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Introduction | |
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Organization of the Book | |
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Additional Background | |
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Accounting Defined | |
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Generally Accepted Accounting Principles | |
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Financial Analysis | |
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Some Additional Perspectives on the Planning Process | |
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Understanding Financial Information | |
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The Balance Sheet | |
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Expenses and Expenditures | |
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Assets | |
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Important Accounting Concepts Affecting the Balance Sheet | |
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Liabilities | |
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Stockholders' Equity | |
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Total Liabilities and Stockholders' Equity | |
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Additional Balance Sheet Information | |
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Analysis of the Balance Sheet | |
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The Income Statement | |
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Analysis of the Income Statement | |
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The Statement of Cash Flows | |
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Sources of Funds | |
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Uses of Funds | |
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Statement of Cash Flows | |
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Financial Practice Review | |
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Analyzing the Statement of Cash Flows | |
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Generally Accepted Accounting Principles: A Review and Update | |
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The Fiscal Period | |
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The Going Concern Concept | |
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Historical Monetary Unit | |
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Conservatism | |
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Quantifiable Items or Transactions | |
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Consistency | |
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Full Disclosure | |
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Materiality | |
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Significant Accounting Issues | |
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The Annual Report and Other Sources of Incredibly Valuable Information | |
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The Annual Report | |
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The 10-K Report | |
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The Proxy Statement | |
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Other Sources of Information | |
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The Securities and Exchange Commission | |
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Analysis of Financial Statements | |
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Key Financial Ratios | |
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Statistical Indicators | |
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Financial Ratios | |
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Liquidity Ratios | |
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Ratios of Working Capital Management | |
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Measures of Profitability | |
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Financial Leverage Ratios | |
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Using Return on Assets to Measure Profit Centers | |
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Assets | |
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Revenue | |
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After-Tax Cash Flow (ATCF) | |
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Return on Assets: Its Components | |
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Overhead Allocations | |
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Problems That Arise from Cost Allocation | |
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What About the IRS and GAAP? | |
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Effect on Profits of Different Cost Allocation Issues | |
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Decision Making for Improved Profitability | |
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Analysis of Business Profitability | |
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Chart of Accounts | |
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Fixed Costs | |
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Variable Costs | |
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Development of Fixed-Cost Estimates | |
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Development of Variable-Cost Estimates | |
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Breakeven Calculation | |
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Variance Analysis | |
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Return on Investment | |
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What is Analyzed? | |
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Why are These Opportunities Analyzed So Extensively? | |
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Discounted Cash Flow | |
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Present Value | |
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Discounted Cash Flow Measures | |
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Risk | |
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Capital Expenditure Defined | |
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The Cash Flow Forecast | |
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Characteristics of a Quality Forecast | |
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Establishing the ROI Target | |
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Analytical Simulations | |
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Comprehensive Case Study | |
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Additional Financial Information | |
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Financing the Business | |
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Debt | |
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Equity | |
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Some Guidance on Borrowing Money | |
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Business Planning and the Budget | |
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S.W.O.T. Analysis | |
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Planning | |
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Significant Planning Guidelines and Policies | |
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Some Additional Issues | |
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A Guide to Better Budgets | |
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Preparation of the Budget | |
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Selected Business Readings | |
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Profitability During Tough Times | |
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Do the Right Thing | |
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Appendixes | |
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Glossary | |
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Index | |