Higher Education


Financial Statement Analysis

Author(s): Charles H. Gibson

ISBN: 9788131525258

Edition: 13th

© Year : 2013


Binding: Paperback

Pages: 688

Trim Size : 279 x 216 mm

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'Now you can teach financial accounting from both a user's and preparer's perspective with a wealth of actual examples, cases, and real financial statements found in Gibson's FINANCIAL STATEMENT ANALYSIS, 13E. This effective text emphasizes the analysis and interpretation of the end result of financial reportingfinancial statements. The author focuses on the language and preparation of financial statements throughout. Students analyze real financial reports, 10Ks, proxy statements, other exhibits, and cases drawn from actual companies. Nike, used as a continuing focus company throughout the text, provides the opportunity for students to become familiar with a single organization and better understand the meaning of its statements within a competitive context. In addition to a wide variety of problems, questions, cases, and Web references for practice and application, students also have access to the robust Thomson ONE: Business School Editionthe same online financial analysis tool used by Wall Street professionals every day. With the book's well-organized framework for learning and emphasis on numerous industries, your students leave the course prepared for success, no matter what area of business they pursue.

' Emphasis on the use of financial accounting information: Highlighted ratios, cases, illustrations, and an ongoing case study using Nike, a company that appeals to your students, all assist in comprehension with a focus on how financial accounting information is used every day. Your students will gain a basic understanding of GAAP and the accounting model as they learn to recognize the limits of financial reports and evaluate liquidity, debt, and profitability. Access to Thomson ONE, Business School Edition for Financial Analysis: Your students access company data, financial analyst data and forecasts, and SEC disclosure statements for hundreds of companies as they analyze financial information using the same online resource used by professional Wall Street analysts every day. Variety of proven end-of-chapter applications: A wealth of diverse problems, questions, cases, and Internet assignments at the end of each chapter provide numerous opportunities for students to practice and apply concepts prior to exams. Coverage of numerous industries prepares students for the actual business world: In-depth coverage of manufacturing, retailing, and service sectors compares the differences among these key industries as well as between regulated and non-regulated industries. This edition's emphasis on realistic coverage prepares students for successful, profitable careers in any of these business sectors. Internet exercises for obtaining critical data: Your students learn how to maximize the resources online within each chapter's "To the Net" exercises. Numerous examples of websites from organizations and companies throughout the book give students additional opportunities to examine businesses in more depth. These exercises have been updated for this edition. Extensive examples from well-known companies: Students are better able to visualize financial reporting and immediately see the relevance of concepts and theories as numerous examples from actual, recognized companies are woven throughout this edition's illustrations, problems, cases, and analyses. Manageable table of contents for well-organized framework for learning: Following the order of this edition's chapters provides a solid foundation in the basics of financial accounting and financial statements as well as analysis of liquidity, debt, and profitability and special case and industry analysis. The discussion of international accounting has been updated significantly, with the inclusion of a model IFRS balance sheet and income statement. The text also includes new information about the Harmonization of International Accounting Standards. Financial Reporting Standards for Small and Medium Sized Companies (SMEs) are included. Controlling interest is now presented with shareholders equity. New information is included regarding the result of the 2011 amendment of the FASB Accounting Standards Codification that ruled out the option of reporting comprehensive income within the statement of changes in shareholders'' equity. Material on the Z Score has been updated. New information on Multi-Employer Plans is included in this edition. Information regarding International Consolidated Balance Sheet has been updated. FASB standards have been revised to reflect the new law. End-of-chapter Questions, Problems, and Cases have all been extensively updated according to the latest figures, To the Net activities have been updated, and additional new activities have been included.
'Preface. 1. Introduction to Financial Reporting. 2. Introduction to Financial Statements and Other Financial Reporting Topics. 3. Balance Sheet. 4. Income Statement. 5. Basics of Analysis. 6. Liquidity of Short-Term Assets Related Debt-Paying Ability. 7. Long-Term Debt-Paying Ability. 8. Profitability. 9. For the Investor. 10. Statement of Cash Flows. Summary Analysis. Nike, Inc. (Includes 2011 Financial Statements of Form 10-K). 11. Expanded Analysis. 12. Special Industries: Banks, Utilities, Oil and Gas, Transportation, Insurance, and Real Estate Companies. 13. Personal Financial Statements and Accounting for Governments and Not-for-Profit Organizations. Appendix. Thomson ONE Basics and Tutorial. Glossary. Bibliography. Index.
'Charles H. Gibson Charles H. Gibson is a certified public accountant with more than 25 years of teaching experience as well as four years of industry experience in practice with a Big Five accounting firm. His teaching has encompassed a variety of accounting courses, including financial, managerial, tax, cost, and financial analysis. Dr. Gibson has written more than 60 articles in such journals as the JOURNAL OF ACCOUNTANCY, ACCOUNTING HORIZONS, JOURNAL OF COMMERCIAL BANK LENDING, CPA JOURNAL, OHIO CPA, MANAGEMENT ACCOUNTING, RISK MANAGEMENT, TAXATION FOR ACCOUNTANTS, ADVANCED MANAGEMENT JOURNAL, TAXATION FOR LAWYERS, CALIFORNIA MANAGEMENT REVIEW, and JOURNAL OF SMALL BUSINESS MANAGEMENT. He is a co-author of the Financial Executives Research Foundation Study entitled "Discounting in Financial Accounting and Reporting." Gibson is a member of the American Accounting Association, American Institute of Certified Public Accountants, Ohio Society of Certified Public Accountants, Institute of Internal Auditors, and Financial Executives Institute. He has been particularly active in the American Accounting Association and the Ohio Society of Certified Public Accountants.