Financial Statement Analysis by Fridson, Martin -- Read -- Imperial Library of Trantor

Index

Cover Endorsement Series Title Page Copyright Dedication Preface to Fourth Edition Acknowledgments Part One: Reading between the Lines

Chapter 1: The Adversarial Nature of Financial Reporting

THE PURPOSE OF FINANCIAL REPORTING THE FLAWS IN THE REASONING SMALL PROFITS AND BIG BATHS MAXIMIZING GROWTH EXPECTATIONS DOWNPLAYING CONTINGENCIES THE IMPORTANCE OF BEING SKEPTICAL CONCLUSION

Part Two: The Basic Financial Statements

Chapter 2: The Balance Sheet

THE VALUE PROBLEM COMPARABILITY PROBLEMS IN THE VALUATION OF FINANCIAL ASSETS INSTANTANEOUS WIPEOUT OF VALUE HOW GOOD IS GOODWILL? LOSING VALUE THE OLD-FASHIONED WAY TRUE EQUITY IS ELUSIVE PROS AND CONS OF A MARKET-BASED EQUITY FIGURE THE COMMON FORM BALANCE SHEET CONCLUSION

Chapter 3: The Income Statement

MAKING THE NUMBERS TALK HOW REAL ARE THE NUMBERS? CONCLUSION

Chapter 4: The Statement of Cash Flows

THE CASH FLOW STATEMENT AND THE LEVERAGED BUYOUT ANALYTICAL APPLICATIONS CASH FLOW AND THE COMPANY LIFE CYCLE THE CONCEPT OF FINANCIAL FLEXIBILITY IN DEFENSE OF SLACK CONCLUSION

Part Three: A Closer Look at Profits

Chapter 5: What Is Profit?

BONA FIDE PROFITS VERSUS ACCOUNTING PROFITS WHAT IS REVENUE? WHICH COSTS COUNT? HOW FAR CAN THE CONCEPT BE STRETCHED? CONCLUSION

Chapter 6: Revenue Recognition

CHANNEL-STUFFING IN THE DRUG BUSINESS A SECOND TAKE ON EARNINGS ASTRAY ON LAYAWAY RECOGNIZING MEMBERSHIP FEES A POTPOURRI OF LIBERAL REVENUE RECOGNITION TECHNIQUES FATTENING EARNINGS WITH EMPTY CALORIES TARDY DISCLOSURE AT HALLIBURTON MANAGING EARNINGS WITH RAINY DAY RESERVES FUDGING THE NUMBERS: A SYSTEMATIC PROBLEM CONCLUSION

Chapter 7: Expense Recognition

NORTEL'S DEFERRED PROFIT PLAN GRASPING FOR EARNINGS AT GENERAL MOTORS TIME-SHIFTING AT FREDDIE MAC CONCLUSION

Chapter 8: The Applications and Limitations of EBITDA

EBIT, EBITDA, AND TOTAL ENTERPRISE VALUE THE ROLE OF EBITDA IN CREDIT ANALYSIS ABUSING EBITDA A MORE COMPREHENSIVE CASH FLOW MEASURE WORKING CAPITAL ADDS PUNCH TO CASH FLOW ANALYSIS CONCLUSION

Chapter 9: The Reliability of Disclosure and Audits

AN ARTFUL DEAL DEATH DUTIES SYSTEMATIC PROBLEMS IN AUDITING CONCLUSION

Chapter 10: Mergers-and-Acquisitions Accounting

MAXIMIZING POSTACQUISITION REPORTED EARNINGS MANAGING ACQUISITION DATES AND AVOIDING RESTATEMENTS CONCLUSION

Chapter 11: Is Fraud Detectable?

TELLTALE SIGNS OF MANIPULATION FRAUDSTERS KNOW FEW LIMITS ENRON: A MEDIA SENSATION HEALTHSOUTH'S EXCRUCIATING ORDEAL MILK AND OTHER LIQUID ASSETS CONCLUSION

Part Four: Forecasts and Security Analysis

Chapter 12: Forecasting Financial Statements

A TYPICAL ONE-YEAR PROJECTION SENSITIVITY ANALYSIS WITH PROJECTED FINANCIAL STATEMENTS PROJECTING FINANCIAL FLEXIBILITY PRO FORMA FINANCIAL STATEMENTS PRO FORMA STATEMENTS FOR ACQUISITIONS MULTIYEAR PROJECTIONS CONCLUSION

Chapter 13: Credit Analysis

BALANCE SHEET RATIOS INCOME STATEMENT RATIOS STATEMENT OF CASH FLOWS RATIOS COMBINATION RATIOS RELATING RATIOS TO CREDIT RISK CONCLUSION

Chapter 14: Equity Analysis

THE DIVIDEND DISCOUNT MODEL THE PRICE-EARNINGS RATIO WHY P/E MULTIPLES VARY THE DU PONT FORMULA VALUATION THROUGH RESTRUCTURING POTENTIAL CONCLUSION

Appendix: Explanation of Pro Forma Adjustments for Hertz Global Holdings, Inc./DTG Notes

CHAPTER 1 The Adversarial Nature of Financial Reporting CHAPTER 2 The Balance Sheet CHAPTER 3 The Income Statement CHAPTER 4 The Statement of Cash Flows CHAPTER 5 What Is Profit? CHAPTER 6 Revenue Recognition CHAPTER 7 Expense Recognition CHAPTER 8 The Applications and Limitations of EBITDA CHAPTER 9 The Reliability of Disclosure and Audits CHAPTER 10 Mergers-and-Acquisitions Accounting CHAPTER 11 Is Fraud Detectable? CHAPTER 12 Forecasting Financial Statements CHAPTER 13 Credit Analysis CHAPTER 14 Equity Analysis

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