Keys to Reading an Annual Report (Barron's Business Keys Ser.)

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Author: George T. Friedlob Ph.D.

ISBN-10: 0764139150

ISBN-13: 9780764139154

Category: Auditing

Over the years, the titles in this popular series have helped ordinary consumers understand principles of prudent money management as a key to personal financial security. Written by experienced financial and investment specialists, Barron's Business Keys use non-technical language that takes the mystery out of business practices. They offer up-to-date advice on saving, investing, seeking mortgages and other loans, protecting one's assets, coping with taxes, and managing many other...

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(back cover) Titles in Barron's Business Keys series present easy-to-understand advice on prudent financial planning, saving, investing, getting loans and mortgages, buying and selling real estate, and dealing with other aspects of money and investment. This updated edition advises investors on how to cut through public relations jargon, focus on an annual report's important facts and figures, and use that information to assess a company's financial health.

Understanding Annual Report ComponentsUnderstanding This Book     1What Is an Annual Report?     3Highlights, Letter, and Management's Discussion and Analysis     5Financial Statements and Notes     7Annual Reports on the Internet     9Understanding Financial StatementsBasic Accounting Principles     12Materiality     16Note One     18Notes on Commitments, Including Leases and Contingent Liabilities     20Notes Relating to Pension and Post-Retirement Benefits     24Segmental and Company-Wide Information     28Management Evaluation of Disclosure Controls and Procedures     31Audit Reports     33Reports Required by Sarbanes-Oxley     37Compilation and Review Reports     40SEC Forms 10-K, 10-Q, and 8-K     43Components of the Balance Sheet     46Current Assets     51Cash and Receivables     53Inventories     56Property, Plant and Equipment     59Depreciation     61Intangibles and Other Assets     66Depletion and Amortization     69Investments     71CurrentLiabilities     77Noncurrent Liabilities     79Bonds and Amortization     83Owners' Equity     86Classes of Stock     88Treasury Stock     93Retained Earnings and Appropriations     95Donated Capital and Subscribed Stock     97Stock Issued to Employees     99Income Statement Components     104Sales and Other Revenues     109Bad Debts     112Cost of Goods Sold and Inventories     114Manufacturing Costs     117Operating Expenses     119Discontinued Operations     121Extraordinary Items     125Taxes and Tax Deferrals     128Comprehensive Income     132Derivatives     135Accrual Accounting Versus Cash Flow     140Statement of Cash Flows     142Consolidated Financial Statements     144Quarterly Statements     148Earnings Per Share     150Analyzing Financial StatementsRatio Analysis     154Profitability Ratios     157Activity Ratios     160Liquidity Ratios     162Cash Flow Ratios and Quality of Earnings     164Overall (Debt and Equity) Ratios     166Operating and Financial Leverage     168Common Size Statements     172Financial Statement Comparability     175Annual Reports of Foreign Companies     178Questions and Answers     181Glossary     185Actual Annual Report     192Index     203