Work more effectively and gauge your progress along the way! This Study Guide is designed to accompany Hughes' "Financial Accounting: A Valuation Emphasis". It allows students to review and apply their understanding of important concepts discussed in the main text. In addition to a detailed chapter review, this study guide contains true/false questions, multiple choice questions, and exercises of varying degrees of difficulty. Detailed solutions are provided for all questions and exercises. A company is worth only as much as its accounting information. The Financial Accounting Standards Board recently issued an exposure draft providing guidance on how to measure fair value. Some observers anticipate future pronouncements requiring more extensive use of fair value in accounting disclosures. In the absence of market prices, determining fair values requires the application of various valuation concepts. "Financial Accounting: A Valuation Emphasis" integrates an understanding of valuation concepts with accounting principles. The authors place considerable emphasis on the economic consequences of accounting practices.
You'll develop a solid background in basic accounting processes and disclosures, and the critical role of accounting in valuation. It highlights the valuation and economic consequences of core accounting concepts. It emphasizes the construction of accounting information and how that information affects the value of the firm. It offers an inviting and accessible presentation, with real world examples and transactions. It provides an early treatment of statement of cash flows and financial statement analysis. It illustrates key concepts, including valuation models through an integrated example of a hypothetical company. It helps you appreciate the significance of accounting information to managers, investors, regulators, and others with an interest in the firm s affairs.