Solution manual for Financial Reporting and Analysis 8th Edition By Lawrence Revsine

Test Bank For User manual for Financial Reporting and Analysis 8th Edition By Lawrence Revsine

• ISBN-10 ‏ : ‎ 1260247848
• ISBN-13 ‏ : ‎ 978-1260247848

The 8th edition of Financial Reporting & Analysis by Revsine is entirely refreshed for recent FASB/GAAP standards in Leases and Revenue Recognition, along with complying with the Tax Cuts and Jobs Act (TCJA). Adjustments are also integrated into Connect, the prime digital teaching and learning platform that enables instructors to designate and evaluate course material.

Financial Reporting & Analysis (FR&A) by Revsine/Collins/Johnson/Mittelstaedt/Soffer underscores both the procedure of financial reporting and the scrutiny of financial statements. This publication deploys an authentic “user” outlook by exploring the contractual and decision effects of accounting, aiding readers in comprehending why accounting selections are so crucial and for whom they hold significance. Revsine, Collins, Johnson, Mittelstaedt, and Soffer equip their readers to be adept financial investigators, empowering them to interpret, handle, and assess the statements. Significantly, FR&A aids students in developing critical-thinking skills and comprehending how and why managers can utilize the adaptability in GAAP to modify the figures for their personal objectives.

Author Overview

Henry B. Tippie Research Chair in Accounting, Tippie College of Business, The University of
Iowa; BBA 1968, Ph.D. 1973, The University of Iowa

Professor Collins was the laureate of the University of Iowa Board of Regents Award for Faculty Excellence in 2000 and the American Accounting Association (AAA) Outstanding Educator Award in 2001. In 2016, Professor Collins obtained the Distinguished PhD Mentoring Award from the Financial Accounting and Reporting segment of the AAA. His research concentrates on the function of accounting numerals in equity assessment, earnings administration, and the association between corporations’ corporate governance methods and expenditure of equity and debt funding. A frequent contributor to the top academic accounting publications, he has been acknowledged as one of the top 10 most highly cited authors in the accounting literature over the past two decades.

Professor Collins has served on the analysis review boards of the Journal of Accounting Research and the Journal of Accounting and Economics. He has also served as assistant editor of The Accounting Review and as overseer of publications for the AAA. Professor Collins has served on several AAA boards, including the Financial Accounting Standards Board, and has chaired the Publications Committee, the National Program Committee, and the Doctoral Consortium Committee. He also served on the Financial Accounting Standards Advisory Council.

A member of the American Accounting Association, Professor Collins frequently appears at research colloquia, conferences, and doctoral consortia in the United States, Australia, and Europe. He has also earned exceptional teaching accolades at both Michigan State University and The University of Iowa.

At the time of his untimely death in 2007, Lawrence Revsine was the John and Norma Darling Distinguished Professor of Financial Accounting at the Kellogg Graduate School of Management, Northwestern University. An alumnus of Northwestern University, he joined its accounting faculty in 1971. Larry was a leading specialist on various financial reporting matters and published in excess of 50 articles in prominent academic journals. He was a consultant to the American Institute of Certified Public Accountants, the Securities and Exchange Commission, and the Financial Accounting Standards Board, and was on the Financial Accounting Standards Advisory Council. He was also a consultant to the industry on external reporting matters and regulatory litigations and taught substantially in management training and ongoing educational programs in the United States and overseas. Larry excelled in bringing accounting to life in the classroom. He possessed a remarkable talent for instigating a sense of suspense and enthusiasm about apparently monotonous accounting subjects. Each lesson carried a distinct message that Larry delivered with immense vigor and enthusiasm. Additionally, each session was sprinkled with anecdotes presented with a touch of humor that only Larry could master. It was his profound comprehension of the subject matter and his dynamic delivery that endeared him to countless Kellogg scholars throughout the years. Among his multiple accolades for teaching brilliance are the American Accounting Association’s Outstanding Educator Award; the Illinois CPA Society’s Outstanding Educator Award; the Sidney J. Levy Teaching Award, granted by the Kellogg Dean’s Office; and the 1995 Reunion Class Alumni Choice Faculty Award, bestowed on the Kellogg faculty member who significantly impacted the professional and personal lives of Kellogg alumni. Larry was fervent about transforming financial accounting instruction, and he was the prime mover behind this book. Listen attentively as you read this book, and you’ll discern his echo resonate from every page.

Sidney G. Winter Professor of Accounting, Tippie College of Business, The University of Iowa; BS 1970, University of Oregon, MS 1973, Ph.D. 1975, The Ohio State University

W. Bruce Johnson commenced his stint at the University of Iowa faculty in 1988 and has undertaken roles such as director of its McGladrey Institute for Accounting Education and Research, accounting group chairman, and associate dean for graduate programs. In the latter capacity, he oversaw Iowa’s MBA and Executive MBA programs. Professor Johnson previously held faculty positions at the University of Wisconsin, Northwestern University, the University of Chicago, and the China European International Business School (CEIBS).

His teaching and research pursuits cover corporate financial reporting, financial analysis, value-driven management systems and investment strategies, executive remuneration practices, and forensic accounting. He was awarded the Gilbert P. Maynard Award for Excellence in Accounting Instruction and the Chester A. Phillips Outstanding Professor Award.

A highly esteemed author, Professor Johnson’s articles have graced numerous scholarly periodicals and academic/professional journals. He has sat on the editorial boards of several academic journals and has worked as a litigation advisor on financial reporting matters. He previously held membership on the Financial Reporting Executive Committee (FinREC) of the American Institute of Certified Public Accountants and served as president of the Financial Reporting and Accounting Section (FARS) of the American Accounting Association (AAA). He has also been a research advisor to the Financial Accounting Standards Board and has participated in the Research Advisory, Professional Practice Quality, and Outstanding Educator committees of the AAA. He is affiliated with the AAA and Financial Executives International. He was previously the senior vice president for Equity Strategy at SCI Capital Management, an asset management firm.

Deloitte Foundation Professor of Accountancy, Mendoza College of Business, University of Notre Dame; BS 1979, MS 1982, Illinois State University, Ph.D. 1987, University of Illinois at Urbana

Fred Mittelstaedt made his entry into the University of Notre Dame faculty in 1992. He has served as the chair of the Department of Accountancy since 2007. Before coming to Notre Dame, he was on the faculty at Arizona State University.

Professor Mittelstaedt has educated financial reporting courses to undergraduates, masters in accountancy scholars, MBAs, and Executive MBAs. During his tenure at Notre Dame, he has been distinguished with the Kaneb Undergraduate Teaching Award and the Arnie Ludwig Executive MBA Outstanding Teacher Award.

His research delves into financial reporting and retirement benefits issues and has been published in the Journal of Accounting and Economics, The Accounting Review, Review of Accounting Studies, the Journal of Pension Economics and Finance, and numerous other accounting and finance journals. He evaluates manuscripts for various academic journals and has been a part of the Editorial Advisory and Review Board for The Accounting Review. Moreover, he has testified on retiree healthcare benefit queries before the U.S. House of Representatives Committee on Education and the Workforce.

Professor Mittelstaedt has previously held the presidency of the Federation of Schools of Accountancy (FSA) and was honored with the FSA 2016 Joseph A. Silvoso Award for his contributions to accounting pedagogy. He is affiliated with the American Accounting Association and the American Institute of Certified Public Accountants. Before stepping into academia, he served as an auditor at Price Waterhouse & Co. and earned an Elijah Watt Sells Award for outstanding performance on the Uniform CPA Examination.

Clinical Professor of Accounting, Booth School of Business, The University of Chicago; BS 1977, University of Illinois at Urbana, MBA 1981, Kellogg School of Management, Northwestern University, Ph.D. 1991, University of California at Berkeley.

Leonard Soffer rejoined the faculty of the University of Chicago in 2007. Prior to this, he was an Associate Professor of Accounting and Associate Dean of the Honors College at the University of Illinois at Chicago, where he was honored with the designation of Accounting Professor of the Year. He has also taught at Northwestern University’s Kellogg School of Management.

Professor Soffer has lectured on financial reporting, managerial accounting, and corporate valuation topics to both MBAs and Executive MBAs. He formerly taught the consolidations and foreign currency translation segments of a renowned CPA review course. Furthermore, he conducts a financial reporting course for executive education enrollees.

Professor Soffer’s research is centered on the utilization of accounting information and analyst reports, especially concerning corporate valuation. His research has been published in The Journal of Accounting Research, The Review of Accounting Studies, Contemporary Accounting Research, Accounting Horizons, Managerial Finance, and The Review of Accounting and Finance. He is a co-author of the book Financial Statement Analysis: A Valuation Approach.

Professor Soffer is an associate of the American Accounting Association, The American Institute of Certified Public Accountants, and the Illinois CPA Society. He spent 12 years on the Accounting Principles Committee of the Illinois CPA Society and spearheaded or co-chaired the committee for three years. Before venturing into academia, Professor Soffer occupied roles in accounting and financial sectors, most recently in the Mergers and Acquisitions unit of USG Corporation. He was the recipient of the prestigious Elijah Watt Sells Award for his high performance on the Uniform CPA Examination.