International Financial Statement Analysis, 4e Set

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• International Financial Statement Analysis TOC:Preface xvAcknowledgments xviiAbout the CFA Institute Investment Series xixChapter 1 Introduction to Financial Statement Analysis 1Learning Outcomes 11. Introduction 12. Roles of Financial Reporting and Financial Statement Analysis 23. Primary Financial Statements and Other Information Sources 84. Financial Statement Analysis Framework 285. Summary 32References 34Practice Problems 34Chapter 2 Financial Reporting Standards 37Learning Outcomes 371. Introduction 372. The Objective of Financial Reporting 383. Standard-Setting Bodies and Regulatory Authorities 394. The International Financial Reporting Standards Framework 465. Comparison of IFRS with Alternative Reporting Systems 536. Monitoring Developments in Financial Reporting Standards 557. Summary 57Practice Problems 58Chapter 3 Understanding Income Statements 61Learning Outcomes 611. Introduction 622. Components and Format of the Income Statement 623. Revenue Recognition 684. Expense Recognition 735. Non-Recurring Items and Non-Operating Items 846. Earnings per Share 907. Analysis of the Income Statement 998. Comprehensive Income 1039. Summary 106Practice Problems 108Chapter 4 Understanding Balance Sheets 113Learning Outcomes 1131. Introduction 1132. Components and Format of the Balance Sheet 1143. Current Assets and Current Liabilities 1184. Non-Current Assets 1275. Non-Current Liabilities 1396. Equity 1417. Analysis of the Balance Sheet 1458. Summary 156Practice Problems 158Chapter 5 Understanding Cash Flow Statements 163Learning Outcomes 1631. Introduction 1632. Components and Format of the Cash Flow Statement 1643. The Cash Flow Statement: Linkages and Preparation 1774. Cash Flow Statement Analysis 1925. Summary 205Practice Problems 206Chapter 6 Financial Analysis Techniques 213Learning Outcomes 2131. Introduction 2132. The Financial Analysis Process 2143. Analytical Tools and Techniques 2184. Common Ratios Used in Financial Analysis 2345. Equity Analysis 2626. Credit Analysis 2687. Business and Geographic Segments 2708. Model Building and Forecasting 2749. Summary 275References 275Practice Problems 276Chapter 7 Inventories 283Learning Outcomes 2831. Introduction 2832. Cost of Inventories 2853. Inventory Valuation Methods 2864. The LIFO Method 2955. Inventory Method Changes 3036. Inventory Adjustments 3047. Evaluation of Inventory Management 3118. Summary 323Practice Problems 325Chapter 8 Long-Lived Assets 339Learning Outcomes 3391. Introduction 3402. Acquisition of Long-Lived Assets 3403. Depreciation and Amortization of Long-Lived Assets 3594. The Revaluation Model 3695. Impairment of Assets 3736. Derecognition 3767. Presentation and Disclosures 3798. Investment Property 3899. Summary 393Practice Problems 395Chapter 9 Income Taxes 407Learning Outcomes 4071. Introduction 4082. Differences between Accounting Profit and Taxable Income 4083. Determining the Tax Base of Assets and Liabilities 4134. Temporary and Permanent Differences Between Taxable and Accounting Profit 4185. Unused Tax Losses and Tax Credits 4236. Recognition and Measurement of Current and Deferred Tax 4247. Presentation and Disclosure 4288. Comparison of IFRS and US GAAP 4339. Summary 436Practice Problems 437Chapter 10 Non-Current (Long-Term) Liabilities 443Learning Outcomes 4431. Introduction 4432. Bonds Payable 4443. Leases 4644. Introduction to Pensions and Other Post- Employment Benefits 4685. Evaluating Solvency: Leverage and Coverage Ratios 4726. Summary 475Practice Problems 477Chapter 11 Financial Reporting Quality 483Learning Outcomes 4831. Introduction 4842. Conceptual Overview 4843. Context for Assessing Financial Reporting Quality 5014. Detection of Financial Reporting Quality Issues 5105. Summary 538References 539Practice Problems 540Chapter 12 Applications of Financial Statement Analysis 545Learning Outcomes 5451. Introduction 5452. Application: Evaluating Past Financial Performance 5463. Application: Projecting Future Financial Performance 5504. Application: Assessing Credit Risk 5595. Application: Screening for Potential Equity Investments 5616. Analyst Adjustments to Reported Financials 5657. Summary 573References 574Practice Problems 574Chapter 13 Intercorporate Investments 577Learning Outcomes 5771. Introduction 5772. Basic Corporate Investment Categories 5783. Investments in Financial Assets: IFRS 9 5794. Investments in Associates and Joint Ventures 5835. Business Combinations 5956. Summary 614Practice Problems 615Chapter 14 Employee Compensation: Post-Employment and Share-Based 627Learning Outcomes 6271. Introduction 6272. Pensions and Other Post-Employment Benefits 6283. Share-Based Compensation 6564. Summary 662Reference 663Practice Problems 663Chapter 15 Multinational Operations 673Learning Outcomes 6731. Introduction 6742. Foreign Currency Transactions 6753. Translation of Foreign Currency Financial Statements 6884. Multinational Operations and a Company’s Effective Tax Rate 7275. Additional Disclosures on the Effects of Foreign Currency 7306. Summary 734Practice Problems 736Chapter 16 Analysis of Financial Institutions 749Learning Outcomes 7491. Introduction 7492. What Makes Financial Institutions Different? 7503. Analyzing a Bank 7564. Analyzing an Insurance Company 8005. Summary 816Practice Problems 817Chapter 17 Evaluating Quality of Financial Reports 825Learning Outcomes 8251. Introduction 8252. Quality of Financial Reports 8273. Evaluating the Quality of Financial Reports 8404. Earnings Quality 8455. Cash Flow Quality 8676. Balance Sheet Quality 8767. Sources of Information about Risk 8808. Summary 892References 894Practice Problems 896Chapter 18 Integration of Financial Statement Analysis Techniques 901Learning Outcomes 9011. Introduction 9012. Case Study: Long-Term Equity Investment 9033. Summary 933Practice Problems 933Glossary 937About the Editors 947About the CFA Program 949Index 951International Financial Statement Analysis SOLUTIONS TOC:Part I Learning Objectives, Summary Overview, and Problems 1Chapter 1 Introduction to Financial Statement Analysis 3Learning Outcomes 3Summary Overview 3Problems 5Chapter 2 Financial Reporting Standards 9Learning Outcomes 9Summary Overview 9Problems 10Chapter 3 Understanding Income Statements 13Learning Outcomes 13Summary Overview 14Problems 15Chapter 4 Understanding Balance Sheets 21Learning Outcomes 21Summary Overview 21Problems 23Chapter 5 Understanding Cash Flow Statements 29Learning Outcomes 29Summary Overview 29Problems 30Chapter 6 Financial Analysis Techniques 37Learning Outcomes 37Summary Overview 37Problems 38Chapter 7 Inventories 45Learning Outcomes 45Summary Overview 45Problems 47Chapter 8 Long-Lived Assets 63Learning Outcomes 63Summary Overview 64Problems 65Chapter 9 Income Taxes 77Learning Outcomes 77Summary Overview 77Problems 78Chapter 10 Non-Current (Long-Term) Liabilities 83Learning Outcomes 83Summary Overview 83Problems 85Chapter 11 Financial Reporting Quality 91Learning Outcomes 91Summary Overview 91Problems 93Chapter 12 Applications of Financial Statement Analysis 97Learning Outcomes 97Summary Overview 97Problems 98Chapter 13 Intercorporate Investments 101Learning Outcomes 101Summary Overview 101Problems 102Chapter 14 Employee Compensation: Post-Employment and Share-Based 113Learning Outcomes 113Summary Overview 113Problems 115Chapter 15 Multinational Operations 125Learning Outcomes 125Summary Overview 125Problems 127Chapter 16 Analysis of Financial Institutions 139Learning Outcomes 139Summary Overview 139Problems 140Chapter 17 Evaluating Quality of Financial Reports 149Learning Outcomes 149Summary Overview 149Problems 151Chapter 18 Integration of Financial Statement Analysis Techniques 157Learning Outcomes 157Summary Overview 157Problems 158Part II Solutions 161Chapter 1 Introduction to Financial Statement Analysis 163Solutions 163Chapter 2 Financial Reporting Standards 165Solutions 165Chapter 3 Understanding Income Statements 167Solutions 167Chapter 4 Understanding Balance Sheets 171Solutions 171Chapter 5 Understanding Cash Flow Statements 175Solutions 175Chapter 6 Financial Analysis Techniques 179Solutions 179Chapter 7 Inventories 183Solutions 183Chapter 8 Long-Lived Assets 191Solutions 191Chapter 9 Income Taxes 197Solutions 197Chapter 10 Non-Current (Long-Term) Liabilities 199Solutions 199Chapter 11 Financial Reporting Quality 207Solutions 207Chapter 12 Applications of Financial Statement Analysis 211Solutions 211Chapter 13 Intercorporate Investments 213Solutions 213Chapter 14 Employee Compensation: Post-Employment and Share-Based 219Solutions 219Chapter 15 Multinational Operations 225Solutions 225Chapter 16 Analysis of Financial Institutions 233Solutions 233Chapter 17 Evaluating Quality of Financial Reports 241Solutions 241Chapter 18 Integration of Financial Statement Analysis Techniques 245Solutions 245About the CFA Program 247