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Guide to Financial Reporting and Analysis
Navigate A Sea of Financial Complexity
Due to the intricacies of contemporary business transactions, the numerous standards issued by the Financial Accounting Standards Board (FASB), and the vast variety of accounting and disclosure practices with their ever-changing terminology employed by reporting companies, financial statements and related disclosures have become very complex. This complexity can impede the work performed and the decisions reached by all users of financial statements-especially equity and credit analysts. Guide to Financial Reporting and Analysis is designed to remedy this situation by offering practical, user-friendly guidance. Through the use of contemporary financial statement examples, extant generally accepted accounting principles are explained and their application is demonstrated. Here are indispensable resources, including:
* Comprehensive, point-by-point summaries and glossaries provided with each chapter
* Hundreds of examples of contemporary financial disclosures taken from actual, highly recognizable companies
* Thorough information on how reporting and disclosure rules impact reporting practices-and the implications these practices have for analysis
* Goes beyond anecdotes and integrates throughout relevant findings from the financial reporting and analysis research literature
. . . and much more, to help working professionals gain clarity and begin making better-informed decisions today by taking advantage of the rich treatment offered in this timely, much-needed guide.
Due to the intricacies of contemporary business transactions, the numerous standards issued by the Financial Accounting Standards Board (FASB), and the vast variety of accounting and disclosure practices with their ever-changing terminology employed by reporting companies, financial statements and related disclosures have become very complex. This complexity can impede the work performed and the decisions reached by all users of financial statements-especially equity and credit analysts. Guide to Financial Reporting and Analysis is designed to remedy this situation by offering practical, user-friendly guidance. Through the use of contemporary financial statement examples, extant generally accepted accounting principles are explained and their application is demonstrated. Here are indispensable resources, including:
* Comprehensive, point-by-point summaries and glossaries provided with each chapter
* Hundreds of examples of contemporary financial disclosures taken from actual, highly recognizable companies
* Thorough information on how reporting and disclosure rules impact reporting practices-and the implications these practices have for analysis
* Goes beyond anecdotes and integrates throughout relevant findings from the financial reporting and analysis research literature
. . . and much more, to help working professionals gain clarity and begin making better-informed decisions today by taking advantage of the rich treatment offered in this timely, much-needed guide.
- GenresFinance
640 pages, Hardcover
First published July 15, 2000
51 people want to read
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June 9, 2024
Table of Contents:
1. Assessing Financial Quality: An Organizing Theme
2. Analyzing Business Earnings I: The Income Statement
3. Analyzing Business Earnings II: Calculating Sustainable Earnings Base
4. Topics in Revenue Recognition and Matching
5. Income Tax Reporting and Analysis
6. Financial Derivatives
7. Foreign Exchange Reporting and Analysis
8. Investment Reporting and Analysis I: Debt and Equity Securities
9. Investment Reporting and Analysis II: Business Combinations
10. Lease Reporting and Analysis*
11. Reporting and Analysis of Pensions and Other Postretirement Benefits
12. Adjusted Balance Sheet Analysis
13. Identifying Sustainable Sources of Cash Flow**
*Since the publication of this book, ASC 840 has been replaced by ASC 842 (IAS 7 with IFRS 16). Capital Lease treatment hasn't much changed, but now Operating Leases (n/a under IFRS) are pulled onto the Balance Sheet too. FASB should have followed the IFRS model of one lease type.
**For a more comprehensive treatment of the Statement of Cash Flows, see their (Comiskey and Mulford) other book: "Creative Cash Flow Reporting"
This isn't just a book for post-grads, it's for professional credit and equity analysts.
Navigate A Sea of Financial Complexity:
Due to the intricacies of contemporary business transactions, the numerous standards issued by the Financial Accounting Standards Board (FASB), and the vast variety of accounting and disclosure practices with their ever-changing terminology employed by reporting companies, financial statements and related disclosures have become very complex. This complexity can impede the work performed and the decisions reached by all users of financial statements-especially equity and credit analysts. Guide to Financial Reporting and Analysis is designed to remedy this situation by offering practical, user-friendly guidance. Through the use of contemporary financial statement examples, extant generally accepted accounting principles are explained and their application is demonstrated. Here are indispensable resources, including:
* Comprehensive, point-by-point summaries and glossaries provided with each chapter
* Hundreds of examples of contemporary financial disclosures taken from actual, highly recognizable companies
* Thorough information on how reporting and disclosure rules impact reporting practices-and the implications these practices have for analysis
* Goes beyond anecdotes and integrates throughout relevant findings from the financial reporting and analysis research literature
. . . and much more, to help working professionals gain clarity and begin making better-informed decisions today by taking advantage of the rich treatment offered in this timely, much-needed guide.
1. Assessing Financial Quality: An Organizing Theme
2. Analyzing Business Earnings I: The Income Statement
3. Analyzing Business Earnings II: Calculating Sustainable Earnings Base
4. Topics in Revenue Recognition and Matching
5. Income Tax Reporting and Analysis
6. Financial Derivatives
7. Foreign Exchange Reporting and Analysis
8. Investment Reporting and Analysis I: Debt and Equity Securities
9. Investment Reporting and Analysis II: Business Combinations
10. Lease Reporting and Analysis*
11. Reporting and Analysis of Pensions and Other Postretirement Benefits
12. Adjusted Balance Sheet Analysis
13. Identifying Sustainable Sources of Cash Flow**
*Since the publication of this book, ASC 840 has been replaced by ASC 842 (IAS 7 with IFRS 16). Capital Lease treatment hasn't much changed, but now Operating Leases (n/a under IFRS) are pulled onto the Balance Sheet too. FASB should have followed the IFRS model of one lease type.
**For a more comprehensive treatment of the Statement of Cash Flows, see their (Comiskey and Mulford) other book: "Creative Cash Flow Reporting"
This isn't just a book for post-grads, it's for professional credit and equity analysts.
Navigate A Sea of Financial Complexity:
Due to the intricacies of contemporary business transactions, the numerous standards issued by the Financial Accounting Standards Board (FASB), and the vast variety of accounting and disclosure practices with their ever-changing terminology employed by reporting companies, financial statements and related disclosures have become very complex. This complexity can impede the work performed and the decisions reached by all users of financial statements-especially equity and credit analysts. Guide to Financial Reporting and Analysis is designed to remedy this situation by offering practical, user-friendly guidance. Through the use of contemporary financial statement examples, extant generally accepted accounting principles are explained and their application is demonstrated. Here are indispensable resources, including:
* Comprehensive, point-by-point summaries and glossaries provided with each chapter
* Hundreds of examples of contemporary financial disclosures taken from actual, highly recognizable companies
* Thorough information on how reporting and disclosure rules impact reporting practices-and the implications these practices have for analysis
* Goes beyond anecdotes and integrates throughout relevant findings from the financial reporting and analysis research literature
. . . and much more, to help working professionals gain clarity and begin making better-informed decisions today by taking advantage of the rich treatment offered in this timely, much-needed guide.
Displaying 1 of 1 review