Financial reporting, financial statement analysis, and valuation: a strategic perspective
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| Previous Title: | Financial reporting and statement analysis / Clyde P. Stickney XXXX Paul R. Brown XXXX James M. Wahlen |
|---|---|
| Main Authors: | , , |
| Format: | Book |
| Language: | English |
| Published: |
Mason, Ohio
South-Western Cengage Learning
2011
|
| Edition: | 7. ed. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XXX, 1261 S. graph. Darst. |
| ISBN: | 9780324789416 9780324789423 |
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MARC
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| 245 | 1 | 0 | |a Financial reporting, financial statement analysis, and valuation |b a strategic perspective |c James M. Wahlen ; Stephen P. Baginski ; Mark T. Bradshaw |
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| adam_text | Titel: Financial reporting, financial statement analysis, and valuation
Autor: Wahlen, James M.
Jahr: 2011
CONTENTS
Preface iv
About the Authors xvii
Chapter 1 Overview of Financial Reporting, Financial Statement
Analysis, and Valuation 1
Overview of Financial Statement Analysis 2
Step 1: Identify the Industry Economie Characteristics 5
Tools for Studying Industry Economics 7
Value Chain Analysis 7
Porter s Five Forces Classification Framework 10
Economie Attributes Framework 13
Step 2: Identify the Company Strategies 15
Framework for Strategy Analysis 15
Application of Strategy Framework to PepsiCo s Beverage Division 16
Step 3: Assess the Quality of the Financial Statements 17
Accounting Principles 18
Balance Sheet ?Measuring Financial Position 19
Income Statement?Measuring Operating Performance 27
Statement of Cash Flows 33
Important Information with the Financial Statements 36
Summary of Financial Statements, Notes, MD A, and Managers
and Auditors Attestations 40
Step 4: Analyze Profitability and Risk 41
Tools of Profitability and Risk Analysis 42
Step 5: Prepare Forecasted Financial Statements 51
Step 6: Value the Firm 51
Role of Financial Statement Analysis in an Efficiënt Capital Market 52
The Association between Earnings and Share Prices 53
Sources of Financial Statement Information 55
Summary 56
Appendix 1.1 Preparing a Term Project 57
Questions and Exercises 62
Problems and Cases 64
Integrative Case 1.1 Starbucks 72
Case 1.2 Nike: Somewhere between a Swoosh and a Slam Dunk 85
Chapter 2 Asset and Liability Valuation and Income Recognition 96
Introduction to the Mixed Attribute Accounting Model 97
Asset and Liability Valuation 101
Historical Value: Acquisition Cost 103
Historical Value: Adjusted Acquisition Cost 104
Historical Value: Initial Present Value 105
Current Values: Fair Value 106
Current Values: Fair Value Based on Current Replacement Cost 108
Current Values: Fair Value Based on Net Realizable Value 109
Summary of U.S. GAAP and IFRS Valuations 110
Income Recognition 111
Approach 1 : Economie Value Changes Recognized on the Balance
Sheet and Income Statement When Realized 114
Approach 3: Economie Value Changes Recognized on the Balance
Sheet and the Income Statement When They Occur 115
Approach 2: Economie Value Changes Recognized on the Balance
Sheet When They Occur but Recognized on the Income Statement
When Realized 117
Summary of Asset and Liability Valuation and Income Recognition 120
Income Taxes 121
Overview of Financial Reporting of Income Taxes 122
Measuring Income Tax Expense: A Bit More to the Story
(to Be Technically Correct) 127
Reporting Income Taxes in the Financial Statements 130
PepsiCo s Reporting of Income Taxes 130
Framework for Analyzing the Effects of Transactions
on the Financial Statements 132
Overview of the Analytical Framework 133
Summary of the Analytical Framework 138
Summary 138
Questions and Exercises 139
Problems and Cases 140
Integrative Case 2.1 Starbucks 150
Chapter 3 Income Flows versus Cash Flows: Understanding
the Statement of Cash Flows 153
Understanding the Relations among Net Income,
Balance Sheets, and Cash Flows 155
The Relations among Cash Flows from Operating, Investing,
and Financing Activities 156
The Relation between Cash Balances and Net Cash Flows 164
The Operating Section of the Statement of Cash Flows 165
The Relation between Net Income and Cash Flow from Operations 179
Aside: Earnings before Interest, Taxes, Depreciation
and Amortization (EBITDA) 182
Preparing the Statement of Cash Flows 183
Algebraic Formulation 184
Classifying Changes in Balance Sheet Accounts 186
lllustration of the Preparation Procedure 191
Using the Statement of Cash Flows to Assess Earnings Quality 194
Summary 202
Questions and Exercises 202
Problems and Cases 205
Integrative Case 3.1 Starbucks 222
Case 3.2 Prime Contractors 224
Case 3.3 W. T. Grant Company 226
Contente
Chapter 4 Profitability Analysis 246
Overview of Profitability Analysis 248
Earnings Per Share (EPS) 249
Calculating EPS 250
Criticisms of EPS 252
Common-Size Analysis 253
Percentage Change Analysis 254
Alternative Definitions of Profits 255
Comprehensive Income 255
Operating Income, EBIT, EBITDA, and Other Profit Measures 256
Segment Profitability 256
Pro Forma, Adjusted, or Street Earnings 257
Rate of Return on Assets (ROA) 259
Two Comments on the Calculation of ROA 264
Disaggregating ROA 266
Economie and Strategie Factors in the Interpretation of ROA 267
Analyzing the Profit Margin for ROA 276
Analyzing Total Assets Turnover 285
Supplementing ROA in Profitability Analysis 290
Rate of Return on Common Shareholders Equity (ROCE) 295
Benchmarks for ROCE 297
Relating ROA to ROCE 299
Disaggregating ROCE 301
Interpreting Financial Statement Ratios 304
Comparisons with Earlier Periods 305
Comparisons with Other Firms 306
Summary 307
Questions and Exercises 308
Problems and Cases 310
Integrative Case 4.1 Starbucks 330
Case 4.2 Profitability and Risk Analysis of Wal-Mart Stores 334
Chapter 5 Risk Analysis 345
Disclosures Regarding Risk and Risk Management 346
Firm-Specific Risks 346
Commodity Prices 347
Financial Statement Analysis of Risk 350
Analyzing Financial Flexibility: Alternative Approaches
to Disaggregate ROCE 352
Summary of Financial Flexibility 361
Analyzing Short-Term Liquidity Risk 361
Current Ratio 363
Quick Ratio 364
Operating Cash Flow to Current Liabilities Ratio 365
Working Capital Turnover Ratios 365
Revenues to Cash Ratio 368
Days Revenues Held in Cash 369
Summary of Short-Term Liquidity Risk 370
xxii Contents
Analyzing Long-Term Solvency Risk 370
Debt Ratios 371
Interest Coverage Ratios 372
Operating Cash Flow to Total Liabilities Ratio 373
Summary of Long-Term Solvency Risk 374
Analyzing Credit Risk 374
1. Circumstances Leading to Need for the Loan 374
2. Credit History 375
3. Cash Flows 376
4. Collateral 377
5. Capacity for Debt 378
6. Contingencies 379
7. Character of Management 379
8. Communication 380
9. Conditions or Covenants 380
Summary of Credit Risk Analysis 380
Analyzing Bankruptcy Risk 380
The Bankruptcy Process 380
Models of Bankruptcy Prediction 381
Synthesis of Bankruptcy Prediction Research 388
Market Equity Beta Risk 391
Financial Reporting Manipulation Risk 393
Motivations for Earnings Manipulation 393
Empirical Research on Earnings Manipulation 393
Application of Beneish s Model to Sunbeam Corporation 396
Summary of Earnings Manipulation Risk 398
Summary 398
Questions and Exercises 399
Problems and Cases 401
Integrative Case 5.1 Starbucks 411
Case 5.2 Massachusetts Stove Company?Bank Lending Decision 412
Case 5.3 Fly-by-Night International Group: Can This Company
BeSaved? 418
Case 5.4 Millennial Technologies: Apocalypse Now 428
Chapter 6 Financing Activities 439
Equity Financing 440
Investments by Shareholders: Common Equity Issuance 441
Distributions to Shareholders: Dividends 444
Distributions to Shareholders: Share Repurchases 448
Equity Issued as Compensation: Stock Options 449
Fair Value Method and Required Disclosures 449
Alternative Share-Based Compensation:
Restricted Stock and RSUs 454
Alternative Share-Based Compensation: Cash-Settled
Share-Based Plans 455
Net Income, Retained Earnings, Accumulated Other
Comprehensive Income, and Reserves 456
Summary and Interpretation of Equity 459
Contents x
Debt Financing 459
Principles of Liability Recognition 460
Principles of Liability Valuation 460
Application of Criteria for Liability Recognition 461
Contingent Obligations 463
Financing with Long-Term Debt 464
Financial Reporting of Long-Term Debt 467
Measuring Fair Value 468
Reducing Debt 471
Accounting for Troubled Debt 471
Additional Issues in Liability Recognition and Debt Financing 474
Hybrid Securities 474
Off-Balance-Sheet Financing Arrangements 478
Leases 484
Operating Lease Method 485
Capital Lease Method 486
Choosing the Accounting Method 488
Converting Operating Leases to Capital Leases 490
Impact of Accounting for Operating Leases as
Capital Leases 493
Summary 493
Questions and Exercises 493
Problems and Cases 499
Integrative Case 6.1 Starbucks 509
Case 6.2 Oracle Corporation: Share-Based Compensation
Effects/Statement of Shareholders Equity 510
Case 6.3 Long-Term Solvency Risk: Southwest
and Lufthansa Airlines 513
Chapter 7 Investing Activities 522
Investments in Long-Lived Operating Assets 524
Are the Acquisition Costs Assets ? 525
What Choices Are Managers Making to Allocate Acquisition Costs
to the Periods Benefited? 537
What Is the Relationship between the Book Values
and Market Values of Long-Lived Assets? 541
When Will the Long-Lived Assets Be Replaced? 548
Summary 549
Investments in Securities 549
Percentage of Ownership 550
Minority, Passive Investments 550
Minority, Active Investments 561
Majority, Active Investments 564
Consolidation of Unconsolidated Subsidiaries and Affiliates 581
Joint Ventures: Proportionate Consolidation of Unconsolidated
Subsidiaries and Affiliates 585
Primary Beneficiary of a Variable-lnterest Entity 585
Income Tax Consequences of Investments in Securities 589
iv Contents
Foreign Currency Translation 589
Functional Currency Concept 590
Translation Methodology?Foreign Currency is Functional Currency 592
Translation Methodology?U.S. Dollar Is Functional Currency 595
Foreign Currency Translation and Income Taxes 599
Interpreting the Effects of Exchange Rate Changes
on Operating Results 599
Summary 600
Questions and Exercises 601
Problems and Cases 603
Integrative Case 7.1 Starbucks 618
Case 7.2 Disney Acquisition of Marvel Entertainment 627
Chapter 8 Operating Activities 630
Accomplishments (Revenue Recognition) 632
Criteria for Revenue Recognition 632
Application of Revenue Recognition Criteria 635
Revenue Recognition at the Time of Sale (Delivery) 638
Delaying Revenue Recognition When Substantial
Performance Remains 640
Income Recognition under Long-Term Contracts 641
Revenue Recognition When Cash Collectability Is Uncertain 646
Investment in Working Capital: Accounts Receivable
and Deferred Revenues 649
Efforts (Expense Recognition) 649
Criteria for Expense Recognition 649
Cost of Sales 650
Conversion from UFO to FIFO 653
Reporting Changes in the Fair Market Value of Inventory 655
Accounting Quality: Cost of Sales and Inventory 655
Investment in Working Capital: Inventory and Accounts Payable 657
SG A (Selling, General, and Administrative) Costs 657
Operating Profit 661
Income Taxes 661
Review of Income Tax Accounting 661
Required Income Tax Disclosures 662
Assessing a Firm s Tax Position 669
Analyzing PepsiCo s Income Tax Disclosures 670
Summary of Income Taxes 672
Pensions and Other Postretirement Benefits 672
The Economics of Pension Accounting in a Defined Benefit Pian 673
Other Postretirement Benefits 682
Signals about Earnings Persistence 682
PepsiCo s Pensions and Other Postemployment Benefits 683
Derivative Instruments 684
Nature and Use of Derivative Instruments 685
Accounting for Derivatives 687
lllustrations of Accounting for Derivatives 689
Summary of Derivative Examples 697
Contents
Disclosures Related to Derivative Instruments 697
PepsiCo s Derivatives Disclosures 698
Accounting Quality Issues and Derivatives 698
Summary 699
Questions and Exercises 699
Problems and Cases 702
Integrative Case 8.1 Starbucks 712
Case 8.2 Arizona Land Development Company 713
Case 8.3 Coca-Cola Pensions 728
Chapter 9 Accounting Quality 729
Accounting Quality 730
High Quality Reflects Economie Information Content 731
High Quality Leads to Earnings Persistence over Time 734
Specific Events and Conditions That Affect Earnings Quality 735
Discontinued Operations 736
Extraordinary Gains and Losses 738
Changes in Accounting Principles 741
Other Comprehensive Income Items 745
Impairment Losses on Long-Lived Assets 747
Restructuring and Other Charges 747
Changes in Estimates 750
Gains and Losses from Peripheral Activities 750
Summary of Accounting Data Adjustments 752
Restated Financial Statement Data 752
Accounting Classification Differences 753
Financial Reporting Worldwide 755
Earnings Management 757
Incentives to Practice Earnings Management 757
Disincentives to Practice Earnings Management 758
Boundaries of Earnings Management 758
Summary 759
Questions and Exercises 759
Problems and Cases 760
Integrative Case 9.1 Starbucks 769
Case 9.2 Citi: A Very Bad Year 773
Chapter 10 Forecasting Financial Statements 783
Introduction to Forecasting 784
Preparing Financial Statement Forecasts 786
General Forecasting Principles 786
Seven-Step Forecasting Game Pian 787
Practical Tips for Implementing the Seven-Step Forecasting Game
Pian 788
Using FSAP to Prepare Forecasted Financial Statements 791
Step 1 : Projecting Sales and Other Revenues 792
Projecting Revenues from Sales 792
Projecting Sales Revenues for PepsiCo 793
xxvi Contents
Step 2: Projecting Operating Expenses 800
Projecting Cost of Goods Sold 801
Projecting Selling, General, and Administrative Expenses 802
Projecting Other Operating Expenses 803
Projecting Nonrecurring Operating Gains and Losses 804
Step 3: Projecting Operating Assets and Liabilities
on the Balance Sheet 804
Projecting Cash 807
Operating Asset and Liability Forecasting Techniques 811
Projecting Marketable Securities 812
Projecting Accounts Receivable 813
Projecting Inventories 814
Projecting Prepaid Expenses and Other Current Assets 814
Projecting Investments in Noncontrolled Affiliates 815
Projecting Property, Plant, and Equipment 815
Projecting Amortizable Intangible Assets 818
Projecting Goodwill and Nonamortizable Intangible Assets 818
Projecting Other Noncurrent Assets 819
Projecting Assets That Vary as a Percentage of Total Assets 819
Projecting Accounts Payable 820
Projecting Other Current Accrued Liabilities 820
Projecting Current Liabilities: Income Taxes Payable 821
Projecting Other Noncurrent Liabilities 821
Projecting Deferred Income Taxes 822
Step 4: Projecting Financial Assets, Financial
Leverage, Common Equity Capital, and Financial Income Items 822
Projecting Financial Assets 823
Projecting Short-Term Debt and Long-Term Debt 823
Projecting Interest Expense 824
Projecting Interest Income 825
Projecting Bottling Equity Income 826
Projecting Preferred Stock and Minority Interest 827
Projecting Common Stock and Capital in Excess of Par Value 827
Projecting Treasury Stock 827
Projecting Accumulated Other Comprehensive Loss 829
Step 5: Projecting Nonrecurring Items, Provisions for Income Tax,
and Changes in Retained Earnings 829
Projecting Nonrecurring Items 830
Projecting Provisions for Income Taxes 830
Net Income 830
Retained Earnings 831
Step 6: Balancing the Balance Sheet 832
Balancing PepsiCo s Balance Sheets 832
Closing the Loop: Solving for Co-determined Variables 834
Step 7: Projecting the Statement of Cash Flows 835
Tips for Forecasting Statements of Cash Flows 835
Specific Steps for Forecasting Implied Statements of Cash Flows 836
Shortcut Approaches to Forecasting 840
Projected Sales and Income Approach 841
Projected Total Assets Approach 841
Analyzing Projected Financial Statements 843
Contents xxvii
Sensitivity Analysis and Reactions to Announcements 846
Summary 847
Questions and Exercises 848
Problems and Cases 849
Integrative Case 10.1 Starbucks 862
Case 10.2 Massachusetts Stove Company: Analyzing
Strategie Options 875
Chapter 11 Risk-Adjusted Expected Rates of Return
and the Dividends Valuation Approach 884
Introduction and Overview 884
Equivalence among Dividends, Cash Flows, and Earnings Valuation 887
Risk-Adjusted Expected Rates of Return 888
Cost of Common Equity Capital 889
Adjusting Market Equity Beta to Reflect a
New Capital Structure 894
Evaluating the Use of the CAPM to Measure the Cost of Equity
Capital 895
Cost of Debt Capital 896
Cost of Preferred Equity Capital 897
Computing the Weighted Average Cost of Capital 897
Rationale for Dividends-Based Valuation 901
Dividends-Based Valuation Concepts 902
The Dividends Valuation Model 905
Implementing the Dividends Valuation Model 907
Measuring Dividends 907
Selecting a Forecast Horizon 909
Continuing Value of Future Dividends 911
Using the Dividends Valuation Model to Value PepsiCo 915
Sensitivity Analysis and Investment Decision Making 918
Evaluation of the Dividends Valuation Method 920
Summary 921
Questions and Exercises 921
Problems and Cases 922
Integrative Case 11.1 Starbucks 926
Chapter 12 Valuation: Cash-Flow-Based Approaches 928
Introduction and Overview 928
Rationale for Cash-Flow-Based Valuation 930
Free-Cash-Flows-Based Valuation Concepts 931
Risk, Discount Rates, and the Cost of Capital 932
Free Cash Flows Valuation Examples for a Single-Asset Firm 933
Cash Flows to the Investor versus Cash Flows to the Firm 935
Nominai versus Real Cash Flows 937
Pretax versus After-Tax Free Cash Flows 938
Selecting a Forecast Horizon 938
Computing Continuing Value of Future Free Cash Flows 939
xxviii Contents
Measuring Periodic Free Cash Flows 943
A Framework for Free Cash Flows 943
Free Cash Flows Measurement 945
Cash-Flow-Based Valuation Models 954
Valuation Models for Free Cash Flows for Common
Equity Shareholders 955
Valuation Models for Free Cash Flows for Ali Debt
and Equity Capital Stakeholders 956
Free Cash Flows Valuation of PepsiCo 957
PepsiCo Discount Rates 958
Computing Free Cash Flows for PepsiCo 959
PepsiCo s Free Cash Flows to Ali Debt and Equity
Capital Stakeholders 959
PepsiCo s Free Cash Flows to Common Equity 962
Valuation of PepsiCo Using Free Cash Flows to Common Equity
Shareholders 963
Valuation of PepsiCo Using Free Cash Flows to AH Debt and
Equity Capital Stakeholders 964
Sensitivity Analysis and Investment Decision Making 967
Evaluation of the Free Cash Flows Valuation Method 971
Summary 971
Questions and Exercises 971
Problems and Cases 972
Integrative Case 12.1 Starbucks 988
Case 12.2 Holmes Corporation: LBO Valuation 990
Chapter 13 Valuation: Earnings-Based Approaches
Introduction and Overview
Rationale for Earnings-Based Valuation
Earnings-Based Valuation: Practical Advantages and Concerns
Theoretical and Conceptual Foundations
for Residuai Income Valuation
Intuition for Residuai Income Measurement and Valuation 1013
lllustrations of Residuai Income Measurement and Valuation 1014
Residuai Income Valuation Model with Finite Horizon Earnings
Forecasts and Continuing Value Computation
Coaching Tip: Avoid This Cruciai But Common Mistake 1019
Valuation of Pepsico Using the Residuai Income Model
Discount Rates for Residuai Income 1020
Pepsico s Book Value of Equity and Residuai Income 1020
Discounting Pepsico s Residuai Income to Present Value 1022
Computing Pepsico s Common Equity Share Value 1022
Sensitivity Analysis and Investment Decision Making 1025
Residuai Income Model Implementation Issues
Dirty Surplus Accounting 1025
Common Stock Transactions 1027
Consistency in Residuai Income, Dividends, and Free
Cash Flow Value Estimates
1004
1004
1007
1009
1011
1017
1019
1025
1029
Contents
Summary Comments on Valuation 1031
Questions and Exercises 1031
Problems and Cases 1032
Integrative Case 12.1 Starbucks 1039
Chapter 14 Valuation: Market-Based Approaches 1041
Introduction and Overview 1042
Market Multiples of Accounting Numbers 1044
Market-to-Book and Value-to-Book Ratios 1045
A Theoretical Model of the Value-to-Book Ratio 1045
The Value-to-Book Model with Finite Horizon Earnings Forecasts
and Continuing Value Computation 1049
Application of the Value-to-Book-Model to PepsiCo 1051
Reasons Why VB Ratios and MB Ratios May Differ From 1 1054
Empirical Data on MB Ratios 1056
Empirical Research Results on the Prédictive Power of MB Ratios 1056
Price-Earnings and Value-Earnings Ratios 1059
A Model for the Value-Earnings Ratio 1059
Price-Eamings Ratios 1060
Summary of Value-Earnings and Price-Earnings Ratios 1071
Using Market Multiples of Comparable Firms 1072
Price Differentials 1072
Computing PDIFF for PepsiCo 1074
Reverse Engineering 1075
Reverse-Engineering PepsiCo s Stock Price 1076
The Relevance of Académie Research for the Work
of the Security Analyst 1077
Creating Relevant Académie Research Results 1078
What Does Capital Market Efficiency Really Mean? 1079
Striking Evidence on the Degree of Market Efficiency and Inefficiency
with Respect to Earnings 1080
Striking Evidence on the Use of Valuation Models to Form Portfolios 1082
Summary 1084
Questions and Exercises 1084
Problems and Cases 1086
Integrative Case 14.1 Starbucks 1094
Appendix A Financial Statements and Notes for PepsiCo, Inc.
and Subsidiaries 1097
Appendix B Managements Discussion and Analysis
for PepsiCo, Inc. and Subsidiaries 1129
Appendix C Financial Statement Analysis Package (FSAP) 1159
Appendix D Financial Statement Ratios: Descriptive Statîstics
by Industry and by Year 1197
Index 1247
n ¦ -t rt
|
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| author | Wahlen, James M. Baginski, Stephen P. Bradshaw, Mark T. |
| author_facet | Wahlen, James M. Baginski, Stephen P. Bradshaw, Mark T. |
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| edition | 7. ed. |
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| id | DE-604.BV036796455 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:48:26Z |
| institution | BVB |
| isbn | 9780324789416 9780324789423 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020712757 |
| oclc_num | 706007871 |
| open_access_boolean | |
| owner | DE-1050 DE-473 DE-BY-UBG DE-945 DE-573 DE-91 DE-BY-TUM DE-706 |
| owner_facet | DE-1050 DE-473 DE-BY-UBG DE-945 DE-573 DE-91 DE-BY-TUM DE-706 |
| physical | XXX, 1261 S. graph. Darst. |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | South-Western Cengage Learning |
| record_format | marc |
| spelling | Wahlen, James M. Verfasser aut Financial reporting, financial statement analysis, and valuation a strategic perspective James M. Wahlen ; Stephen P. Baginski ; Mark T. Bradshaw 7. ed. Mason, Ohio South-Western Cengage Learning 2011 XXX, 1261 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Generally Accepted Accounting Principles (DE-588)4465431-5 gnd rswk-swf Gewinn- und Verlustrechnung (DE-588)4121363-4 gnd rswk-swf Rechnungslegung (DE-588)4128343-0 gnd rswk-swf Bilanzanalyse (DE-588)4069453-7 gnd rswk-swf International Financial Reporting Standards (DE-588)4699643-6 gnd rswk-swf Rechnungslegung (DE-588)4128343-0 s Generally Accepted Accounting Principles (DE-588)4465431-5 u International Financial Reporting Standards (DE-588)4699643-6 s DE-604 Bilanzanalyse (DE-588)4069453-7 s Gewinn- und Verlustrechnung (DE-588)4121363-4 s 1\p DE-604 Baginski, Stephen P. Verfasser aut Bradshaw, Mark T. Verfasser aut Früher u.d.T. Financial reporting and statement analysis / Clyde P. Stickney XXXX Paul R. Brown XXXX James M. Wahlen HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020712757&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Wahlen, James M. Baginski, Stephen P. Bradshaw, Mark T. Financial reporting, financial statement analysis, and valuation a strategic perspective Generally Accepted Accounting Principles (DE-588)4465431-5 gnd Gewinn- und Verlustrechnung (DE-588)4121363-4 gnd Rechnungslegung (DE-588)4128343-0 gnd Bilanzanalyse (DE-588)4069453-7 gnd International Financial Reporting Standards (DE-588)4699643-6 gnd |
| subject_GND | (DE-588)4465431-5 (DE-588)4121363-4 (DE-588)4128343-0 (DE-588)4069453-7 (DE-588)4699643-6 |
| title | Financial reporting, financial statement analysis, and valuation a strategic perspective |
| title_auth | Financial reporting, financial statement analysis, and valuation a strategic perspective |
| title_exact_search | Financial reporting, financial statement analysis, and valuation a strategic perspective |
| title_full | Financial reporting, financial statement analysis, and valuation a strategic perspective James M. Wahlen ; Stephen P. Baginski ; Mark T. Bradshaw |
| title_fullStr | Financial reporting, financial statement analysis, and valuation a strategic perspective James M. Wahlen ; Stephen P. Baginski ; Mark T. Bradshaw |
| title_full_unstemmed | Financial reporting, financial statement analysis, and valuation a strategic perspective James M. Wahlen ; Stephen P. Baginski ; Mark T. Bradshaw |
| title_old | Financial reporting and statement analysis / Clyde P. Stickney XXXX Paul R. Brown XXXX James M. Wahlen |
| title_short | Financial reporting, financial statement analysis, and valuation |
| title_sort | financial reporting financial statement analysis and valuation a strategic perspective |
| title_sub | a strategic perspective |
| topic | Generally Accepted Accounting Principles (DE-588)4465431-5 gnd Gewinn- und Verlustrechnung (DE-588)4121363-4 gnd Rechnungslegung (DE-588)4128343-0 gnd Bilanzanalyse (DE-588)4069453-7 gnd International Financial Reporting Standards (DE-588)4699643-6 gnd |
| topic_facet | Generally Accepted Accounting Principles Gewinn- und Verlustrechnung Rechnungslegung Bilanzanalyse International Financial Reporting Standards |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=020712757&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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