Chapter 9
Scouring the Notes to the Financial Statements
IN THIS CHAPTER
Describing the notes and their importance
Understanding the fine print of accounting methods
Finding out about financial commitments
Getting acquainted with mergers and acquisitions
Reading notes about pensions and retirement
Detailing segmented businesses and significant events
Keeping an eye out for red flags
Would you ever sign an important contract without reading the fine print first? I didn't think so. Remember this philosophy when you read financial statements, because the corporate world certainly doesn't escape the cliché about sweeping ashes under the rug. Hiding problems in the notes to the financial statements is a common practice for companies in trouble.
In this chapter, I explain the role of the ...
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