is essential reading for both undergraduate and masters students taking courses in finance and accounting. The accounting landscape shifted following the era of global financial crisis and accounting information continues to play a vital role. Philip O'Regan's authoritative textbook provides readers with the tools and techniques to fruitfully analyse accounting and financial data. Updated to reflect changes in corporate governance, regulatory frameworks and new forms of IFRS, the text continues to shed light on the growing emphasis placed on the role of accounting information in formulating financial strategy. Features which add value to this third edition of Financial Information Analysis include case studies in every chapter with numerous supporting articles from the major financial presses, questions for review, and a comprehensive companion website. This essential textbook is core reading for advanced undergraduate and postgraduate students of finance and accounting The accounting landscape shifted following the era of global financial crises and accounting information continues to play a vital role. Philip O'Regan's authoritative textbook provides readers with the tools and techniques to fruitfully analyse accounting and financial data. Updated to reflect changes in corporate governance, regulatory frameworks and IFRS, the text continues to shed light on the growing emphasis placed on the role of accounting information in formulating financial strategy. Features that add value to this third edition of Financial Information Analysis include case studies in every chapter with numerous supporting articles from the major financial presses, questions for review and a comprehensive companion website. This essential textbook is core reading for advanced undergraduate and post graduate students of finance and accounting. -- from back cover Cover 1 Title 4 Copyright 5 Dedication 6 CONTENTS 8 List of figures 10 List of tables 12 Preface 14 Acknowledgements 24 Introduction 26 Section I: Contexts 42 1 Regulatory context 44 2 Conceptual context 74 3 Theoretical context 106 4 Governance context 149 Section II: Content 194 5 Annual report: narrative 196 6 Annual report: financial 227 Section III: Analysis 276 7 Fundamental analysis 278 8 Activity and liquidity 300 9 Financing 335 10 Profitability and return on investment 366 Section IV: Issues 402 11 Business combinations 404 12 Pensions, share options, leases, taxation and foreign currency 434 13 Creative accounting and ethics 464 14 Corporate social responsibility (CSR) 493 15 International accounting 529 Section V: Strategy and business valuation 552 16 Strategy 554 17 Business valuation 581 Appendix: company report 606 Select bibliography 616 Index 618 Part I: Contexts 1. Regulatory Context 2. Conceptual Context 3. Theoretical Context 4. Governance Context Part II: Content 5. Annual Report: Narrative 6. Annual Report: Financials Part III: Analysis 7. Fundamental Analysis 8. Activity and Liquidity 9. Financing 10. Profitability and Return on Investment Part IV: Issues 11. Business Combinations 12. Pensions, Share Options, Leases, Taxation and Currency 13. Creative Accounting 14. Corporate Social Reporting 15. International Accounting Part V: Strategy and Business Valuation 16. Strategy 17. Business Valuation Appendix - Company Report