INTRODUCTION TO FINANCIAL STATEMENT ANALYSIS-Chapter 5
Having financial statement numbers is not enough to answer the questions that financial statement users want answered. Chapter 5's innovative and comprehensive objectives are to present financial statement analysis as both a diagnosis--identifying where a firm has problems, and as a prognosis--predicting how a firm will perform in the future.
THE SARBANES-OXLEY ACT OF 2002 has been incorporated throughout the text and the end-of-chapter material. Real-world discussions of companies, such as ARTHUR ANDERSEN,ENRON, WORLDCOM, and TYCO provide the background and reasons for this congressional act and how it impacts financial reporting.
EARNINGS MANAGEMENT-In Chapter 6, an expanded discussion on Earnings Management presents the reasons, good and bed, for managing reported earnings.
CONSOLIDATED FINANCIAL STATEMENTS-An introduction to Consolidated Financial Statements in Chapter 13 provides the basics for understanding this topic. A simple example shows how consolidation works.
PRACTICE EXERCISES - Approximately 20 brief exercises per chapter have been added, perfect for in-class coverage or as an assignment.
JUDGMENT CALLS - You Decide! These new and unique end-of-chapter exercises make the student the decision-maker, reinforcing critical thinking and analytical skills.
PERSONAL TRAINER 3.0 - Students can complete exercises and problems online and receive immediate feedback with Personal Trainer. Students' results flow directly into your gradebook.
Part 1 Finacial Reporting and the Accounting Cycle
Part 2 Operating Activities
Part 3 Investing and Financing Activities
Part 4 Other Dimensions of Financial Reporting