The Basics Of Understanding Financial Statements

The Basics Of Understanding Financial Statements

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SUMMARY:

The purpose of this book is to help readers understand the basics of understanding financial statements. Material covered includes a step-by-step instruction on how to read and understand the balance sheet, the income statement, and the cash flow statement. It also covers information about how these three statements are interconnected with one another.

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Genre : Business & Economics
Author by : Mariusz Skonieczny
Publisher :
Release : 2012-06-01
File : 113 Pages
ISBN-13 : 0984849009


Financial Statement Analysis

Financial Statement Analysis

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Praise for Financial Statement Analysis FOURTH EDITION "I love this book. It helps to develop the questioning mind—the mind of a financial detective. It teaches the art of skepticism and critical thinking. Readers go beyond definition and calculation and learn interpretation." —Philip L. Cooley, PhD, Prassel Distinguished Professor of Business, Trinity University "Over my decades of involvement with high-yield bonds, Marty Fridson has been the leading speaker of truth. As he so accurately states in Financial Statement Analysis, the credit investor is required to engage in a game of cat-and-mouse with company management's intent on minimizing their cost of capital by putting a positive gloss on their financial statements. The Fourth Edition of Marty's terrific book is the bible on how to detect and deal with these efforts." —Howard Marks, Chairman, Oaktree Capital Management "Financial Statement Analysis is a unique text; it combines great academic work with numerous real-life examples to form a highly useful reference for equity investors, debt holders, and investors who straddle both asset classes. Whether you are an investor, an investment advisor, or a teacher, Financial Statement Analysis will prove very valuable." —Margaret M. Cannella, former head of Global Credit Research, J.P. Morgan and Adjunct Professor, Columbia Business School "Marty has seen it all! He has had a front-row seat to see the birth, death, and rebirth of the high-yield bond market . . . several times over! In the Fourth Edition of Financial Statement Analysis, Marty clearly demonstrates that despite the enactment of Sarbanes-Oxley in 2002, and other attempts to curtail abuse of the system, one needs a critical analytical eye to be certain that management is not trying to obfuscate the truth. The case studies provide excellent and timely examples of some of the techniques that companies have used to mislead investors." —Edward Z. Emmer, former global head of Corporate and Government Ratings and Equity Research, Standard & Poor's "Those who read financial statements without understanding the strategic context in which they are written will land on the losing end of the gripping episodes with which bond-market legend Marty Fridson illustrates in the Fourth Edition of his classic reference, Financial Statement Analysis. And all of us who depend on the markets sending capital to its best use should hope that investors read this book first." —David Musto, Professor of Finance, the Wharton School of the University of Pennsylvania "This book rightly urges resolute skepticism when inspecting financial statements. Its great value, though, is in the plain-spoken stripping down of real-world and illustrative examples that show how to see past the numbers to the practicalities and incentives behind them—and so help analysts and journalists alike ask the right questions." —Richard Beales, Assistant Editor, Reuters Breakingviews

Details :

Genre : Business & Economics
Author by : Martin S. Fridson
Publisher : John Wiley & Sons
Release : 2011-06-01
File : 400 Pages
ISBN-13 : 1118064208


Financial Statements

Financial Statements

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SUMMARY:

Provides an introduction to financial accounting for non-financial managers by way of a transaction-based, business training tool. Includes real-life examples of how financial statements are built and how they interact to present a true financial picture of the enterprise.

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Genre : Business & Economics
Author by : Thomas R. Ittelson
Publisher : Red Wheel/Weiser
Release : 2009-01-01
File : 285 Pages
ISBN-13 : 9781601630230


Fraud In Financial Statements

Fraud In Financial Statements

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SUMMARY:

As the monetary cost of fraud escalates globally, and the ensuing confidence in financial markets deteriorates, the international demand for quality in financial statements intensifies. But what constitutes quality in financial statements? This book examines financial statement fraud, a topical and increasingly challenging area for financial accounting, business, and the law. Evidence shows that accounting anomalies in an organization’s financial statements diminish the quality and serviceability of financial information. However, an anomaly does not necessarily signal fraud. Financial statement fraud is intended to mislead shareholders and other stakeholders. In this book, elements that underpin diversity of accounting anomalies likely found in fraudulent financial accounting statements are revealed. Multiple research methods are used in the analysis of selected international fraud cases, each illustrating examples of financial statement fraud, including: revenue recognition, overstatement and/or misappropriation of assets, understatement of expenses and liabilities, disclosure fraud, bribery and corruption. Additionally, the phoenix phenomenon with regard to fraud in financial accounting is investigated. Drawing on documented observations of commercial and legal cases globally this study highlights the necessity for continued development of financial audit practices and other audit services.

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Genre : Business & Economics
Author by : Julie E. Margret
Publisher : Routledge
Release : 2014-11-27
File : 146 Pages
ISBN-13 : 9781317804369


Warren Buffett Accounting Book

Warren Buffett Accounting Book

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"Teaches essential accounting terminology and techniques that serious stock investors need to know." -- Preface

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Genre : Business & Economics
Author by : Preston Pysh
Publisher :
Release : 2014-05-01
File : 256 Pages
ISBN-13 : 1939370159


Understanding Financial Statements

Understanding Financial Statements

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SUMMARY:

This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. A supplementary text for a variety of Business courses, including Financial Statement Analysis, Investments, Personal ¿Finance, and Financial Planning and Analysis ¿ An Analytical Approach to Understanding and Interpreting Business Financial Statements ¿ Understanding Financial Statements improves the student’s ability to translate a financial statement into a meaningful map for business decisions. The material covered in each chapter helps students approach financial statements with enhanced confidence and understanding of a firm’s historical, current, and prospective financial condition and performance. The Eleventh Edition includes new case studies based on existing companies and enhanced learning tools to help students quickly grasp and apply the materials. Fraser and Ormiston presents material in an engaging fashion that helps readers make sense of complex financial information, leading to intelligent (and profitable!) decision-making.

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Genre : Business & Economics
Author by : Lyn M. Fraser
Publisher : Pearson
Release : 2015-01-05
File : 380 Pages
ISBN-13 : 9780133870671


Analysing Financial Statements For Non Specialists

Analysing Financial Statements For Non Specialists

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SUMMARY:

All business organizations produce financial statements, and the information communicated (or hidden) in these is relevant to a wide range of users. After a number of recent financial scandals from banks to supermarkets, the need to fully understand financial statements has never been so imperative, and the topic itself so pertinent. With updated examples to reflect the current business environment, including new material on the ethical considerations, and a wider array of business examples, from retail to services and banks, O’Hare continues to demist financial statements for non-specialists. In this new and refreshed edition, he once again covers the topic in an accessible way and assumes no prior training or study in accounting. Offering a range of extra resources, including end of chapter questions, topics for further discussion and brimming with real-world examples, this concise new edition provides a comprehensive resource that will be welcomed by lecturers and instructors charged with delivering classes on financial statements.

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Genre : Business & Economics
Author by : Jim O'Hare
Publisher : Taylor & Francis
Release : 2016-10-26
File : 140 Pages
ISBN-13 : 9781317247029


Warren Buffett And The Interpretation Of Financial Statements

Warren Buffett And The Interpretation Of Financial Statements

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SUMMARY:

With an insider's view of the mind of the master, Mary Buffett and David Clark have written a simple guide for reading financial statements from Buffett's successful perspective. They clearly outline Warren Buffett's strategies in a way that will appeal to newcomers and seasoned Buffettologists alike. Inspired by the seminal work of Buffett's mentor, Benjamin Graham, this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself. Destined to become a classic in the world of investment books, Warren Buffett and the Interpretation of Financial Statements is the perfect companion volume to The New Buffettology and The Tao of Warren Buffett.

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Genre : Business & Economics
Author by : Mary Buffett
Publisher : Simon and Schuster
Release : 2011-01-06
File : 224 Pages
ISBN-13 : 9781849833240


The Interpretation Of Financial Statements

The Interpretation Of Financial Statements

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SUMMARY:

"All investors, from beginners to old hands, should gain from the use of this guide, as I have." From the Introduction by Michael F. Price, president, Franklin Mutual Advisors, Inc. Benjamin Graham has been called the most important investment thinker of the twentieth century. As a master investor, pioneering stock analyst, and mentor to investment superstars, he has no peer. The volume you hold in your hands is Graham's timeless guide to interpreting and understanding financial statements. It has long been out of print, but now joins Graham's other masterpieces, The Intelligent Investor and Security Analysis, as the three priceless keys to understanding Graham and value investing. The advice he offers in this book is as useful and prescient today as it was sixty years ago. As he writes in the preface, "if you have precise information as to a company's present financial position and its past earnings record, you are better equipped to gauge its future possibilities. And this is the essential function and value of security analysis." Written just three years after his landmark Security Analysis, The Interpretation of Financial Statements gets to the heart of the master's ideas on value investing in astonishingly few pages. Readers will learn to analyze a company's balance sheets and income statements and arrive at a true understanding of its financial position and earnings record. Graham provides simple tests any reader can apply to determine the financial health and well-being of any company. This volume is an exact text replica of the first edition of The Interpretation of Financial Statements, published by Harper & Brothers in 1937. Graham's original language has been restored, and readers can be assured that every idea and technique presented here appears exactly as Graham intended. Highly practical and accessible, it is an essential guide for all business people--and makes the perfect companion volume to Graham's investment masterpiece The Intelligent Investor.

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Genre : Business & Economics
Author by : Benjamin Graham
Publisher : Harper Collins
Release : 1998-05-06
File : 144 Pages
ISBN-13 : 9780887309137


Financial Statement Analysis Workbook

Financial Statement Analysis Workbook

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SUMMARY:

All too often, financial statements conceal more than they reveal.Even after the recent economic crisis, those analyzing financialstatements face serious new concerns and challenges. The FourthEdition of Financial Statement Analysis skillfully puts thisdiscipline in perspective, and now, with this companion Workbook,you can hone your skills and test the knowledge you've gained fromthe actual text, before putting them to work in real-worldsituations. Question-and-answer sections within this Workbookcorrespond to each chapter of Financial Statement Analysis,Fourth Edition. Part One (Questions) provides chapter-by-chapterfill-in-the-blank questions, as well as financial statement andcomputational exercises. They are designed to be thought-provokingand require analysis and synthesis of the concepts covered in thebook. The answers to all questions, which can be found in Part Two,are provided in boldfaced italic type in order to facilitate thechecking of answers and comprehension of material. By enhancing your understanding of financial statement analysis,you can begin to undertake genuine, goal-oriented analysis andprepare for the practical challenges of contemporary business. Thisreliable resource will help you achieve such a difficult goal andallow you to make more informed decisions—whether you'reevaluating a company's stock price or determining valuations for amerger or acquisition.

Details :

Genre : Business & Economics
Author by : Martin S. Fridson
Publisher : John Wiley & Sons
Release : 2011-06-03
File : 208 Pages
ISBN-13 : 1118097491