Table of Contents
PART I Learning Outcomes, Summary Overview, and Problems 1 CHAPTER 1 Financial Statement Analysis: An Introduction 3
Learning Outcomes 3
Summary Overview 4
Problems 5
CHAPTER 2 Financial Reporting Mechanics 7
Learning Outcomes 7
Summary Overview 8
Problems 8
CHAPTER 3 Financial Reporting Standards 13
Learning Outcomes 13
Summary Overview 14
Problems 15
CHAPTER 4 Understanding the Income Statement 19
Learning Outcomes 19
Summary Overview 20
Problems 22
CHAPTER 5 Understanding the Balance Sheet 27
Learning Outcomes 27
Summary Overview 28
Problems 29
CHAPTER 6 Understanding the Cash Flow Statement 33
Learning Outcomes 33
Summary Overview 34
Problems 35
CHAPTER 7 Financial Analysis Techniques 41
Learning Outcomes 41
Summary Overview 42
Problems 43
CHAPTER 8 International Standards Convergence 49
Learning Outcomes 49
Summary Overview 50
Problems 51
CHAPTER 9 Financial Statement Analysis: Applications 55
Learning Outcomes 55
Summary Overview 56
Problems 56
CHAPTER 10 Inventories 59
Learning Outcomes 59
Summary Overview 60
Problems 61
CHAPTER 11 Long-Lived Assets 65
Learning Outcomes 65
Summary Overview 66
Problems 67
CHAPTER 12 Income Taxes 71
Learning Outcomes 71
Summary Overview 72
Problems 73
CHAPTER 13 Long-Term Liabilities And Leases 79
Learning Outcomes 79
Summary Overview 80
Problems 81
CHAPTER 14 Employee Compensation: Postretirement And Share-Based 85
Learning Outcomes 85
Summary Overview 86
Problems 87
CHAPTER 15 Intercorporate Investments 95
Learning Outcomes 95
Summary Overview 95
Problems 97
CHAPTER 16 Multinational Operations 105
Learning Outcomes 105
Summary Overview 105
Problems 107
CHAPTER 17 Evaluating Financial Reporting Quality 115
Learning Outcomes 115
Summary Overview 116
Problems 117
PART II Solutions 121
CHAPTER 1 Financial Statement Analysis: An Introduction 123
Solutions 123
CHAPTER 2 Financial Reporting Mechanics 125
Solutions 125
CHAPTER 3 Financial Reporting Standards 129
Solutions 129
CHAPTER 4 Understanding the Income Statement 131
Solutions 131
CHAPTER 5 Understanding the Balance Sheet 135
Solutions 135
CHAPTER 6 Understanding the Cash Flow Statement 139
Solutions 139
CHAPTER 7 Financial Analysis Techniques 143
Solutions 143
CHAPTER 8 International Standards Convergence 149
Solutions 149
CHAPTER 9 Financial Statement Analysis: Applications 153
Solutions 153
CHAPTER 10 Inventories 155
Solutions 155
CHAPTER 11 Long-Lived Assets 159
Solutions 159
CHAPTER 12 Income Taxes 163
Solutions 163
CHAPTER 13 Long-Term Liabilities And Leases 167
Solutions 167
CHAPTER 14 Employee Compensation: Postretirement And Share-Based 171
Solutions 171
CHAPTER 15 Intercorporate Investments 175
Solutions 175
CHAPTER 16 Multinational Operations 179
Solutions 179
CHAPTER 17 Evaluating Financial Reporting Quality 183
Solutions 183
About the CFA Program 187
