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The comprehensive guide on how to read a financial report : wringing vital signs out of the numbers
Author
Title
The comprehensive guide on how to read a financial report : wringing vital signs out of the numbers / John A. Tracy and Tage C. Tracy.
ISBN
9781118820834
1118820835
9781118820889
1118820886
9781306373746
1306373743
1118735714
9781118735718
9781118735718
Publication
Hoboken, New Jersey : Wiley, [2014]
Physical Description
1 online resource
Local Notes
Access is available to the Yale community.
Notes
Includes index.
Access and use
Access restricted by licensing agreement.
Summary
A comprehensive guide to reading and understanding financial reports Financial reports provide vital information to investors, lenders, and managers. Yet, the financial statements in a financial report seem to be written in a foreign language that only accountants can understand. This comprehensive version of How to Read a Financial Report breaks through that language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. The bookfeatures new information on the move toward separate financial and accounting reporting standards for private companies, the emergence of websites offering financial information, pending changes in the auditor's report language and what this means to investors, and requirements for XBRL tagging in reporting to the SEC, among other topics.-Makes it easy to understand what financial reports really say -Updated to include the latest information financial reporting standards and regulatory changes -Written by an author team with a combined 50-plus years of experience in financial accounting -This comprehensive edition includes an ancillary website containing valuable additional resources With this comprehensive version of How to Read a Financial Report, investors will find everything they need to fully understand the profit, cash flow, and financial condition of any business.
Variant and related titles
O'Reilly Safari. OCLC KB.
Other formats
Print version: Tracy, John A. Comprehensive guide on how to read a financial report. Hoboken, New Jersey : John Wiley & Sons, Inc., [2014]
Format
Books / Online
Language
English
Added to Catalog
January 10, 2020
Contents
Title; Copyright; List of Exhibits; Preface; Part One: Financial Report Fundamentals; Chapter 1: Financial Statement Basics; The Big Three-Financial Condition, Profit Performance, and Cash Flows; Additional Financial Statement Considerations and Concepts; An Important Concept to Understand Throughout This Book; Chapter 2: Starting with Cash Flows; Cash Flows-Just How Important Is It for a Business?; Cash Flows-What Does It Not Tell You?; Profit and Losses Cannot Be Measured by Cash Flows; Cash Flows Do Not Reveal Financial Condition; Chapter 3: Mastering the Balance Sheet.
Solvency versus LiquidityBalance Sheet Basics-Left and Right, Top to Bottom; The Balance Sheet Message; Chapter 4: Understanding Profit; Why Discuss Profits Last?; An Important Question; Nature of Profit; Recording Revenue and Expenses; Winding Up; Chapter 5: Profit Isn't Everything and All Things; Remember-Everything's Connected; Threefold Financial Task of Business Managers; One Problem in Reporting Financial Statements; Interlocking Nature of the Three Financial Statements; Connecting the Dots and Expanding Your Knowledge of Financial Reports; Part Two: Working Capital Connections.
Chapter 6: Our Case Study-Company IntroductionsCompany Overviews; HareSquared, Inc.; TortTech, Inc.; Friendly Reminders; Chapter 7: Sales Revenue, Trade Accounts Receivable, and Deferred Revenue; Exploring One Link at a Time; How Sales Revenue Drives Accounts Receivable; A Special Link
How Accounts Receivable Drives Deferred Revenue; Accounting Issues and Our Case Study; Chapter 8: Cost(s) of Goods Sold Expense and Inventory; Exploring Our Second Critical Link; What Is in Costs of Goods Sold Expense?; Holding Products in Inventory before They Are Sold; Accounting Issues and Our Case Study.
Chapter 9: Inventory and Accounts PayableExamining Our Third Link, with a Twist; Acquiring Inventory on the Cuff; Accounting Issues and Our Case Study; Chapter 10: Operating Expenses and Accounts Payable; The Connection Is Important but Let's Start with the Basics; Recording Expenses before They Are Paid; Accounting Issues and Our Case Study; Chapter 11: Accruing Liabilities for Incurred but Unpaid Expenses; Understanding Hidden Risks with This Connection; Recording the Accrued Liability for Operating Expenses; Accounting Issues and Our Case Study.
Chapter 12: Income Tax Expense-A Liability and Asset?Why the Income Tax Connection Can Be Very Confusing; Taxation of Business Profit; Accounting Issues and Our Case Study; Part Three: Financial Capital Connections and Cash Flows; Chapter 13: Our Case Study-Company Updates and Assessments; The Big Picture-Comparing Both Companies; HareSquared, Inc. Update; TortTech, Inc. Update; What's Next?; Chapter 14: Long-Term Assets and Depreciation, Amortization, and Other Expenses; A Brief Review of Expense Accounting; Fixed Assets and Depreciation Expense; Intangible Assets and Amortization Expense.
Issue number
EB00212837 Recorded Books
Subjects
Also listed under
Safari Books Online (Firm)
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