Financial Literacy Package

Financial Literacy Package

By Andrew McRobert, Ronnie Hoffman

Book

$72.00* $180.00* RRP Save: $108.00 (60%)

Date: 01/08/2011

Code: 9780864607478

Thomson Reuters, AUSTRALIA

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Available Formats

Format Title Date Code Price
Book Financial Literacy Package 01/08/2011 9780864607478 $72.00

Description

The Federal Court’s decision in the Centro case highlighted the need for company directors to have a level of financial literacy when signing off on company financial accounts. It is this very issue that Financial Literacy for Lawyers, Directors and Investors” seeks to address.
 
 
The book is available in a package with the booklet dealing specifically with the Centro case and the lessons to be learned from it, Financial Literacy: Lessons from Centro.
 
More details below:
 
 
 
The book deals with how Financial Statements are put together, the key Financial Statements (what they reveal and can’t reveal), the balance sheet, profit and loss account, analysis of cash flow and key accounting concepts. It also covers the difficult area of “cosmetic accounting” with descriptions of many common approaches taken to present company results in the best possible light and suggestions of where and how to search for the “unknown unknowns.”
 
The book is essential for all directors, particularly those without an accounting background. The authors are Andrew McRobert, who has been teaching and writing on financial statements for more than 30 years, and Ronnie Hoffman, a journalist experienced in the areas of finance, business and management. Published in September 2010, the book deals with the Australian standards and requirements.
 
Lawyers and Directors will not usually prepare their company's financial statement, but they do need to understand them. Investors also need to be able to understand financial statements in order to be able to invest wisely. Financial Literacy for Lawyers, Directors and Investors will give them this knowledge. 
 
 
 
This booklet highlights the lessons to be learned from the Federal Court decision in the Centro case so that in future company directors can avoid potential pitfalls when called on to approve company financial statements. The decision, handed down at the end of June 2011, reinforces the strong imperative for company directors to be financially literate to ensure that they can properly read and understand the company’s financial statements and to apply the knowledge they had or should have acquired to perform that task.

The lessons from Centro, couched in terms accessible to company directors and non-accountants, are explained in this key booklet.
* This is a non-subscription package bundle consisting of two books: Financial Literacy for Lawyers, Directors and Investors, and Financial Literacy: Lessons from Centro. Price is inclusive of GST.

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