Reading Financial Reports for Dummies
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| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Newark
John Wiley & Sons, Incorporated
2022
|
| Ausgabe: | 4th ed |
| Online-Zugang: | DE-2070s |
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Inhaltsangabe:
- Intro
- Title Page
- Copyright Page
- Table of Contents
- Introduction
- About This Book
- Conventions Used in This Book
- What You're Not to Read
- Foolish Assumptions
- Icons Used in This Book
- Beyond the Book
- Where to Go from Here
- Part 1 Getting Started with Financial Reports
- Chapter 1 Opening the Cornucopia of Reports
- Figuring Out Financial Reporting
- Preparing the reports
- Seeing why financial reporting counts (and who's counting)
- Checking Out Types of Reporting
- Keeping everyone informed
- Following the rules: Government requirements
- Going global
- Staying within the walls of the company: Internal reporting
- Dissecting the Annual Report to Shareholders
- Breaking down the parts
- Getting to the meat of the matter
- Keeping the number crunchers in line
- Chapter 2 Recognizing Business Types and Their Tax Rules
- Flying Solo: Sole Proprietorships
- Keeping taxes personal
- Reviewing requirements for reporting
- Joining Forces: Partnerships
- Partnering up on taxes
- Meeting reporting requirements
- Seeking Protection with Limited Liability Companies
- Taking stock of taxes
- Reviewing reporting requirements
- Shielding Your Assets: S and C Corporations
- Paying taxes the corporate way
- Getting familiar with reporting requirements
- Chapter 3 Public or Private: How Company Structure Affects the Books
- Investigating Private Companies
- Checking out the benefits
- Defining disadvantages
- Figuring out reporting
- Understanding Public Companies
- Examining the perks
- Looking at the negative side
- Filing and More Filing: Government and Shareholder Reports
- Quarterly reports
- Yearly report
- The rules of the Sarbanes-Oxley Act
- Dodd-Frank's impact on financial industry regulation
- Entering a Whole New World: How a Company Goes from Private to Public
- Teaming up with an investment banker
- Making a public offering
- Chapter 4 Digging into Accounting Basics
- Making Sense of Accounting Methods
- Cash-basis accounting
- Accrual accounting
- Why method matters
- Understanding Debits and Credits
- Double-entry accounting
- Profit and loss statements
- The effect of debits and credits on sales
- Depreciation and amortization
- Checking Out the Chart of Accounts
- Asset accounts
- Liability accounts
- Equity accounts
- Revenue accounts
- Expense accounts
- Differentiating Profit Types
- Gross profit
- Operating profit
- Net profit
- Part 2 The Big Show: Annual Reports
- Chapter 5 Exploring the Anatomy of an Annual Report
- Everything but the Numbers
- Debunking the letter to shareholders
- Making sense of the corporate message
- Meeting the people in charge
- Finding basic shareholder information
- Getting the skinny from management
- Getting guarantees from management
- Bringing the auditors' answers to light
- Presenting the Financial Picture
- Summarizing the Financial Data
- Finding the highlights
- Reading the notes
- Chapter 6 Balancing Assets against Liabilities and Equity
- Understanding the Balance Equation
- Introducing the Balance Sheet
- Digging into dates
- Nailing down the numbers
- Figuring out format
- Ogling Assets
- Current assets
- Long-term assets
- Accumulated depreciation
- Looking at Liabilities
- Current liabilities
- Long-term liabilities
- Navigating the Equity Maze
- Stock
- Retained earnings
- Capital
- Drawing
- Chapter 7 Using the Income Statement
- Introducing the Income Statement
- Digging into dates
- Figuring out format
- Delving into the Tricky Business of Revenues
- Defining revenue
- Adjusting sales
- Considering cost of goods sold
- Gauging gross profit
- Acknowledging Expenses
- Sorting Out the Profit and Loss Types
- EBITDA
- Nonoperating income or expense
- Net profit or loss
- Calculating Earnings per Share
- Chapter 8 The Statement of Cash Flows
- Digging into the Statement of Cash Flows
- The parts
- The formats
- Checking Out Operating Activities
- Depreciation
- Inventory
- Accounts receivable
- Accounts payable
- The cash flow from activities section, summed up
- Investigating Investing Activities
- Understanding Financing Activities
- Issuing stock
- Buying back stock
- Paying dividends
- Incurring new debt
- Paying off debt
- Recognizing the Special Line Items
- Discontinued operations
- Foreign currency exchange
- Adding It All Up
- Chapter 9 Scouring the Notes to the Financial Statements
- Deciphering the Small Print
- Accounting Policies Note: Laying out the Rules of the Road
- Depreciation
- Revenue
- Expenses
- Figuring out Financial Borrowings and Other Commitments
- Long-term obligations
- Short-term debt
- Lease obligations
- Mergers and Acquisitions: Finding Noteworthy Information
- Pondering Pension and Retirement Benefits
- Breaking Down Business Breakdowns
- Reviewing Significant Events
- Finding the Red Flags
- Finding out about valuing assets and liabilities
- Considering changes in accounting policies
- Decoding obligations to retirees and future retirees
- Chapter 10 Considering Consolidated Financial Statements
- Getting a Grip on Consolidation
- Looking at Methods of Buying Up Companies
- Reading Consolidated Financial Statements
- Looking to the Notes
- Mergers and acquisitions
- Goodwill
- Liquidations or discontinued operations
- Part 3 Analyzing the Numbers
- Chapter 11 Testing the Profits and Market Value
- The Price/Earnings Ratio
- Figuring out earnings per share
- Calculating the P/E ratio
- Practicing the P/E ratio calculation
- Using the P/E ratio to judge company market value (stock price)
- Understanding variation among ratios
- The Dividend Payout Ratio
- Determining dividend payout
- Digging into companies' profits with dividends
- Return on Sales
- Figuring out ROS
- Reaching the truth about profits with ROS
- Return on Assets
- Doing some dividing to get ROA
- Ranking companies with the help of ROA
- Return on Equity
- Calculating ROE
- Testing companies using ROE
- The Big Three: Margins
- Dissecting gross margin
- Investigating operating margin
- Catching the leftover money: Net profit margin
- Chapter 12 Looking at Liquidity
- Finding the Current Ratio
- Calculating the current ratio
- What do the numbers mean?
- Determining the Quick Ratio
- Calculating the quick ratio
- What do the numbers mean?
- Investigating the Interest Coverage Ratio
- Calculating the interest coverage ratio
- What do the numbers mean?
- Comparing Debt to Shareholders' Equity
- Calculating debt to shareholders' equity
- What do the numbers mean?
- Determining Debt-to-Capital Ratio
- Calculating the debt-to-capital ratio
- What do the numbers mean?
- Chapter 13 Making Sure the Company Has Cash to Carry On
- Measuring Income Success
- Calculating free cash flow
- Figuring out cash return on sales ratio
- Checking Out Debt
- Determining current cash debt coverage ratio
- Computing cash debt coverage ratio
- Calculating Cash Flow Coverage
- Finding out the cash flow coverage ratio
- Mattel
- Hasbro
- What do the numbers mean?
- Part 4 How Companies Optimize Operations
- Chapter 14 Turning Up Clues in Turnover and Assets
- Exploring Inventory Valuation Methods
- Applying Three Inventory Valuation Methods
- Average costing
- FIFO
- LIFO
- How to compare inventory methods and financial statements
- Determining Inventory Turnover
- Calculating inventory turnover
- What do the numbers mean?
- Investigating Fixed Assets Turnover
- Calculating fixed assets turnover
- What do the numbers mean?
- Tracking Total Asset Turnover
- Calculating total asset turnover
- What do the numbers mean?
- Chapter 15 Examining Cash Inflow and Outflow
- Assessing Accounts Receivable Turnover
- Calculating accounts receivable turnover
- What do the numbers mean?
- Taking a Close Look at Customer Accounts
- Finding the Accounts Payable Ratio
- Calculating the ratio
- What do the numbers mean?
- Determining the Number of Days in Accounts Payable
- Calculating the ratio
- What do the numbers mean?
- Deciding Whether Discount Offers Make Good Financial Sense
- Calculating the annual interest rate
- What do the numbers mean?
- Chapter 16 How Companies Keep the Cash Flowing
- Slowing Bill Payments
- Speeding Up Collecting Accounts Receivables
- Borrowing on Receivables
- Reducing Inventory
- Getting Cash More Quickly
- Part 5 The Many Ways Companies Answer to Others
- Chapter 17 How Companies Find Errors: The Auditing Process
- Inspecting Audits and Auditors
- Looking for mistakes
- Meeting Mr. or Ms. Auditor
- Examining Records: The Role of the Auditor
- Preliminary review
- Fieldwork
- Audit report
- Filling the GAAP
- Accounting standards: Four important qualities
- Changing principles: More work for the FASB
- Getting more involved internationally
- Chapter 18 Government Regulations and Reporting Requirements
- Checking Out the 10-Q
- Financial information
- Other critical matters
- Introducing the 10-K
- Business operations
- Financial data
- Information about directors and executives
- The extras
- Investigating Internal Controls
- Uncovering the Ways Companies Keep in Compliance
- Digging into Board Operations
- Understanding the nominating process
- Contacting board members