Financial statement analysis: using financial accounting information
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cincinnati, Ohio
South-Western Publ.
1992
|
| Ausgabe: | 5. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | Literaturverz. S. 769 - 778 |
| Beschreibung: | XVI, 783 S. |
| ISBN: | 0538821604 |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV005398661 | ||
| 003 | DE-604 | ||
| 005 | 20000406 | ||
| 007 | t | ||
| 008 | 920630s1992 |||| 00||| eng d | ||
| 020 | |a 0538821604 |9 0-538-82160-4 | ||
| 035 | |a (OCoLC)300072170 | ||
| 035 | |a (DE-599)BVBBV005398661 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-473 |a DE-824 | ||
| 084 | |a QP 800 |0 (DE-625)141940: |2 rvk | ||
| 100 | 1 | |a Gibson, Charles H. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Financial statement analysis |b using financial accounting information |c Charles H. Gibson |
| 250 | |a 5. ed. | ||
| 264 | 1 | |a Cincinnati, Ohio |b South-Western Publ. |c 1992 | |
| 300 | |a XVI, 783 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Literaturverz. S. 769 - 778 | ||
| 650 | 0 | 7 | |a Information |0 (DE-588)4026899-8 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Rechnungswesen |0 (DE-588)4048732-5 |2 gnd |9 rswk-swf |
| 655 | 4 | |a Matériel didactique | |
| 689 | 0 | 0 | |a Rechnungswesen |0 (DE-588)4048732-5 |D s |
| 689 | 0 | 1 | |a Information |0 (DE-588)4026899-8 |D s |
| 689 | 0 | |5 DE-604 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003380135&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-003380135 | ||
Datensatz im Suchindex
| _version_ | 1804119611851931648 |
|---|---|
| adam_text | CONTENTS
1. FUNDAMENTAL CONCEPTS AND INTRODUCTION
TO FINANCIAL STATEMENTS 1
Development of Generally Accepted Accounting Principles 3
American Institute of Certified Accountants (AICPA) • Financial Accounting
Standards Board (FASB) • Operating Procedure for Statements of Financial
Accounting Standards (SFAS) • FASB Conceptual Framework • Additional Input—
American Institute of Certified Public Accountants • Emerging Issues Task
Force (EITF)
Traditional Assumptions of the Accounting Model 14
Business Entity • Going Concern or Continuity • Time Period • Monetary Unit •
Historical Cost • Conservatism • Realization • Matching • Consistency • Full
Disclosure • Materiality • Industry Practices • Transaction Approach • Present Value
Considerations • Accrual Basis
The Financial Statements 24
Balance Sheet • Income Statement • Statement of Retained Earnings • Statement
of Cash Flows • Footnotes • Subsequent Events • Human Resource and Social
Accounting • Auditor s Report • Management s Responsibility for Financial
Statements • The SEC s Integrated Disclosure System • Summary Annual
Report • Ethics
Summary 37
Questions 37
Problems 42
Case 1 1 Uranium Mining Company 46
Case 1 2 Big GAAP—Little GAAP 46
Case 1 3 The Watchman 47
Case 1 4 Which Responsibilities Take Precedence? 50
Case 1 5 The Dangerous Morality of Managing Earnings 51
2. BALANCE SHEET 57
Consolidated Statements 57
iv
CONTENTS
Balance Sheet 58
Assets • Liabilities • Owners Equity • Problems in Balance Sheet Presentation
Summary 95
Questions 95
Problems 98
Case 2 1 Comprehensive Balance Sheet 104
Case 2 2 Insight on Liabilities and Shareholders Equity 106
Case 2 3 Insight on Assets 107
Case 2 4 Selective Review of Balance Sheet 108
3. INCOME STATEMENT AND STATEMENT
OF RETAINED EARNINGS 112
Income Statement 112
Sales or Revenues • Cost of Goods Sold or Cost of Sales • Operating Expenses •
Other Income and Expense • Income Taxes • Special Income Statement Items •
Earnings Per Share
Statement of Retained Earnings 127
Dividends and Stock Splits 129
Summary 130
Questions 131
Problems 132
Case 3 1 Review of Income 137
Case 3 2 Complex Income Statement 138
Case 3 3 Gross Profit Trends 139
Case 3 4 Examination of Income Statement 140
Case 3 5 Trend in Income 141
4. BASICS OF ANALYSIS 143
Ratio Analysis 144
Common Size Analysis (Vertical and Horizontal) 145
Comparisons 145
Trend Analysis • Industry Averages and Comparison with Competitors • Caution in
Using Industry Averages
Library Sources 169
Standard Industrial Classification Manual (SIC) • Standard Poor s Report •
Standard Poor s Register of Corporations, Directors, and Executives • Standard
Poor s Analyst s Handbook • Standard Poor s Corporation Records • America s
Corporate Families™: The Billion Dollar Directory® • Million Dollar Directory® •
Directory of Corporate Affiliations • Thomas Register of American Manufacturers
CONTENTS xj
and Thomas Register • Moody s Investors Services • Securities Owner s Stock Guide •
Wall Street Transcript • Predicasts F S Index • Reference Book of Corporate
Managements • Compact Disclosure
Relative Size of Firm 173
Financial Statement Variations by Type of Industry 173
Descriptive Information 179
The Users of Financial Statements 179
Summary 181
Questions 181
Problems 183
5. AN ILLUSTRATION OF STATEMENT ANALYSIS:
PART I—COOPER TIRE RUBBER COMPANY 185
Cooper Tire Rubber Company 185
Introduction • Industry • Operations • 1989 Financial Statements
Questions 203
Problems 204
6. LIQUIDITY OF SHORT TERM ASSETS AND THE RELATED
SHORT TERM DEBT PAYING ABILITY 205
Current Assets, Current Liabilities, and the Operating Cycle 206
Cash • Marketable Securities • Receivables • Days Sales in Receivables • Accounts
Receivable Turnover • Accounts Receivable Turnover in Days • Credit Sales versus
Cash Sales • Inventories • Inventory Cost • Days Sales in Inventory • Merchandise
Inventory Turnover • Inventory Turnover in Days • Operating Cycle Computed •
Prepayments • Other Current Assets • Current Liabilities
Current Assets Compared with Current Liabilities 233
Working Capital • Current Ratio • Acid Test Ratio (Quick Ratio) • Cash Ratio
Other Liquidity Considerations 240
Sales to Working Capital (Working Capital Turnover) • Liquidity Considerations Not
on the Face of the Statements
Summary 242
Questions 243
Problems 246
Case 6 1 LIFO FIFO 260
Case 6 2 Rising Prices, a Time to Switch OffLIFO? 261
Case 6 3 The Other Side of LIFO 262
Case 6 4 The Flying Machine 264
Case 6 5 Booming Retail 267
CONTENTS
7. LONG TERM DEBT PAYING ASUJTT 268
Income Statement Consideration When Determining Long Term
Debt Paying Ability 269
Times Interest Earned • Fixed Charged Coverage • Variations of Fixed
Charge Coverage
Balance Sheet Consideration When Determining Long Term
Debt Paying Ability 275
Debt Ratio • Debt/Equity • Debt to Tangible Net Worth • Other Long Term Debt
Paying Ability Ratios
Special Items That Influence a Firm s Long Term Debt Paying Ability 283
Long term Assets versus Long Term Debt • Long Term Leasing • Pension Plans •
Joint Ventures • Contingencies • Financial Instruments Disclosures and Credit Risk
Concentrations
Summary 300
Questions 300
Problems 302
Case 7 1 Deferred Taxes? The Answer Is Yes 309
Case 7 2 Concentration on Operating Aspects 314
Case 7 3 Operating Leases Do Count 316
Case 7 4 Consider These Contingencies 318
Case 7 5 Expensing Interest Now and Later 319
Case 7 6 Postretirement Benefits Revisited 320
Case 7 7 Insight on Postretirement Benefits 322
8. ANALYSIS OF PROFITABILITY 325
Profitability Measures 325
Net Profit Margin • Total Asset Turnover • Return on Assets • DuPont Return on
Assets • Operating Income Margin • Operating Asset Turnover • Return on Operating
Assets • Sales to Fixed Assets • Return on Investment (ROI) • Return on Total
Equity • Return on Common Equity • Gross Profit Margin
Trends in Profitability 340
Segment Reporting 341
Gains and Losses That Bypass the Income Statement 347
Interim Reports 349
Summary 351
Questions 352
Problems 353
Case 8 1 Johnny s Self Service Station 359
CONTENTS x...
Case 8 2 What Cost Earnings? 360
Case 8 3 The Tale of the Segments 364
Case 84 Follow the Segments 366
9. ANALYSIS FOR THE INVESTOR 369
Leverage and Its Effect on Earnings 369
Definition of Financial Leverage and Magnification Effects • Computation of the
Degree of Financial Leverage • Summary of Financial Leverage
Earnings Per Common Share 373
Price/Earnings Ratio 379
Percentage of Earnings Retained 381
Dividend Payout 382
Dividend Yield 383
Book Value Per Share 384
Interpretation of Book Value
Stock Options 385
Stock Appreciation Rights 387
Summary 388
Questions 389
Problems 390
Case 9 1 Stock Split 396
Case 9 2 Options, Options, Options 398
Case 9 3 Options and Appreciation 401
Case 9 4 The Complexities of Earnings Per Share 403
Case 9 5 Would You Realize the Significance? 404
Case 9 6 Will the Real Earnings Per Share Please Stand Up? 405
Case 9 7 How about Earnings Per Share? 407
Case 9 8 Special Items 415
10. STATEMENT OF CASH FLOWS 418
Watch Cash Flow 418
A Review of the Funds Statement 419
Funds Statement—Working Capital Format 422
Funds Statement—Cash Format 423
Procedures for Development of the Statement of Cash Flows 431
Financial Ratios and the Statement of Cash Flows 444
CONTENTS
Operating Cash Flow/Current Maturities of Long Term Debt and Current Notes
Payable • Operating Cash Flow/Total Debt • Operating Cash Flow Per Share •
Operating Cash Flow/Cash Dividends
Alternative Cash Flow 448
Summary 448
Questions 449
Problems 451
Case 10 1 How Good a Detective Are You? Part I 465
Case 10 2 How Good a Detective Are You? Part II 475
Case 10 3 Ready for Deployment—Deployment 486
Case 104 Cash Flow Tails 490
Case 10 5 Watch the Cash 493
11. STATEMENT ANALYSIS: PART II—
COOPER TIRE RUBBER COMPANY 495
Eleven Year Summary 495
Comments Related to Eleven Year Summary
Management s Discussion and Analysis 502
Five Year Ratio Comparison 504
Liquidity • Long Term Debt Paying Ability • Profitability • Investor Analysis
Ratio Comparison with Industry Averages 509
Liquidity • Long Term Debt Paying Ability • Profitability • Investor Analysis
Summary 513
12. ANALYZING THE IMPACT OF INFLATION
ON FINANCIAL STATEMENTS 514
Inflation Accounting Terminology 514
Constant Dollar (Price Level) Accounting 515
Current Cost Accounting 522
SFAS No. 33, No. 82, and No. 89 524
Summary 529
Questions 530
Problems 531
Case 12 1 Insights on Inflation 538
Case 12 2 Impact of Inflation 543
CONTENTS xv
1 3. EXPANDED UTILITY OF FINANCIAL RATIOS 548
Financial Ratios as Perceived by Commercial Loan Departments 548
Most Significant Ratios and Their Primary Measure • Ratios Appearing Most
Frequently in Loan Agreements
Financial Ratios as Perceived by Corporate Controllers 552
Most Significant Ratios and Their Primary Measure • Key Financial Ratios Included
as Corporate Objectives
Financial Ratios as Perceived by Certified Public Accountants 554
Financial Ratios as Perceived by Chartered Financial Analysts 555
Financial Ratios Used in Annual Reports 556
Degree of Conservatism and Quality of Earnings 558
Inventory • Fixed Assets • Intangible Assets • Pensions • Leases
Forecasting Financial Failure 560
Univariate Model • Multivariate Model
Analytical Review Procedures 563
Management Use of Analysis 564
Use of LIFO Reserves 565
Graphing Financial Information 567
Summary 569
Questions 572
Problems 574
14. STATEMENT ANALYSIS FOR SPECIAL INDUSTRIES: RANKS,
UTILITIES, OIL AND GAS, TRANSPORTATION, INSURANCE 604
Banks 605
Balance Sheet • Income Statement • Ratios for Banks • Earning Assets to Total
Assets • Return on Earning Assets • Interest Margin to Average Earning Assets • Loan
Loss Coverage Ratio • Equity Capital to Total Assets • Deposits Times Capital •
Loans to Deposits
Electric Utilities 623
Ratios for Electric Utilities • Operating Ratio • Funded Debt to Operating Property •
Percent Earned on Operating Property • Operating Revenue to Operating Property
Oil and Gas 632
Successful Efforts versus Full Cost • Supplementary Information on Oil and Gas
Exploration, Development, and Production Activities • Cash Flow
Transportation 645
Operating Ratio • Long Term Debt to Operating Property • Operating Revenue to
Operating Property • Per Mile—Per Person—Per Ton—Passenger Load Factor
CONTENTS
Insurance 651
Balance Sheet under GAAP • Income Statement under GAAP • Ratios
Summary 661
Questions 662
Problems 664
Case 14 1 Allowance for Funds 668
Case 14 2 In Progress 672
Case 14 3 Review This Utility 673
Case 14 4 Loans and Provision for Loans 679
Case 14 5 You Can Bank on It 680
Case 14 6 Proved Reserves 689
15. PERSONAL FINANCIAL STATEMENTS AND ACCOUNTING
FOR GOVERNMENTS AND OTHER NONPROFIT INSTITUTIONS 692
Personal Financial Statements 692
Form of the Statements • Illustration of Preparation of Statement of Financial
Condition • Illustration of Preparation of Statement of Changes in Net Worth
Accounting for Governments and Other Nonprofit Institutions 702
Accounting for Governments • Nonprofit Institutions Other Than Governments •
Budgeting by Objectives and/or Measures of Productivity
Summary 730
Questions 730
Problems 731
Case 15 1 Governor Lucas—This Is Your County 736
COMPREHENSIVE CASE—WORTHLNGTON INDUSTRIES 747
GLOSSARY 759
BIBLIOGRAPHY 769
INDEX 779
|
| any_adam_object | 1 |
| author | Gibson, Charles H. |
| author_facet | Gibson, Charles H. |
| author_role | aut |
| author_sort | Gibson, Charles H. |
| author_variant | c h g ch chg |
| building | Verbundindex |
| bvnumber | BV005398661 |
| classification_rvk | QP 800 |
| ctrlnum | (OCoLC)300072170 (DE-599)BVBBV005398661 |
| discipline | Wirtschaftswissenschaften |
| edition | 5. ed. |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01400nam a2200373 c 4500</leader><controlfield tag="001">BV005398661</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20000406 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">920630s1992 |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">0538821604</subfield><subfield code="9">0-538-82160-4</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)300072170</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV005398661</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-473</subfield><subfield code="a">DE-824</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QP 800</subfield><subfield code="0">(DE-625)141940:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Gibson, Charles H.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Financial statement analysis</subfield><subfield code="b">using financial accounting information</subfield><subfield code="c">Charles H. Gibson</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">5. ed.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cincinnati, Ohio</subfield><subfield code="b">South-Western Publ.</subfield><subfield code="c">1992</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XVI, 783 S.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Literaturverz. S. 769 - 778</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Information</subfield><subfield code="0">(DE-588)4026899-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Rechnungswesen</subfield><subfield code="0">(DE-588)4048732-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="4"><subfield code="a">Matériel didactique</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Rechnungswesen</subfield><subfield code="0">(DE-588)4048732-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Information</subfield><subfield code="0">(DE-588)4026899-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003380135&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-003380135</subfield></datafield></record></collection> |
| genre | Matériel didactique |
| genre_facet | Matériel didactique |
| id | DE-604.BV005398661 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T16:28:57Z |
| institution | BVB |
| isbn | 0538821604 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003380135 |
| oclc_num | 300072170 |
| open_access_boolean | |
| owner | DE-473 DE-BY-UBG DE-824 |
| owner_facet | DE-473 DE-BY-UBG DE-824 |
| physical | XVI, 783 S. |
| publishDate | 1992 |
| publishDateSearch | 1992 |
| publishDateSort | 1992 |
| publisher | South-Western Publ. |
| record_format | marc |
| spelling | Gibson, Charles H. Verfasser aut Financial statement analysis using financial accounting information Charles H. Gibson 5. ed. Cincinnati, Ohio South-Western Publ. 1992 XVI, 783 S. txt rdacontent n rdamedia nc rdacarrier Literaturverz. S. 769 - 778 Information (DE-588)4026899-8 gnd rswk-swf Rechnungswesen (DE-588)4048732-5 gnd rswk-swf Matériel didactique Rechnungswesen (DE-588)4048732-5 s Information (DE-588)4026899-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003380135&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Gibson, Charles H. Financial statement analysis using financial accounting information Information (DE-588)4026899-8 gnd Rechnungswesen (DE-588)4048732-5 gnd |
| subject_GND | (DE-588)4026899-8 (DE-588)4048732-5 |
| title | Financial statement analysis using financial accounting information |
| title_auth | Financial statement analysis using financial accounting information |
| title_exact_search | Financial statement analysis using financial accounting information |
| title_full | Financial statement analysis using financial accounting information Charles H. Gibson |
| title_fullStr | Financial statement analysis using financial accounting information Charles H. Gibson |
| title_full_unstemmed | Financial statement analysis using financial accounting information Charles H. Gibson |
| title_short | Financial statement analysis |
| title_sort | financial statement analysis using financial accounting information |
| title_sub | using financial accounting information |
| topic | Information (DE-588)4026899-8 gnd Rechnungswesen (DE-588)4048732-5 gnd |
| topic_facet | Information Rechnungswesen Matériel didactique |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003380135&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT gibsoncharlesh financialstatementanalysisusingfinancialaccountinginformation |