International Financial Statement Analysis, 3rd Edition

CONTENTS

Foreword

Preface

Acknowledgments

About the CFA Investment Series

CHAPTER 1 Financial Statement Analysis: An Introduction

Learning Outcomes

1. Introduction

2. Scope of Financial Statement Analysis

3. Major Financial Statements and Other Information Sources

3.1. Financial Statements and Supplementary Information

3.2. Other Sources of Information

4. Financial Statement Analysis Framework

4.1. Articulate the Purpose and Context of Analysis

4.2. Collect Data

4.3. Process Data

4.4. Analyze/Interpret the Processed Data

4.5. Develop and Communicate Conclusions/Recommendations

4.6. Follow-Up

5. Summary

References

Problems

CHAPTER 2 Financial Reporting Mechanics

Learning Outcomes

1. Introduction

2. The Classification of Business Activities

3. Accounts and Financial Statements

3.1. Financial Statement Elements and Accounts

3.2. Accounting Equations

4. The Accounting Process

4.1. An Illustration

4.2. The Accounting Records

4.3. Financial Statements

5. Accruals and Valuation Adjustments

5.1. Accruals

5.2. Valuation Adjustments

6. Accounting Systems

6.1. Flow of Information in an Accounting System

6.2. Debits and Credits

7. Using Financial Statements in Security Analysis

7.1. The Use of Judgment in Accounts and Entries

7.2. Misrepresentations

8. Summary

Appendix 2: A Debit/Credit Accounting System

Problems

CHAPTER 3 Financial Reporting Standards

Learning Outcomes

1. Introduction

2. The Objective of Financial Reporting

3. Standard-Setting Bodies and Regulatory Authorities

3.1. Accounting ...