Book Description
The CPA exam is changing. You need to change as well...to a book that better prepares you for the CPA exam and for business. This is the only book of its kind that demonstrates how to prepare financial reports and then how to analyze what those numbers really mean.
Every manager has incentives to present his or her firm in the most favorable light to lenders, equity investors and others. And, every manager wants to use the flexibility allowed by GAAP to manage the firm's earnings to achieve certain goals. Revsine, Collins, and Johnson
explain these incentives and help readers spot cases of earnings management, which disguises a firm's true performance.
For anyone preparing to take the CPA exam, and for anyone who wants or needs a working knowledge of accounting, financial reporting, and financial statement analysis.
Customer Reviews:
Almost everything I dislike in a textbook.......2006-05-08
This book has many characteristics that I really dislike to see in a textbook.
First, the authors flooded almost every page with extraneous information. When you're learning this stuff, you want it to be explained simply and clearly - but the authors seem more intent on showing you how much they know about some topic, even when that information is tangenital and not very helpful.
They don't word things clearly. They'll call the same thing by two different names - (i.e. "Pension Cost" and "Pension Expense") which needlessly adds to the confusion. They'll discuss some topic for several pages without even writing down the basic, relevant journal entry.
One of the wordiest, most poorly written accounting books I have ever had the displeasure of studying from.
One of the better books available.......2003-09-30
This publication provides a thorough and comprehensive review of almost every important aspect of accounting, financial analytics and reporting. A useful tool for a person new to finance or someone needing a refresh or review of important topics. A solutions manual would have been helpful, but the book is a valuable buy nonetheless.
Very good for understanding the subject.......2002-03-10
The book provides very clear explanations about different aspects of financial statement analysis. The only drawbacks are that the book is a little simplistic and that problem solutions are sorely needed. However, I am sure you are not going to use oit for self-study- you would be using it as a textbook in a financial statement analysis class. The professor, would be able to provide you with solutions (as in my case- thanks Dr. Church!) and will also help you out with some of the tougher stuff. Whatever, the book does an excellent job in explaining the basic stuff- much better than the Sondhi book.
agree with others - needs solutions manual - useless without.......2001-09-27
I agree with those that say this book would be more useful if it came with solutions. Right off in the first chapter, hypothetical situations are presented without any background information in the text. If you haven't had some experience in Accounting, you are going to be left scratching your head. The instructor in my class says that it causes you to think. Hard to think if you have never come close to experiencing anything that is being discussed. Some guidance would be helpful.
Useless without a Solutions Manual.......2001-03-23
I'm studying for the CPA. I bought the book because it's required for a course in school. But to actually learn for the CPA exam, I'll toss this one aside for one that provides a solutions manual. Authors who withold the manual for the instructors benefit miss a fundamental point about economics - who the customer is. It's the student that the book is written for and it is the student who pays for the course. Breffni University of Chicago
Book Description
Financial statements are the basis for a wide range of business analysis. Managers, securities analysts, bankers and consultants all use them to make business decisions. There is strong demand among business students for course materials that provide a framework for using financial statement data in a variety of business analysis and valuation contexts.
Customer Reviews:
Case study is worth reading..........2007-04-21
First part of this book is about reading financial statements. If you already know the statements, you don't need to read the first part. However, even if you can read the statements, the second part, case study, will be helpful to your real analysis.
good case study.......2006-04-30
I found the chapters are not very in detail. I was using it as the textbook and the lecture notes are way better. I read the book at the begginning but stopped in the middle as it doesn't really help. However, the end of chapter case studies are pretty good.
Useful if cumbersome.......2002-12-16
This review applies to the edition WITH CASES. This isn't recommended for anyone who is just starting out with choosing investments. Beginners might be better off with a more general overview of financial statement analysis (FSA) like Higgins' "Analysis of Financial Statements" or Fraser and Omriston's "Understanding Financial Statements".
This was one of two textbooks used in a financial statement analysis course I took for my MBA. Most chapters are down-to-earth and as a whole the book is well-written.
The other text we used was Penman's "Financial Statement Analysis and Security Valuation" which was also a great resource as far as gaining a basic understanding of the mechanics of financial statements and how to build a valuation model.
I contrast the two books because while Penman provides a run-down of several different models analysts can use (and does a good job of arguing for the Residual Income Model of valuation model as being the best), Palepu delves into the implications of companies' choices of accounting methods and provides more insight into what different kinds of businesses should look like in terms of their financial statements.
The cases at the end of each chapter add a lot of value to the text because they get students to focus on the specific issues detailed in each chapter. By picking apart different companies' financial statements we learned to use financial statements to assess the success or failure of companies' efforts to carry out their business strategies.
I rate it "Good - 4 stars"
Required Text.......2002-09-17
This is a required text at my school, but after having read the first 5 chapters there is almost nothing of value that I have read. I have spoken to several people that have used this text for the class in prior semesters and they told me that they had stopped reading it after the first several chapters also.
Excellent Capstone Book.......2000-10-12
This book is an excellent description of all the elements that would go into reviewing a potential investment opportunity. It is not a detailed book in one category, such as financial accounting, but it ties business strategy analysis, financial analysis, forecasting analysis, and valuation analysis together. Most other books focus on one area and don't tie all of these together well. This one takes you down the path to evaluating the opportunity to its fullest. It is an excellent capstone book after you have sifted through the details of strategy, finance, and accounting.
Book Description
Companies expect managers to use financial data to allocate resources and run their departments. But many managers can’t read a balance sheet, wouldn’t recognize a liquidity ratio, and don’t know how to calculate return on investment. Worse, they don’t have any idea where the numbers come from or how reliable they really are.
In Financial Intelligence, Karen Berman and Joe Knight teach the basics of finance—but with a twist. Financial reporting, they argue, is as much art as science. Since nobody can quantify everything, accountants always rely on estimates, assumptions, and judgment calls. Savvy managers need to know how those sources of possible bias can affect the financials—and they need to know that sometimes the numbers can be challenged.
While providing the foundation for a deep understanding of the financial side of business, the book also arms managers with practical strategies for improving their companies’ performance—strategies such as “managing the balance sheet” that are well understood by financial professionals but rarely shared with their nonfinancial colleagues.
Accessible, jargon-free, and filled with entertaining stories of real companies, Financial Intelligence will help nonfinancial managers be smarter and more confident in their everyday work.
Customer Reviews:
Excellent book ... for beginners only.......2007-06-10
If you have some understanding of finance - even basic - don't expect to learn anything out of this book. I was expecting much more than that given the target audience - "managers" - and the publisher. I doubt that in today's world, a manager wouldn't have some sort of understanding of finance. Nonetheless, the book is well written, explained and organized. I had my analyst read it as an introduction and he liked it a lot.
Clear, interesting, fun.......2007-03-30
I had to buy this book for a fiscal management class. It is probably one of the best management books that I've read. It is really clear. I don't really have a head for finance, but this book makes it simple and entertaining. There are lots of examples from real life. This is a great book if you want to know more about financial vocabulary and basics. Also might be a good brushup, though I was starting from scratch so I wouldn't know.
A good beginning..........2007-03-10
This is an overview of what to look for in balance sheet and income statement as a manager. However, better information resides with cost based accounting around activities(ABC/M). This book is an excellent read for simple information. Not bad for the price!
Fun with managerial accounting.......2007-01-09
I really enjoyed reading "Financial Intelligence" by Karen Berman and Joe Knight. The authors use a fairly casual tone (often humorous) to combine a semester's worth of managerial accounting with a healthy dose of private sector application. The book is a quick read and should be great as an introduction to managerial accounting or a refresher for anyone responsible for managing a P/L at any level.
Very valuable!.......2006-11-11
I highly recommend this book! It's an easy read for non-accountants! This should be in every manager's desk for quick reference. This has helped me a lot in making day-to-day decisions.
Book Description
This book offers an in-depth and up-to-date review of different statistical tools that can be used to analyze and forecast the dynamics of two crucial for every energy company processes—electricity prices and loads. It provides coverage of seasonal decomposition, mean reversion, heavy-tailed distributions, exponential smoothing, spike preprocessing, autoregressive time series including models with exogenous variables and heteroskedastic (GARCH) components, regime-switching models, interval forecasts, jump-diffusion models, derivatives pricing and the market price of risk.
Modeling and Forecasting Electricity Loads and Prices is packaged with a CD containing both the data and detailed examples of implementation of different techniques in Matlab, with additional examples in SAS. A reader can retrace all the intermediate steps of a practical implementation of a model and test his understanding of the method and correctness of the computer code using the same input data.
The book will be of particular interest to the quants employed by the utilities, independent power generators and marketers, energy trading desks of the hedge funds and financial institutions, and the executives attending courses designed to help them to brush up on their technical skills. The text will be also of use to graduate students in electrical engineering, econometrics and finance wanting to get a grip on advanced statistical tools applied in this hot area. In fact, there are sixteen Case Studies in the book making it a self-contained tutorial to electricity load and price modeling and forecasting.
Product Description
The most effective new cost management tool in years, activity-based costing enables you to eliminate hidden costs company wide and achieve remarkable new efficiency and profitability. This guide spells out how to use and profit from this powerful cost management techniques. Well-known ABC consultant Michael OGuin shows how to cut thousands of dollars in overhead and improve your product lines. Production processes. Pricing. Sourcing. Marketing. R&D. Capital Investment decisions. Dozens of case studies show these techniques in action. Youll find out how to set more profitable pricing policies that reflect all of your costs; the one factor that causes the majority of defect costs and how to eliminate it in your own operation; what discounts are really appropriate for large orders; six critical ways to slash the costs of serving your customers (and why most companies overlook them); the two hidden costs that managers in process manufacturing usually overlook; how to assign scrap costs down to products, parts, and vendors; five simple ways to measure customer satisfaction and pinpoint areas for improvement; and much more!
Customer Reviews:
Excellent Cost Management Tool.......2006-10-03
The author did a good job of coming up with a user friendly book on Activity-Based Costing (ABC). ABC is critical in alerting managers of the major and subsidiary drivers of costs. Many companies, large and small, have benefited from employing ABC techniques.
The book is readable by both the expert and novice in accounting. The novice will benefit from the detailed introduction into accounting systems and the concept of ABC. The author then methodically explains how costs can be allocated to products and services.
Those managers in the manufacturing industry will benefit the most as the book has a manufacturing bias, although the author did his best to also make the book relevant to those in the service industry. The various case studies and practical examples reinforce the message and help the reader in consolidating the understanding of ABC.
This is a recommended book that helps the reader to learn and comprehend the important technique of ABC that should enable companies to eliminate hidden costs and be more efficient and competitive.
Using ABC to think about your business.......2000-04-02
O'Guin takes a manufacturing perspective in his lucid explanation of activity based-costing, a management planning tool aimed at discovering what your true costs are by essentially assigning overhead costs to products and customers. The idea is that the more you know about your costs, the better able to compete. The book is ideal for consultants who need a quick read on the process, or managers thinking of implementing the system and require some overall familairity.
He does not totally ignore service businesses either. Very ably, he shows the theoretical underpinnings behind ABC, and points to many examples of "big league" companies, like GE and Hewlett-Packard that have used this method in order to understand the primary and secondary cost drivers.
The first third of the book mixes a history lesson on traditional accounting system with an introduction to ABC. The intro seems a little bit long, and I found myself wishing that he would get to the design and implementation of the system (which is the reason I was reading the book-part of a redesign consulting contract).
The author rarely speaks down to his audience. In fact, unlike many systems type books I have read in the last few years, O'Guin is able to continually build on what is presented previously in the book without endless looping. He assumes a level of intelligence and interest which you will find yourself thanking him for when you are trying to figure out how to allocate the cost of the bolt to the large customer shipping cost for the new product line 3rd shift, or some such permutation.
The second half of the book gets more into the nuts and bolts, so to speak, and describes how ABC might work in a typical firm. I imagine many of the readers will be of the small manufacturing bent, and this book really answers most of the questions you would have. The next step would probably be to talk to someone that has actually implemented the system.
The final third of the book deals with the strategic outlook for American industry and how ABC can be used as a management tool to increase competitiveness. The author never gets too preachy and mixes a good deal of his opinions with common sense and practical examples. Finally, the Appendix consolidates much of what he has been saying into charts and summations. In addition, the book provides the sources much reference material - something for every taste.
ABC is a system that may seem like learning a foreign language to the initiate. O'Guin does an excellent job of providing the basics. He gets you up to speed quickly and leaves you with enough information to have a basic understanding of ABC and its implementation. Highly recommended.
Average customer rating:
- Reference only
- very useful book
- Outstanding
- Most Helpful for My Accounting and Auditing Groups
- Essential Reading for My US and Chinese Businesses
|
Manager's Guide to Compliance: Sarbanes-Oxley, COSO, ERM, COBIT, IFRS, BASEL II, OMB's A-123, ASX 10, OECD Principles, Turnbull Guidance, Best Practices, and Case Studies (Manager's Guide Series)
Anthony Tarantino
Manufacturer: Wiley
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ASIN: 0471792578 |
Book Description
Compliance requirements are here to stay.
Prepare your company for the growing challenge.
A Wall Street Journal/Harris poll revealed that two thirds of investors express doubts in the ability of corporate boards of directors to provide effective oversight. In the shadow of recent global scandals involving businesses such as Parmalat and WorldCom, Manager's Guide to Compliance: Best Practices and Case Studies is essential reading for you, whether your organization is a major corporation or a small business.
This timely handbook places U.S. and global regulatory information, as well as critical compliance guidance, in an easy-to-access format and helps you make sense of all the complex issues connected with fraud and compliance.
"Wide perspectives and best practices combined deliver a punch that will knock your 'SOX' off! The author has blended together a critical mix necessary for effectively handling the requirements of SOX."
—Rob Nance, Publisher, AccountingWEB, Inc.
"Robust compliance and corporate governance is an absolute necessity in today's business environment. This new book by Anthony Tarantino is an authoritative guide to understanding and implementing compliance and regulatory requirements in the United States and around the world. From SOX to COSO to ERM, this book covers them all."
—Martin T. Biegelman, Certified Fraud Examiner, Fellow and Regent Emeritus of the Association of Certified Fraud Examiners, and coauthor of Executive Roadmap to Fraud Prevention and Internal Control: Creating a Culture of Compliance
"If compliance wasn't difficult enough, now companies are faced with a barrage of technology vendors claiming to automate compliance as if it were a project. In his new book, Dr. Tarantino paints the reality of the situation: companies need to embrace the broader tenets of governance and use technology to embed governance policies and controls into their daily business processes. Only then can they gain business value from their compliance investments."
—Chris Capdevila, CEO and cofounder, LogicalApps
Customer Reviews:
Reference only.......2007-07-04
Useful as a reference guide, but not something that I would recommend as the first or last read on Compliance. Have kept it around as a great reference document.
very useful book.......2007-03-13
i have just read some chapter such as Sarbanes-Oxley and fast scan the other. I think it is the book which i look for.
Outstanding.......2007-01-24
Prior to reading this book I knew almost nothing about compliance. The book is well written and easy to understand for anyone that has formal accounting education. The book provided a tremendous amount of insight, and was very practical. The book has helped out at work tremendously.
Most Helpful for My Accounting and Auditing Groups.......2006-04-29
As the CFO of a privately held company looking to go public in the next few years this is what we needed to focus our compliance and governance programs.
Essential Reading for My US and Chinese Businesses.......2006-04-29
Dr. Tarantino's book was exactly what I needed to understand the many regulations facing my businesses in the US and China. It will be required reading for my various managers and directors.
Book Description
This popular book on business ethics contains a diverse collection of readings and cases. It begins with an introduction to moral reasoning, and then provides readers with a wide range of opportunities to apply ethical theory to real contemporary managerial situations—including issues facing managers in the next century. Each section contains a case study and relevant theoretical articles that range from classics in philosophy to modern commentaries by business practitioners. Five sections cover general issues in ethics; property, profit, and justice; corporations, persons, and morality; international business; and contemporary business themes. For professionals in the business fields of accounting, finance, marketing, and more.
Customer Reviews:
Great book.......2003-07-31
Although I only purchased this book for an Business Ethics class, I would recommend this book to anyone interested in the subject.
An enlightening Book.......2000-10-25
It is an excellent book for newcomers to the field of Business ethics.Being a new field the authors have given numerous examples of real life cases for the students to appreciate this field.The cases make understanding more easy.Its to be noted that this field has now drawn a roundtable among the giants of the corporate world.The book deals with the moral issues before going to the business front. Good reading.
Book Description
International Financial Reporting Standards (IFRS) Workbook and Guide is a one stop resource for understanding and applying current International Financial Reporting Standards (IFRS) and offers:
- Easy-to-understand explanations of all IFRSs/IASs and IFRICs/SICs issued by the IASB/IASC up to March 2006
- Illustrative examples
- Practical insights
- Worked case studies
- Multiple-choice questions with solutions
Technically reviewed by Liesel Knorr, Secretary General of the German Accounting Standards Committee and former technical director of the International Accounting Standards Committee (IASC).
Forewords by:
Sir David Tweedie, Chairman of the International Accounting Standards Board (IASB)
Philippe Richard, Secretary General of the International Organization of Securities Commissions (IOSCO)
Customer Reviews:
Brilliant Book!!!.......2006-03-24
This is the first book that really explains IFRS very well. The examples are understandable, it's comprehensive and helps on nearly every issue that might arise when dealing with IFRS.
Book Description
Updated, refocused, and revised, this Eighth Edition of ACCOUNTING THEORY AND ANALYSIS will help you build strong critical thinking skills and a sound theoretical background, so you can evaluate accounting practice in today’s increasingly global world economy. The text’s unique and timely collection of cases covers all major areas of accounting and shows how the latest accounting standards impact decision making.
Customer Reviews:
Huh?.......2006-10-11
Apparently, the previous two reviews were written by the authors.
In all honesty, this is the most un-readable text I have encountered in my 4 years of undergrad and 1+ years of grad study.
I can understand the diffuclty in translating FASB and SFAS principles to layman's terms, but the general flow of the text is verbose and time consuming.
The follow up questions at the end of each chapter often refer to topics that are defined differently in the chapter itself, leading you to re-read and re-read the same chapter. Important topics that could be otherwise easily explained are drawn out to the point where you feel your just plain stupid.
If you are a professor and your looking for a text to assign, this is not it.
Unless you're a sadist.
A review of Accounting Theory text.......2000-03-01
In my opinion, this is an outstanding text. It is easy to read and it covers all the important areas of accouning theory. In my view, this text eliminates the need for the student to study sentences trying to understand what is being said. The writing is clear and straight to the point. Thus, one can concentrate on learning, not trying to unscramble sentences for meaning. If you are looking for an accounting theory text, give this one a look-see. My guess is that you will like what you read. Like all theory texts, however, this one does NOT come with much material to assist an instructor (e.g., no test bank, no transparencies to assist in teaching, etc.). About the only thing I found was an accompanying booklet that gives answers to "cases" that are in given for each chapter. However, this is not a serious drawback, in my view. Because of skimpy supporting material, I would think that authors would notice this and "corner the market" by trying to please educators. Given the excellence of this text, my guess is that ample supporting materials would put this text in lots of classrooms. But that is just my opinion.
Well presented and simple to understand. But lack............1999-08-18
This book has presented the Accounting Theory in a simple to understand manner. It is useful for those who need to acquire simple to understand theories in the FASB. Unfortunetly, the book does not go into the explaining of the many theories in details, eg. the prescriptive and descriptive theories.
Book Description
-
Instructional Flexibility
Bank management instructors vary in their approaches to teachingthis course, and this text includes elements of business financialtheory, along with practical institutional material that distinguishesfinancial businesses from non-financial ones.
The authors use end of chapter problems and case exercises toshow students that the course goes beyond computation to requireanalysis and critical thinking skills.·
Flexibility in Level of PresentationChapters progress from patient introductions of fundamentals tomore challenging applications and then to appendices that containadvanced and often rigorous concepts and applications.
Customer Reviews:
GOOD INITIAL TEXTBOOK ON BANK MANAGEMENT.......2006-02-06
This book is a good example of what a textbook should be like. It explains the topic of bank management with competence, pointing out all the major issues without going too deep (and boring the beginner). After reading the first few chapters, the interested reader feels knowledgeable enough to intelligently discuss the topic.
The book is well segmented, with an initial explanation of bank financial statements and the main risks and opportunities associated with bank management. These chapters empower the beginner with confidence of understanding exactly how a bank makes money. Bank management seems like a very complex topic, something outside the reach of normal people; it is not true, anyone with a decent volume of training could perform the basic management activities of a bank.
I highly recommend this book for anyone working at a bank in order to understand the business, its risks and the main drivers of performance. If you are considering bank entrepreneurship, this is a must. There is a chapter that demonstrates the initial processes of bank management in a very simple way, which is interesting and encouraging to someone following down that pathway.
Very useful book..........2001-06-26
It is a very useful book with a clear style and it presents an in-depth analysis of commercial banks. But it lacks one thing that could have made it much better: it doesnt have a solutions manual and a guide for the cases..It presents difficulties for the self learners like me...
Want to know about banking ?.......2001-04-22
The essentials of banking are clearly explained in this book.Topics such as the management of bank capital, asset/liability management,international banking and bank mergers and acquisitions are explained with detail and clarity. Though this book doesn't deal with internet banking it helps you understand the underlying nature of every bank. I specially like the chapter where the authors explain the profitability of banks and how the banking business measures it.
Sadly Out-of-Date.......1999-10-10
The authors seem to be out-of-touch with today's high-tech banking and trends. A new generation of bankers moving at the "speed of thought" has left the contents of this book in the dust. Not a good pick for educating students who will lead the pack in the new millennium.
Excellent Book - A must read for all aspiring Bankers.......1998-07-25
This is an excellent book which has dealt with the subject of Banking in depth. It is scientific in its approach and made the subject understandable to even morons like me (as quoted by my wife).. Do not miss this..
Books:
- Financial Reporting and Analysis (3rd Edition)
- Financial Statecraft: The Role of Financial Markets in American Foreign Policy
- Food and Beverage Cost Control
- Foundations of Financial Markets and Institutions (3rd Edition)
- Fundamentals of Multinational Finance (2nd Edition) (Eiteman Series)
- Generational Accounting around the World (National Bureau of Economic Research Project Report)
- Governmental and Nonprofit Accounting: Theory and Practice (8th Edition) (Charles T Horngren Series in Accounting)
- Guide to the Sarbanes-Oxley Act: What Business Needs to Know Now That it is Implemented
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
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