The Analysis and Use of Financial Statements

764 Pages·2002·20.49 MB·English

by  Gerald I. White

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FRAMEWORK FOR FINANCIAL
STATEMENT ANALYSIS
CHAPTER OUTliNE
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INTRODUCTION PRINCIPAL FINANCIAL STATEMENTS
The Shc·d
Balanc~
NEED FOR FINANCIAL STATEMENT ANAlYSIS
-J he Income '>t.ltcmclll
FOCUS ON INVESTMENT llECISIONS Fie men!\ of ;/J(' lm onw Si<ilt'tnt'.'//
Statement of Cornprchcmi\·C Income
( of User'
")a,s~<
Statement ,1· (_ a'h
F lllmK 1.11 lnfonnatam ami ( ·1 p ita I M<ll k~t' Flow~
Stawment of Stockhold~r; Lq Uit y
THE FI"'ANCIAL REPORTING SYSTEM ~oonwtc'
C Pnlmgcncic:<
Supplementary Schedule'
THE U.S. FINANCIAL REPORTING SYSTEM
and E.xchangc (_ omn11 "'""
Scntnlt~'
OTHER SOURCES OF FINi\NClAL INFORMATION
Accounting Standard' Board
i"tn~Jl(l~[
Managemem lll>'Cu'""ll and Analy"'
I '4S/I ( ""' Cf!l1ml f'rume11·ork
Other llata Source'
INTERNATIONAL ACCOUNTING STANDARDS ROlE OF THE AUDITOR
I ntCJTIHltonal Organizalion c>f Sc·curitlc'> C ommi~'>t(m; Reporllng on Unccrtainltc'
lntcrnillton<li Accounting Standdr<l' Floard Other Auditor Service'
Luropc'm Ftnancml R~poning Standard' Changmg Audnor,
Auditing Out>tdc of the I Jmte<.l States
SEC REPORTING REQUIREMENTS FOR FOREIGN
REGISTRANTS SUMMARY
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CHAPTER OBJECTIVES
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Thl· oftbt> chapter arc to. 4. Rcviev. the' element' c)f thG FASFI'-; conc~ptual
g<,~ls
framework.
I. Explain \\hy tlnanc al >tatcmGnt analJ,;t-;" needed.
5. D"euss the progrcs.1 in setting glob,il ac·countmg
2, the general pnnc1plcs o1thc Ammctal rcpon
D"n'~'
and the mk of the International Ac<.·ount
st~nd<1rds
mg system.
tng Standards BoanL
J. Ccnnparc tbc role' of th~ ~in;mc·t"l A.:<:ounttng Stan
dards 13oard ami the Sc·curinc~ ami k>;d,angc (om 6. t-lne!ly dcsctihe th" princtpal ti11anetal >lal~mento:
Balance Sheet, Income Statement_ Statement c>l'
mJS,ton in scttmg l:.';, (j_\AP
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