Discover how to decipher financial reports
Especially relevant in today’s world of corporate scandals andnew accounting laws, the numbers in a financial report containvitally important information about where a company has been andwhere it is going.
Packed with new and updated information, Reading Financial Reports For Dummies, 3rd Edition gives you a quick but clearintroduction to financial reports-and how to decipher theinformation in them.
* New information on the separate accounting and financialreporting standards for private/small businesses versuspublic/large businesses
* New content to match SEC and other governmental regulatorychanges
* New information about how the analyst-corporate connection hasactually changed the playing field
* The impact of corporate communications and newtechnologies
* New examples that reflect current trends
* Updated websites and resources
Reading Financial Reports For Dummies is for investors, traders, brokers, managers, and anyone else who is looking for areliable, up-to-date guide to reading financial reportseffectively.
Table of Content
Introduction 1
Part I: Getting Started with Reading Financial Reports5
Chapter 1: Opening the Cornucopia of Reports 7
Chapter 2: Recognizing Business Types and Their Tax Rules 19
Chapter 3: Public or Private: How Company Structure Affects the Books 27
Chapter 4: Digging into Accounting Basics 41
Part II: Checking Out the Big Show: Annual Reports 57
Chapter 5: Exploring the Anatomy of an Annual Report 59
Chapter 6: Balancing Assets against Liabilities and Equity73
Chapter 7: Using the Income Statement 89
Chapter 8: The Statement of Cash Flows 105
Chapter 9: Scouring the Notes to the Financial Statements119
Chapter 10: Considering Consolidated Financial Statements137
Part III: Analyzing the Numbers 149
Chapter 11: Testing the Profits and Market Value 151
Chapter 12: Looking at Liquidity 169
Chapter 13: Making Sure the Company Has Cash to Carry On 179
Part IV: Understanding How Companies Optimize Operations191
Chapter 14: How Reports Help with Basic Budgeting 193
Chapter 15: Turning Up Clues in Turnover and Assets 203
Chapter 16: Examining Cash Inflow and Outflow 215
Chapter 17: How Companies Keep the Cash Flowing 225
Part V: The Many Ways Companies Answer to Others 233
Chapter 18: Finding Out How Companies Find Errors: The Auditing Process 235
Chapter 19: Digging into Government Regulations 245
Chapter 20: Creating a Global Financial Reporting Standard257
Chapter 21: Checking Out the Analyst-Corporation Connection 267
Chapter 22: How Companies Communicate with Shareholders 279
Chapter 23: Keeping Score When Companies Play Games with Numbers293
Part VI: The Part of Tens 315
Chapter 24: Ten (+1) Financial Scandals That Rocked the World317
Chapter 25: Ten Signs That a Company’s in Trouble 327
Glossary 333
Index 341
About the author
Lita Epstein, MBA, helps people develop business and personal financial and investing skills. She designs and teaches online courses on bookkeeping, accounting, starting a business, and finance and investing for women. She is the author of more than 40 books, including Bookkeeping For Dummies, Stock Charts For Dummies, and Trading For Dummies.
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