international financial reporting

Marco Mongiello
International Financial Reporting
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2

Marco Mongiello
International Financial Reporting
Download free eBooks at bookboon.com
3

International Financial Reporting
1
st
edition
© 2010 Marco Mongiello &
bookboon.com
ISBN 978-87-7681-424-3
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International Financial Reporting
4
Contents
Contents
Book description 7
About the author 8
1 Introduction 9
2 e annual reports under the International Financial
Reporting Standards (IFRS) 12
3 Balance sheet: its contents and informational aims 15
3.1 Assets: denition, classication, valuation 15

3.2 Liabilities: denition, classication, valuation 19
3.3 Equity: value, meaning, components 21
3.4 Overall informational value of the balance sheet 22
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International Financial Reporting
5
Contents
4 Income statement: various levels of prot and informational aims 24
4.1 Gross prot 24
4.2 Operating prot and prot before interest and tax 25
4.3 Prot aer tax and retained prot 27
5 Cash ow statement: its contents and informational aims 29
6 Statement of changes in equity: its contents and informational aims 31
7 Analysis and interpretation of the annual report 32

7.1 e narrative component of the annual report 32
7.2 Ratio analysis 33
7.3 A holistic and dynamic approach to analysis and interpretation 42
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