Deborah Taylor – författare

Revised and updated.The influence of International Financial Reporting Standards (IFRS) on accounting across the world is stronger than ever. Most importantly, this stems from the mandatory adoption of IFRSs in many parts of the world, including Europe, Canada, Australia, Brazil and, with some relatively small exceptions, China. Additionally, foreign registrants in the US are also permitted to use IFRS by the SEC. The impact of IFRSs also extends to accounting developments as the IASB and the FASB work closely together to formulate new standards such as those recently issued on leasing and revenue recognition. It is clear that investors, analysts and valuers need to understand financial statements produced under IFRS to feed in to their valuations and broader investment decisions.Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non-cash items contain useful information about future cash flows – so profits matter.The book addresses the implications for analysis, modelling and valuation of key aspects of IFRS, all updated for recent developments, including:- Pensions- Stock options- Derivatives- Provisions- Leases- Revenue recognition- Foreign currencyThe text also sets out the key differences between IFRS and US GAAP treatments of these issues, in addition to their implications for analysis.A detailed case study is used to provide a step-by-step valuation of an industrial company using both free cash flow and economic profit methodologies. The authors then address a range of common valuation problems, including cyclical or immature companies, as well as the specialist accounting and modelling knowledge required for regulated utilities, resource extraction companies, banks, insurance companies, real estate companies and technology companies. Accounting for mergers and disposals is first explained and then illustrated with a detailed potential acquisition.

Revised and updated.The influence of International Financial Reporting Standards (IFRS) on accounting across the world is stronger than ever. Most importantly, this stems from the mandatory adoption of IFRSs in many parts of the world, including Europe, Canada, Australia, Brazil and, with some relatively small exceptions, China. Additionally, foreign registrants in the US are also permitted to use IFRS by the SEC. The impact of IFRSs also extends to accounting developments as the IASB and the FASB work closely together to formulate new standards such as those recently issued on leasing and revenue recognition. It is clear that investors, analysts and valuers need to understand financial statements produced under IFRS to feed in to their valuations and broader investment decisions.Written by practitioners for practitioners, the book addresses valuation from the viewpoint of the analyst, the investor and the corporate acquirer. It starts with valuation theory: what is to be discounted and at what discount rate? It explains the connection between standard methodologies based on free cash flow and on return on capital. And it emphasizes that, whichever method is used, accurate interpretation of accounting information is critical to the production of sensible valuations. The authors argue that forecasts of cash flows imply views on profits and balance sheets, and that non-cash items contain useful information about future cash flows - so profits matter.The book addresses the implications for analysis, modelling and valuation of key aspects of IFRS, all updated for recent developments, including:- Pensions- Stock options- Derivatives- Provisions- Leases- Revenue recognition- Foreign currencyThe text also sets out the key differences between IFRS and US GAAP treatments of these issues, in addition to their implications for analysis.A detailed case study is used to provide a step-by-step valuation of an industrial company using both free cash flow and economic profit methodologies. The authors then address a range of common valuation problems, including cyclical or immature companies, as well as the specialist accounting and modelling knowledge required for regulated utilities, resource extraction companies, banks, insurance companies, real estate companies and technology companies. Accounting for mergers and disposals is first explained and then illustrated with a detailed potential acquisition.

Are you struggling in a difficult marriage and trying to decide what steps to take next? Be honest with yourself about your situation and choose to either repair or leave the marriage-and ensure that God is involved in your decision-making process.Written with the hope of helping others, Should You Stay or Should You Go shares the inspirational personal story of Kirk and Deborah Taylor, who know that God has blessed their marriage together as they walk in His guidance of what He has designed marriage to be. They talk about their childhood experiences and how these experiences shaped them to be who they are as adults. Both were in difficult long-term marriages. They describe their struggles with being Christians and thinking God s displeasure would certainly be upon them if they divorced. They stayed in their marriages and tried to repair their relationships. But eventually both decided to divorce after realizing their marriages weren t refining them but damaging them.This personal narrative and faith-inspired guide tells the story of two people who dealt with long-term marriages that ended in divorce and who later found each other with God s help, and now have a fulfilling and loving second marriage.