Borland Software Corporation-goodwill and other intangible assets

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Chapter 02 - Financial Reporting and Analysis Chapter 2 Financial Reporting and Analysis REVIEW Financial statements are the most visible products of a company‘s financial reporting process. The financial reporting process is governed by accounting rules and standards, managerial incentives, and enforcement and monitoring mechanisms. It is important for a user of financial information to understand the financial reporting environment along with the accounting information presented in financial statements. In this chapter, the concepts underlying financial reporting are discussed with special emphasis on accounting rules. Next the purpose of financial reporting is discussed – its objectives and how these objectives determine…show more content…
 Audit Process 2-3 Chapter 02 - Financial Reporting and Analysis   Generally Accepted Auditing Standards Auditing Procedures Audit Report Types of Audit Qualifications ―Except for‖ Qualification Adverse Opinion Disclaimer of Opinion Analysis Implications from Auditing Analysis Implications of the Audit Process Audit Risk and Its Implications Analysis Implications of Auditing Standards Analysis Implications of Auditor Opinions Analysis Implications of Explanatory Language for Uncertainties Analysis Implications of the SEC Appendix 2B: Earnings Quality  Determinants of Earnings Quality Accounting Principles  Income Statement Analysis of Earnings Quality Analysis of Maintenance and Repairs Analysis of Advertising Analysis of Research and Development Analysis of Other Discretionary Costs  Balance Sheet Analysis of Earnings Quality Conservatism in Reported Assets Conservatism in Reported Provisions and Liabilities Risks in Reported Assets  External Factors and Earnings Quality 2-4 Chapter 02 - Financial Reporting and Analysis ANALYSIS OBJECTIVES  Explain the financial reporting and analysis environment  Identify what constitutes generally accepted accounting principles (GAAP)  Describe the objectives of financial accounting, and identify primary and secondary qualities of accounting information  Define principles and conventions that determine accounting rules  Describe the relevance of accounting

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