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020 _a9781119457145
_q(hardcover)
020 _a9781119457176
020 _a1119457173
020 _a9781119457169
020 _a1119457165
020 _a9781119457190
020 _a111945719X
024 7 _a10.1002/9781119457176
_2doi
035 _a(MiAaPQ)EBC6953218
035 _a(Au-PeEL)EBL6953218
035 _a(CKB)21511122000041
035 _a(CaSebORM)9781119457145
035 _a(OCoLC)1312173636
035 _a(OCoLC-P)1312173636
035 _a(Perlego)3462064
035 _a(EXLCZ)9921511122000041
040 _aMiAaPQ
_beng
_erda
_epn
_cMiAaPQ
_dMiAaPQ
041 _aEnglish
043 _aff-----
050 4 _aHF5681.B2
_b.F753 2022
100 _aFridson, Martin S
_eauthor.
_921097
245 1 0 _aFinancial statement analysis
_b: a practitioner's guide
_c/ Martin S. Fridson and Fernando Alvarez.
250 _aFifth edition.
264 1 _aHoboken, New Jersey :
_bJohn Wiley & Sons,
_c[2022]
264 4 _c©2022
300 _axvi, 428 pages : ǂb illustrations (some color)
490 1 _aWiley Finance Series.
504 _aIncludes bibliographical references and index.
505 0 _aPart 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.
520 _aThe 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.
650 0 _aFinancial statements
_92479
650 0 _aRatio analysis
_911414
700 _aAlvarez, Fernando
_d1964-
_eauthor.
830 0 _aWiley Finance Series.
856 _uhttps://research.ebsco.com/plink/b8ddb86e-80f4-3a55-8979-6ad93450ce6d
942 _2lcc
999 _c5406
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