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Financial Statements is based on an international IFRS accounting syllabus as taught at UAS Osnabrück and its international partner universities. The textbook covers the preparation, disclosure, and analysis of financial statements on a bachelor's and master's level. It contains more than sixty case studies and numerous links to an online materials bank. As the cases dominate the textbook space, readers get the impression to observe accountants at work. The case studies comprise of detailed calculations, journal entries, T-accounts, and financial statements. For open book exams, the text includes how-it-is-done paragraphs which offer directions for accounting work. The textbook's structure follows the sequence of balance sheet items beginning with non-current assets and ending at income tax liabilities. It further discusses a full set of financial statements. That comprises of the income statement, the statement of cash flows and the statement of changes in equity. The notes are provided for a case study including ESG reporting. Group accounting and joint venture accounting are covered as well.Readers can download numerous online materials, like exam tasks with solutions thereto, links to youtube clips produced by the author and spreadsheets for support of their accounting work in academia.Financial statements is a standard textbook for accounting classes taught at universities of applied sciences in English and supports managers and accountants who strive to enhance their knowledge about national accounting towards IFRS standards.
List of contents
1. Conventions2. Financial Statements based on HGB3. Financial Statements based on IFRSs4. Accounting for Retailers5. Basics of Financial Statement Analysis6. Formal Financial Statement Requirements7. Non-current Assets on the Balance Sheet8. Business Combinations9. Current Assets on the Balance Sheet10. Statement of Cash Flows11. Equity on the Balance Sheet12. Statement of Profit or Loss and Other Comprehensive Income13. Statement of Changes in Equity14. Liabilities on the Balance Sheet
About the author
Prof. Dr. Carsten Berkau teaches accounting at Osnabrück University UAS and in South Africa, Malaysia, South Korea and China. Other books: Basics of Accounting, Bilanzen and Management Accounting.
