November 2008
Intermediate to advanced
859 pages
25h 22m
English
book
International Financial Statement Analysis
by CFA Thomas R. Robinson, CFA Hennie van Greuning, CFA Elaine Henry, CFA Michael A. Broihahn
Content preview from International Financial Statement Analysis
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CHAPTER 13
LONG-TERM LIABILITIES AND LEASES
Elizabeth A. Gordon Temple University Philadelphia, Pennsylvania
Elaine Henry, CFA University of Miami Coral Gables, Florida
LEARNING OUTCOMES
After completing this chapter, you will be able to do the following:
• Compute the effects of debt issuance and amortization of bond discounts and premiums on financial statements and ratios.
• Explain the role of debt covenants in protecting creditors by restricting a company’s ability to invest, pay dividends, or make other operating and strategic decisions.
• Describe the presentation of, and disclosures relating to, financing liabilities.
• Determine the effects of changing interest rates on the market value of debt and on financial statements and ratios.
• Describe two types of debt with equity features (convertible debt and debt with warrants) and calculate the effect of issuance of such instruments on a company’s debt ratios.
• Discuss the motivations for leasing assets instead of purchasing them and the incentives for reporting the leases as operating leases rather than finance leases.
• Determine the effects of finance and operating leases on the financial statements and ratios of the lessees and lessors.
• Distinguish between a sales-type lease and a direct financing lease, and determine the effects on the financial statements and ratios of the lessors.
• Describe the types and economic consequences of off-balance-sheet financing, and determine how take-or-pay contracts, throughput arrangements, ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.