International Financial Statement Analysis Workbook

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International Financial Statement Analysis provides the most up-to-date detail for the successful assessment of company performance and financial positions. This rich, clear reference covers all aspects from financial reporting mechanics and standards to understanding income and balance sheets. Comprehensive guidance toward effective analysis techniques helps readers make real-world use of the knowledge presented, with this new third edition containing the most current standards and methods for the post-crisis world. Coverage includes the complete statement analysis process, plus information on income tax accounting, employee compensation, and the impact of foreign exchange rates on the statements of multinational corporations.

Understand the accounting mechanics behind financial reporting

Discover the differences between statements from around the world

Learn how each financial statement element affects securities valuation

Master analysis for clues into operations and risk characteristics

International Financial Statement Analysis provides the latest rules and best practices, with clarity and expert advice.

International Financial Statement Analysis Workbook helps busy professionals understand and apply the concepts and methodologies essential to accurate financial analysis. A companion to the IFSA text, this workbook offers learning objectives, chapter summaries, and practice problems that reinforce the practitioner-oriented material to give readers the confidence they need before applying these concepts to real cases. Readers will test their understanding of the standards and mechanics of financial reporting, and make use of the tools and techniques described in the text. This informative study guide is designed to facilitate information retention, helping readers build a strong foundation in financial statement analysis, with practical applications across borders.

The volatile global economy makes accurate international financial statement analysis a valuable skill, where insufficient mastery makes precise valuation impossible. International Financial Statement Analysis provides the most up-to-date knowledge, and this workbook offers readers a chance to practice applying that knowledge with carefully constructed problems.

Work topic-specific practice problems to facilitate intuitive understanding

Review each topic quickly using clear chapter summaries

Understand each chapter's objective to avoid missing key information

Practice important methods and techniques before applying them in the real world

It's impossible to tell how well a subject is mastered without applying the relevant concepts to a real-life situation. Valuation depends upon an accurate financial analysis, and practitioners need a solid grasp of the standards, formats, and documentation they may encounter on the international level. Practice makes perfect, and International Financial Statement Analysis Workbook provides plenty of practice and essential tools for understanding.

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#Бизнес-книги #Зарубежная литература #Бухучет / налогообложение / аудит #Финансы

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CFA Institute is the premier association for investment professionals around the world, with over 124,000 members in 145 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.

INTERNATIONAL FINANCIAL

STATEMENT ANALYSIS WORKBOOK

Third Edition

Thomas R. Robinson, CFA

Elaine Henry, CFA

Wendy L. Pirie, CFA

Michael A. Broihahn, CFA

Cover image: © iStock.com / BreatheFitness

Cover design: Wiley

Published by John Wiley & Sons, Inc., Hoboken, New Jersey.

The First and Second Editions of this book were published by Wiley in 2008 and 2012 respectively.

Published simultaneously in Canada.

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ISBN 978-1-118-99948-6 (Hardcover)

ISBN 978-1-119-02971-7 (ePDF)

ISBN 978-1-119-02972-4 (ePub)

PART I

LEARNING OUTCOMES, SUMMARY OVERVIEW, AND PROBLEMS

CHAPTER 1

FINANCIAL STATEMENT ANALYSIS: AN INTRODUCTION

LEARNING OUTCOMES

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

● describe the roles of financial reporting and financial statement analysis;

● describe the roles of the key financial statements (statement of financial position, statement of comprehensive income, statement of changes in equity, and statement of cash flows) in evaluating a company's performance and financial position;

● describe the importance of financial statement notes and supplementary information – including disclosures of accounting policies, methods, and estimates – and management's commentary;

● describe the objective of audits of financial statements, the types of audit reports, and the importance of effective internal controls;

● identify and describe information sources that analysts use in financial statement analysis besides annual financial statements and supplementary information;

● describe the steps in the financial statement analysis framework.

SUMMARY OVERVIEW

● The primary purpose of financial reports is to provide information and data about a company's financial position and performance, including profitability and cash flows. The information presented in financial reports – including the financial statements and notes – and other reports – including management's commentary or management's discussion and analysis – allows the financial analyst to assess a company's financial position and performance and trends in that performance.

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