CONTENTS

1. Cover
2. PART I Learning Objectives, Summary Overview, and Problems
   1. CHAPTER 1 Introduction to Financial Statement Analysis
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   2. CHAPTER 2 Financial Reporting Standards
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   3. CHAPTER 3 Understanding Income Statements
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   4. CHAPTER 4 Understanding Balance Sheets
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   5. CHAPTER 5 Understanding Cash Flow Statements
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   6. CHAPTER 6 Financial Analysis Techniques
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   7. CHAPTER 7 Inventories
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   8. CHAPTER 8 Long-Lived Assets
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   9. CHAPTER 9 Income Taxes
      1. Learning Outcomes
      2. Summary Overview
      3. Problems
   10. CHAPTER 10 Non-Current (Long-Term) Liabilities
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
   11. CHAPTER 11 Financial Reporting Quality
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
   12. CHAPTER 12 Applications of Financial Statement Analysis
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
   13. CHAPTER 13 Intercorporate Investments
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
   14. CHAPTER 14 Employee Compensation: Post-Employment and Share-Based
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
   15. CHAPTER 15 Multinational Operations
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
   16. CHAPTER 16 Analysis of Financial Institutions
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
   17. CHAPTER 17 Evaluating Quality of Financial Reports
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
   18. CHAPTER 18 Integration of Financial Statement Analysis Techniques
       1. Learning Outcomes
       2. Summary Overview
       3. Problems
3. PART II Solutions
   1. CHAPTER 1 Introduction to Financial Statement Analysis
      1. Solutions
   2. CHAPTER 2 Financial Reporting Standards
      1. Solutions
   3. CHAPTER 3 Understanding Income Statements
      1. Solutions
   4. CHAPTER 4 Understanding Balance Sheets
      1. Solutions
   5. CHAPTER 5 Understanding Cash Flow Statements
      1. Solutions
   6. CHAPTER 6 Financial Analysis Techniques
      1. Solutions
   7. CHAPTER 7 Inventories
      1. Solutions
   8. CHAPTER 8 Long-Lived Assets
      1. Solutions
   9. CHAPTER 9 Income Taxes
      1. Solutions
   10. CHAPTER 10 Non-Current (Long-Term) Liabilities
       1. Solutions
   11. CHAPTER 11 Financial Reporting Quality
       1. Solutions
   12. CHAPTER 12 Applications of Financial Statement Analysis
       1. Solutions
   13. CHAPTER 13 Intercorporate Investments
       1. Solutions
   14. CHAPTER 14 Employee Compensation: Post-Employment and Share-Based
       1. Solutions
   15. CHAPTER 15 Multinational Operations
       1. Solutions
   16. CHAPTER 16 Analysis of Financial Institutions
       1. Solutions
   17. CHAPTER 17 Evaluating Quality of Financial Reports
       1. Solutions
   18. CHAPTER 18 Integration of Financial Statement Analysis Techniques
       1. Solutions
4. About the CFA Program
5. End User License Agreement

List of Illustrations

1. Chapter 4
   1. Exhibit 1 Common-Size Balance Sheets for Company A, Company B, and Sector Average
2. Chapter 6
   1. Exhibit 1
3. Chapter 7
   1. Exhibit 1 Units Purchased and Sold (first quarter)
   2. Exhibit 2 Comparison of Inventory Methods and Models
   3. Exhibit 1 Century Chocolate Income Statements (CHF Millions)
   4. Exhibit 2 Century Chocolate Balance Sheets (CHF Millions)
   5. Exhibit 3 Century Chocolate Supplementary Footnote Disclosures: Inventories (CHF Millions)...
   6. Exhibit 4 Century Chocolate Inventory Record for Purchased Lemon Drops
   7. Exhibit 5 Century Chocolate Net Realizable Value Information for Black Licorice Jelly Bean...
   8. Exhibit 1 Balance Sheet Information (US$ Millions)
   9. Exhibit 2 Income Statement Information (US$ Millions)
   10. Exhibit 1 Selected Financial Information (US$ Millions)
   11. Exhibit 2 Industry Information
   12. Exhibit 1 Consolidated Balance Sheets ( Millions)
   13. Exhibit 2 Consolidated Statements of Income ( Millions)
   14. Exhibit 3 Selected Disclosures in the 2018 Annual Report
4. Chapter 8
   1. Exhibit 1 Consolidated Statement of Income
   2. Exhibit 2 Consolidated Balance Sheet
5. Chapter 13
   1. Exhibit 1 Selected Financial Statement Information for Cinnamon, Inc. (£ Millions)
   2. Exhibit 2 Selected Financial Statement Information for Cambridge Processing (£ Millions)
   3. Exhibit 1 Selected Financial Statement Estimates for Zimt AG (€ Millions)
   4. Exhibit 2 Selected Financial Statement Estimates for Oxbow Limited (€ Millions)
   5. Exhibit 1 Confabulated’s Investment Portfolio (€ Thousands)
   6. Exhibit 1 Selected Financial Statement Forecasts for Joint Venture ($ Millions)
   7. Exhibit 1 NinMount PLC and Boswell Company Income Statements for the Year Ended December 3...
   8. Exhibit 2 NinMount PLC and Boswell Company Balance Sheets at December 31, 2018 (£ millions...
   9. Exhibit 1 Blanca Co. Balance Sheet at December 31, 2018 ($ millions)
   10. Exhibit 2 Selected Financial Data for Rainer Co., Year Ending December 31, 2018 ($ million...
   11. Exhibit 3 Selected Financial Data for Topmaker, Inc., Estimated Year Ending December 31, 2...
6. Chapter 14
   1. Exhibit 1 Kensington plc Defined Benefit Pension Plan
   2. Exhibit 2 XYZ SA Retirement Plan Information 2009
   3. Exhibit 3 XYZ SA Volatility Assumptions Used to Value Stock Option Grants
   4. Exhibit 4 Assumptions Used for Stereo Warehouse Defined Benefit Plan
   5. Exhibit 5 Option Valuation Assumptions
   6. Exhibit 1 Select XYZ Defined Benefit Pension Plan Data
   7. Exhibit 2 Select XYZ Balance Sheet and Cash Flow Data (in $ millions)
   8. Exhibit 3 Sensitivity of Accumulated Post-Employment Benefit Obligations to Changes in Ass...
7. Chapter 15
   1. Exhibit 1 Consol-Can Condensed Balance Sheet for Fiscal Years Ending December 31 (C$ milli...
   2. Exhibit 2 Exchange Rate Information
   3. Exhibit 1 Forecasted Balance Sheet Data for Julius, December 31, 20X2 (€ millions)
   4. Exhibit 2 Exchange Rates ($/€)
   5. Exhibit 1 Selected Financial Data for Acceletron, December 31, 2007 (SGD millions)
   6. Exhibit 2 Exchange Rates Applicable to Acceletron
   7. Exhibit 1 Selected Economic Data for Bindiar and Crenland
   8. Exhibit 2 Selected Information and Notes from Consolidated Financial Statements of Ambleu ...
   9. Exhibit 1 Spot BRD/NER Exchange Rates
   10. Exhibit 2 Triofind-B Balance Sheet for 2016 and 2017 (BRD)
   11. Exhibit 3 Spot Exchange Rates and Inflation Data for Triofind-A
   12. Exhibit 4 Components of Net Sales Growth (%) Fiscal Year 2017
8. Chapter 16
   1. Exhibit 1 Key Performance Ratios for Selected P&C Insurers
   2. Exhibit 2 Key Performance Ratios for ABC Bank*
   3. Exhibit 1 Select Financial Ratios for Vermillion Insurance
   4. Exhibit 2 Select Balance Sheet Data for National Banks—Trading: Contribution to Total Reve...
   5. Exhibit 3 2017 Select Data for N-bank and T-bank
   6. Exhibit 4 R-bank’s Exposure to Freestanding Credit Derivatives
   7. Exhibit 1 Company XYZ: Excerpt from Annual Report Disclosure
   8. Exhibit 2 Company XYZ: Asset Composition
   9. Exhibit 3 Company XYZ: Consumer Loan Profile by Credit Quality
   10. Exhibit 4 Company XYZ: Loan Loss Analysis Data
9. Chapter 17
   1. Exhibit 1 Selected Beneish Model Data for Miland Communications
   2. Exhibit 1 Beneish Model M-scores
10. Chapter 18
    1. Exhibit 1 Selected Financial Data for Bickchip Enterprises (€ Thousands)
    2. Exhibit 2 Segment Data for Bickchip Enterprises (€ Thousands)
    3. Exhibit 3 Earnings Quality Data for Bickchip Enterprises (€ Thousands)

Guide

1. Cover
2. Table of Contents
3. Chapter