LEADER 05260nam 22006493u 450 001 9910139618203321 005 20230725050807.0 010 $a1-119-20148-9 010 $a1-283-17595-9 010 $a9786613175953 010 $a1-118-06418-6 035 $a(CKB)2550000000041362 035 $a(EBL)693253 035 $a(OCoLC)798314274 035 $a(MiAaPQ)EBC693253 035 $a(EXLCZ)992550000000041362 100 $a20131014d2011|||| u|| | 101 0 $aeng 135 $aur|n|---||||| 200 10$aFinancial Statement Analysis$b[electronic resource] $eA Practitioner's Guide 205 $a4th ed. 210 $aHoboken $cWiley$d2011 215 $a1 online resource (400 p.) 225 1 $aWiley Finance ;$vv.597 300 $aDescription based upon print version of record. 311 $a0-470-63560-6 320 $aIncludes bibliographical references and index. 327 $aFinancialStatementAnalysis; Contents; Preface to Fourth Edition; Acknowledgments; PART ONE 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 TWO 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? 327 $aLosing Value the Old-Fashioned WayTrue Equity Is Elusive; 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; Cash Flow and the Company Life Cycle; The Concept of Financial Flexibility; In Defense of Slack; Conclusion; PART THREE A Closer Look at Profits; CHAPTER 5 What Is Profit?; Bona Fide Profits versus Accounting Profits; What Is Revenue? 327 $aWhich Costs Count?How Far Can the Concept Be Stretched?; Conclusion; CHAPTER 6 Revenue Recognition; Channel-Stuffing in the Drug Business; A Second Take on Earnings; 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; Nortel's Deferred Profit Plan; Grasping for Earnings at General Motors; Time-Shifting at Freddie Mac; Conclusion 327 $aCHAPTER 8 The Applications and Limitations of EBITDAEBIT, 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; An Artful Deal; Death Duties; Systematic Problems in Auditing; Conclusion; CHAPTER 10 Mergers-and-Acquisitions Accounting; Maximizing Postacquisition Reported Earnings; Managing Acquisition Dates and Avoiding Restatements; Conclusion; CHAPTER 11 Is Fraud Detectable? 327 $aTelltale Signs of ManipulationFraudsters Know Few Limits; Enron: A Media Sensation; HealthSouth's Excruciating Ordeal; Milk and Other Liquid Assets; Conclusion; PART FOUR 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; Pro Forma Statements for Acquisitions; Multiyear Projections; Conclusion; CHAPTER 13 Credit Analysis; Balance Sheet Ratios; Income Statement Ratios; Statement of Cash Flows Ratios 327 $aCombination Ratios 330 $aAn updated guide to the essential discipline of financial statement analysis In Financial Statement Analysis, Fourth Edition, leading investment authority Martin Fridson returns with Fernando Alvarez to provide the analytical framework you need to scrutinize financial statements, whether you're evaluating a company's stock price or determining valuations for a merger or acquisition. This fully revised and up-to-date Fourth Edition offers fresh information that will help you to evaluate financial statements in today's volatile markets and uncertain economy, and allow yo 410 0$aWiley Finance 606 $aBUSINESS & ECONOMICS / Finance 606 $aFinancial statements 606 $aFinancial statements 606 $aRatio analysis 606 $aRatio analysis 615 4$aBUSINESS & ECONOMICS / Finance. 615 4$aFinancial statements. 615 4$aFinancial statements. 615 4$aRatio analysis. 615 4$aRatio analysis. 676 $a657.3 676 $a657/.3 686 $aBUS027000$2bisacsh 700 $aFridson$b Martin S$0900247 701 $aAlvarez$b Fernando$073173 801 0$bAU-PeEL 801 1$bAU-PeEL 801 2$bAU-PeEL 906 $aBOOK 912 $a9910139618203321 996 $aFinancial Statement Analysis$92066866 997 $aUNINA