International financial statement analysis / by Thomas R. Robinson, Elaine Henry & Michael A. Broihahn
By: Robinson, Thomas R.
Contributor(s): Henry, Elaine | Broihahn, Michael A.Publisher: Hoboken, N.J. : Wiley, 2020Edition: 4th ed.Description: xx, 978 p. ; electronic resource.ISBN: 9781119628057.Subject(s): Financial reporting | Analytical review | International accounting standardsOnline resources: Download as an eBook
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INTRODUCTION TO FINANCIAL STATEMENT ANALYSIS: Roles of financial reporting and financial statement analysis -- Primary financial statements and other information sources -- Financial statement analysis framework. FINANCIAL REPORTING STANDARDS: The objective of financial reporting -- Standard-setting bodies and regulatory authorities -- The international financial reporting standards framework -- Comparison of IFRS with alternative reporting systems -- Monitoring developments in financial reporting standards. UNDERSTANDING INCOME STATEMENTS: Components and format of the income statement -- Revenue recognition -- Expense recognition -- Non-recurring items and non-operating items -- Earnings per share -- Analysis of the income statement -- Comprehensive income. UNDERSTANDING BALANCE SHEETS: Components and format of the balance sheet -- Current assets and current liabilities -- Non-current assets -- Non-current liabilities -- Equity -- Analysis of the balance sheet. UNDERSTANDING CASH FLOW STATEMENTS: Components and format of the cash flow statement -- The cash flow statement: linkages and preparation -- Cash flow analysis. FINANCIAL ANALYSIS TECHNIQUES: The financial analysis process -- Analytical tools and techniques -- Common ratios used in financial analysis -- Equity analysis -- Credit analysis -- Business and geographic segments -- Model building and forecasting. INVENTORIES: Cost of inventories -- Inventory valuation methods -- The LIFO method -- Inventory method changes -- Inventory adjustments -- Evaluation of inventory management. LONG-LIVED ASSETS: Acquisition of long-lived assets -- Depreciation and amortization of long-lived assets -- The revaluation model -- Impairment of assets -- Derecognition -- Presentation and disclosures -- Investment property. INCOME TAXES: Differences between accounting profit and taxable income -- Determining the tax base of assets and liabilities -- Temporary and permanent differences between taxable and accounting profit -- Unused tax losses and tax credits -- Recognition and measurement of current and deferred tax -- Presentation and disclosure -- Comparison of IFRS and US GAAP. NON-CURRENT (LONG-TERM) LIABILITIES: Bonds payable -- Leases -- Introduction to pensions and other post-employment benefits -- Evaluating solvency: leverage and coverage ratios. FINANCIAL REPORTING QUALITY: Conceptual overview -- Context for assessing financial reporting quality -- Detection of financial reporting quality issues. APPLICATIONS OF FINANCIAL STATEMENT ANALYSIS: Application: evaluating past financial performance -- Application: projecting future financial performance -- Application: assessing credit risk -- Application: screening for potential equity investments -- Analyst adjustments to reported financials. INTERCORPORATE INVESTMENTS: Basic corporate investment categories -- Investments in financial assets: IFRS 9 -- Investments in associates and joint ventures -- Business combinations. EMPLOYEE COMPENSATION: POST-EMPLOYMENT AND SHARE-BASED: Pensions and other post-employment benefits -- Share-based compensation. MULTINATIONAL OPERATIONS: Foreign currency transactions -- Translation of foreign currency financial statements -- Multinational operations and a company's effective tax rate -- Additional disclosures on the effects of foreign currency. ANALYSIS OF FINANCIAL INSTITUTIONS: What makes financial institutions different? -- Analyzing a bank -- Analyzing an insurance company. EVALUATING QUALITY OF FINANCIAL REPORTS: Quality of financial reports -- Evaluating the quality of financial reports -- Earnings quality -- Cash flow quality -- Balance sheet quality -- Sources of information about risk. INTEGRATION OF FINANCIAL STATEMENT ANALYSIS TECHNIQUES: Case study: long-term equity investment.
Offers a clear reference to enable the successful analysis of financial statements, from financial reporting mechanisms to income and balance sheets. Examines income tax accounting, employee compensation and the impact of foreign exchange rates on the statements of multinational corporations.