International financial statement analysis /Thomas R Robinson

INTERNATIONAL FINANCIAL STATEMENT ANALYSIS; Contents; Foreword; Preface; Acknowledgments; About the CFA Investment Series; CHAPTER 1 Financial Statement Analysis: An Introduction; Learning Outcomes; 1. Introduction; 2. Scope of Financial Statement Analysis; 3. Major Financial Statements and Other Information Sources; 3.1. Financial Statements and Supplementary Information; 3.2. Other Sources of Information; 4. Financial Statement Analysis Framework; 4.1. Articulate the Purpose and Context of Analysis; 4.2. Collect Data; 4.3. Process Data; 4.4. Analyze/Interpret the Processed Data. 4.5. Develop and Communicate Conclusions/Recommendations4.6. Follow-Up; 5. Summary; References; Problems; CHAPTER 2 Financial Reporting Mechanics; Learning Outcomes; 1. Introduction; 2. The Classification of Business Activities; 3. Accounts and Financial Statements; 3.1. Financial Statement Elements and Accounts; 3.2. Accounting Equations; 4. The Accounting Process; 4.1. An Illustration; 4.2. The Accounting Records; 4.3. Financial Statements; 5. Accruals and Valuation Adjustments; 5.1. Accruals; 5.2. Valuation Adjustments; 6. Accounting Systems. 6.1. Flow of Information in an Accounting System6.2. Debits and Credits; 7. Using Financial Statements in Security Analysis; 7.1. The Use of Judgment in Accounts and Entries; 7.2. Misrepresentations; 8. Summary; Appendix: A Debit/Credit Accounting System; Problems; CHAPTER 3 Financial Reporting Standards; Learning Outcomes; 1. Introduction; 2. The Objective of Financial Reporting; 3. Standard-Setting Bodies and Regulatory Authorities; 3.1. Accounting Standards Boards; 3.2. Regulatory Authorities; 4. Convergence of Global Financial Reporting Standards. 5. The International Financial Reporting Standards Framework5.1. Objective of Financial Reports; 5.2. Qualitative Characteristics of Financial Reports; 5.3. Constraints on Financial Reports; 5.4. The Elements of Financial Statements; 5.5. General Requirements for Financial Statements; 5.6. Convergence of Conceptual Framework; 6. Effective Financial Reporting; 6.1. Characteristics of an Effective Financial Reporting Framework; 6.2. Barriers to a Single Coherent Framework; 7. Comparison of IFRS with Alternative Reporting Systems; 8. Monitoring Developments in Financial Reporting Standards. 8.1. New Products or Types of Transactions8.2. Evolving Standards and the Role of CFA Institute; 8.3. Company Disclosures; 9. Summary; Problems; CHAPTER 4 Understanding Income Statements; Learning Outcomes; 1. Introduction; 2. Components and Format of the Income Statement; 3. Revenue Recognition; 3.1. General Principles; 3.2. Revenue Recognition in Special Cases; 3.3. Implications for Financial Analysis; 4. Expense Recognition; 4.1. General Principles; 4.2. Issues in Expense Recognition; 4.3. Implications for Financial Analysis; 5. Non-Recurring Items and Non-Operating Item

Better analysis for more accurate international financialvaluation International Financial Statement Analysis provides themost up-to-date detail for the successful assessment of companyperformance and financial position regardless of country of origin. The seasoned experts at the CFA Institute offer readers a rich, clear reference, covering all aspects from financial reportingmechanics and standards to understanding income and balance sheets.Comprehensive guidance toward effective analysis techniques helpsreaders make real-world use of the knowledge presented, with thisnew third edition containing the most current standards and methodsfor the post-crisis world. Coverage includes the complete statementanalysis process, plus information on income tax accounting, employee compensation, and the impact of foreign exchange rates onthe statements of multinational corporations. Financial statement analysis gives investment professionalsimportant insights into the true financial condition of a company. With it, realistic valuations can be made for investment, lending, or merger and acquisition purposes. The process is becomingincreasingly complex, but this book helps readers deal with thepractical challenges that arise at the international level. Understand the accounting mechanics behind financialreportingDiscover the differences between statements from around theworldLearn how each financial statement element affects securitiesvaluationMaster analysis for clues into operations and riskcharacteristics Amid an uncertain global economic climate, in today's volatileinternational markets, the ability to effectively evaluatefinancial statements is a critical skill. Standards and conditionsare continuously evolving, and investment professionals need astrong, up-to-date resource for the latest rules and bestpractices. International Financial Statement Analysisprovides this and more, with clarity and expert advice.