Umfang:
1 Online-Ressource (447 Seiten)
Ausgabe:
5th ed
ISBN:
9781119457190
Serie:
Wiley Finance Ser
Anmerkung:
Cover -- Title Page -- Copyright -- Dedication -- Contents -- Preface to Fifth Edition -- Acknowledgments -- 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
,
Time‐Shifting at Freddie Mac -- Conclusion -- Chapter 8 The Applications and Limitations of EBITDA -- EBIT, EBITDA, and Total Enterprise Value -- The Role of EBITDA in Credit Analysis -- Abusing EBITDA -- A More Comprehensive Cash Flow Measure -- Working Capital Adds Punch to Cash Flow Analysis -- Conclusion -- Chapter 9 The Reliability of Disclosure and Audits -- Where Was the Cash? -- Sloppiness Can Be a Red Flag -- How Manipulation Evades Detection -- Systematic Problems in Auditing -- Conclusion -- Chapter 10 Mergers‐and‐Acquisitions Accounting -- Goodwill Goes Bad -- Double Trouble -- Conclusion -- Chapter 11 Is Fraud Detectable? -- Telltale Signs of Manipulation -- Fraudsters Know Few Limits -- Enron: A Media Sensation -- HealthSouth's Excruciating Ordeal -- Milk and Other Liquid Assets -- Trouble Was Brewing at Luckin -- Conclusion -- Part 4 Forecasts and Security Analysis -- Chapter 12 Forecasting Financial Statements -- A Typical One‐Year Projection -- Sensitivity Analysis with Projected Financial Statements -- Projecting Financial Flexibility -- Pro Forma Financial Statements -- Multiyear Projections -- Conclusion -- Chapter 13 Credit Analysis -- Balance Sheet Ratios -- Income Statement Ratios -- Statement of Cash Flows Ratios -- Combination Ratios -- Relating Ratios to Credit Risk -- Conclusion -- Chapter 14 Equity Analysis -- The Dividend Discount Model -- The Price‐Earnings Ratio -- The Du Pont Formula -- Valuation through Restructuring Potential -- Advanced Equity Analysis -- Conclusion -- Notes -- Glossary -- Further Reading -- About the Authors -- Index -- EULA.
Weitere Ausg.:
Erscheint auch als Druck-Ausgabe Fridson, Martin S. Financial Statement Analysis Newark : John Wiley & Sons, Incorporated,c2022 ISBN 9781119457145
Sprache:
Englisch
Fachgebiete:
Wirtschaftswissenschaften
Schlagwort(e):
Bilanzanalyse
;
Jahresabschluss
;
Finanzanalyse
;
Jahresabschluss
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