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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 as well as implications of academic research for financial analysis and decision making. You'll also find discussion and analysis of such timely issues as market value accounting and off-balance-sheet financing techniques. This updated edition emphasizes coverage of international financial reporting.
List of contents
Partial table of contents:
Framework for Financial Statement Analysis.
Analysis of Cash Flows.
Foundations of Ratio and Financial Analysis.
Analysis of Inventories.
Analysis of Income Taxes.
Analysis of Financing Liabilities.
Pensions and Other Employee Benefits.
Analysis of Business Combinations.
Derivatives and Hedging Activities.
Analysis of Financial Statements: A Synthesis.
Valuation and Forecasting.
Appendices.
Present Value Tables.
Bibliography.
Index.
