How to Read a Financial Report: Wringing Vital Signs Out of the Numbers
How to Read a Financial Report Seventh Edition\ 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 Seventh Edition of How to Read a Financial Report breaks through the language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. The book helps you get a sure-handed grip on the profit, cash...
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Lurking somewhere amidst all the figures in a financial report is vitally important information about where a company has been and where it is headed. But without a guide to isolate and interpret those numbers, the dizzying array of columns and rows doesn't add up to a hill of beans. That's why thousands of professionals and savvy individuals have referred to this bestselling resource that shows anyone how to make sense of all those numbers. Updated throughout, this edition features new information on tax reform, depreciation methods, spotting fraudulent reporting, and recent FASB rulings. Also, all exhibits have been made easier to follow.
1Starting with Cash Flows12Introducing the Balance Sheet and Income Statement73Profit Isn't Everything174Sales Revenue and Accounts Receivable275Cost of Goods Sold Expense and Inventory336Inventory and Accounts Payable397Operating Expenses and Accounts Payable438Operating Expenses and Prepaid Expenses479Long-Term Operating Assets: Depreciation and Amortization Expense5110Accruing Unpaid Operating Expenses and Interest Expense6111Income Tax Expense and Income Tax Payable6712Net Income and Retained Earnings; Earnings per Share (EPS)7113Cash Flow from Profit and Loss7714Cash Flows from Investing and Financing Activities8515Growth, Decline, and Cash Flow8916Footnotes - The Fine Print in Financial Reports10117CPAs, Audits, and Audit Failures10918Choosing Accounting Methods and Quality of Earnings12519Making and Changing Accounting Standards13320Cost of Goods Sold Conundrum14721Depreciation Dilemmas15922Ratios for Creditors and Investors16723A Look Inside Management Accounting18124A Few Parting Comments191Index201
