Understanding Financial Statements A Journalist's Guide

Name: Understanding Financial Statements A Journalist's Guide
Price: 3.47 USD
Availability: InStock
ISBN: 9780972993739

ISBN-10: 0972993738

ISBN-13: 9780972993739

Edition: 2004

Authors: Jay Taparia

List price: $24.95

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Description:

Enron, Worldcom, Arthur Anderson... the list of corporations that burned out due to crooked book-keeping keeps growing. Too bad more journalists didn't have the knowledge of Jay Taparia at their disposal. Taparia, who regularly presents seminars on financial analysis to members of the Society of American Business Editors and Writers, is a veteran financial analyst with the rare talent of also being an outstanding communicator. In this book, Taparia walks journalists through the essentials of understanding a company or organisation's financial health. He carefully explains how to evaluate financial statements, and then takes the reader behind the numbers to explain how companies formulate…

Book details

List price: $24.95
Copyright year: 2004
Publisher: Acorn Guild Press, LLC
Publication date: 3/1/2004
Binding: Paperback
Pages: 124
Size: 6.00" wide x 8.75" long x 0.50" tall
Weight: 0.440
Language: English

Jay Taparia, CFA regularly advises business journalists about how to analyze financial statements.



Introduction


Why Should Journalists Care About Understanding Financial Statements?


The Process of Learning Financial Statement Analysis



The Financial Reporting Game


The Rules: Generally Accepted Accounting Principles


The Players: FASB, SEC, and Corporate Managers


The Pieces: Key Public Filings



The Three Key Financial Statements


The Income Statement


The Balance Sheet


The Cash Flow Statement



Dynamic Forces that Drive Financial Statements


The Economy


Industry Analysis and the Effect of Competition


Management Strategy



Ratio Analysis



The Analysis of Two Publicly Traded Newspaper Companies



Cash Flow Statement Analysis & Ratios


Short-Term Cash Flow: The Cash Conversion Cycle


Long-Term Cash Flow: Free Cash Flow Analysis



Income Statement Analysis and Ratios


Return on Equity and the DuPont Model


Common-Size Income Statements



Balance Sheet Analysis and Ratios


Common-Size Balance Sheets


Debt Level Ratios


Coverage Ratios



Looking Behind the Numbers


Limitations of Ratio Analysis


Other Risk Factors to Consider



The Process


Glossary of Accounting and Finance Terms


Web Resources


AIMR--Another Resource for the Journalist


About the Author


Index