International Accounting [Hardcover]

Features and Benefits

NEW-Revised and updated throughout-Including Web addresses.
-Presents students with the latest developments in the field.
NEW-Added chapter on the role of accounting in global markets.
-Provides students with a quick overview of the different capital markets, role of public equity and debt, and outlines important implications for financial reporting, disclosure, auditing, and financial management.
NEW-Revised chapter on financial risk management-Offers a simplified approach.
-Familiarizes students with recent pronouncements by the IASC and FASB on accounting for financial instruments.
A focus on global capital markets.
-Supplies students with an underlying theme and motivation for many of the issues discussed.
A " user" perspective-Rather than a " preparer of information" perspective.
-Emphasizes the role of information for analysts, managers, and other decision makers-and covers financial and managerial accounting issues.
Numerous recent multinational accounting problems and issues.
-Enables students to explore in detail current topics in many areas- academic, professional, institutional, financial, managerial, and public interest.
An overview of broad international financial accounting practice difference.
-Draws students attention to a discussion of financial accounting in six developed countries.
Separate coverage of foreign currency translation and foreign exchange accounting.
-Helps students to better comprehend the dimensions specific to each separate topic.
Practical case studies.
-Reveals to students the complexity of international accounting practices.
Numerous illustrations of financial statements and reports of independent auditors.
-Gives students a look at the paperwork used in multinational financial reporting practices.
A student-friendly writing style.
-Offers students an easy-to-read, straightforward narrative with many illustrations and examples throughout it.
Chapter-end discussion questions and exercises-Features twelve of each.
-Encourages students to review and apply their understanding of key content in each chapter before moving on to the next.
World Wide Web resources-In both text and exercises.
-Serves students with valuable tools for obtaining additional and advanced information on topics covered throughout the book.

This book is written with the express purpose of sensitizing students to the international dimensions of accounting and financial reporting. The world in which they will pursue their professional careers is a world dominated by global business and investment decisions. As most of these decisions are premised on financial data, a knowledge of international accounting is crucial for achieving proper understanding in international business and financial communications. Although ideal for upper division undergraduate students and masters students, we are pleased that contents of this award-winning effort have also benefited practicing accountants, financial executives, investment managers, accounting educators, and professional administrators around the world.

Our revision of a work that has spanned three decades features a number of enhancements. These include:

• Capital market, managerial, taxation, and institutional updates reflective of current trends and issues
• Discussion of the newly restructured International Accounting Standards Board
• Revised discussion of reporting and disclosure practices with many new examples from both developed and emerging market countries
• Expanded listings of relevant international Web site addresses and data sources Many new discussion questions, exercises, and cases