Financial Statement Analysis

Financial Statement Analysis
Author: Martin S. Fridson
Publisher: John Wiley & Sons
Total Pages: 414
Release: 2002-10-01
Genre: Business & Economics
ISBN: 0471264601

Praise for Financial Statement Analysis A Practitioner's Guide Third Edition "This is an illuminating and insightful tour of financial statements, how they can be used to inform, how they can be used to mislead, and how they can be used to analyze the financial health of a company." -Professor Jay O. Light Harvard Business School "Financial Statement Analysis should be required reading for anyone who puts a dime to work in the securities markets or recommends that others do the same." -Jack L. Rivkin Executive Vice President (retired) Citigroup Investments "Fridson and Alvarez provide a valuable practical guide for understanding, interpreting, and critically assessing financial reports put out by firms. Their discussion of profits-'quality of earnings'-is particularly insightful given the recent spate of reporting problems encountered by firms. I highly recommend their book to anyone interested in getting behind the numbers as a means of predicting future profits and stock prices." -Paul Brown Chair-Department of Accounting Leonard N. Stern School of Business, NYU "Let this book assist in financial awareness and transparency and higher standards of reporting, and accountability to all stakeholders." -Patricia A. Small Treasurer Emeritus, University of California Partner, KCM Investment Advisors "This book is a polished gem covering the analysis of financial statements. It is thorough, skeptical and extremely practical in its review." -Daniel J. Fuss Vice Chairman Loomis, Sayles & Company, LP

International Financial Statement Analysis

International Financial Statement Analysis
Author: Thomas R. Robinson
Publisher: John Wiley & Sons
Total Pages: 950
Release: 2012-04-04
Genre: Business & Economics
ISBN: 1118235126

Up-to-date information on using financial statement analysis to successfully assess company performance, from the seasoned experts at the CFA Institute Designed to help investment professionals and students effectively evaluate financial statements in today's international and volatile markets, amid an uncertain global economic climate, International Financial Statement Analysis, Second Edition compiles unparalleled wisdom from the CFA in one comprehensive volume. Written by a distinguished team of authors and experienced contributors, the book provides complete coverage of the key financial field of statement analysis. Fully updated with new standards and methods for a post crisis world, this Second Edition covers the mechanics of the accounting process; the foundation for financial reporting; the differences and similarities in income statements, balance sheets, and cash flow statements around the world; examines the implications for securities valuation of any financial statement element or transaction, and shows how different financial statement analysis techniques can provide valuable clues into a company's operations and risk characteristics. Financial statement analysis allows for realistic valuations of investment, lending, or merger and acquisition opportunities Essential reading for financial analysts, investment analysts, portfolio managers, asset allocators, graduate students, and others interested in this important field of finance Includes key coverage of income tax accounting and reporting, the difficulty of measuring the value of employee compensation, and the impact of foreign exchange rates on the financial statements of multinational corporations Financial statement analysis gives investment professionals important insights into the true financial condition of a company, and International Financial Statement Analysis, Second Edition puts the full knowledge of the CFA at your fingertips.

Financial Statement Analysis Workbook

Financial Statement Analysis Workbook
Author: Martin S. Fridson
Publisher: John Wiley & Sons
Total Pages: 210
Release: 2011-06-03
Genre: Business & Economics
ISBN: 1118097491

All too often, financial statements conceal more than they reveal. Even after the recent economic crisis, those analyzing financial statements face serious new concerns and challenges. The Fourth Edition of Financial Statement Analysis skillfully puts this discipline in perspective, and now, with this companion Workbook, you can hone your skills and test the knowledge you've gained from the actual text, before putting them to work in real-world situations. Question-and-answer sections within this Workbook correspond to each chapter of Financial Statement Analysis, Fourth Edition. Part One (Questions) provides chapter-by-chapter fill-in-the-blank questions, as well as financial statement and computational exercises. They are designed to be thought-provoking and require analysis and synthesis of the concepts covered in the book. The answers to all questions, which can be found in Part Two, are provided in boldfaced italic type in order to facilitate the checking of answers and comprehension of material. By enhancing your understanding of financial statement analysis, you can begin to undertake genuine, goal-oriented analysis and prepare for the practical challenges of contemporary business. This reliable resource will help you achieve such a difficult goal and allow you to make more informed decisions—whether you're evaluating a company's stock price or determining valuations for a merger or acquisition.

Financial Statement Analysis

Financial Statement Analysis
Author: Martin S. Fridson
Publisher: John Wiley & Sons
Total Pages: 405
Release: 2011-06-01
Genre: Business & Economics
ISBN: 1118064208

The updated, real-world guide to interpreting and unpacking GAAP and non-GAAP financial statements In Financial Statement Analysis, 5th Edition, leading investment authority Martin Fridson returns with Fernando Alvarez to provide the analytical framework you need to scrutinize financial statements, whether you’re evaluating a company’s stock price or determining valuations for a merger or acquisition. Rather than taking financial statements at face value, you’ll learn practical and straightforward analytical techniques for uncovering the reality behind the numbers. This fully revised and up-to-date 5th Edition offers fresh information that will help you to evaluate financial statements in today’s volatile markets and uncertain economy. The declining connection between GAAP earnings and stock prices has introduced a need to discriminate between instructive and misleading non-GAAP alternatives. This book integrates the alternatives and provides guidance on understanding the extent to which non-GAAP reports, particularly from US companies, may be biased. Understanding financial statements is an essential skill for business professionals and investors. Most books on the subject proceed from the questionable premise that companies' objective is to present a true picture of their financial condition. A safer assumption is that they seek to minimize the cost of raising capital by portraying themselves in the most favorable light possible. Financial Statement Analysis teaches readers the tricks that companies use to mislead, so readers can more clearly interpret statements. Learn how to read and understand financial statements prepared according to GAAP and non-GAAP standards Compare CFROI, EVA, Valens, and other non-GAAP methodologies to determine how accurate companies’ reports are Improve your business decision making, stock valuations, or merger and acquisition strategy Develop the essential skill of quickly and accurately gathering and assessing information from financial statements of all types Professional analysts, investors, and students will gain valuable knowledge from this updated edition of the popular guide. Filled with real-life examples and expert advice, Financial Statement Analysis, 5th Edition, will help you interpret and unpack financial statements.

Analysis of Financial Statements

Analysis of Financial Statements
Author: Pamela Peterson Drake
Publisher: John Wiley & Sons
Total Pages: 357
Release: 2012-11-06
Genre: Business & Economics
ISBN: 1118299981

The fully update Third Edition of the most trusted book on financial statement analysis Recent financial events have taught us to take a more critical look at the financial disclosures provides by companies. In the Third Edition of Analysis of Financial Statements, Pamela Peterson-Drake and Frank Fabozzi once again team up to provide a practical guide to understanding and interpreting financial statements. Written to reflect current market conditions, this reliable resource will help analysts and investors use these disclosures to assess a company's financial health and risks. Throughout Analysis of Financial Statements, Third Edition, the authors demonstrate the nuts and bolts of financial analysis by applying the techniques to actual companies. Along the way, they tackle the changing complexities in the area of financial statement analysis and provide an up-to-date perspective of new acts of legislation and events that have shaped the field. Addresses changes to U.S. and international accounting standards, as well as innovations in the areas of credit risk models and factor models Includes examples, guidance, and an incorporation of information pertaining to recent events in the accounting/analysis community Covers issues of transparency, cash flow, income reporting, and much more Whether evaluating a company's financial information or figuring valuation for M&A's, analyzing financial statements is essential for both professional investors and corporate finance executives. The Third Edition of Analysis of Financial Statements contains valuable insights that can help you excel at this endeavor.

International Financial Statement Analysis Workbook

International Financial Statement Analysis Workbook
Author: Thomas R. Robinson
Publisher: John Wiley & Sons
Total Pages: 171
Release: 2012-04-03
Genre: Business & Economics
ISBN: 1118235134

The workbook you need to test your understanding of financial statement analysis, from the seasoned experts at the CFA Institute In a global, highly interconnected investment landscape, financial analysts must have a thorough, working knowledge of international financial statement analysis. This companion Workbook to International Financial Statement Analysis, Second Edition accompanies the second edition of International Financial Statement Analysis, the essential guide to this important field, written by top experts at the CFA Institute. Designed to help busy professionals understand and apply the concepts and methodologies essential to accurate financial analysis, this workbook enables readers to test their knowledge and comprehension of the tools and techniques described in the main text before putting them to use in real world situations. This informative study guide contains carefully constructed problems with detailed solutions, as well as concise learning outcome statements and summary chapter overviews. The must-have companion to International Financial Statement Analysis, Second Edition Filled with pedagogical tools for applying key concepts Chapter overviews include coverage of: the differences and similarities in income statements, balance sheets, and cash flow statements around the world; the impact of foreign exchange rates on the financial statements of a multinational corporation; the difficulty in measuring the value of employee compensation; the importance of income tax accounting and reporting, and much more To acquire a practical mastery of international financial statement analysis, you need to be able to practice putting theory into action, and International Financial Statement Analysis Workbook, Second Edition provides the review resources you need to succeed.

Corporate Finance Workbook

Corporate Finance Workbook
Author: Michelle R. Clayman
Publisher: John Wiley & Sons
Total Pages: 121
Release: 2012-02-14
Genre: Business & Economics
ISBN: 1118217284

The workbook to accompany Corporate Finance: A Practical Approach, Second Edition

Crash Course in Accounting and Financial Statement Analysis

Crash Course in Accounting and Financial Statement Analysis
Author: Matan Feldman
Publisher: John Wiley & Sons
Total Pages: 294
Release: 2011-07-20
Genre: Business & Economics
ISBN: 1118160614

Seamlessly bridging academic accounting with real-life applications, Crash Course in Accounting and Financial Statement Analysis, Second Edition is the perfect guide to a complete understanding of accounting and financial statement analysis for those with no prior accounting background and those who seek a refresher.

The Art of Company Valuation and Financial Statement Analysis

The Art of Company Valuation and Financial Statement Analysis
Author: Nicolas Schmidlin
Publisher: John Wiley & Sons
Total Pages: 275
Release: 2014-06-09
Genre: Business & Economics
ISBN: 1118843096

The Art of Company Valuation and Financial Statement Analysis: A value investor’s guide with real-life case studies covers all quantitative and qualitative approaches needed to evaluate the past and forecast the future performance of a company in a practical manner. Is a given stock over or undervalued? How can the future prospects of a company be evaluated? How can complex valuation methods be applied in practice? The Art of Company Valuation and Financial Statement Analysis answers each of these questions and conveys the principles of company valuation in an accessible and applicable way. Valuation theory is linked to the practice of investing through financial statement analysis and interpretation, analysis of business models, company valuation, stock analysis, portfolio management and value Investing. The book’s unique approach is to illustrate each valuation method with a case study of actual company performance. More than 100 real case studies are included, supplementing the sound theoretical framework and offering potential investors a methodology that can easily be applied in practice. Written for asset managers, investment professionals and private investors who require a reliable, current and comprehensive guide to company valuation, the book aims to encourage readers to think like an entrepreneur, rather than a speculator, when it comes to investing in the stock markets. It is an approach that has led many to long term success and consistent returns that regularly outperform more opportunistic approaches to investment.

Warren Buffett and the Interpretation of Financial Statements

Warren Buffett and the Interpretation of Financial Statements
Author: Mary Buffett
Publisher: Simon and Schuster
Total Pages: 206
Release: 2011-01-06
Genre: Business & Economics
ISBN: 1849833249

With an insider's view of the mind of the master, Mary Buffett and David Clark have written a simple guide for reading financial statements from Buffett's successful perspective. They clearly outline Warren Buffett's strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Inspired by the seminal work of Buffett's mentor, Benjamin Graham, this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself. Destined to become a classic in the world of investment books, Warren Buffett and the Interpretation of Financial Statements is the perfect companion volume to The New Buffettology and The Tao of Warren Buffett.