Description:
How to read an annual report under the ’International Financial Reporting Standards’ (IFRS) provisions? Marco Mongiello (Imperial College Business School) explains the informational value of an annual report under the IFRS. Topics as the balance sheet, income statement, cash flow statement and statement of changes in equity are explained.

Table of Content:

1. Introduction
2. The annual reports under the International Financial Reporting Standards (IFRS)
3. Balance sheet: its contents and informational aims
   1. Assets: definition, classification, valuation
   2. Liabilities: definition, classification, valuation
   3. Equity: value, meaning, components
   4. Overall informational value of the balance sheet
4. Income statement: various levels of profit and informational aims
   1. Gross profit
   2. Operating profit and profit before interest and tax
   3. Profit after tax and retained profit
5. Cash flow statement: its contents and informational aims
6. Statement of changes in equity: its contents and informational aims
7. Analysis and interpretation of the annual report
   1. The narrative component of the annual report
   2. Ratio analysis
   3. A holistic and dynamic approach to analysis and interpretation
8. Appendix A
9. Appendix B
10. Appendix C
11. References and bibliography
12. Endnotes