CART

(0) items

Financial Reporting & Analysis,9780324186437
This item qualifies for
FREE SHIPPING!

FREE SHIPPING OVER $59!

Your order must be $59 or more, you must select US Postal Service Shipping as your shipping preference, and the "Group my items into as few shipments as possible" option when you place your order.

Bulk sales, PO's, Marketplace Items, eBooks, Apparel, and DVDs not included.

Financial Reporting & Analysis

by
Edition:
9th
ISBN13:

9780324186437

ISBN10:
0324186436
Format:
Hardcover
Pub. Date:
7/7/2003
Publisher(s):
South-Western College Pub
List Price: $231.66
More New and Used
from Private Sellers
Starting at $0.01
See Prices

Rent Textbook

We're Sorry
Sold Out

Used Textbook

We're Sorry
Sold Out

eTextbook

We're Sorry
Not Available

New Textbook

We're Sorry
Sold Out

Related Products


  • Financial Reporting and Analysis (with ThomsonONE Printed Access Card)
    Financial Reporting and Analysis (with ThomsonONE Printed Access Card)
  • Financial Reporting and Analysis (with ThomsonONE Printed Access Card)
    Financial Reporting and Analysis (with ThomsonONE Printed Access Card)
  • Financial Reporting and Analysis : Using Financial Accounting Information
    Financial Reporting and Analysis : Using Financial Accounting Information
  • Financial Reporting and Analysis : Using Financial Accounting Information
    Financial Reporting and Analysis : Using Financial Accounting Information
  • Financial Reporting and Analysis : Using Financial Accounting Information
    Financial Reporting and Analysis : Using Financial Accounting Information
  • Financial Reporting and Analysis Using Financial Accounting Information (with ThomsonONE - Business School Edition Printed Access Card)
    Financial Reporting and Analysis Using Financial Accounting Information (with ThomsonONE - Business School Edition Printed Access Card)
  • Financial Reporting and Analysis Using Financial Accounting Information (with ThomsonONE Printed Access Card)
    Financial Reporting and Analysis Using Financial Accounting Information (with ThomsonONE Printed Access Card)
  • Financial Reporting and Analysis: Using Financial Accounting Information, 12th Edition
    Financial Reporting and Analysis: Using Financial Accounting Information, 12th Edition




Summary

The ninth edition thoroughly involves one with financial statements by using real-world examples. It builds skills in analyzing real financial reports through statements, exhibits, and cases of actual companies. Emphasis is placed on the analysis and interpretation of the end result of financial reporting--financial statements.

Table of Contents

CHAPTER 1 INTRODUCTION TO FINANCIAL REPORTING 1(32)
Development of Generally Accepted Accounting Principles (GAAP)
2(5)
American Institute of Certified Public Accountants (AICPA)
Financial Accounting Standards Board (FASB)
Operating Procedure for Statements of Financial Accounting Standards (SFASs)
FASB Conceptual Framework
Additional Input American Institute of Certified Public Accountants (AICPA)
7(1)
Emerging Issues Task Force (EITF)
8(1)
A New Reality
8(1)
Traditional Assumptions of the Accounting Model
9(7)
Business Entity
Going Concern or Continuity
Time Period
Monetary Unit
Historical Cost
Conservatism
Realization
Matching
Consistency Full Disclosure
Materiality
Industry Practices
Transaction Approach
Cash Basis
Accrual Basis
Using the Internet
16(1)
Companies' Internet Web Sites
Helpful Web Sites
Summary
17(1)
To the Net
17(1)
Questions
18(2)
Problems
20(13)
Case 1-1 Standards Overload?
24(1)
Case 1-2 Standard Setting: "A Political Aspect"
24(3)
Case 1-3 Standard Setting: "By the Way of the United States Congress"
27(1)
Case 1-4 Recognizing Revenue and Related Costs-Part I
27(2)
Case 1-5 Recognizing Revenue and Related Costs-Part II
29(1)
Case 1-6 Cash Basis-Accrual Basis?
30(1)
Case 1-7 Going Concern?
30(1)
Case 1-8 Economics and Accounting. The Uncongenial Twins
31(1)
Case 1-9 I Often Paint Fakes
32(1)
Web Case Thomson Analytics, Business School Edition
32(1)
CHAPTER 2 INTRODUCTION TO FINANCIAL STATEMENTS AND OTHER FINANCIAL REPORTING TOPICS 33(34)
Forms of Business Entities
34(1)
The Financial Statements
34(3)
Balance Sheet (Statement of Financial Position)
Statement of Stockholders' Equity (Reconciliation of Stockholders' Equity Accounts)
Income Statement (Statement of Earnings)
Statement of Cash Flows (Statement of Inflows and Outflows of Cash)
Footnotes (Notes)
The Accounting Cycle
37(2)
Recording Transactions
Recording Adjusting Entries
Preparing the Financial Statements
Auditor's Report
39(5)
Management's Responsibility for Financial Statements
The SEC's Integrated Disclosure System
Proxy
Summary Annual Report
44(1)
The Efficient Market Hypothesis
44(1)
Ethics
44(2)
SEC Requirements-Code of Ethics
Harmonization of International Accounting Standards
46(2)
Consolidated Statements
48(1)
Accounting for Business Combinations
48(1)
Summary
48(1)
To the Net
49(1)
Questions
49(2)
Problems
51(16)
Case 2-1 The CEO Retires
55(2)
Case 2-2 The Dangerous Morality of Managing Earnings
57(4)
Case 2-3 Frequent-Flier Awards-Tick-Tick, Tick-Tick, Tick-Tick
61(1)
Case 2-4 International Accounting-Harmonization in Practice
62(1)
Case 2-5 Materiality: In Practice
62(1)
Case 2-6 Who is Responsible?
63(1)
Case 2-7 Safe Harbor
64(1)
Web Case Thomson Analytics, Business School Edition
64(3)
CHAPTER 3 BALANCE SHEET 67(44)
Basic Elements of the Balance Sheet
68(26)
Assets
Liabilities
Stockholders' Equity
Quasi-Reorganization
Accumulated Other Comprehensive Income
Equity-Oriented Deferred Compensation
Employee Stock Ownership Plans (ESOPs)
Treasury Stock
Stockholders' Equity in Unincorporated Firms
Statement of Stockholders' Equity
94(1)
Problems in Balance Sheet Presentation
95(1)
Summary
95(1)
To the Net
95(1)
Questions
96(2)
Problems
98(13)
Case 3-1 Balance Sheet Review
103(3)
Case 3-2 Insight on Liabilities
106(1)
Case 3-3 Insight on Shareholders' Equity
106(1)
Case 3-4 Insight on Assets
107(1)
Case 3-5 Our Principal Asset Is Our People
108(1)
Case 3-6 Brands Are Dead?
109(1)
Case 3-7 Advertising-Asset?
109(1)
Web Case Thomson Analytics, Business School Edition
109(2)
CHAPTER 4 INCOME STATEMENT 111(30)
Basic Elements of the Income Statement
112(2)
Net Sales (Revenues)
Cost of Goods Sold (Cost of Sales)
Other Operating Revenue
Operating Expenses
Other Income or Expense
Special Income Statement Items
114(8)
(A) Unusual or Infrequent Item Disclosed Separately
(B) Equity in Earnings of Nonconsolidated Subsidiaries
Income Taxes Related to Operations
(C) Discontinued Operations
(D) Extraordinary Items
(E) Cumulative Effect of Change in Accounting Principle
(F) Minority Share of Earnings
Earnings per Share
122(1)
Retained Earnings
122(1)
Dividends and Stock Splits
123(1)
Legality of Distributions to Stockholders
124(1)
Comprehensive Income
125(1)
Summary
126(1)
To the Net
126(2)
Questions
128(1)
Problems
128(13)
Case 4-1 Under the Arch
134(1)
Case 4-2 Hidden Treasure
135(1)
Case 4-3 Take My Picture
136(1)
Case 4-4 The Big Order
136(1)
Case 4-5 Celtics
137(1)
Case 4-6 Always Low Prices
138(1)
Web Case Thomson Analytics, Business School Edition
138(3)
CHAPTER 5 BASICS OF ANALYSIS 141(22)
Ratio Analysis
142(1)
Common-Size Analysis (Vertical and Horizontal)
142(1)
Year-to-Year Change Analysis
143(1)
Financial Statement Variation by Type of Industry
144(1)
Review of Descriptive Information
144(1)
Comparisons
145(10)
Trend Analysis
Standard Industrial Classification (SIC) Manual
North American Industry Classification System (NAILS)
Industry Averages and Comparison with Competitors
Caution in Using Industry Averages
Relative Size of Firm
155(1)
Other Library Sources
155(3)
Ward's Business Directory
Standard & Poor's Reports
Standard & Poor's Register of Corporations, Directors, and Executives
Standard & Poor's Analyst's Handbook
Standard & Poor's Corporation Records
America's Corporate Families:® The Billion Dollar Directory®
D&B® Million Dollar Directory®
Directory of Corporate Affiliations
Thomas Register of American Manufacturers
Moody's Investors' Services Securities Owner's Stock Guide
The Wall Street Transcript
The Wall Street Journal Index
The Official Index to The Financial Times
Predicasts F & S Index
Reference Book of Corporate Managements
Compact Disclosure
The Users of Finance Statements
158(1)
Summary
159(1)
To the Net
159(1)
Questions
160(1)
Problems
161(2)
Web Case Thomson Analytics, Business School Edition
162(1)
CHAPTER 6 LIQUIDITY OF SHORT-TERM ASSETS: RELATED DEBT-PAYING ABILITY 163(46)
Current Assets, Current Liabilities, and the Operating Cycle
164(17)
Cash
Marketable Securities
Receivables
Inventories
Prepayments
Other Current Assets
Current Liabilities
Current Assets Compared with Current Liabilities
181(4)
Working Capital
Current Ratio
Add-Test Ratio (Quick Ratio)
Cash Ratio
Other Liquidity Considerations
185(1)
Sales to Working Capital (Working Capital Turnover)
Liquidity Considerations Not on the Face of the Statements
Summary
186(1)
To the Net
187(1)
Questions
187(3)
Problems
190(19)
Case 6-1 LIFO-FIFO
201(1)
Case 6-2 Rising Prices, a Time to Switch Off LIFO?
202(1)
Case 6-3 Moments to Remember
203(2)
Case 6-4 The Other Side of LIFO
205(1)
Case 6-5 Network Supreme
206(2)
Case 6-6 Booming Retail
208(1)
Web Case Thomson Analytics, Business School Edition
208(1)
CHAPTER 7 LONG-TERM DEBT-PAYING ABILITY 209(42)
Income Statement Consideration when Determining Long-Term Debt-Paying Ability
210(3)
Times Interest Earned
Fixed Charge Coverage
Balance Sheet Consideration when Determining Long-Term Debt-Paying Ability
213(5)
Debt Ratio
Debt/Equity Ratio
Debt to Tangible Net Worth Ratio
Other Long-Term Debt-Paying Ability Ratios
Special Items that Influence a Firm's Long-Term Debt-Paying Ability
218(11)
Long-Term Assets Versus Long-Term Debt
Long-Term Leasing
Pension Plan
Postretirement Benefits Other than Pension
Joint Ventures Contingencies
Financial Instruments with Off-Balance-Sheet Risk and Financial instruments with Concentration of Credit Risk
Disclosures About Fair Value of Financial Instruments
Summary
229(1)
To the Net
230(1)
Questions
231(2)
Problems
233(18)
Case 7-1 Expensing Interest Now and Later
240(1)
Case 7-2 Consideration of Leases
240(3)
Case 7-3 Lockout
243(1)
Case 7-4 Many Employers
244(1)
Case 7-5 Play It Safe
244(3)
Case 7-6 Retirement Plans Revisited
247(1)
Case 7-7 Fair Value of Financial Instruments
248(1)
Case 7-8 Communications
249(1)
Web Case Thomson Analytics, Business School Edition
250(1)
CHAPTER 8 PROFITABILITY 251(38)
Profitability Measures
252(10)
Net Profit Margin
Total Asset Turnover
Return on Assets
DuPont Return on Assets
Interpretation Through DuPont Analysis
Variation in Computation of DuPont Ratios Considering Only Operating Accounts
Operating Income Margin
Operating Asset Turnover
Return on Operating Assets
Sales to Fixed Assets Return on Investment (ROI)
Return on Total Equity
Return on Common Equity
The Relationship Between Profitability Ratios
Gross Profit Margin
Trends in Profitability
262(1)
Segment Reporting
262(1)
Sales and Marketing
263(1)
Gains and Losses from Prior Period Adjustments
264(1)
Comprehensive Income
265(2)
Pro Forma Financial Information
267(1)
Interim Reports
268(1)
Summary
268(1)
To the Net
269(1)
Questions
270(1)
Problems
271(18)
Case 8-1 Jeff's Self-Service Station
277(1)
Case 8-2 The Tale of the Segments
278(1)
Case 8-3 The Story of Starbusks-In Segments
279(2)
Case 8-4 Tide, Pampers, and Etc.
281(2)
Case 8-5 Vehicles and Housing
283(3)
Case 8-6 Cars, Trucks, Etc.
286(1)
Case 8-7 Shoes, Shoes, Shoes
287(1)
Web Case Thomson Analytics, Business School Edition
287(2)
CHAPTER 9 FOR THE INVESTOR 289(30)
Leverage and Its Effects on Earnings
290(2)
Definition of Financial Leverage and Magnification Effects
Computation of the Degree of Financial Leverage
Summary of Financial Leverage
Earnings Per Common Share
292(1)
Price/Earnings Ratio
293(1)
Percentage of Earnings Retained
294(1)
Dividend Payout
295(1)
Dividend Yield
295(1)
Book Value Per Share
296(1)
Stock Options (Stock-Based Compensation)
297(2)
APB Opinion No. 25 Firms
SFRS No. 123 Firms
The Trend
Options-Concluding Comments
Stock Appreciation Rights
299(2)
Summary
301(1)
To the Net
302(1)
Questions
302(1)
Problems
303(16)
Case 9-1 Why the Change?
308(1)
Case 9-2 Stock Split Revisited
309(3)
Case 9-3 Stock Option Plans (Stock-Based Compensation)
312(2)
Case 9-4 Food, Food, Food
314(3)
Case 9-5 Connecting
317(1)
Web Case Thomson Analytics, Business School Edition
318(1)
CHAPTER 10 STATEMENT OF CASH FLOWS 319(46)
Basic Elements of the Statement of Cash Flows
320(5)
Financial Ratios and the Statement of Cash Flows
325(4)
Operating Cash Flow/Current Maturities of Long-Term Debt and Current Notes Payable
Operating Cash Flow/Total Debt
Operating Cash Flow per Share
Operating Cash Flow/Cash Dividends
Alternative Cash Flow
329(1)
Procedures for Development of the Statement of Cash Flows
330(5)
Summary
335(1)
To the Net
335(1)
Questions
336(1)
Problems
337(28)
Case 10-1 The Big .Com
349(2)
Case 10-2 Watch the Cash
351(1)
Case 10-3 Rapidly Expanding
352(6)
Case 10-4 The Retail Mover
358(4)
Case 10-5 Non-Cash Charges
362(2)
Case 10-6 Sorry-Give it Back
364(1)
Case 10-7 Cash Movements and Periodic Income Determination
364(1)
Web Case Thomson Analytics, Business School Edition
365(1)
SUMMARY ANALYSIS NIKE, INC. (INCLUDES 2002 FINANCIAL STATEMENTS) 365(78)
Nike-Background Information
368(8)
Management Discussion and Analysis (See Annual Report) (in Part)
Vertical Common-Size Statement of Income (Exhibit 1)
Horizontal Common-Size Statement of Income (Exhibit 2)
Three-Year Comparison (Exhibit 3)
Ratio Comparison with Selected Competitor (Exhibit 4)
Ratio Comparison with Industry (Exhibit 5)
Other
376(1)
Summary
376(1)
Nike 2002 Financial Statements
376(67)
CHAPTER 11 EXPANDED ANALYSIS 443(40)
Financial Ratios as Perceived by Commercial Loan Departments
444(2)
Most Significant Ratios and Their Primary Measure
Ratios Appearing Most Frequently in Loan Agreements
Financial Ratios as Perceived by Corporate Controllers
446(1)
Most Significant Ratios and Their Primary Measure
Key Financial Ratios Included Corporate Objectives
Financial Ratios as Perceived by Certified Public Accountants
447(1)
Financial Ratios as Perceived by Chartered Financial Analysts
448(1)
Financial Ratios Used in Annual Reports
448(2)
Degree of Conservatism and Quality of Earnings
450(1)
Inventory
Fixed Assets
Intangible Assets
Pensions
Forecasting Financial Failure
451(2)
Univariate Model
Multivariate Model
Analytical Review Procedures
453(1)
Management's Use of Analysis
453(1)
Use of LIFO Reserves
454(2)
Graphing Financial Information
456(1)
Management of Earnings
456(3)
Summary
459(1)
To the Net
460(1)
Questions
460(2)
Problems
462(21)
Case 11-1 What Position?
476(2)
Case 11-2 Accounting Hocus-Pocus
478(2)
Case 11-3 Turn a Cheek
480(1)
Web Case Thomson Analytics, Business School Edition
480(3)
CHAPTER 12 SPECIAL INDUSTRIES: BANKS, UTILITIES, OIL AND GAS, TRANSPORTATION, INSURANCE, REAL ESTATE COMPANIES 483(40)
Banks
484(6)
Balance Sheet
Income Statement
Ratios for Banks
Regulated Utilities
490(5)
Financial Statements
Ratios for Regulated Utilities
Oil and Gas
495(2)
Successful-Efforts Versus Full-Costing Methods
Supplementary Information on Oil and Gas Exploration, Development, and Production Activities
Cash Flow
Transportation
497(6)
Financial Statements
Ratios
Insurance
503(4)
Balance Sheet Under GAAP
Income Statement Under GAAP
Ratios Real Estate Companies
507(1)
Summary
507(1)
To the Net
508(1)
Questions
509(2)
Problems
511(12)
Case 12-1 Allowance for Funds
514(3)
Case 12-2 Results of Operations for Oil and Gas Producing Activities
517(1)
Case 12-3 Summary of Loan Loss Experience
518(2)
Case 12-4 You Can Bank on It
520(2)
Case 12-5 You're Covered
522(1)
Web Case Thomson Analytics, Business School Edition
522(1)
CHAPTER 13 PERSONAL FINANCIAL STATEMENTS AND ACCOUNTING FOR GOVERNMENTS AND NOT-FOR-PROFITS ORGANIZATIONS 523(34)
Personal Financial Statements
524(5)
Form of the Statements
Suggestions for Reviewing the Statement of Financial Condition
Suggestions for Reviewing the Statement of Changes in Net Worth
Illustration of Preparation of the Statement of Financial Condition
Illustration of Preparation of the Statement of Changes in Net Worth
Accounting for Governments
529(4)
Accounting for Not-for-Profit Organizations Other Than Governments
533(9)
1. SFRS No. 93, "Recognition of Depreciation by Not-for-Profit Organizations"
2. SFRS No. 116, "Accounting for Contributions Received and Contributions Made"
3. SFRS No. 117, "Financial Statements of Not-for-Profit Organizations"
4. SPAS No. 124, "Accounting for Certain Investments Held by Not-for-Profit Organizations"
Applicability of GAAP to Not-for-Profit Organizations
Budgeting by Objectives and/or Measures of Productivity
Summary
542(1)
To the Net
543(1)
Questions
543(1)
Problems
544(13)
Case 13-1 Governor Lucas-This is Your County
548(6)
Case 13-2 My Mud Hens
554(1)
Case 13-3 Jeep
554(3)
GLOSSARY 557(22)
BIBLIOGRAPHY 579(10)
INDEX 589


Please wait while the item is added to your cart...