Financial reporting - William H. Beaver

Focuses on concepts rather than procedures and is founded upon institutional knowledge of the financial reporting environment based on Beaver's experience as a member of the SEC Advisory Committee on Corporate Disclosure.* NEW - Chapter 4 now includes the Feltham-Ohlson framework and discusses key features of financial reporting, such as clear surplus, delayed recognition, conservatism, and discretionary accruals. * NEW - Acknowledges recent research that incorporates balance sheet as well as earnings variables. * NEW - Chapter 5 reflects recent empirical research that adopts a balance sheet perspective and discusses the dual book value and earnings valuation studies. * NEW - Chapter 6 has been revised to include empirical research documenting systematic patterns in security returns, such as the post-earnings announcement drift and the forecasting of future returns as a function of future returns as a function of the book to market ratio. *In addition to financial reporting and financial statement analysis, this text can be used in accounting theory courses and finance courses where financial reporting plays an important role (i.e., investments).;*Text brevity allows pairing with other texts or case supplements.