Understanding Financial Statements

ISBN-10: 0131878565

ISBN-13: 9780131878563

Edition: 8th 2007 (Revised)

Authors: Lyn M. Fraser, Aileen Ormiston

List price: $72.00
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A supplementary text for a variety of Business courses, including Financial Statement Analysis, Principles of Financial Accounting, Intermediate Accounting, Investments, Personal Finance, and Financial Planning and Analysis. nbsp; Understanding Financial Statements, retains its reputation for readability, concise coverage, and accessibility while incorporating the many new requirements and changes in accounting reporting and standards. The text gives students the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve students ability to translate financial statement numbers into a meaningful map for business decisions and thus enable each student to approach financial statements with enhanced confidence.
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Book details

List price: $72.00
Edition: 8th
Copyright year: 2007
Publisher: Prentice Hall PTR
Publication date: 3/29/2006
Binding: Paperback
Pages: 304
Size: 6.75" wide x 8.75" long x 0.50" tall
Weight: 0.946
Language: English

Uses for the Eighth Edition
Features of the Eighth Edition
About the Authors
Financial Statements: An Overview
Map or Maze
Volume of Information
Where to Find a Company's Financial Statements
The Financial Statements
Notes to the Financial Statements
Auditor's Report
Management Discussion and Analysis
Five-Year Summary of Selected Financial Data and Market Data
Pandora (A.K.A. "PR Fluff")
Proxy Statement
Missing and Hard-to-Find Information
A Global Marketplace
Mythical Mountain
Other Discretionary Issues
More Complications
Quality of Financial Reporting
Accounting Policies, Estimates-Choices and Changes
Timing of Revenue and Expense Recognition
Discretionary Items
Nonrecurring and Nonoperating Items
The Journey Through the Maze Continues
Study Questions and Problems
The Walt Disney Company
Ultimate Electronics, Inc.
The Balance Sheet
Financial Condition
Balance Sheet Date
Comparative Data
Common-Size Balance Sheet
Current Assets
Cash and Marketable Securities
Accounts Receivable
Inventory Accounting Methods
Prepaid Expenses
Property, Plant, and Equipment
Other Assets
Current Liabilities
Accounts Payable
Notes Payable
Current Maturities of Long-Term Debt
Accrued Liabilities
Unearned Revenue or Deferred Credits
Deferred Federal Income Taxes
Long-Term Debt
Capital Lease Obligations
Postretirement Benefits Other Than Pensions
Commitments and Contingencies
Hybrid Securities
Stockholders' Equity
Common Stock
Additional Paid-In Capital
Retained Earnings
Other Equity Accounts
Other Balance Sheet Items
Study Questions and Problems
Lucent Technologies
1-800 Contacts, Inc.
Income Statement and Statement of Stockholders' Equity
The Income Statement
Common-Size Income Statement
Net Sales
Cost of Goods Sold
Gross Profit
Operating Expense
Depreciation and Amortization
Operating Profit
Other Income (Expense)
Equity Earnings
Earnings Before Income Taxes/Effective Tax Rate
Special Items
Net Earnings
Earnings Per Common Share
Comprehensive Income
The Statement of Stockholders' Equity
Earnings Quality, Cash Flow, Segmental Accounting
Study Questions and Problems
Dillard's Inc.
Applied Materials
Statement of Cash Flows
Preparing a Statement of Cash Flows
Calculating Cash Flow from Operating Activities
Indirect Method
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Change in Cash
Analyzing the Statement of Cash Flows
Cash Flow from Operations
Nocash Corporation
R.E.C. Inc.: Analysis of the Statement of Cash Flows
R.E.C. Inc. Analysis: Cash Flow from Operating Activities
Summary Analysis of the Statement of Cash Flows
Analysis of Cash Inflows
Analysis of Cash Outflows
Are We There Yet?
Study Questions and Problems
PetMed Express, Inc.
Candela Corporation
Statement of Cash Flows-Direct Method
Direct Method
A Guide to Earnings and Financial Reporting Quality
Using the Checklist
Sales or Revenues
Cost of Goods Sold
Operating Expenses
Nonoperating Revenue and Expense
Other Issues
What Are the Real Earnings?
Quality of Financial Reporting-The Balance Sheet
Quality of Financial Reporting-The Statement of Cash Flows
Study Questions and Problems
Nortel Networks Corporation
FindWhat.com, Inc.
The Analysis of Financial Statements
Objectives of Analysis
Sources of Information
Proxy Statement
Auditor's Report
Management Discussion and Analysis
Supplementary Schedules
Form 10-K and Form 10-Q
Other Sources
Tools and Techniques
Common-Size Financial Statements
Key Financial Ratios
Liquidity Ratios: Short-Term Solvency
Cash Conversion Cycle or Net Trade Cycle
Activity Ratios: Asset Liquidity, Asset Management Efficiency
Leverage Ratios: Debt Financing and Coverage
Profitability Ratios: Overall Efficiency and Performance
Market Ratios
Analyzing the Data
Background: Economy, Industry, and Firm
Short-Term Liquidity
Operating Efficiency
Capital Structure and Long-Term Solvency
Relating the Ratios-The Du Pont System
Projections and Pro Forma Statements
Summary of Analysis
Study Questions and Problems
Action Performance Companies, Inc.
Taser International, Inc.
The Analysis of Segmental Data
Summary of Financial Ratios
Solutions to Self-Tests
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