How to read a financial report
Subtitle: wringing vital signs out of the numbers
By: John A. Tracy and Tage C. Tracy
Contributors: Tracy, Tage C.
Edition: Eighth edition.
Published: 2014
Language: eng
Number of pages: 223
ISBN-13: 9781118735848
Subjects: Financial statements
Description: "An updated new edition of the 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 new Eighth Edition 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. This updated edition features 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 With this new edition 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"--
Notes: Includes index.
Table of contents: title: Machine generated contents note: pt. One Fundamentals; title: 1.Starting with Cash Flows; title: 2.Three Financial Statements; title: 3.Profit Accounting; title: 4.Profit Isn't Everything; title: pt. Two Connections; title: 5.Sales Revenue and Accounts Receivable; title: 6.Cost of Goods Sold Expense and Inventory; title: 7.Inventory and Accounts Payable; title: 8.Operating Expenses and Accounts Payable; title: 9.Operating Expenses and Prepaid Expenses; title: 10.Depreciation Expense and Property, Plant, and Equipment; Intangible Assets; title: 11.Accruing the Liability for Unpaid Expenses; title: 12.Income Tax Expense and Its Liability; title: 13.Net Income and Retained Earnings; Earnings per Share (EPS); title: pt. Three Cash Flow; title: 14.Cash Flow from Operating (Profit-Making) Activities; title: 15.Cash Flows from Investing and Financing Activities; title: 16.Growth and Decline Impacts on Cash Flow; title: pt. Four Analysis; title: 17.Footnotes to Financial Statements; title: 18.Financial Statement Ratios; title: 19.Profit Analysis for Business Managers; title: pt. Five Truthfulness; title: Contents note continued: 20.Choosing Accounting Methods and Massaging the Numbers; title: 21.Audits of Financial Reports; title: 22.Basic Questions, Basic Answers; title: 23.Small Business Financial Reporting.