Financial Statement Analysis A Practitioner's Guide

ISBN-10: 0470635606
ISBN-13: 9780470635605
Edition: 4th 2011
List price: $57.50 Buy it from $35.96 Rent it from $21.62
eBook available
This item qualifies for FREE shipping

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy

Used Starting from $35.96
New Starting from $37.60
Rent Starting from $21.62
eBooks Starting from $64.00
Buy
what's this?
Rush Rewards U
Members Receive:
coins
coins
You have reached 400 XP and carrot coins. That is the daily max!
You could win $10,000

Get an entry for every item you buy, rent, or sell.

Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Add to cart
Study Briefs
Periodic Table Online content $4.95 $1.99
Add to cart
Study Briefs
Writing a Scientific Report Online content $4.95 $1.99

Customers also bought

Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading
Loading

Book details

List price: $57.50
Edition: 4th
Copyright year: 2011
Publisher: John Wiley & Sons, Limited
Publication date: 7/1/2011
Binding: Hardcover
Pages: 400
Size: 6.25" wide x 9.25" long x 1.25" tall
Weight: 1.342
Language: English

Preface to Fourth Edition
Acknowledgments
Reading between the Lines
The Adversarial Nature of Financial Reporting
The Purpose of Financial Reporting
The Flaws in the Reasoning
Small Profits and Big Baths
Maximizing Growth Expectations
Downplaying Contingencies
The Importance of Being Skeptical
Conclusion
The Basic Financial Statements
The Balance Sheet
The Value Problem
Comparability Problems in the Valuation of Financial Assets
Instantaneous Wipeout of Value
How Good Is Goodwill?
Losing Value the Old-Fashioned Way
True Equity Is Elusive
Pros and Cons of a Market-Based Equity Figure
The Common Form Balance Sheet
Conclusion
The Income Statement
Making the Numbers Talk
How Real Are the Numbers?
Conclusion
The Statement of Cash Flows
The Cash Flow Statement and the Leveraged Buyout
Analytical Applications
Cash Flow and the Company Life Cycle
The Concept of Financial Flexibility
In Defense of Slack
Conclusion
A Closer Look at Profits
What Is Profit?
Bona Fide Profits versus Accounting Profits
What Is Revenue?
Which Costs Count?
How Far Can the Concept Be Stretched?
Conclusion
Revenue Recognition
Channel-Stuffing in the Drug Business
A Second Take on Earnings
Astray on Layaway
Recognizing Membership Fees
A Potpourri of Liberal Revenue Recognition Techniques
Fattening Earnings with Empty Calories
Tardy Disclosure at Halliburton
Managing Earnings with Rainy Day Reserves
Fudging the Numbers: A Systematic Problem
Conclusion
Expense Recognition
Nortel's Deferred Profit Plan
Grasping for Earnings at General Motors
Time-Shifting at Freddie Mac
Conclusion
The Applications and Limitations of EBITDA
EBIT, EBITDA, and Total Enterprise Value
The Role of EBITDA in Credit Analysis
A busing EBITDA
A More Comprehensive Cash Flow Measure
Working Capital Adds Punch to Cash Flow Analysis
Conclusion
The Reliability of Disclosure and Audits
An Artful Deal
Death Duties
Systematic Problems in Auditing
Conclusion
Mergers-and-Acquisitions Accounting
Maximizing Postacquisition Reported Earnings
Managing Acquisition Dates and Avoiding Restatements
Conclusion
Is Fraud Detectable?
Telltale Signs of Manipulation
Fraudsters Know Few Limits
Enron: A Media Sensation
HealthSouth's Excruciating Ordeal
Milk and Other Liquid Assets
Conclusion
Forecasts and Security Analysis
Forecasting Financial Statements
A Typical One-Year Projection
Sensitivity Analysis with Projected Financial Statements
Projecting Financial Flexibility
Pro Forma Financial Statements
Pro Forma Statements for Acquisitions
Multiyear Projections
Conclusion
Credit Analysis
Balance Sheet Ratios
Income Statement Ratios
Statement of Cash Flows Ratios
Combination Ratios
Relating Ratios to Credit Risk
Conclusion
Equity Analysis
The Dividend Discount Model
The Price-Earnings Ratio
Why P/E Multiples Vary
The Du Pont Formula
Valuation through Restructuring Potential
Conclusion
Appendix: Explanation of Pro Forma Adjustments for Hertz Global Holdings, Inc./DTG
Notes
Glossary
Bibliography
About the Authors
Index

×
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.

×