International Financial Statement Analysis Workbook E-Book

Thomas R. Robinson

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Serie: The CFA Institute Series
• Sprache: Englisch

Seitenzahl: 236

Veröffentlichungsjahr: 2008

Beschreibung

To enhance your understanding of the tools and techniques presented in International Financial Statement Analysis, pick up the International Financial Statement Analysis Workbook. This companion study guide contains carefully constructed problems with detailed solutions as well as concise learning outcome statements and summary chapter overviews. With this Workbook, you can test your understanding of the many issues associated with this discipline, before putting them to use in real-world situations. If you intend on acquiring a practical mastery of international financial statement analysis, this informative guide can help you succeed.

Leseprobe

Table of Contents

Title Page

Copyright Page

PART I - LEARNING OUTCOMES, SUMMARY OVERVIEW, AND PROBLEMS

CHAPTER 1 - FINANCIAL STATEMENT ANALYSIS: AN INTRODUCTION

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 2 - FINANCIAL REPORTING MECHANICS

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 3 - FINANCIAL REPORTING STANDARDS

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 4 - UNDERSTANDING THE INCOME STATEMENT

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 5 - UNDERSTANDING THE BALANCE SHEET

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 6 - UNDERSTANDING THE CASH FLOW STATEMENT

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 7 - FINANCIAL ANALYSIS TECHNIQUES

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 8 - INTERNATIONAL STANDARDS CONVERGENCE

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 9 - FINANCIAL STATEMENT ANALYSIS: APPLICATIONS

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 10 - INVENTORIES

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 11 - LONG-LIVED ASSETS

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 12 - INCOME TAXES

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 13 - LONG-TERM LIABILITIES AND LEASES

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 14 - EMPLOYEE COMPENSATION: POSTRETIREMENT AND SHARE-BASED

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 15 - INTERCORPORATE INVESTMENTS

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 16 - MULTINATIONAL OPERATIONS

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

CHAPTER 17 - EVALUATING FINANCIAL REPORTING QUALITY

LEARNING OUTCOMES

SUMMARY OVERVIEW

PROBLEMS

PART II - SOLUTIONS

CHAPTER 1 - FINANCIAL STATEMENT ANALYSIS: AN INTRODUCTION

SOLUTIONS

CHAPTER 2 - FINANCIAL REPORTING MECHANICS

SOLUTIONS

CHAPTER 3 - FINANCIAL REPORTING STANDARDS

SOLUTIONS

CHAPTER 4 - UNDERSTANDING THE INCOME STATEMENT

SOLUTIONS

CHAPTER 5 - UNDERSTANDING THE BALANCE SHEET

SOLUTIONS

CHAPTER 6 - UNDERSTANDING THE CASH FLOW STATEMENT

SOLUTIONS

CHAPTER 7 - FINANCIAL ANALYSIS TECHNIQUES

SOLUTIONS

CHAPTER 8 - INTERNATIONAL STANDARDS CONVERGENCE

SOLUTIONS

CHAPTER 9 - FINANCIAL STATEMENT ANALYSIS: APPLICATIONS

SOLUTIONS

CHAPTER 10 - INVENTORIES

SOLUTIONS

CHAPTER 11 - LONG-LIVED ASSETS

SOLUTIONS

CHAPTER 12 - INCOME TAXES

SOLUTIONS

CHAPTER 13 - LONG-TERM LIABILITIES AND LEASES

SOLUTIONS

CHAPTER 14 - EMPLOYEE COMPENSATION: POSTRETIREMENT AND SHARE-BASED

SOLUTIONS

CHAPTER 15 - INTERCORPORATE INVESTMENTS

SOLUTIONS

CHAPTER 16 - MULTINATIONAL OPERATIONS

SOLUTIONS

CHAPTER 17 - EVALUATING FINANCIAL REPORTING QUALITY

SOLUTIONS

CFA Institute is the premier association for investment professionals around the world, with over 95,000 members in 134 countries. Since 1963 the organization has developed and administered the renowned Chartered Financial Analyst® Program. With a rich history of leading the investment profession, CFA Institute has set the highest standards in ethics, education, and professional excellence within the global investment community, and is the foremost authority on investment profession conduct and practice.

Each book in the CFA Institute Investment Series is geared toward industry practitioners, along with graduate-level finance students, and covers the most important topics in the industry. The authors of these cutting-edge books are themselves industry professionals and academics and bring their wealth of knowledge and expertise to this series.

Copyright © 2009 by CFA Institute. All rights reserved.

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eISBN : 978-0-470-46015-3

PART I

LEARNING OUTCOMES, SUMMARY OVERVIEW, AND PROBLEMS

CHAPTER 1

FINANCIAL STATEMENT ANALYSIS: AN INTRODUCTION

Thomas R. Robinson, CFA CFA InstituteCharlottesville, VirginiaHennie van Greuning, CFA World BankWashington, DCElaine Henry, CFA University of MiamiMiami, FloridaMichael A. Broihahn, CFA Barry UniversityMiami, Florida

LEARNING OUTCOMES

After completing this chapter, you will be able to do the following:

• Discuss the roles of financial reporting and financial statement analysis.

• Discuss the roles of the key financial statements (income statement, balance sheet, cash flow statement, and statement of changes in owners’ equity) in evaluating a company’s performance and financial position.

• Discuss the importance of financial statement notes and supplementary information (including disclosures of accounting methods, estimates, and assumptions) and management’s discussion and analysis.

• Discuss the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls.

• Identify and explain information sources besides annual financial statements and supplementary information that analysts use in financial statement analysis.

• Describe the steps in the financial statement analysis framework.

SUMMARY OVERVIEW

PROBLEMS

1. Providing information about the performance and financial position of companies so that users can make economic decisions best describes the role of

a. auditing.

b. financial reporting.

c. financial statement analysis.

2. A company’s current financial position would best be evaluated using the

a. balance sheet.

b. income statement.

c. cash flow statement.

3. A company’s profitability for a period would best be evaluated using the

a. balance sheet.

b. income statement.

c. cash flow statement.

4. Accounting methods, estimates, and assumptions used in preparing financial statements are found

a. in footnotes.

b. in the auditor’s report.

c. in the proxy statement.

5. Information about management and director compensation would best be found

a. in footnotes.

b. in the auditor’s report.

c. in the proxy statement.

6. Information about material events and uncertainties would best be found in

a. footnotes.

b. the proxy statement.

c. management’s discussion and analysis.

7. What type of audit opinion is preferred when analyzing financial statements?

a. Qualified.

b. Adverse.

c. Unqualified.

8. Ratios are an input into which step in the financial analysis framework?

a. Process data.

b. Collect input data.

c. Analyze/interpret the processed data.

CHAPTER 2

FINANCIAL REPORTING MECHANICS

Thomas R. Robinson, CFA CFA InstituteCharlottesville, VirginiaHennie van Greuning, CFA World BankWashington, DCElaine Henry, CFA Michael A. Broihahn, CFA