How to Read a Financial Report: Wringing Vital Signs Out of the NumbersHidden somewhere among all the numbers in a financial report is vitally important information about where a company has been and where it is going. This is especially relevant in light of the current corporate scandals. The sixth edition of this bestselling book is designed to help anyone who works with financial reports--but has neither the time nor the need for an in-depth knowledge of accounting--cut through the maze of accounting information to find out what those numbers really mean. |
Contents
2 Introducing the Balance Sheet and Income Statement | 7 |
3 Profit Isnt Everything | 17 |
4 Sales Revenue and Accounts Receivable | 27 |
5 Cost of Goods Sold Expense and Inventory | 33 |
6 Inventory and Accounts Payable | 39 |
7 Operating Expenses and Accounts Payable | 43 |
8 Operating Expenses and Prepaid Expenses | 47 |
9 LongTerm Operating Assets Depreciation and Amortization Expense | 51 |
15 Growth Decline and Cash Flow | 89 |
16 FootnotesThe Fine Print in Financial Reports | 101 |
17 CPAs Audits and Audit Failures | 109 |
18 Choosing Accounting Methods and Quality of Earnings | 125 |
19 Making and Changing Accounting Standards | 133 |
20 Cost of Goods Sold Conundrum | 147 |
21 Depreciation Dilemmas | 159 |
22 Ratios for Creditors and Investors | 167 |
10 Accruing Unpaid Operating Expenses and Interest Expense | 61 |
11 Income Tax Expense and Income Tax Payable | 67 |
12 Net Income and Retained Earnings Earnings per Share EPS | 71 |
13 Cash Flow from Profit and Loss | 77 |
14 Cash Flows from Investing and Financing Activities | 85 |
Other editions - View all
How to Read a Financial Report: Wringing Vital Signs Out of the Numbers John A. Tracy No preview available - 2004 |
How to Read a Financial Report: Wringing Vital Signs Out of the Numbers John A. Tracy, CPA No preview available - 2004 |
Common terms and phrases
accepted accounting methods accounts payable accounts receivable Accrued Accumulated activities additional Amortization Expense amount annual audit auditors average balance sheet basic business managers called capital stock cash flow changes chapter company’s corporations cost counting course customers debt decrease depreciation expense determine disclosure Dollar earnings Equipment Equity example Exhibit explains financial reports financial statements fixed assets flow from profit footnotes fraud gross margin included income statement income tax increase Interest Expense inventory investment investors issued keep less liabilities LIFO long-term look managers means ment million Notes Payable operating assets operating expenses opinion options owners paid period Prepaid Expenses presented purchase ratio recorded Retained Earnings rules sales price sales revenue securities short Short-Term sold expense sources standards stock shares stockholders term tion units weeks
References to this book
The Practitioner's Guide to Investment Banking, Mergers & Acquisitions ... Jerilyn J. Castillo,Peter J. McAniff No preview available - 2007 |