LEADER 07225nam 2200553 450 001 9910677632203321 005 20230720122849.0 010 $a1-119-45716-5 010 $a1-119-45719-X 035 $a(MiAaPQ)EBC6953218 035 $a(Au-PeEL)EBL6953218 035 $a(CKB)21511122000041 035 $a(CaSebORM)9781119457145 035 $a(EXLCZ)9921511122000041 100 $a20221118d2022 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aFinancial statement analysis $ea practitioner's guide /$fMartin S. Fridson and Fernando Alvarez 205 $a5th edition. 210 1$aHoboken, New Jersey :$cJohn Wiley & Sons,$d[2022] 210 4$dİ2022 215 $a1 online resource (xvi, 428 pages) : ?b illustrations (some color) 225 1 $aWiley Finance Series. 311 08$aPrint version: Fridson, Martin S. Financial Statement Analysis Newark : John Wiley & Sons, Incorporated,c2022 9781119457145 320 $aIncludes bibliographical references and index. 327 $aPart 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. 327 $aTime?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. 330 $aThe updated, real-world guide to interpreting and unpacking GAAP and non-GAAP financial statements In Financial Statement Analysis, 5th 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. Rather than taking financial statements at face value, you'll learn practical and straightforward analytical techniques for uncovering the reality behind the numbers. This fully revised and up-to-date 5th Edition offers fresh information that will help you to evaluate financial statements in today's volatile markets and uncertain economy. The declining connection between GAAP earnings and stock prices has introduced a need to discriminate between instructive and misleading non-GAAP alternatives. This book integrates the alternatives and provides guidance on understanding the extent to which non-GAAP reports, particularly from US companies, may be biased. Understanding financial statements is an essential skill for business professionals and investors. Most books on the subject proceed from the questionable premise that companies' objective is to present a true picture of their financial condition. A safer assumption is that they seek to minimize the cost of raising capital by portraying themselves in the most favorable light possible. Financial Statement Analysis teaches readers the tricks that companies use to mislead, so readers can more clearly interpret statements. Learn how to read and understand financial statements prepared according to GAAP and non-GAAP standards Compare CFROI, EVA, Valens, and other non-GAAP methodologies to determine how accurate companies' reports are Improve your business decision making, stock valuations, or merger and acquisition strategy Develop the essential skill of quickly and accurately gathering and assessing information from financial statements of all types Professional analysts, investors, and students will gain valuable knowledge from this updated edition of the popular guide. Filled with real-life examples and expert advice, Financial Statement Analysis, 5th Edition, will help you interpret and unpack financial statements. 410 0$aWiley Finance Series. 410 0$aWiley Online Library ebooks. 606 $aRatio analysis 606 $aFinancial statements 606 $aCommerce 615 0$aRatio analysis. 615 0$aFinancial statements. 615 0$aCommerce. 676 $a657.3 700 $aFridson$b Martin S.$0900247 702 $aAlvarez$b Fernando$f1964- 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910677632203321 996 $aFinancial statement analysis$93061237 997 $aUNINA LEADER 03279nam 22005775 450 001 9910412147203321 005 20250609110039.0 010 $a3-030-50688-6 024 7 $a10.1007/978-3-030-50688-9 035 $a(CKB)4100000011363598 035 $a(MiAaPQ)EBC6274706 035 $a(DE-He213)978-3-030-50688-9 035 $a(PPN)255653344 035 $a(MiAaPQ)EBC6272983 035 $a(EXLCZ)994100000011363598 100 $a20200729d2020 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aAccounting, Cash Flow and Value Relevance /$fby Francesco Paolone 205 $a1st ed. 2020. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2020. 215 $a1 online resource (IX, 111 p. 17 illus., 12 illus. in color.) 225 1 $aSpringerBriefs in Accounting,$x2196-7873 311 08$a3-030-50687-8 327 $aIntroduction -- The Cash Flow Statement under IAS/IFRS -- The historical background of Cash Flow Statement: first evidences and contributions -- The Value Relevance of accounting information and cash flows: a review on prior studies and models -- Data analysis on EU and US listed companies -- Concluding remarks: the importance of Cash Flow Statement. 330 $aAlthough the concept ?Cash is King? is today widely recognized, the cash flow statement was rather neglected until the EU accounting regulators discovered its relevance in explaining the real value of the business. This book investigates the value relevance of the operating cash flow as reported under the International Financial Reporting Standards (IAS/IFRS) for the largest European listed companies and US listed companies in the past recent years. Using the model based on the valuation theory developed by Ohlson, which measures the market value of equity as a function of accounting variables, the author concludes that operating cash flow represents a significant variable in determining the value relevance of the largest European and US listed companies. These findings provide siginificant implications for standard setters and support the continued requirements for disclosure of cash flow information under IAS 7. 410 0$aSpringerBriefs in Accounting,$x2196-7873 606 $aAccounting 606 $aBookkeeping 606 $aBusiness enterprises?Finance 606 $aFinance 606 $aAccounting/Auditing$3https://scigraph.springernature.com/ontologies/product-market-codes/511000 606 $aBusiness Finance$3https://scigraph.springernature.com/ontologies/product-market-codes/512000 606 $aFinance, general$3https://scigraph.springernature.com/ontologies/product-market-codes/600000 615 0$aAccounting. 615 0$aBookkeeping. 615 0$aBusiness enterprises?Finance. 615 0$aFinance. 615 14$aAccounting/Auditing. 615 24$aBusiness Finance. 615 24$aFinance, general. 676 $a657 676 $a657.72 700 $aPaolone$b Francesco$4aut$4http://id.loc.gov/vocabulary/relators/aut$0765440 906 $aBOOK 912 $a9910412147203321 996 $aAccounting, Cash Flow and Value Relevance$92499627 997 $aUNINA