第一章 财务报表：概述 1
Map or Maze 1
CHAPTER1 Financial Statements:An Overview 1
Organization 3
Usefulness 4
The Financial Statements 5
Votume of Information 5
Notes to the Financial Statements 9
前言 13
Preface 13
Auditor s Report 13
Uses of the Sixth Edition 14
第6版 的应用 14
Other Required Information 15
Features of the Sixth Edition 15
第6版 的特色 15
Pandora(A.K.A“PR Fluff”) 16
Complexity 17
Alphabet Soup 17
Acknowledgments 17
致谢 17
A Global Marketplace 19
Mythical Mountain 19
Other Discretionary Issues 22
More Complications 22
Quality of Financial Reporting 24
Accounting Policies, Estimates-Choices and Changes 25
Timing of Revenue and Expense Recognition 26
Discretionary Items 27
Non-recurring and Non-Operating Items 28
Impact of Inflation 30
Missing and Hard-to-Find Information 31
Self-Test 33
Study Questions and Problems 36
La-Z-Boy Mini-Case 38
Chambers Development Company Mini-Case 42
CHAPTER2 The Balance Sheet 50
第二章 资产负债表 50
Financial Condition 51
Consolidation 51
Balance Sheet Date 51
Assets 53
Current Assets 53
Comparative Data 53
Cash and Marketabte Securities 54
Accounts Receivable 55
Inventories 56
Inventory Accounting Methods 57
Prepaid Expenses 60
Property,Plant,and Equipment 60
Other Assets 62
Liabilities 63
Current Liabilities 63
Notes Payable 64
Current Maturities of Long-Term Debt 64
Accrued Liabilities 64
Accounts Payable 64
Unearned Revenue or Deferred Credits 65
Deferred Federal Income Taxes 65
Long-Term Debt 68
Other Liabilities 68
Stockholders Equity 69
Common Stock 69
Additional Paid-In Capital 69
Other Equity Accounts 70
Retained Eamings 70
Other Balance Sheet Items 71
Self-Test 72
Study Questions and Problems 76
Intel Corporation Mini-Case 79
The Rival Company Mini-Case 83
第三章 损益表及所有者权益表 90
CHAPTER3 Income‘Statement and Statement of Stockholders’Equity 90
The Income Statement 91
Net Sales 93
Cost of Goods Sold 94
Gross Profit 95
Operating Expense 95
Depreciation and Amortization 96
Operating Profit 97
Earnings Before Income Taxes 98
Net Earnings 98
Other Income(Expense) 98
Comprehensive Income 99
Earnings Per Common Share 99
The Statement of Stockholders Equity 100
Self-Test 106
Earnings Quality,Inflation,Cash Flow,Segmental Accounting 106
Study Questions and Problems 110
Time Warner Mini-Case 113
Compaq Computer Corporation Mini-Case 116
第四章 现金流量表 119
CHAPTER4 Statement of Cash Flows 119
Preparing a Statement of Cash Flows 120
Calculating Cash Flow from Operating Activities 125
Direct Method 125
Indirect Method 128
Cash Flow from Investing Activities 130
Cash Flow from Financing Activities 130
Change in Cash 131
Analyzing the Statement of Cash Flows 133
Cash Flow from Operations 133
Nocash Corporation 134
Help from a Statement of Cash Flows 136
Summary Analysis of the Statement of Cash Flows 137
Self-Test 138
Study Questions and Problems 142
PETsMART Mini-Case 148
Royal Appliance Mfg.Co.and Subsidiaries Mini-Case 151
CHAPTER5 The Analysis of Financial Statements 154
Objective of Analysis 154
第五章 财务报表分析 154
Management Discussion and Analysis 156
Auditor s Report 156
Supplementary Schedules 156
Form 10-K and Form 10-Q 156
Sources of Information 156
Other Sources 157
Tools and Techniques 158
Common Size Financial Statements 158
Key Financial Ratios 161
Liquidity Ratios:Short-Term Solvency 161
Activity Ratios:Asset Liquidity,Asset Management Efficiency 164
Leverage Ratios:Debt Financing and Coverage 167
Profitability Ratios:Overall Efficiency and Performance 169
Analyzing the Data 171
Background:Economy,Industry,and Firm 172
Short-Term Liquidity 173
Net Trade Cycle 175
Capital Structure and Long-Term Solvency 176
Example of Financial Leverage 176
Operating Efficiency and Profitability 179
Relating the Ratios-The Du Pont System 180
Projections,Pro Forma Statements,and Market Ratios 182
Summary of Analysis 183
Map 184
Self-Test 185
Study Questions and Problems 190
First Team Sports Inc.Mini-Case 205
L.A.Gear Inc.Mini-Case 213
Appendixes 219
A A Guide to Earnings Quality 219
附录 219
B The Analysis of Segmental Data 234
C Understanding Bank Financial Statements 241
D Solutions to Self-Tests 251
E Summary of Financial Ratios 253
F Glossary 255
Index 263
索引 263