05698nam a2200529 i 4500 9952612515005158 20260310113526.0 m o d | cr#cnu|||||||| 221118s2022 njua ob 001 0 eng d 9781119457145 (hardcover) 9781119457176 1119457173 9781119457169 1119457165 9781119457190 111945719X 10.1002/9781119457176 doi (MiAaPQ)EBC6953218 (Au-PeEL)EBL6953218 (CKB)21511122000041 (CaSebORM)9781119457145 (OCoLC)1312173636 (OCoLC-P)1312173636 (Perlego)3462064 (EXLCZ)9921511122000041 MiAaPQ eng rda pn MiAaPQ MiAaPQ English ff----- HF5681.B2 .F753 2022 Fridson, Martin S author. 21097 Financial statement analysis : a practitioner's guide / Martin S. Fridson and Fernando Alvarez. Fifth edition. Hoboken, New Jersey : John Wiley & Sons, [2022] ©2022 xvi, 428 pages : ǂb illustrations (some color) Wiley Finance Series. Includes bibliographical references and index. Part 1 Reading Between the Lines. Chapter 1. The Adversarial Nature of Financial Reporting ; The Purpose of Financial Reporting ; The Flaws in the Reasoning ; Small Profits and Big Baths ; Maximizing Growth Expectations ; Downplaying Contingencies ; The Importance of Being Skeptical ; Conclusion — Part 2. The Basic Financial Statements. Chapter 2. The Balance Sheet ; The Value Problem ; Comparability Problems in the Valuation of Financial Assets ; Instantaneous Wipeout of Value ; How Good Is Goodwill? ; Losing Value the Old‐Fashioned Way ; True Equity Is Elusive ; Book Value May Overstate Reality ; Pros and Cons of a Market‐Based Equity Figure ; The Common Form Balance Sheet ; Conclusion. Chapter 3. The Income Statement ; Making the Numbers Talk ; How Real Are the Numbers? ; Conclusion. Chapter 4. The Statement of Cash Flows ; The Cash Flow Statement and the Leveraged Buyout ; Analytical Applications ; In Defense of Slack ; Conclusion — Part 3. A Closer Look at Profits. Chapter 5. What Is Profit? ; Bona Fide Profits versus Accounting Profits ; Which Costs Count? ; Conclusion. Chapter 6. Revenue Recognition ; Making It Up at Gowex ; Globo's Foreseen Fall from Grace ; Channel‐Stuffing in the Drug Business ; A Second Take on Earnings ; Making the Numbers at M/A‐Com ; Astray on Layaway ; Recognizing Membership Fees ; A Potpourri of Liberal Revenue Recognition Techniques ; Fattening Earnings with Empty Calories ; Tardy Disclosure at Halliburton ; Managing Earnings with Rainy Day Reserves ; Fudging the Numbers: A Systematic Problem ; Conclusion. Chapter 7. Expense Recognition ; Diamond Foods's Movable Expenses ; Nortel's Deferred Profit Plan ; Grasping for Earnings at General Motors. The updated, real-world guide to interpreting and unpacking GAAP and non-GAAP financial statements In Financial Statement Analysis, 5th Edition, leading investment authority Martin Fridson returns with Fernando Alvarez to provide the analytical framework you need to scrutinize financial statements, whether you're evaluating a company's stock price or determining valuations for a merger or acquisition. Rather than taking financial statements at face value, you'll learn practical and straightforward analytical techniques for uncovering the reality behind the numbers. This fully revised and up-to-date 5th Edition offers fresh information that will help you to evaluate financial statements in today's volatile markets and uncertain economy. The declining connection between GAAP earnings and stock prices has introduced a need to discriminate between instructive and misleading non-GAAP alternatives. This book integrates the alternatives and provides guidance on understanding the extent to which non-GAAP reports, particularly from US companies, may be biased. Understanding financial statements is an essential skill for business professionals and investors. Most books on the subject proceed from the questionable premise that companies' objective is to present a true picture of their financial condition. A safer assumption is that they seek to minimize the cost of raising capital by portraying themselves in the most favorable light possible. Financial Statement Analysis teaches readers the tricks that companies use to mislead, so readers can more clearly interpret statements. Learn how to read and understand financial statements prepared according to GAAP and non-GAAP standards Compare CFROI, EVA, Valens, and other non-GAAP methodologies to determine how accurate companies' reports are Improve your business decision making, stock valuations, or merger and acquisition strategy Develop the essential skill of quickly and accurately gathering and assessing information from financial statements of all types Professional analysts, investors, and students will gain valuable knowledge from this updated edition of the popular guide. Filled with real-life examples and expert advice, Financial Statement Analysis, 5th Edition, will help you interpret and unpack financial statements. Financial statements 2479 Ratio analysis 11414 Alvarez, Fernando 1964- author. Wiley Finance Series. https://research.ebsco.com/plink/b8ddb86e-80f4-3a55-8979-6ad93450ce6d lcc 0 0 lcc 0 0 TBS TBS 2026-03-10 0 2026-03-10 1 https://research.ebsco.com/plink/b8ddb86e-80f4-3a55-8979-6ad93450ce6d 2026-03-10 EBOOK 0 0 lcc 0 0 TBS TBS 2026-03-10 0 HF5681.B2 FRID 2026-03-10 1 2026-03-10 1 PAPERBACK SOON AVAILABLE 5406 5406