Analysis of Financial Statements
John Wiley & Sons, May 15, 1999 - Business & Economics - 286 pages
Financial statements capture and report on four key business activities: planning, financing, investing, and operating activities. To intelligently understand, analyze, and interpret financial statements you must look for the right information, know where to locate it, and then act swiftly on the findings.
Analysis of Financial Statements provides the essential concepts and tools needed by analysts who make decisions on the basis of information found in financial statements. This book offers a comprehensive approach to understanding financial statements, from sources of financial information and the three basic types of statements to the various measures that common stock and equity analysts can use to assess a company. Analysis of Financial Statements also includes examples of real world applications from practicing analysts plus review questions at the end of each chapter.
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Introduction Chapter 6 Earnings Analysis
The Quality of Financial Information
Financial Ratio Analysis
Cash Flow Analysis
Quality of Financial Information Dividend measures
Fundamental Factor Models
ValueBased Measures of Performance
Financial Ratio Analysis Fundamental factor models
Pamela P Peterson Ph D CFA is a professor of finance at Florida State Univer
Financial Statements Statement of cash flows issues
Dividends and Dividend Discount Models
accounts receivable adjustments amortization amount asset turnover average balance sheet bankruptcy basic beta bonds book value calculation common stock company's cost of capital coverage ratio current assets current liabilities deduction deferred tax dividend discount model Earnings before interest earnings per share economic profit estimated evaluate example expected return Fictitious Corporation Financial Accounting Standards financial analyst financial condition financial ratios financial statements firm firm's flow from operations free cash flow funds future gross profit income statement income tax increase industry interest and taxes inventory investors lease market value market value-added McDonald's ment method million NOPAT Number of days number of shares obligations operating cycle operating profit margin performance period portfolio return on assets return on equity revenues securities shown in Exhibit sold Source statement of cash stochastic DDM stock returns tax rate taxable income total assets valuation value of equity value-added measures Wal-Mart