Book description
Written with both the established and aspiring financial professional in mind, this book will help you understand the mechanics of the accounting process, which is the foundation for financial reporting; comprehend the differences and similarities in income statements, balance sheets, and cash flow statements around the globe; and assess the implications for securities valuation of any financial statement element or transaction. Along the way, you'll also discover how different financial analysis techniques—such as ratio analysis and common-size financial statements—can provide valuable clues into a company's operations and risk characteristics.
Table of contents
- Title Page
- Copyright Page
- Foreword
- PREFACE
- Acknowledgments
- Introduction
- CHAPTER 1 - FINANCIAL STATEMENT ANALYSIS: AN INTRODUCTION
-
CHAPTER 2 - FINANCIAL REPORTING MECHANICS
- LEARNING OUTCOMES
- 1. INTRODUCTION
- 2. THE CLASSIFICATION OF BUSINESS ACTIVITIES
- 3. ACCOUNTS AND FINANCIAL STATEMENTS
- 4. THE ACCOUNTING PROCESS
- 5. ACCRUALS AND VALUATION ADJUSTMENTS
- 6. ACCOUNTING SYSTEMS
- 7. USING FINANCIAL STATEMENTS IN SECURITY ANALYSIS
- 8. SUMMARY
- PRACTICE PROBLEMS
- APPENDIX 2A: A DEBIT/CREDIT ACCOUNTING SYSTEM
-
CHAPTER 3 - FINANCIAL REPORTING STANDARDS
- LEARNING OUTCOMES
- 1. INTRODUCTION
- 2. THE OBJECTIVE OF FINANCIAL REPORTING
- 3. FINANCIAL REPORTING STANDARD-SETTING BODIES AND REGULATORY AUTHORITIES
- 4. CONVERGENCE OF GLOBAL FINANCIAL REPORTING STANDARDS
- 5. THE INTERNATIONAL FINANCIAL REPORTING STANDARDS FRAMEWORK
- 6. COMPARISON OF IFRS WITH ALTERNATIVE REPORTING SYSTEMS
- 7. EFFECTIVE FINANCIAL REPORTING
- 8. MONITORING DEVELOPMENTS IN FINANCIAL REPORTING STANDARDS
- 9. SUMMARY
- PRACTICE PROBLEMS
- CHAPTER 4 - UNDERSTANDING THE INCOME STATEMENT
- CHAPTER 5 - UNDERSTANDING THE BALANCE SHEET
- CHAPTER 6 - UNDERSTANDING THE CASH FLOW STATEMENT
- CHAPTER 7 - FINANCIAL ANALYSIS TECHNIQUES
- CHAPTER 8 - INTERNATIONAL STANDARDS CONVERGENCE
-
CHAPTER 9 - FINANCIAL STATEMENT ANALYSIS: APPLICATIONS
- LEARNING OUTCOMES
- 1. INTRODUCTION
- 2. APPLICATION: EVALUATING PAST FINANCIAL PERFORMANCE
- 3. APPLICATION: PROJECTING FUTURE FINANCIAL PERFORMANCE
- 4. APPLICATION: ASSESSING CREDIT RISK
- 5. APPLICATION: SCREENING FOR POTENTIAL EQUITY INVESTMENTS
- 6. ANALYST ADJUSTMENTS TO REPORTED FINANCIALS
- 7. SUMMARY
- PRACTICE PROBLEMS
- CHAPTER 10 - INVENTORIES
-
CHAPTER 11 - LONG-LIVED ASSETS
- LEARNING OUTCOMES
- 1. INTRODUCTION
- 2. ACCOUNTING FOR THE ACQUISITION OF LONG-LIVED TANGIBLE ASSETS
- 3. ACCOUNTING FOR THE ACQUISITION OF LONG-LIVED INTANGIBLE ASSETS
- 4. DEPRECIATING LONG-LIVED TANGIBLE ASSETS
- 5. AMORTIZING INTANGIBLE ASSETS WITH FINITE USEFUL LIVES
- 6. ASSET RETIREMENT OBLIGATIONS
- 7. DISPOSAL OF LONG-LIVED OPERATING ASSETS
- 8. IMPAIRMENT OF LONG-LIVED ASSETS
- 9. REVALUATION OF LONG-LIVED ASSETS
- 10. SUMMARY
- PRACTICE PROBLEMS
-
CHAPTER 12 - INCOME TAXES
- LEARNING OUTCOMES
- 1. INTRODUCTION
- 2. DIFFERENCES BETWEEN ACCOUNTING PROFIT AND TAXABLE INCOME
- 3. DETERMINING THE TAX BASE OF ASSETS AND LIABILITIES
- 4. TEMPORARY AND PERMANENT DIFFERENCES BETWEEN TAXABLE AND ACCOUNTING PROFIT
- 5. UNUSED TAX LOSSES AND TAX CREDITS
- 6. RECOGNITION AND MEASUREMENT OF CURRENT AND DEFERRED TAX
- 7. PRESENTATION AND DISCLOSURE
- 8. COMPARISION OF IFRS AND U.S. GAAP
- 9. SUMMARY
- PRACTICE PROBLEMS
- CHAPTER 13 - LONG-TERM LIABILITIES AND LEASES
- CHAPTER 14 - EMPLOYEE COMPENSATION: POSTRETIREMENT AND SHARE-BASED
- CHAPTER 15 - INTERCORPORATE INVESTMENTS
- CHAPTER 16 - MULTINATIONAL OPERATIONS
-
CHAPTER 17 - EVALUATING FINANCIAL REPORTING QUALITY
- LEARNING OUTCOMES
- 1. INTRODUCTION
- 2. DISCRETION IN ACCOUNTING SYSTEMS
- 3. FINANCIAL REPORTING QUALITY: DEFINITIONS, ISSUES, AND AGGREGATE MEASURES
- 4. A FRAMEWORK FOR IDENTIFYING LOW-QUALITY FINANCIAL REPORTING
- 5. THE IMPLICATIONS OF FAIR VALUE REPORTING FOR FINANCIAL REPORTING QUALITY: A BRIEF DISCUSSION
- 6. SUMMARY
- PRACTICE PROBLEMS
- GLOSSARY
- REFERENCES
- ABOUT THE AUTHORS
- ABOUT THE CFA PROGRAM
- INDEX
Product information
- Title: International Financial Statement Analysis
- Author(s):
- Release date: November 2008
- Publisher(s): Wiley
- ISBN: 9780470287668
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