Financial Statement Analysis: An Integrated Approach

Front Cover
Prentice Hall, 2002 - Business & Economics - 598 pages
This book highlights the relationship between the business environment and corporate financial statements. It emphasizes the role of the research and the Internet in the analysis, and enables readers to synthesize facts, principles, and methods of analysis. A straightforward, user-friendly style actively involves learners, and develops their analytical skills, creativity, and resourcefulness. Chapter topics include information management, the financial statement, financial statement comparability, data disclosures, financial statement influences, reporting requirements, an introduction to and advanced short-term liquidity analysis, an introduction to and advanced cash flow analysis, operating performance analysis, asset utilization analysis, capital structure analysis, and financial statement valuations and forecasts.

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Contents

INTRODUCTION TO FINANCIAL STATEMENT ANALYSIS
1
CH APTER
2
AnalystsObjectives
4
Disclosure Challenges
11
INFORMATION MANAGEMENT
23
Technological Advances
35
THE FINANCIAL STATEMENTS
61
Statement of Shareholders Equity
72
Summary
220
ADVANCED CASH FLOW ANALYSIS
223
OPERATING PERFORMANCE ANALYSIS
243
Analysis of the Personal Computer Industry
259
Summary
267
ASSET UTILIZATION ANALYSIS
270
Return on Equity
279
Summary
293

FINANCIAL STATEMENT COMPARABILITY
82
Common Size Financial Statement Extensions
89
DATA DISCLOSURES
100
Personal Computer Companies
111
FINANCIAL STATEMENT INFLUENCES
118
Managerial Judgment and Estimates
128
REPORTING REQUIREMENTS
136
Foreign Investments
144
Summary
151
INTRODUCTION TO SHORTTERM LIQUIDITY ANALYSIS
157
The Objective of Liquidity Analysis
158
Liquidity Measures
165
Liquidity Analysis of the Personal Computer Industry
173
ADVANCED SHORTTERM LIQUIDITY ANALYSIS
182
Accounts Receivable Activity Measures
189
Apple Computer and the Personal Computer Industry
195
INTRODUCTION TO CASH FLOW ANALYSIS
202
Interpreting Operating Cash Flows
210
CAPITAL STRUCTURE ANALYSIS
296
Financial Leverage
299
Risk Analysis
305
Capital Structure Analysis and the Personal Computer Industry
312
Summary
319
VALUATION AND FORECASTS
321
Pro Forma Financial Statements
331
Summary
343
APPENDIX A PERSONAL COMPUTER INDUSTRY
346
APPENDIX B AIRLINE INDUSTRY
385
ATHLETIC FOOTWEAR AND APPAREL
429
DISCOUNT RETAIL INDUSTRY
454
APPENDIX E FASTFOOD RESTAURANTS
498
APPENDIX F SOFT DRINK INDUSTRY
526
Compendium of Financial Analysis Measures
557
Index
585
Copyright

About the author (2002)

Peter M. Bergevin is a Professor and Head of the Department of Accounting and Finance at Valdosta State University's Langdale College of Business Administration where he teaches financial statement analysis, financial accounting, and international accounting. Prior to heading the department at one of Georgia's two regional universities, Pete was an Associate Professor of World Business at Thunderbird The American Graduate School of International Management; Assistant Professor of Accounting at the University of Nevada, Las Vegas; and Assistant Professor of Business of Administration at Trinity University in Texas.

Dr. Bergevin received his Ph.D. in Accounting from Arizona State University. Since that time, he has authored numerous articles in the areas of statement analysis, financial accounting, and business education. His works have appeared in The Journal of Lending & Credit Risk Management, The Journal of Commercial Bank Lending, The International Executive, and The Journal of Accounting and Finance Research. In addition, the Case Research Journal, Business Case Journal, and the Journal of Accounting Education have published his cases on financial statement analysis.

Pete has taught and lectured in Mexico, New Zealand, and Europe. He enjoys traveling, renovating homes, reading about history and current events, and following sporting activities. Pete hopes his beloved Red Sox win a World Series before you finish reading this book, but he knows that won't happen. Despite his fascination with analyzing the personal computer industry, he struggles to get his PC to do what he wants it to do on a daily basis. Pete resides in Valdosta, Georgia with wife Linda, daughter Jillian, son Matthew, three dogs, and two horses.

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