Essentials of financial analysis by George T. Friedlob, Lydia L. F. Schleifer, L.F. Schleifer

By George T. Friedlob, Lydia L. F. Schleifer, L.F. Schleifer

  • Processes and strategies of monetary assertion analysis
  • Framework for comparing a company’s "quality of earnings"
  • Identifies power troublesome areas that must be investigated
  • Analytical instruments and strategies to satisfy the ambitions of other consumer groups

Essentials of monetary research

Full of invaluable guidance, recommendations, illustrative real-world examples, indicates, and most sensible practices, this useful and concise paperback can assist you stay awake up to now at the most modern pondering, ideas, advancements, and applied sciences in monetary research.

"Essentials of monetary research is a concise advisor with the mandatory source base for better patron choice via any expert whose perform is outdoor the sector of economic research. I want that necessities of economic research have been on hand to me twenty-seven years in the past while I shaped an engineering company. Its use is very recommended." –A. Ray Howland, PE, President, The Howland corporation, Inc.

"Drs. Friedlob and Schleifer have supplied an excellent advisor to interpreting monetary statements. Their insights and research suggestions can be invaluable to the monetary group. they've got supplied analysts with a street map to monetary enlightenment." –E. Lewis Bryan, DBA, CPA, traveling Professor of Accounting Suffolk collage, Boston, Massachusetts

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Sample text

Noncash assets would decrease when they are depreciated and an expense recorded (depreciation expense). 5. Noncash assets decrease and owners’ equity decreases when cer- tain investments (classified as available for sale) are written down to market value and the unrealized loss reported as a deduction to owners’ equity. 6. A liability (like wages or taxes payable) increases and an expense is recorded (wages or tax expense) when accruals are recorded at the end of an accounting period. 7. A liability increases and owners’ equity decreases when a dividend is declared (the dividend does not have to be paid yet to be recorded).

51 ESSENTIALS of Financial Analysis income. The lack of strict standardization in the definition of operating income makes it necessary to be careful to be consistent when comparing companies and to be aware of how investment research firms are calculating their numbers when analyzing companies’ and industries’ financial data and ratios. Discontinued Operations The three line items below earnings from continuing operations are not considered regularly recurring items, so they are separated out and reported net of their tax effect.

9. A liability decreases and revenues increase when a company per- forms a service that enables it to earn the payment received some time ago (or when time goes by and the rental payment received last month has now been earned). 10. Owners’ equity increases and expenses are recorded if an em- ployee is paid with stock instead of cash for services performed. 11. An increase and decrease occur completely within the owners’ equity accounts when a stock dividend is distributed. Notice that quite a few transactions can affect the income statement (revenues and expenses) without affecting cash at all.

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