This is the first and only book to combine the concept of shareholder value creation with the financial reporting process. Readers will discover the clear links between shareholder value creation, the financial accounting statements, and the market value of the firm. They'll also explore the steps leading from good decisions by management to strong financial statements, and higher shareholder value and stock prices. Throughout the pages, the authors strike an effective balance among the mechanics underlying the preparation of the statements, the measurement issues behind the mechanics, and the economic context in which the statements are prepared and used.
FREE Two-Day Shipping for Students. Learn more |
 Sell Back Your Copy for $32.48
Whether you buy it used on Amazon for $40.00 or somewhere else, you can sell it back through our Book Trade-In Program at the current price of $32.48.
Used Price$40.00
Trade-in Price$32.48
Price after
Trade-in$7.52 |
Book Description
Special Offers and Product Promotions
- Buy $50 in qualifying physical textbooks, get $5 in Amazon MP3 Credit. Here's how (restrictions apply)
Frequently Bought Together
Editorial Reviews
From the Back Cover
How to use financial reporting to create shareholder value.
Creating shareholder value is fundamental to management performance and performance evaluation. Speaking to current and future executives, this is the first text to combine this essential concept with the financial reporting process—the primary provider of the measures of shareholder value creation and its determinants.
Thoughtful, creative, and easy to understand. Financial Reporting for Managers: A Value-Creation Perspective links shareholder value creation and the financial accounting statements to the market value of the firm in a way that can easily be understood by beginners and professionals alike. In simple, powerful terms, the book lays out the pathways leading from good decisions by management to strong financial statements, and higher shareholder value and stock prices.
With this book, you will learn about:
- Shareholder value and its importance to a company’s long-term success
- Financial statements and how to use them to measure, identify, and encourage value creation
- ROE (Return on Equity), its determinants, and its relationship to the market value of the firm
- Earnings management
- Revenues, expenses, and working capital
- Long-term producing assets and investments in equity securities
With real-world cases illustrating each chapter and integrated global coverage, Financial Reporting for Managers ensures that you not only master the fundamentals of financial reporting, but then apply your knowledge to build strong long-term value for your organization.
About the Author
Jamie Pratt is Professor of Accounting at Indiana University, and has taught both around the U.S. and internationally. In 1993, he was the program chair for the American Accounting Association. He has been on the Educational Advisory Committee since 1990, and has also been the secretary of the board for the Pratt Corporation for 17 years. He has published extensively in research journals and has penned several texts.
D. Eric Hurst is Associate Dean and Professor in the Department of Accounting at the Red McCombs School of Business at The University of Texas at Austin. His research has been published in Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Auditing: A Journal of Practice & Theory, and Organizational Behavior and Human Decision Processes.
Product Details
Would you like to update product info or give feedback on images?
|
More About the Author
Discover books, learn about writers, read author blogs, and more.
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
5.0 out of 5 stars
A Must Read for MBA's and Managers Everywhere!,
By
This review is from: Financial Reporting for Managers: A Value-Creation Perspective (Paperback)
Pratt and Hirst provide wide-eyed MBA students, and those interested in understanding accounting principles and value creation, a superb introduction to the subject. The book is extremely easy to read and written for both beginners and managers who wish to reacquaint themselves with fundamental accounting practices.
The tone of the book reflects the author's contagious passion for the subject. It is a one of a kind introductory text that does NOT leave the reader spinning and confused with intricate details of balancing spreadsheets. Instead (thankfully!), it has a graduate level focus on: 1) Connecting accounting and business practices with shareholder value creation 2) Understanding the variety of financial statements and how they are interlinked 3) Areas managers should address to gain operational and financial efficiencies 4) Aligning management incentives with those of the companies shareholders Overall, an engaging and strongly recommended graduate level business book on accounting and value creation.
Share your thoughts with other customers: Create your own review
|
|
Inside This Book
(learn more)
Key Phrases - Statistically Improbable Phrases (SIPs):
(learn more)
accounting directives, dividends receivable, ending balance, firm value, deferred taxes, common equity leverage, member stock options, capital structure leverage, assessing value creation, inventory cost flow assumption, treasury stock purchases, current operating assets, accumulated other comprehensive income, costly financing, operating transactions, overall market return, deferred income tax liability, operating liabilities, future value creation, international reporting standards, accrued payables, savvy analysts, cost flow assumptions, implied goodwill, lease treatment Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Iron Mountain, Operating Transactions Revenues, Manchester United, Home Depot, Weis Markets, Closer Look, Placer Dome, Sales Assets, Environment of Financial Reporting, International Financial Reporting Standards, General Electric, Four Important Issues, Measuring the Value of Debt, United Kingdom, Sector Median, Year Ended December, Valuation Principles, Consolidated Statements of Cash Flows, Accounting Principle, Measures of Effective Asset Management, Dell Inc, Lowe's Companies, General Motors, Financial Accounting Standards Board Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
accounting directives, dividends receivable, ending balance, firm value, deferred taxes, common equity leverage, member stock options, capital structure leverage, assessing value creation, inventory cost flow assumption, treasury stock purchases, current operating assets, accumulated other comprehensive income, costly financing, operating transactions, overall market return, deferred income tax liability, operating liabilities, future value creation, international reporting standards, accrued payables, savvy analysts, cost flow assumptions, implied goodwill, lease treatment Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Iron Mountain, Operating Transactions Revenues, Manchester United, Home Depot, Weis Markets, Closer Look, Placer Dome, Sales Assets, Environment of Financial Reporting, International Financial Reporting Standards, General Electric, Four Important Issues, Measuring the Value of Debt, United Kingdom, Sector Median, Year Ended December, Valuation Principles, Consolidated Statements of Cash Flows, Accounting Principle, Measures of Effective Asset Management, Dell Inc, Lowe's Companies, General Motors, Financial Accounting Standards Board Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
What Other Items Do Customers Buy After Viewing This Item?
Tags Customers Associate with This Product(What's this?)Click on a tag to find related items, discussions, and people.
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
Customer Discussions
|
This product's forum
Active discussions in related forums
Search Customer Discussions
|
Related forums
|
