PART ONE BUSINESS COMPETITION, STANDARDS BOARDS, AND CORPORATE ACCOUNTING: Chapter 1 NEW RULES OF COMPETITION AND ACCOUNTING STANDARDS; Chapter 2
INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) AND CORPORATE GOVERNANCE; Chapter 3 DYNAMICS OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS); Chapter 4 THE CONTROVERSY OVER IAS 39; Chapter 5
IAS 39 AND THE RECOGNITION OF DERIVATIVES RISK. PART TWO IMPLEMENTING IFRS: Chapter 6 PROJECT MANAGEMENT FOR IMPLEMENTATION OF IFRS; Chapter 7 AN IFRS TASK FORCE CASE STUDY. TOP MANAGEMENT'S RESPONSIBILITY FOR FAIR VALUE ACCOUNTING. PART THREE MANAGEMENT ACCOUNTING AND THE BUDGET: Chapter 8 MANAGEMENT ACCOUNTING AND CORPORATE GOVERNANCE; Chapter 9 BUDGETING. A CASE STUDY ON FINANCIAL PLANNING; Chapter 10 VALUING ASSETS. THE CHALLENGE OF BEING "RIGHT"; Chapter 11 BUSINESS ETHICS ADD VALUE TO FINANCIAL DISCLOSURES; Chapter 12 FORWARD LOOKING STATEMENTS, MODELS, EARNINGS, AND GOODWILL. PART FOUR CORPORATE GOVERNANCE AND THE BALANCE SHEET: Chapter 13 BALANCE SHEETS AND INCOME STATEMENTS AS MANAGEMENT TOOLS; Chapter 14
ECONOMIC CAPITAL IS AT BOTH SIDES OF THE BALANCE SHEET; Chapter 15 THE REAL-TIME MANAGEMENT REPORT;
Chapter 16 INTERNAL CONTROL, STRESS TESTING, AND EFFECTIVE RISK MANAGEMENT; Chapter 17 ROLE OF THE AUDIT COMMITTEE.
The book divides into four parts.
Part One: addresses the fundamentals of management accounting as contrasted to regulatory accounting procedures and financial reporting by public companies.
This text is the product of personal experience, and much experimentation at major companies, in efforts to determine how their managers can best understand the firms vital accounting figures, and how company goals can be met in a cost/effective manner.
The text explains the function of management accounting and of internal management accounting information sy