Guide to Financial Reporting and Analysis
Today's fast-moving business environment and the increasing complexity of business itself have led to lengthier, more intricate corporate annual reports than ever before. As a result, the Financial Accounting Standards Board (FASB) has issued a substantial number of new requirements with far-reaching accounting and disclosure-related consequences for everything from pensions and post-retirement benefits to taxes, investments, financial derivatives, and mergers and acquisitions-and more are on the way.The mounting work created by these ever-changing, increasingly demanding new standards poses a daunting challenge to financial analysts as well as others responsible for evaluating corporate financial performance and position. Guide to Financial Reporting and Analysis was written to provide guidance and clarity to those who must effectively navigate these critical areas.Presented here are hundreds of real-world examples drawn from the contemporary corporate annual reports of companies readers will surely recognize, plus individual chapters dedicated to important components of the income statement, balance sheet, and cash flow statement.Interesting, informative, timely, and user-friendly, Guide to Financial Reporting and Analysis will provide the range of analysts, investors, money managers, and students of finance and accounting with an indispensable resource for the future.