This guide to interpreting financial statements is written from the point of view of financial statement users. It will enable you to make better business and personal investment decisions by understanding how accounting choices affect financial data and how you can adjust reported data to enhance decision making. The book includes comparisons of US with foreign and international accounting standards implications of academic research for financial analysis and decision making.
Accounting Standards (US and International) have been updated to reflect the latest pronouncements. An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples.
Table of Contents
1. Framework for Financial Statement Analysis. 2. Analysis of Balance Sheet and Income Statement. 3. Cash Flow Analysis. 4. Foundations of Ratio and Financial Analysis. 5. Empirical Research: Implications for Financial Statement Analysis. 6. Analysis of Inventories. 7. Capitalization of Long-lived Assets. 8. Depreciation and Impairment of Long-lived Assets. 9. Analysis of Income Taxes. 10. Financing Liabilities. 11. Off Balance Sheet Liabilities. 12. Pensions and Postemployment Benefits. 13. Analysis of Intercorporate Investments. 14. Business Combinations. 15. Analysis of Multinational Operations. 16. Hedging and Risk Analysis. 17. Equity Analysis. 18. Fixed Income Analysis. 19. Valuation and Forecasting.