Financial Reporting, Financial Statement Analysis and Valuation: A Strategic Perspective

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Cengage Learning, Aug 10, 2010 - Business & Economics - 1296 pages
Wahlen/Baginski/Bradshaw is a balanced, flexible, and complete Financial Statement Analysis book that is written with the premise that students learn financial statement analysis most effectively by performing the analysis on actual companies. Students learn to integrate the concepts from economics, finance, business strategy, accounting, and other business disciplines through the integration of a unique six-step process.
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its a book after reading and understanding which you don't need to read any more books. It is the subjects of finance and accounting in a single bundle. But you cannot read it fast. Read it slowly and understand it thoroughly.

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Book is too vague, no clear examples of what concepts they are discussing.

Contents

Overview of Financial Reporting Financial Statement Analysis and Valuation
1
Asset and Liability Valuation and Income Recognition
96
Income Flows versus Cash Flows Understanding the Statement of Cash Flows
153
Profitability Analysis
246
Risk Analysis
345
Financing Activities
439
Investing Activities
522
Operating Activities
630
RiskAdjusted Expected Rates of Return and the Dividends Valuation Approach
884
Valuation CashFlowBased Approaches
928
Valuation EarningsBased Approaches
1004
Valuation MarketBased Approaches
1041
Financial Statements and Notes for PepsiCo Inc and Subsidiaries
1097
Managements Discussion and Analysis for PepsiCo Inc and Subsidiaries
1129
Financial Statement Analysis Package FSAP
1159
Financial Statement Ratios Descriptive Statistics by Industry and by Year
1197

Accounting Quality
729
Forecasting Financial Statements
783

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About the author (2010)

James M. Wahlen, Ph.D. is the James R. Hodge Chair, Professor of Accounting, Chair of the Accounting Department and the former Chairman of the MBA Program at the Kelley School of Business at Indiana University. He received his Ph.D. from the University of Michigan and has served on the faculties of the University of Chicago, University of North Carolina at Chapel Hill, INSEAD, the University of Washington, and Pacific Lutheran University. Dr. Wahlen's teaching and research interests focus on financial accounting, financial statement analysis, and the capital markets. His research investigates earnings quality and earnings management, earnings volatility as an indicator of risk, fair value accounting for financial instruments, accounting for loss reserve estimates by banks and insurers, stock market efficiency with respect to accounting information, and testing the extent to which future stock returns can be predicted with earnings and other financial statement information. His research has been published in a wide array of academic and practitioner journals in accounting and finance. He has had public accounting experience in both Milwaukee and Seattle and is a member of the American Accounting Association. He has received numerous teaching awards during his career. In his free time Dr. Wahlen loves spending time with his wife and daughters; spoiling his incredibly adorable granddaughter, Ailsa; outdoor sports (biking, hiking, skiing, golf); cooking (and, of course, eating); and listening to rock music (especially if it is loud and live).

Stephen P. Baginski, Ph.D. is the Herbert E. Miller Chair in Financial Accounting at the University of Georgia's J.M. Tull School of Accounting. He received his Ph.D. from the University of Illinois in 1986, and he has taught a variety of financial and managerial undergraduate, MBA, and executive education courses at Indiana University, Illinois State University, the University of Illinois, Northeastern University, Florida State University, Washington University in St. Louis, the University of St. Galen, the Swiss Banking Institute at the University of Zurich, Bocconi, and INSEAD. Dr. Baginski has published articles in a variety of journals including The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Review of Accounting Studies, The Journal of Risk and Insurance, Quarterly Review of Finance and Economics, and Review of Quantitative Finance and Accounting. His research primarily deals with the causes and consequences of voluntary management disclosures of earnings forecasts, and he also investigates the usefulness of financial accounting information in security pricing and risk assessment. Dr. Baginski has served on several editorial boards and as an associate editor at Accounting Horizons and The Review of Quantitative Finance and Accounting. He has won numerous undergraduate and graduate teaching awards at the department, college, and university level during his career, including receipt of the Doctoral Student Inspiration Award from students at Indiana University. Dr. Baginski loves to watch college football, play golf, and run (very slowly) in his spare time.

Mark T. Bradshaw, Ph.D., is a Professor of Accounting at the Carroll School of Management of Boston College. Dr. Bradshaw received a Ph.D. from the University of Michigan Business School, and earned a BBA summa cum laude with highest honors in accounting and master's degree in financial accounting from the University of Georgia. He previously taught at University of Chicago, Harvard Business School, and University of Georgia. He was a Certified Public Accountant Arthur Andersen & Co. in Atlanta. Dr. Bradshaw conducts research on capital markets, specializing in the examination of securities analysts and related financial reporting issues. His research has been published in a variety of academic and practitioner journals. He is an Editor for The Accounting Review and currently serves as Associate Editor for Journal of Accounting and Economics, Journal of Accounting Research and Journal of Financial Reporting. He is also on the Editorial Board of Review of Accounting Studies and the Journal of International Accounting Research and is a reviewer for numerous other accounting and finance journals. He has also authored a book with Brian Bruce, Analysts, Lies, and Statistics - Cutting through the Hype in Corporate Earnings Announcements. Approximately thirty pounds ago, Dr. Bradshaw was an accomplished cyclist. Currently focused on other pursuits, he still routinely passes younger and thinner cyclists.

Clyde P. Stickney was the Signal Companies' Professor of Management at the Amos Tuck School of Business Administration, Dartmouth College. He received his Ph.D. from Florida State University and served on the faculties of the University of Chicago and the University of North Carolina at Chapel Hill before joining the faculty of the Tuck School in 1977. He has also taught at the International University of Japan, Swinburne Institute of Technology, and Helsinki School of Economics and Business Administration. Professor Stickney's teaching and research interests center around the interpretation and analysis of financial statements. Recent research has examined the impact of different accounting principles on U.S. versus Japanese price-earnings ratios and the use of financial statement ratios to infer the content and to evaluate the success of corporate-level strategies. He has authored and coauthored books on financial accounting, managerial accounting, and financial statement analysis. Professor Stickney is a member of the American Accounting Association.

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