Details

The Comprehensive Guide on How to Read a Financial Report


The Comprehensive Guide on How to Read a Financial Report

Wringing Vital Signs Out of the Numbers
1. Aufl.

von: John A. Tracy, Tage C. Tracy

25,99 €

Verlag: Wiley
Format: PDF
Veröffentl.: 17.01.2014
ISBN/EAN: 9781118820834
Sprache: englisch
Anzahl Seiten: 352

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Beschreibungen

<b>A comprehensive guide to reading and understanding financial reports</b> <p>Financial reports provide vital information to investors, lenders, and managers. Yet, the financial statements in a financial report seem to be written in a foreign language that only accountants can understand. This comprehensive version of <i>How to Read a Financial Report</i> breaks through that language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. The book features new information on the move toward separate financial and accounting reporting standards for private companies, the emergence of websites offering financial information, pending changes in the auditor's report language and what this means to investors, and requirements for XBRL tagging in reporting to the SEC, among other topics.</p> <ul> <li>Makes it easy to understand what financial reports <i>really</i> say</li> <li>Updated to include the latest information financial reporting standards and regulatory changes</li> <li>Written by an author team with a combined 50-plus years of experience in financial accounting</li> <li>This comprehensive edition includes an ancillary website containing valuable additional resources</li> </ul> <p>With this comprehensive version of <i>How to Read a Financial Report</i>, investors will find everything they need to fully understand the profit, cash flow, and financial condition of any business.</p>
<p>List of Exhibits ix</p> <p>Preface xv</p> <p><b>Part One—Financial Report Fundamentals</b></p> <p>1 Financial Statement Basics: The Real Meat and Potatoes of Financial Reports 3</p> <p>2 Starting with Cash Flows 13</p> <p>3 Mastering the Balance Sheet 21</p> <p>4 Understanding Profit 31</p> <p>5 Profit isn’t Everything and All Things 43</p> <p><b>Part Two—Working Capital Connections</b></p> <p>6 Our Case Study—Company Introductions 55</p> <p>7 Sales Revenue, Trade Accounts Receivable, and Deferred Revenue 65</p> <p>8 Cost(s) of Goods Sold Expense and Inventory 77</p> <p>9 Inventory and Accounts Payable 89</p> <p>10 Operating Expenses and Accounts Payable 99</p> <p>11 Accruing Liabilities for Incurred but Unpaid Expenses 109</p> <p>12 Income Tax Expense—A Liability and Asset? 117</p> <p><b>Part Three—Financial Capital Connections and Cash Flows</b></p> <p>13 Our Case Study—Company Updates and Assessments 129</p> <p>14 Long-Term Assets and Depreciation, Amortization, and Other Expenses 139</p> <p>15 Long-Term Liabilities, Interest, and Other Expenses 151</p> <p>16 Net Income, Retained Earnings, Equity, and Earnings per Share (EPS) 163</p> <p>17 Cash Flow from Operating (Profit-Making) Activities 173</p> <p>18 Cash Flows from Investing and Financing Activities 183</p> <p><b>Part Four—Financial Report Analysis</b></p> <p>19 Expansion and Contraction Impacts on Cash Flow 195</p> <p>20 What is EBITDA and Why is it Important? 211</p> <p>21 Financial Statement Footnotes—The Devil’s in the Details 217</p> <p>22 Financial Statement Ratios—Calculating and Understanding 229</p> <p>23 Profit Analysis for Business Managers 245</p> <p>24 Our Case Study and the Moral of the Story—The Good, the Bad, and the Ugly 259</p> <p><b>Part Five—Financial Report Truthfulness</b></p> <p>25 Choosing Accounting Methods and Massaging the Numbers 273</p> <p>26 Audits of Financial Reports 285</p> <p>27 Small Business Financial Reporting 299</p> <p>28 Basic Questions, Basic Answers, No BS 309</p> <p>About the Authors 319</p> <p>About the Companion Website 321</p> <p>Index 323</p>
<p><b>JOHN A. TRACY</b> is a successful financial accounting author. In addition to all eight editions of this book, he is the author of a number of books including the best-selling <i>Accounting For Dummies</i>.</p> <p><b>TAGE C. TRACY</b> heads a consulting firm specializing in providing executive-level financial and accounting management resources on a project and/or interim basis. He has worked with companies in an array of industries ranging from web-based technology/solutions to manufacturing to retail to professional service organizations and finance. In addition, Tage has co-authored <i>Cash Flow For Dummies</i> and <i>Small Business Financial Management Kit For Dummies</i> with his father.</p>
<p>Praise for <i>How to Read a Financial Report</i></p> <p>"What distinguishes Tracy's efforts from other manuals is an innovative structure that visually ties together elements of the balance sheet and income statement by tracing where and how a line item in one affects an entry in another."—<i>Inc.</i></p> <p>"An excellent job of showing how to separate the wheat from the chaff without choking in the process."—<i>The Miami Herald</i></p> <p>"A wonderful book organized logically and written clearly. For a Fool to be an effective investor, she has to know her way around a financial statement. This book will help you develop that skill. It's the clearest presentation of many accounting concepts that this Fool has seen."—Selena Maranjian, <i>The Motley Fool</i></p>

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