Loose Leaf for Financial Reporting and Analysis

Revsine's Financial Reporting & Analysis 8th edition is fully updated for new FASB/GAAP standards in Leases and Revenue Recognition as well as for the Tax Cuts and Jobs Act (TCJA). Updates are also included in Connect the premier digital teaching and learning tool that allows instructors to assign and assess course material.Financial Reporting & Analysis (FR&A) by Revsine/Collins/Johnson/Mittelstaedt/Soffer emphasizes both the process of financial reporting and the analysis of financial statements. This book employs a true "user" perspective by discussing the contracting and decision implications of accounting helping readers understand why accounting choices are so important and to whom they matter. Revsine Collins Johnson Mittelstaedt and Soffer train their readers to be good financial detectives by enabling them to read use and interpret the statements. Most importantly FR&A helps students develop critical-thinking skills and understand how and why managers can utilize the flexibility in GAAP to adapt the numbers for their own purposes. "One of our objectives in writing this book is to help students become skilled preparers and informed consumers of financial statement information. The financial reporting environment today is particularly challenging. Accountants, auditors, and financial analysts must not only know the reporting practices that apply in the United States (U.S. GAAP), they must also be aware of the practices allowed in other countries under International Financial Reporting Standards (IFRS). We believe it is essential for students to comprehend the key similarities and differences between current U.S. GAAP and IFRS"-- Provided by publisher