Cash Flow Accounting (The Chapman & Hall Series in Accounting & Finance)

This text attempts to draw together the ideas of cash flow accounting and exit value accounting in a unified system of reporting that is explained in simple terms. Providing a focus, it offers a model of reporting which can be used for further study, discussion and development. Many of the conventional ideas of financial reporting theory and practice are challenged, and order to reinforce the argument, the author makes continuous use of simple numerical examples. The text identifies the type of financial reporting relevant to the needs of various report users who are concerned with matters relating to entity liquidity and profitability. In the past more attention has been paid to the problems of financial reporters and auditors than to the needs of report users. This text aims to redress this imbalance. The book has been constructed as a series of related chapters, with the reader encouraged to build a complete understanding by following the progression of ideas set out by the author. This text should be of interest to advanced undergraduate students in accounting and finance, as well as professional accountants.