A second course in reporting, taken one statement at a time
Intermediate financial accounting moves past the introductory rules and into the judgements that make reported numbers differ between companies: revenue contracts, leases, pensions, derivatives, income taxes and consolidated groups. This collection keeps the ground a standard second course covers and rebuilds it as short, self-contained pieces you can finish in one sitting. Each piece takes one reporting problem, works through the rule behind it and the calculation it produces, and ends on the disclosure the number lands in. Work through it and you can read a real set of financial statements, a lease note and a consolidation schedule without a lecturer standing next to you.
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How reporting is governed, and how a transaction becomes a disclosed number.
How reporting is governed, and how a transaction becomes a disclosed number.
Reading the statements, then valuing the cash flows behind them.
Reading the statements, then valuing the cash flows behind them.
The working-capital accounts where measurement choices bite first.
The working-capital accounts where measurement choices bite first.
Acquiring, using, writing down and retiring the assets a business keeps.
Acquiring, using, writing down and retiring the assets a business keeps.
How a company raises money, and what the financing structure does to the shares.
How a company raises money, and what the financing structure does to the shares.
Where measurement turns on contracts, influence and the tax base.
Where measurement turns on contracts, influence and the tax base.
Two long-term obligations that behave nothing like ordinary debt.
Two long-term obligations that behave nothing like ordinary debt.
What happens when the numbers themselves change, and how it is all disclosed.
What happens when the numbers themselves change, and how it is all disclosed.
“The reporting judgements a second course expects, without the semester around them.”
Most treatments of this subject bury the reasoning under end-of-chapter problems. This collection keeps the reasoning and drops the bulk, so a reader can follow how a revenue contract, a lease or a pension promise becomes a number. It is unusually good at showing why two similar transactions report so differently.
Nano College takes the standard university textbook for a course and turns it into short, self-contained pieces you can actually finish. We keep the ground the textbook covers and the rigour it insists on; what we leave out is the padding that only exists to fill a semester.