financial statement analysis and valuation, 6e

Companies are. reviews, and interviews with faculty from across the country. easy to use assessment of a firm. We emphasized. For representative examples, SEE PAGES 3-33, 4-32, 13-5. Net income $1,338. We typically see this occur with individuals who have moved recently or individuals using a school address instead of a home address. latest version and we encourage you to test and preview our eBook on your device before purchasing. analysis. You can just buy course access. Professor Eastons research on corporate valuation has been published in the Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Review of Accounting Studies, and Journal of Business Finance and Accounting. experiential learning, we conclude each module with a handson analysis To Mary Lea McAnally is the Philip Ljundahl Professor of Accounting at the Mays Business School at Texas A&M. and Tax Law. Corrections to identified errors in the first printing of the text. preferences, and course lengths vary across colleges. can be spent on Modules 1 through 10. Explanation PM = Net income / Revenue = $1,338 / $7,357 = 18%. the skills needed to Revenues 15,740. No need to wait for office hours or assignments to be graded to find out where you took a wrong turn. Please ensure that your code is being entered correctly. and hybrid learning. These authorcreated PowerBI dashboards The statement of stockholders equity reports on the changes to each flow effects (via the cash column) and the statement practices, and other procedures that have evolved over time in response to the need to equity (ROE) is a fundamental measure of financial performance. Prior to arriving at Texas A&M in 2002, Professor McAnally held positions at University of Texas at Austin, Canadian National Railways, and Dunwoody and Company. Opportunities and Threats (both external factors). legal, Walmartbuyer power due to size and cost leader, Pfizerproduct differentiation arising from specific compounds and barriers to entry due to Cash from financing activities (914) true. Seagates independent auditor is EYLLP. For representative examples, SEE PAGES ,,_. Michael Browner 2014 20,247 -7% xv) : an American History (Eric Foner), The Methodology of the Social Sciences (Max Weber), Biological Science (Freeman Scott; Quillin Kim; Allison Lizabeth), Chemistry: The Central Science (Theodore E. Brown; H. Eugene H LeMay; Bruce E. Bursten; Catherine Murphy; Patrick Woodward), Forecasting, Time Series, and Regression (Richard T. O'Connell; Anne B. Koehler). Financial Statement Analysis and Valuation with Access 6th Author (s) Peter Easton Mary Lea McAnally Gregory Sommers Published 2020 Publisher Cambridge Business Publishers Format Hardcover w/ access code ISBN 978-1-61853-360-9 Edition 6th, Sixth, 6e Reviews Find in Library Searching bookstores for the lowest price. 1 is correct because 2017s PM is Balance Sheet ($ millions) Professor Easton has served as an associate editor for 11 leading accounting journals and he is currently an associate editor for the Journal of Accounting Research, Journal of Business Finance and Accounting, and Journal of Accounting, Auditing, and Finance. valuation techniques and concepts 1 I SENBERG S CHOOL OF M ANAGEMENT D EPARTMENT OF A CCOUNTING SCH-MGMT 705 - Financial Statement Analysis & Valuation SPRING 2022 CLASS # 37223 (ONLINE ONLY ) Instructor: Yao Yu, Ph.D. Email: [email protected] Teaching Assistant: Sarah Thorrick, CPA Email: [email protected] Course Description This course is intended to be a first course in financial statement analysis and to introduce and . Format. We He has served as chairman of the Trueblood Seminar for Professors sponsored by Deloitte. Cengage Learning. Current liabilities = $7,410 - $6,376 = $1,033. Q1-1. students to apply the material presented to solving actual business scenarios. Q1-3. visualizations (charts, In response to adopter feedback, we have information longer if they can apply the lessons learned from the module She obtained her Ph.D. from Stanford University and B. Comm. Second, Cash dividends (49) accounting choices. As where they can interact with the. Add to Cart Have one to sell? Professor Easton has held appointments at the University of Chicago, the University of California at Berkeley, Ohio State University, Macquarie University, the Australian Graduate School of Management, the University of Melbourne, Tilburg University, National University of Singapore, Seoul National University, and Nyenrode University. Q1-9. the EITF, and the SEC. for the missing number. autho, created PowerBI dashboards The income statement provides majors. Analyst Adjustments are incorporated throughout the text and illustrate begins each chapter and makes it easy to create online incorporate the following financial statement effects template to train For representative examples, SEE PAGES 3-4, 8-14, 11-19. decision extend to all other employees. The first focuses on the mechanics of financial statement analysis, ratio analysis, and financial model building. Net increase (decrease) in cash 25. ,eachmodule opens with a data dashboard and it influencing GAAP-based (accrual measures) because the latter are rife with New; Used; Add to Booklist; More Details. 0357722094. students interested in financial analysis and valuation by providing the most responsibility is to express an opinion on these financial statements based on our (20) and Aaa (12). reviews, and interviews with faculty from across the country. Stockholders' equity 7,891. Increase student readiness with eLecture videos for each module's learning objectives and concepts, Review videos created by the authors show students how to solve Review problems throughout the text, immediate feedback with Auto-graded homework, Test Bank questions that can be incorporated into your assignment material, and instructor Gradebook with immediate grade results. Companies are increasingly using data Operating activitieswill likely increase because the additional equipment is to either Please review our browser version requirements below: For the best experience, please upgrade to the latest version of your browser. Excellentassignment material project. impacts on financial statements. Increase student readiness with eLecture videos for each module's learning objectives and concepts, Review videos created by the authors show students how to solve Review problems throughout the text, immediate feedback with Auto-graded homework, Test Bank questions that can be incorporated into your assignment material, and instructor Gradebook with immediate grade results. Financial Statement Analysis and Valuation 5th edition We have solutions for your book! 2013 21,848 -45% that end, each module incorporates a focus company for special emphasis and demonstration. Management and other Employees of your companyrepercussions of your iii) Preface (pg. goal in writing this book is to address the needs of todays instructors and Publisher. for the products or services enough to cover the costs to bring them to market and to applications for student learning. Plan business activities 5. Use of included video content to allow students to revisit accounting topics as often as they like or until mastered. Publication date. Eachmodules content is explained Statement Analysis & Valuation were designed independently of one another. Newtechnologies are changing the landscape of accounting and financial Our eBook is browser-based and it is our goal to support the widest selection of devices available, from desktops, laptops, tablets, and smartphones. and expenses making up net income or net loss. appraisers. with the He has taught financial statement analysis and valuation for over ten years at the graduate level and his teaching materials were previously utilized as resources for another textbook in this area. e. SCF. the sources (inflows) and uses (outflows) of cash, that is, where the company got its His research has been published in Journal of Accounting Research andJournal of Business, Finance, and Accounting. Modules 5 through 10 offer an analysis of accounting numbers and disclosures. This book accommodates minicourses lasting only a few days as well that the financial statement analysis and valuation course is not directed relevant research to help students We are grateful Use this coupon code at checkout and enjoy the savings! TofamiliarizestudentswithDataVisualization and Analytics,eachmodule opens with a data dashboard and it A more meaningful This book is the product of extensive market c. Although Target sells some of its merchandise via its Website, the majority of its sales to more effectively convey financial information. The statement of cash flows identifies Make instruction needs-based by identifying where students are struggling and customize your instruction to their needs. eliminated redundant discussions spanning Modules 3, 4, and 7 related to credit working on mechanical tasks. Read more. content. AMD liabilities: $2,956 + $334 = $3,290. This book accommodates minicourses lasting only a few days as well Accordingly and to the extent possible, the 15 modules that make up Financial For instructors desiring greater emphasis earned capital account is immediately updated to For those desiring J M Smucker Co We recommend that you upgrade your browser to the Companies are increasingly using can be spent on Modules 1 through 10. The income statement covers a period of time. For representative examples,SEE PAGES 5-14; 6-28; 7-7. For the year ended April 30, 2018 b. goodwill, Step 1 Business Environment and Accounting, Five-Forces Analysis of Business Environment, Step 2 Adjusting and Analyzing Financial Data, Managerial Choices in Financial Reporting, Financial Statement Analysis in an Efficient Capital Market, Appendix 1A: Financial Statement Data and Analytics, Interpreting A Statement of Stockholders Equity, Accounting Cycle Step 1-Analyze Transactions and Prepare Entries, Applying the Financial Statement Effects Template, Accounting Cycle Step 2-Prepare Accounting Adjustments, Accounting Cycle Step 3-Prepare Financial Statements, Analysis of Profitability and Productivity, Balance Sheet Analysis with an Operating Focus, Income Statement Analysis with an Operating Focus, Operating Line Items on the Income Statement, Nonoperating Line Items on the Income Statement, RNOA Disaggregation into Margin and Turnover, Appendix 3A: Operating versus Nonoperating Classification, Appendix 3B: Nonoperating Return Component of ROE, Nonoperating Return- With Substantial Net Nonoperating Assets: Amazon, Nonoperating Return- With Noncontrolling Interest: AT&T, Appendix 3C: Vertical and Horizontal Analysis, Performance Obligations Satisfied Over Time, Foreign Currency Effects on Revenue, Expenses, and Cash Flow, Analysis of Accounts Receivable-Magnitude, Financial Statement Effects of Inventory Costing, LIFO Reserve Adjustments to Financial Statements, Days Inventory Outstanding and Inventory Turnover, Analyzing PPE Assets-Capitalization and Depreciation, Research and Development Facilities and Equipment, Analyzing PPE Assets-Sales, Impairments, and Restructuring, Accruals for Contractual Liabilities-Wages Payable Example, Accruals for Contractual Liabilities-Deferred Revenue Example, Accruals for Contingent Liabilities Defined, Accruals for Contingent Liabilities-Warranties Example, Financial Statement Effects of Bond Repurchase, Analyzing Stockholders Equity and Classes of Stock, Characteristics of Stock-Based Compensation Plans, Analysis of Stock-Based Compensation Plans, Footnote Disclosures for Stock-Based Compensation, Analyzing Accumulated Other Comprehensive Income (AOCI), Appendix 8A: Stock-Based Compensation: Reporting and Analyzing, Analyzing Equity Investments with Significant Influence, Analyzing Equity Investments with Control, Lessee Reporting Example-Microsoft Corporation, Summary of Lease Accounting and Reporting, Defined Benefit Pension Plans on the Balance Sheet, Analysis Issue-Sufficiency of Plan Assets to Pay Pension Obligations, Defined Benefit Pension Plans on the Income Statement, Timing Differences Create Deferred Tax Assets and Liabilities, Appendix 10A: Lease Accounting Example- Finance and Operating Leases, Appendix 11A: Forecasting the Statement of Cash Flows, Appendix 11B: Multiyear Forecasting with Target Cash and New Debt Financing, Appendix 11C: Parsimonious Method for Forecasting NOPAT and NOA, Multiyear Forecasting with Parsimonious Method, Appendix 11D: Morgan Stanleys Forecast Report on Procter & Gamble, Cost of Equity Capital Using the Capital Asset Pricing Model, Cost of Equity Capital Using a Multi-Factor Model, Dividend Discount Model with Constant Perpetuity, Dividend Discount Model with Increasing Perpetuity, Issues in Applying the Dividend Discount Model, Appendix 12A: Estimating Cost of Equity Capital, Appendix 13A: Financial Statements for Procter & Gamble, Appendix 13B: Derivation of Free Cash Flow Formula, Appendix 13C: Deutsche Bank Valuation of Procter & Gamble, Management Focus on Improved Profitability, Application of the Model Using Market Multiples, Valuation Using a Net Operating Asset (NOA) Multiple, Valuation Using a Book Value (BV) Multiple, Valuation Using Income Statement Multiples, Valuation Using a Net Operating Profit After Tax (NOPAT) Multiple, Valuation Using a Net Income (NI) Multiple, Combining Estimates from Differing Multiples, Selecting Comparables for Market Multiples, Deriving Price-to-Book from Residual Operating Income Model, PB Ratios in Relation to Profitability, Growth, and Risk, Deriving Price-to-Earnings from Residual Operating Income Model, PE Ratios in Relation to Profitability, Growth, and Risk, Interpreting and Reverse Engineering Market Multiples, Interpreting and Reverse Engineering the PB Ratio, Interpreting and Reverse Engineering the PE Ratio, Perspective on Valuation Multiples and Fundamental Analysis, Steps to Compute Net Cash Flow from Operating Activities, Computing Cash Flows from Investing Activities, Computing Cash Flows from Balance Sheet Accounts, Supplemental Disclosures for Indirect Method, Usefulness of the Statement of Cash Flows, Appendix BB: Direct Method Reporting for Statement of Cash Flows, Converting Revenues and Expenses to Cash Flows, Convert Sales to Cash Received from Customers, Convert Cost of Goods Sold to Cash Paid for Merchandise Purchased, Convert Wages Expense to Cash Paid to Employees, Convert Insurance Expense to Cash Paid for Insurance, Eliminate Depreciation Expense and Other Noncash Operating Expenses, Convert Income Tax Expense to Cash Paid for Income Taxes, Omit Gains and Losses Related to Investing and Financing Activities, Business Environment for Financial Reporting, Statement of Cash Flows Reporting and Analysis, Assessing Profitability and Creditworthiness, Disaggregation of RNOA-Margin and Turnover, Summarizing Profitability and Creditworthiness, Financial Statement Analysis & Valuation, 6e. 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