AC330 Financial Accounting, Analysis and Valuation (AC330)
Summary
Summary AC330 Financial Accounting, Analysis and Valuation notes
8 views 0 purchase
Course
AC330 Financial Accounting, Analysis and Valuation (AC330)
Institution
London School Of Economics (LSE)
Condensed notes (including reading summaries and calculation steps) for the AC330 course. Very useful when preparing for your AC330 exam. The creator of these notes obtained a First (89%).
AC330 Financial Accounting, Analysis and Valuation (AC330)
All documents for this subject (3)
Seller
Follow
leoniedong
Reviews received
Content preview
AC330 Financial Accounting, Analysis and Valuation
Table of content
AC330 Financial Accounting, Analysis and Valuation 1
Consolidated Balanced Sheet ................................................................................................... 3
“Clean surplus” accounting ............................................................................................................. 3
“Dirty surplus” accounting .............................................................................................................. 3
Revaluation of non-current assets ................................................................................................... 3
Accounting for inventory ................................................................................................................. 3
Purchase (acquisition) accounting method ............................................................................. 5
Steps in consolidation ....................................................................................................................... 5
Analysis of S’s equity with NCI ....................................................................................................... 6
Consolidated retained profits in the consolidated balance sheet – alternative check ................ 7
Consolidated statement of changes in equity ................................................................................. 7
Sunder (1975) ............................................................................................................................ 8
Aim/purpose ...................................................................................................................................... 8
Background/theory ........................................................................................................................... 8
Key findings - relationship between accounting changes to LIFO and stock price changes ..... 8
Prakash and Sinha (2013) ........................................................................................................ 9
Relevant past paper .......................................................................................................................... 9
Purpose .............................................................................................................................................. 9
Assumptions/backgrounds ............................................................................................................... 9
Key findings ....................................................................................................................................... 9
Systematic "mismatch" in firms' revenue recognition practices .................................................................... 9
whether analysts fully incorporate information about ∆DRC in sales and earning forecasts .................... 10
Impacts on the market - abnormal returns ................................................................................................... 10
Lent Term Content .................................................................................................................. 11
Balance sheet - Profitability analysis ............................................................................................ 11
Reformulated Balance Sheet .......................................................................................................... 11
Reformulated income statement .................................................................................................... 11
Indicators frequently used by analysts ......................................................................................... 11
Reformated cash flow statement ................................................................................................... 12
, Ratio analysis .................................................................................................................................. 12
Operating ROA ............................................................................................................................................ 12
Cash flow analysis ........................................................................................................................... 12
Stock-and-flow equations ............................................................................................................... 12
Summary on standard practice for intangibles ........................................................................... 12
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller leoniedong. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.80. You're not tied to anything after your purchase.
