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Financial Management: Managerial Level 6th Revised edition [Minkštas viršelis]

  • Formatas: Paperback / softback, 590 pages, aukštis x plotis: 189x246 mm
  • Serija: CIMA Official Learning System
  • Išleidimo metai: 01-Jul-2009
  • Leidėjas: CIMA Publishing
  • ISBN-10: 185617784X
  • ISBN-13: 9781856177849
Kitos knygos pagal šią temą:
Financial Management: Managerial Level 6th Revised editionDidesnis paveikslėlis
  • Formatas: Paperback / softback, 590 pages, aukštis x plotis: 189x246 mm
  • Serija: CIMA Official Learning System
  • Išleidimo metai: 01-Jul-2009
  • Leidėjas: CIMA Publishing
  • ISBN-10: 185617784X
  • ISBN-13: 9781856177849
Kitos knygos pagal šią temą:
Pastovi nuoroda: https://www.kriso.lt/db/9781856177849.html

CIMA Official Learning Systems are the only textbooks recommended by CIMA as core reading. Written by the CIMA examiners, markers and lecturers, they specifically prepare students to pass the CIMA exams first time.

Fully updated to reflect the 2010 syllabus, they are crammed with features to reinforce learning, including:

- step by step coverage directly linked to CIMA's learning outcomes

- fully revised examples and case studies

- extensive question practice to test knowledge and understanding

- integrated readings to increase understanding of key theory

- colour used throughout to aid navigation



* The Official Learning systems are the only study materials endorsed by CIMA
* Key sections written by former examiners for the most accurate, up-to-date guidance towards exam success
* Complete integrated package incorporating syllabus guidance, full text, recommended articles, revision guides and extensive question practice

CIMA Official Learning Systems are the only textbooks recommended by CIMA as core reading. Written by the CIMA examiners, markers and lecturers, they specifically prepare students to pass the CIMA exams first time.

Fully updated to reflect the 2010 syllabus, they are crammed with features to reinforce learning, including:

- step by step coverage directly linked to CIMA's learning outcomes

- fully revised examples and case studies

- extensive question practice to test knowledge and understanding

- integrated readings to increase understanding of key theory

- colour used throughout to aid navigation



* The Official Learning systems are the only study materials endorsed by CIMA
* Key sections written by former examiners for the most accurate, up-to-date guidance towards exam success
* Complete integrated package incorporating syllabus guidance, full text, recommended articles, revision guides and extensive question practice
The CIMA Learning System xi
Acknowledgements xi
How to use the CIMA Learning System xi
Guide to the Icons used within this Text xii
Study technique xiii
Paper F2 Financial Management xv
Introduction to F2 Financial Management
1(6)
Learning Outcomes
3(1)
Introduction
3(1)
International Financial Reporting Standards covered by the Financial Management syllabus
4(1)
Advice and guidance for F2 candidates
4(2)
Summary
6(1)
Accounting for Investments
7(16)
Learning Outcomes
9(1)
Introduction
9(1)
Accounting for investments
9(1)
Investment in associates
10(1)
Investment in subsidiaries
11(6)
The principle of control
11(1)
The requirement to prepare consolidated financial statements
12(1)
Exclusion from preparing consolidated accounts
12(1)
Goodwill
13(1)
IFRS 3 Business combinations
14(1)
Fair values in acquisition accounting
14(3)
Investment in joint ventures
17(1)
Summary
17(6)
Revision Questions
19(2)
Solutions to Revision Questions
21(2)
The Consolidated Statement of Financial Position
23(34)
Learning Outcomes
25(1)
Introduction
25(1)
Applying the principles of consolidation: the consolidated statement of financial position
25(4)
Goodwill
28(1)
Bargain purchases
29(1)
Non-controlling interests
29(3)
Accounting for non-controlling interests
30(2)
The elimination of intra-group balances
32(3)
Intragroup loans and preference shares
34(1)
The treatment of unrealised profits on assets bought from group companies
35(4)
Intra-group trading in non-current assets
38(1)
Adjustments to achieve uniformity of accounting policy
39(1)
Adjustments for fair value at the date of acquisition
40(2)
Summary
42(15)
Revision Questions
45(6)
Solutions to Revision Questions
51(6)
The Consolidated Income Statements of Comprehensive Income and Changes in Equity
57(22)
Learning Outcomes
59(1)
Introduction
59(1)
IAS 1 (revised) Presentation of financial statements
59(2)
Basic principles
61(2)
Investments in preference shares and loans
63(2)
Intra-group trading
65(3)
Adjustments for fair value or to reflect changes in accounting policy
68(2)
Summary
70(9)
Revision Questions
71(4)
Solutions to Revision Questions
75(4)
Associates and Joint Ventures
79(26)
Learning Outcomes
81(1)
Introduction
81(1)
IAS 28 Accounting for associates
82(4)
Equity accounting
82(3)
Treatment of unrealised profits on intra-group trading
85(1)
IAS 31 Interests in joint ventures
86(4)
Accounting for joint ventures
87(1)
Accounting for jointly controlled entities
87(3)
Treatment of unrealised profits on intra-group trading
90(1)
Alternative treatment
90(1)
The impact of different methods of accounting for investments
90(3)
Fair values and accounting policies
93(1)
Summary
93(12)
Revision Questions
95(6)
Solutions to Revision Questions
101(4)
Consolidated Statement of Cash Flows
105(26)
Learning Outcome
107(1)
Introduction
107(1)
IAS 7 --- the general principles
107(1)
IAS 7 --- standard headings
108(1)
Cash flow statements for groups
108(10)
General principles
108(1)
Treatment of subsidiaries with non-controlling interests
108(2)
Treatment of investments that are equity-accounted
110(1)
Treatment of investments acquired during the year
110(2)
Treatment of investments disposed of during the year
112(3)
Treatment of foreign subsidiaries
115(3)
Summary
118(13)
Revision Questions
119(6)
Solutions to Revision Questions
125(6)
Changes to Group Structures
131(44)
Learning Outcomes
133(1)
Introduction
133(1)
Acquisitions in the accounting period
134(2)
Introduction
134(2)
Dividends paid by the subsidiary out of profits earned in the year of acquisition in the financial statements of the parent
136(1)
Dividend paid before the date of acquisition
136(1)
Fair value in acquisition accounting
136(5)
The requirements of IFRS 3 Business Combinations (`IFRS 3')
136(1)
Summary of points given in
Chapter 2 regarding fair value for individual assets and liabilities
137(1)
Application of fair value adjustments
138(3)
Piecemeal acquisitions
141(4)
General principles
141(1)
Piecemeal acquisitions: increasing a stake from a simple investment to a subsidiary
142(2)
Piecemeal acquisitions: from associate to subsidiary
144(1)
Piecemeal acquisitions: increasing a controlling interest
144(1)
Disposals in the period
145(6)
Accounting treatment
145(5)
Interim dividends paid in the year of disposal
150(1)
Business reorganisations
151(5)
Future developments
151(1)
Infra-group reconstructions
152(4)
Summary
156(19)
Revision Questions
157(8)
Solutions to Revision Questions
165(10)
Foreign Currency Translations
175(22)
Learning Outcomes
177(1)
Introduction
177(1)
IAS 21 the effects of changes in foreign exchange rates
177(2)
Foreign currency transactions: the accounting problem
177(1)
IAS 21 Objectives and key definitions
178(1)
Single transactions in foreign currencies
179(1)
Translating foreign operations
180(5)
Change in functional currency
185(1)
Hedging
185(2)
Summary
187(10)
Revision Questions
191(1)
Solutions to Revision Questions
191(6)
Complex Group Structures
197(20)
Learning Outcome
199(1)
Introduction
199(1)
Accounting for sub-subsidiaries
199(4)
The basics of preparation of the consolidated accounts
199(3)
Date of acquisition of sub-subsidiary
202(1)
Mixed groups
203(2)
Indirect investment in associates or joint ventures
205(4)
Summary
209(8)
Revision Questions
209(4)
Solutions to Revision Questions
213(4)
Substance Over Form
217(16)
Learning Outcomes
219(1)
Introduction
219(1)
Principles of substance over form
219(2)
Off-balance-sheet financing
220(1)
Applying substance over form
220(1)
Recognition of Revenue
221(2)
Revenue recognition: sale of goods
222(1)
Revenue recognition: sale of services
222(1)
Recognition and derecognition of assets and liabilities
223(1)
Recognition of assets and liabilities
223(1)
Derecognition of assets and liabilities
223(1)
Substance over form: cases
224(3)
Sale and repurchase agreements
224(1)
Consignment stock
225(1)
Factoring of receivables
226(1)
Securitised assets and loan transfers
227(1)
Special purpose entities (SPEs)
227(1)
Summary
227(6)
Revision Questions
229(2)
Solutions to Revision Questions
231(2)
Accounting for Financial Instruments
233(34)
Learning Outcome
235(1)
Introduction
235(1)
Financial instruments --- relevant accounting standards
235(1)
IAS 32 Financial instruments: presentation
236(5)
Definitions
236(1)
Classification of financial instruments
237(3)
Hybrid instruments
240(1)
IAS 39 Financial instruments: recognition and measurement
241(8)
Initial recognition of financial assets and liabilities
241(2)
Initial measurement
243(1)
Subsequent measurement of financial instruments financial assets
244(2)
Impairment
246(1)
Derivatives
247(2)
Hedging
249(3)
Hedging relationships
249(1)
Fair value hedges
250(1)
Cash flow hedges
251(1)
Designation of hedges
252(1)
IFRS 7 Financial instruments: disclosure
252(1)
Summary
253(14)
Revision Questions
255(6)
Solutions to Revision Questions
261(6)
Employee Benefits
267(22)
Learning Outcomes
269(1)
Introduction
269(1)
IAS 19 Employee benefits
269(2)
Key definitions
270(1)
Accounting for post-employment benefits
271(3)
Defined contribution plans
271(1)
Defined benefit plans
271(3)
Amendment to IAS 19 --- December 2004
274(1)
IFRS 2 Share-based Payment
275(2)
Accounting for share-based payments
277(3)
Types of share-based payments
277(1)
Recognition of share-based payments
277(1)
Measurement
277(3)
Summary
280(9)
Revision Questions
281(4)
Solutions to Revision Questions
285(4)
Financial Reporting in an Environment of Price Changes
289(28)
Learning Outcomes
291(1)
Introduction
291(1)
Defects of historical cost accounting
291(2)
Accounting for changing price levels
293(15)
Capital and income
294(2)
Replacement cost (entry value) accounting
296(2)
Realisable or exit values
298(1)
Current cost accounting
299(4)
Current purchasing power (CPP) accounting
303(3)
The `real terms' system
306(2)
Financial reporting in hyperinflationary economies
308(1)
What is hyperinflation?
308(1)
Dealing with hyperinflation
308(1)
Summary
309(8)
Revision Questions
311(2)
Solutions to Revision Questions
313(4)
Interpretation of Accounting Ratios
317(38)
Learning Outcome
319(1)
Introduction
319(1)
Interpretation and analysis
319(3)
Identification of the user of the analysis
320(1)
Understanding the business
321(1)
Identifying relevant sources of data
322(1)
Performance ratios
322(5)
Profitability ratios
322(3)
Activity ratios
325(1)
Return on capital ratios
326(1)
Liquidity ratios
327(3)
Working capital analysis
327(3)
Analysis of capital structure
330(1)
Measuring the performance effects of capital structures
330(1)
Measuring statement of financial position gearing
331(1)
Valuation ratios and analysis for the investor
331(5)
Price/earnings ratio
331(1)
Dividend-related ratios
332(1)
Statement of financial position ratios
333(3)
Analysing the cash flow statement
336(2)
Using ratios in the exam
338(1)
Summary
339(16)
Revision Questions
341(6)
Solutions to Revision Questions
347(8)
Earnings Per Share
355(20)
Learning Outcome
357(1)
Introduction
357(1)
IAS 33 Earnings per share
358(1)
Basic earnings per share
359(3)
Issue at full market price
359(1)
Bonus issue
359(1)
Rights issue
360(1)
Other relevant points
361(1)
Diluted earnings per share
362(3)
Convertible financial instruments
362(1)
Share warrants and options
363(1)
Dilutive potential ordinary shares
364(1)
Disclosure requirements
365(1)
Summary
365(10)
Revision Questions
367(4)
Solutions to Revision Questions
371(4)
Interpretation of Financial Statements
375(42)
Learning Outcomes
377(1)
Introduction
377(1)
Horizontal, vertical and common size analysis
378(3)
Horizontal analysis
378(1)
Vertical analysis
379(1)
Common size analysis
380(1)
Segment analysis
381(4)
IFRS 8 Operating Segments
382(2)
Operating segments --- discussion
384(1)
The limitations of financial reporting information
385(3)
Limitations of ratio analysis
388(2)
Creative accounting
390(3)
Methods employed by creative accountants
390(2)
The motivation to use creative accounting
392(1)
Special problems in analysing financial obligations
393(1)
Summary
394(23)
Revision Questions
395(10)
Solutions to Revision Questions
405(12)
Scope of External Reporting
417(46)
Learning Outcomes
419(1)
Introduction
419(1)
The pressure to extend external reporting
419(2)
Inclusion of forecasts in annual reports
420(1)
The effect of accounting scandals
420(1)
Corporate social responsibility
420(1)
Demands for more information
421(1)
Increasing the scope of reporting
421(4)
The Operating and Financial Review
422(1)
The Business Review
422(1)
OFR: the ASB's reporting statement of best practice
423(1)
International developments
424(1)
Social accounting and reporting
425(1)
Accounting for the impacts of the entity on the natural environment
426(3)
Measuring and reporting financial information relating to the environment
426(2)
Non-financial disclosures
428(1)
Accounting for, and reporting on, human resource issues
429(3)
Disclosures in respect of social issues
430(1)
Intellectual capital reporting
430(1)
Human asset accounting
431(1)
The Global Reporting Initiative
432(1)
Summary
433(30)
Readings
435(14)
Revision Questions
449(6)
Solutions to Revision Questions
455(8)
International Issues in Financial Reporting
463(20)
Learning Outcomes
465(1)
Introduction
465(1)
International convergence in financial reporting
465(3)
Recent history of international standard-setting
466(1)
The IASB's progress towards its objectives
467(1)
Convergence between IFRSs and US GAAP
468(2)
US GAAP --- background
468(1)
Progress towards convergence
469(1)
Remaining differences between US GAAP and IFRS
470(1)
Summary
470(13)
Readings
473(4)
Revision Questions
477(2)
Solutions to Revision Questions
479(4)
Preparing for the Examination
483(70)
Revision technique
485(1)
Planning
485(1)
Getting down to work
486(1)
Tips for the final revision phase
486(1)
The format of the examination
486(67)
Structure of the paper
486(1)
How to tackle the examination
487(2)
Revision Questions
489(30)
Solutions to Revision Questions
519(34)
Exam Q & As 553(2)
Index 555