International Financial Statement Analysis / Edition 2

Hardcover (Print)
Rent
Rent from BN.com
$33.20
(Save 67%)
Est. Return Date: 05/28/2015
Buy Used
Buy Used from BN.com
$58.82
(Save 41%)
Item is in good condition but packaging may have signs of shelf wear/aging or torn packaging.
Condition: Used – Good details
Used and New from Other Sellers
Used and New from Other Sellers
from $39.83
Usually ships in 1-2 business days
(Save 60%)
Other sellers (Hardcover)
  • All (8) from $39.83   
  • New (4) from $57.58   
  • Used (4) from $39.83   

Overview

This book is designed to help investment professionals and students effectively evaluate financial statements in today's international and volatile markets, amid an uncertain global economic climate. The distinguished team of authors, along with experienced contributors, provides complete coverage to one of the most important issues in the field. International Financial Statement Analysis, 2nd edition, fully updated with new standards and methods for a post crisis world, covers the mechanics of the accounting process, which is 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. The book also includes 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.
Read More Show Less

Product Details

  • ISBN-13: 9780470916629
  • Publisher: Wiley
  • Publication date: 5/1/2012
  • Series: CFA Institute Investment Series, #39
  • Edition number: 2
  • Pages: 1040
  • Sales rank: 495,912
  • Product dimensions: 7.30 (w) x 10.10 (h) x 1.80 (d)

Meet the Author

Thomas R. Robinson, CFA, is Managing Director of the Education Division of CFA Institute where he leads and develops the teams responsible for producing and delivering educational content and examinations to candidates, members, and other investment professionals encompassing the CFA Program, CIPM Program, Lifelong Learning, Private Wealth, Publications, and Conferences.

Elaine Henry, CFA, is an Assistant Professor of Accounting at the University of Miami where she teaches courses in accounting, financial statement analysis, and valuation. After working in corporate finance at Lehman Brothers, strategy consulting at McKinsey & Company, and corporate banking at Citibank, she obtained a PhD from Rutgers University where she majored in accounting and minored in finance.

Wendy L. Pirie, CFA, is Director, Curriculum Projects, in the Education Division of CFA Institute. Prior to joining CFA Institute in 2008, she taught finance, accounting, statistics, taxation, business law, and marketing for over twenty years at both large and small public and private universities, religious colleges, and military academies. Her work has been published in the Journal of Financial Research and the Journal of Economics and Finance. She holds a PhD from Queen's University in Kingston, Ontario, and MBAs from the University of Toronto and the University of Calgary. Pirie is also coauthor of Investments: Principles of Portfolio and Equity Analysis (Wiley).

Michael A. Broihahn, CFA, is an Associate Professor of Accounting and the Director of Graduate Programs at Barry University in Miami, Florida. His teaching and research interests encompass financial accounting, auditing, and professional ethics. He currently serves CFA Institute in a number of different capacities.

Read More Show Less

Table of Contents

Foreword

Preface

Acknowledgments

Introduction

Chapter 1 Financial Statement Analysis: An Introduction

Learning Outcomes

1 Introduction

2 Scope of Financial Statement Analysis

3 Major Financial Statements and Other Information Sources

4 Financial Statement Analysis Framework

5 Summary

Problems

Chapter 2 Financial Reporting Mechanics

Learning Outcomes

1 Introduction

2 The Classification of Business Activities

3 Accounts and Financial Statements

4 The Accounting Process

5 Accruals and Valuation Adjustments

6 Accounting Systems

7 Using Financial Statements in Security Analysis

8 Summary

Appendix 2A: A Debit/Credit Accounting System

Problems

Chapter 3 Financial Reporting Standards

Learning Outcomes

1 Introduction

2 The Objective of Financial Reporting

3 Standard-Setting Bodies and Regulatory Authorities

4 Convergence of Global Financial Reporting Standards

5 The International Financial Reporting Standards Framework

6 Effective Financial Reporting

7 Comparison of IFRS with Alternative Reporting Systems

8 Monitoring Developments in Financial Reporting Standards

9 Summary

Problems

Chapter 4 Understanding Income Statements

Learning Outcomes

1 Introduction

2 Components and Format of the Income Statement

3 Revenue Recognition

4 Expense Recognition

5 Non-Recurring Items and Non-Operating Items

6 Earnings per Share

7 Analysis of the Income Statement

8 Comprehensive Income

9 Summary

Problems

Chapter 5 Understanding Balance Sheets

Learning Outcomes

1 Introduction

2 Components and Format of the Balance Sheet

3 Current Assets and Current Liabilities

4 Non-Current Assets

5 Non-Current Liabilities

6 Equity

7 Analysis of the Balance Sheet

8 Summary

Problems

Chapter 6 Understanding Cash Flow Statements

Learning Outcomes

1 Introduction

2 Components and Format of the Cash Flow Statement

3 The Cash Flow Statement: Linkages and Preparation

4 Cash Flow Statement Analysis

5 Summary

References

Problems

Chapter 7 Financial Analysis Techniques

Learning Outcomes

1 Introduction

2 The Financial Analysis Process

3 Analytical Tools and Techniques

4 Common Ratios Used in Financial Analysis

5 Equity Analysis

6 Credit Analysis

7 Business and Geographic Segments

8 Model Building and Forecasting

9 Summary

References

Problems

Chapter 8 Financial Statement Analysis: Applications

Learning Outcomes

1 Introduction

2 Application: Evaluating Past Financial Performance

3 Application: Projecting Future Financial Performance

4 Application: Assessing Credit Risk

5 Application: Screening for Potential Equity Investments

6 Analyst Adjustments to Reported Financials

7 Summary

References

Problems

Chapter 9 Inventories

Learning Outcomes

1 Introduction

2 Cost of Inventories

3 Inventory Valuation Methods

4 The LIFO Method

5 Inventory Method Changes

6 Inventory Adjustments

7 Evaluation of Inventory Management

8 Summary

Problems

Chapter 10 Long-Lived Assets

Learning Outcomes

1 Introduction

2 Acquisition of Long-Lived Assets

3 Depreciation and Amortisation of Long-Lived Assets

4 The Revaluation Model

5 Impairment of Assets

6 Derecognition

7 Presentation and Disclosures

8 Investment Property

9 Leasing

Summary

Problems

Chapter 11 Income Taxes

Learning Outcomes

1 Introduction

2 Differences between Accounting Profit and Taxable Income

3 Determining the Tax Base of Assets and Liabilities

4 Temporary and Permanent Differences between Taxable and Accounting Profit

5 Unused Tax Losses and Tax Credits

6 Recognition and Measurement of Current and Deferred Tax

7 Presentation and Disclosure

8 Comparison of IFRS and U.S. GAAP

Summary

Problems

Chapter 12 Non-Current (Long-Term) Liabilities

Learning Outcomes

1 Introduction

2 Bonds Payable

3 Leases

4 Introduction to Pensions and Other Post-Employment Benefits

5 Evaluating Solvency: Leverage and Coverage Ratios

6 Summary

Problems

Chapter 13 Employee Compensation: Post-Employment and Share-Based

Learning Outcomes

1 Introduction

2 Pensions and Other Post-Employment Benefits

3 Share-Based Compensation

4 Summary

References

Problems

Chapter 14 Intercorporate Investments

Learning Outcomes

1 Introduction

2 Basic Corporate Investment Categories

3 Investments in Financial Assets

4 Investments in Associates

5 Joint Ventures

6 Business Combinations

7 Variable Interest and Special Purpose Entities

Summary

Problems

Chapter 15 Multinational Operations

Learning Outcomes

1 Introduction

2 Foreign Currency Transactions

3 Translation of Foreign Currency Financial Statements

Summary

Problems

Chapter 16 Evaluating Financial Reporting Quality

Learning Outcomes

1 Introduction

2 Discretion in Accounting Systems

3 Financial Reporting Quality: Definitions, Issues, and Aggregate Measures

4 A Framework for Identifying Low-Quality Financial Reporting

5 The Implications of Fair Value Reporting for Financial Reporting Quality: A Brief Discussion

Summary

Problems

Chapter 17 Integration of Financial Statement Analysis Techniques

Learning Outcomes

1 Introduction

2 Case Study 1: Long-term equity investment

3 Case Study 2: Off-Balance Sheet Leverage From Operating Leases

4 Case Study 3: Anticipating Effects Of Changes in Accounting Standards

5 Conclusion

Problems

Glossary

References

About the Authors

About the CFA Program

Index

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star

(0)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)