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International Financial Statement Analysis
book

International Financial Statement Analysis

by CFA Thomas R. Robinson, CFA Hennie van Greuning, CFA Elaine Henry, CFA Michael A. Broihahn
November 2008
Intermediate to advanced content levelIntermediate to advanced
859 pages
25h 22m
English
Wiley
Content preview from International Financial Statement Analysis
CHAPTER 9
FINANCIAL STATEMENT ANALYSIS: APPLICATIONS
Thomas R. Robinson, CFA CFA Institute Charlottesville, Virginia
 
Hennie van Greuning, CFA World Bank Washington, DC
 
Elaine Henry, CFA University of Miami Miami, Florida
 
Michael A. Broihahn, CFA Barry University Miami, Florida

LEARNING OUTCOMES

After completing this chapter, you will be able to do the following:
• Evaluate a company’s past financial performance and explain how a company’s strategy is reflected in past financial performance.
• Prepare a basic projection of a company’s future net income and cash flow.
• Describe the role of financial statement analysis in assessing the credit quality of a potential debt investment.
• Discuss the use of financial statement analysis in screening for potential equity investments.
• Determine and justify appropriate analyst adjustments to a company’s financial statements to facilitate comparison with another company.

1. INTRODUCTION

This chapter presents several important applications of financial statement analysis. Among the issues we will address are the following:
• What are the key questions to address in evaluating a company’s past financial performance?
• How can an analyst approach forecasting a company’s future net income and cash flow?
• How can financial statement analysis be used to evaluate the credit quality of a potential fixed-income investment?
• How can financial statement analysis be used to screen for potential equity investments?
• How can differences in accounting ...
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Publisher Resources

ISBN: 9780470460122Purchase book