Interpreting and Analyzing Financial Statements

Interpreting and Analyzing Financial Statements

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Perfect for accounting courses where analyzing financial statements and understanding financial ratios is important!

This activity workbook helps readers analyze real company financial statement information and prepares readers for a capstone project creating a comprehensive financial statement analysis. Each activity concentrates on only one aspect of the analysis and uses data from well-known corporations to pique students' interest and add relevancy.
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Product details

  • Paperback | 208 pages
  • 213.36 x 274.32 x 10.16mm | 430.91g
  • Pearson
  • Upper Saddle River, NJ, United States
  • English
  • 3rd edition
  • 0130082163
  • 9780130082169

Table of contents

1. Introduction to Interpretation and Analysis.

Examining Total Assets: Comparing Companies. Examining Assets Within the Automobile Industry. Examining How Assets are Financed: Comparing Companies. Examining Net Sales: Comparing Companies. Ratio Analysis: Current Ratio. Ratio Analysis: Debt Ratio. Ratio Analysis: Return On Net Sales (ROS). Ratio Analysis: Asset Turnover. Ratio Analysis: Return on Total Assets (ROA). Test Your Understanding: A Review of Ratio Analysis. Trend Analysis: Income Statement. Trend Analysis: Balance Sheet. Common-Size Statement Analysis: Income Statement. Common-Size Statement Analysis: Balance Sheet. Test Your Understanding: A Review of Trend Analysis and Common-Size Statements. Internet Research: Using the Hoover's Website.

2. Analyzing the Balance Sheet.

Strategies for Analyzing the Balance Sheet. Preparing and Interpreting a Classified Balance Sheet: Assets. Preparing and Interpreting a Classified Balance Sheet: Liabilities and Stockholders' Equity. Trend Analysis. Common-Size Statements. Industry Norms: Eating Places. Analysis of Southwest Airlines Inc. Analysis of America Online Inc. Test Your Understanding: Analyzing the Balance Sheet. Internet Research: Using a Company Website.

3. Analyzing the Income Statement.

Strategies for Analyzing the Income Statement. Preparing and Interpreting a Multi-Step Income Statement. Analyzing the Income Statement: Using General Motors. Trend Analysis: Using the Walt Disney Company. Common-Size Statements. Industry Norms: Air Transportation, Scheduled. Analysis of AT&T Corporation. Analysis of Best Buy Company. Test Your Understanding: Analyzing the Income Statement. Internet Research: Using a Company Website.

4. Analyzing the Statement of Cash Flows.

Operating Activities. Investing Activities. Financing Activities. Operating, Investing, or Financing? Operating, Investing, or Financing? List Operating, Investing, and Financing Activities. Analysis of Pfizer. Analysis of Wal-Mart. Test Your Understanding: Statement of Cash Flows. Internet Research: Using a Company Website.

5. Further Ratio Analysis.

Researching Industry Norms. Acid-Test (Quick) Ratio. Days' Sales in Receivables. Accounts Receivable Turnover. Gross Margin Percentage. Inventory Turnover. Times-Interest-Earned. Return on Assets. Return on Common Shareholders Equity. Earning Per Share of Common Stock. Earnings Per Share of Common Stock. Price/Earnings (P/E Ratio). Dividend Yield. Book Value Per Share Common Stock. Test Your Understanding: A Review of Further Ratio Analysis. Internet Research: Using the Fortune Magazine Website.

6. Interpreting and Understanding Specific Accounts.

Cash and Cash Equivalents. Short-Term Investments. Accounts Receivable. Ethics Affecting Financial Statement Amounts: Accounts Receivable. Inventory. Ethics Affecting Financial Statement Amounts: Inventory. Property, Plant, and Equipment. Long-Term Investments. Current and Long-Term Liabilities. Stockholders' Equity. Current Market Interest Rates. Examining Bond Yields. Examining the Bond Market. Examining the Dow Jones Industrial Average: Using The Wall Street Journal. How to Read Stock Quotes: Using The Wall Street Journal. Following the Stock Market: Using The Wall Street Journal or the Internet. Internet Research: Examining Historical Stock Information.

7. Comprehensive Review.

Transactions Affecting Total Assets. Transactions Affecting Total Liabilities. Transactions Affecting Total Stockholders' Equity. Transactions Affecting Net Income. Multi-Step Income Statement. Which Financial Statement? Test Your Understanding: Comprehensive Analysis. Test Your Understanding: Comprehensive Analysis. Internet Research: Using the EDGAR Database.

8. Corporate Analysis.

Tell Me about Your Company. Prepare Financial Statements in Condensed Format and a Written Analysis. Compute Ratios and Compare to Industry Norms. Would You Advice a Friend to Invest in This Company?
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About Karen P. Schoenebeck

KARIN SCHOENEBECK C.P.A., received her M.B.A. from the University of Minnesota. EMPLO YMINTHIS TORY includes: Public accounting experience with Baird, Kurtz, and Dobson in Kansas and Shinners, Hucovski, and Company, S.C. in Wisconsin; More than fifteen years of teaching experience at Wichita State University, St. Norbert College in Wisconsin, and currently for Southwestern College of Kansas; Administrative experience as M.B.A. Program Director.

She is a published author of accounting books and supplementary materials published by Prentice Hall including: Karen Schoenebeck, Test Item File, to accompany Cost Accounting: A Managerial Emphasis, eleventh edition, by Horngren, Datar, and Foster published by Prentice Hall, 2003. (833 pages); Karen Schoenebeck and Linda Christensen, Test Item File, to accompany Management Accounting, third edition, by Atkinson, Banker, Kaplan, and Young published by Prentice Hall, 2002. (450 pages).

LEADERSHIP TRAINING PRACTITIONER presenting at more than 10 national conferences on topics that include Resolving Ethical Issues, Negotiating Conflict Situations, Essential Skills for Managing Change, Management Styles, Collaborative Skills: Building Effective Teams, Facilitation Skills, Presentation Skills, and Mentoring Relationships.

SERVICE TO PROFESSIONAL ORGANIZATIONS includes nine years of service on national board of directors of various accounting organizations and for the 1999-2000 term as National President of the Educational Foundation for Women in Accounting.

TRAVEL AND THE ARTS. Karen is a docent at the Wichita Art Museum and has experienced different cultures throw independent travel to over twenty-five countries in Europe, Asia, and North America Recently, she spent six weeks traveling independently throughout Asia.
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