读懂财务报表 第5版PDF电子书下载

CHAPTER1 Financial Statements：An Overview 1

Map or Maze 1

Organization 2

Usefulness 4

Volume of Information 4

The Financial Statements 5

Notes to the Financial Statements 5

Auditor s Report 9

Other Required Information 14

Pandora（a.k.a“PR Fluff”） 15

Complexity 16

Alphabet Soup 16

Mythical Mountain 18

Quality of Financial Reporting 23

Accounting Policies,Estimates—Choices and Changes 23

Timing of Revenue and Expense Recognition 25

Discretionary Items 26

Nonrecurring and Nonoperating Items 27

Impact of Inflation 28

Missing and Hard-to-Find Information 31

Self-Test 33

Study Questions and Problems 36

La-Z-Boy Mini-Case 37

Chambers Development Company,Inc.Mini-Case 42

CHAPTER2 The Balance Sheet 49

Financial Condition 49

Consolidation 50

Balance Sheet Date 50

Comparative Data 50

Assets 50

Current Assets 50

Cash and Marketable Securities 52

Accounts Receivable 53

Inventories 55

Inventory Accounting Methods 56

Prepaid Expenses 58

Property,Plant,and Equipment 59

Other Assets 61

Liabilities 61

Current Liabilities 61

Accounts Payable 62

Notes Payable 62

Current Maturities of Long-Term Debt 63

Accrued Liabilities 63

Unearned Revenue or Deferred Credits 63

Deferred Federal Income Taxes 64

Long-Term Debt 66

Other Liabilities 66

Retained Earnings 67

Additional Paid-In Capital 67

Common Stock 67

Stockholders Equity 67

Other Equity Accounts 68

Other Balance Sheet Items 69

Self-Test 69

Study Questions and Problems 73

Intel Corporation Mini-Case 75

The Rival Company Mini-Case 80

CHAPTER3 The Income Statement and Statement of Retained Earnings 86

The Income Statement 87

Net Sales 89

Cost of Goods Sold 90

Gross Profit 91

Operating Expense 91

Depreciation and Amortization 92

Operating Profit 93

Earnings Before Income Taxes 94

Other Income（Expense 94

Net Earnings 95

Earnings Per Common Share 95

The Statement of Retained Earnings 96

Statement of Shareholders Equity 97

Other Issues—Cost vs.Equity Method 99

Earnings Quality,Inflation,Cash Flow,Segmental Accounting 100

Self-Test 101

Study Questions and Problems 105

Time Warner Mini-Case 107

IBM Corporation Mini-Case 110

CHAPTER4 Statement of Cash Flows 114

Preparing a Statement of Cash Flows 116

Calculating Cash Flow From Operating Activities 121

Direct Method 121

Indirect Method 123

Cash Flow from Financing Activities 125

Cash Flow from Investing Activities 125

Change in Cash 126

Analyzing the Statement of Cash Flows 126

Cash Flow from Operations 126

Nocash Corporation 128

Help from a Statement of Cash Flows 130

Summary Analysis of the Statement of Cash Flows 131

Supplement to Chapter4:Adjusting Net Income from Accrual to Cash—An Illustration 133

Self-Test 135

Study Questions and Problems 139

PetsMart Mini-Case 145

Royal Appliance Mfg.Co.and Subsidiaries Mini-Case 147

CHAPTER5 The Analysis of Financial Statements 150

Objectives of the Analysis 150

Sources of Information 151

Auditor s Report 151

Other Sources 152

Form 10-K and Form 10-Q 152

Management s Discussion and Analysis 152

Supplementary Schedules 152

Tools and Techniques 153

Common Size Financial Statements 154

Key Financial Ratios 156

Liquidity Ratios:Short-Term Solvency 157

Activity Ratios:Asset Liquidity,Asset Management Efficiency 160

Leverage Ratios:Debt Financing and Coverage 163

Profitability Ratios:Overall Efficiency and Performance 165

Analyzing the Data 167

Background:Economy,Industry,and Firm 168

Short-Term Liquidity 169

Net Trade Cycle 171

Capital Structure and Long-Term Solvency 172

Example of Financial Leverage 172

Operating Efficiency and Profitability 175

Ratio Analysis summary 177

Projections,Pro Formas,and Market Ratios 178

Summary of Analysis 180

Map 181

Self-Test 181

Study Questions and Problems 186

First Team Sports,Inc.Mini-Case 200

L.A.Gear,Inc.Mini-Case 207

Appendixes 213

A A Guide to Earnings Quality 213

B The Analysis of Segmental Data 227

C Understanding Bank Financial Statements 235

D Solutions to Self-Tests 245

E Summary of Financial Ratios 247

F Glossary 249

Index 261