{"product_id":"reading-financial-reports-for-dummies-isbn-9781119871361","title":"Reading Financial Reports For Dummies","description":"\u003cb\u003eYour personal roadmap to becoming fluent in financial reports\u003c\/b\u003e \u003cp\u003eAt first glance, the data in financial reports might seem confusing or overwhelming. But, with the right guide at your side, you can learn to translate even the thickest and most complex financial reports into plain English. \u003c\/p\u003e\u003cp\u003eIn \u003ci\u003eReading Financial Reports For Dummies,\u003c\/i\u003e you'll move step-by-step through each phase of interpreting and understanding the data in a financial report, learning the key accounting and business fundamentals as you go. The book includes clear explanations of basic and advanced topics in finance, from the difference between private and public companies to cash flow analysis. \u003c\/p\u003e\u003cp\u003eIn this book, you'll also find: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eFull coverage of how to analyze annual reports, including their balance sheets, income statements, statements of cash flow, and consolidated statements\u003c\/li\u003e \u003cli\u003eReal-world case studies and financial statement examples from companies like Mattel and Hasbro\u003c\/li\u003e \u003cli\u003eStrategies for analyzing financial reports to reveal opportunities for operations optimization\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eReading Financial Reports For Dummies\u003c\/i\u003e is a can't-miss resource for early-career investors, traders, brokers, and business leaders looking to improve their financial literacy with a reliable, accurate, and easy-to-follow financial handbook. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eIntroduction\u003c\/b\u003e\u003cb\u003e 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAbout This Book 2\u003c\/p\u003e \u003cp\u003eConventions Used in This Book 2\u003c\/p\u003e \u003cp\u003eWhat You’re Not to Read 2\u003c\/p\u003e \u003cp\u003eFoolish Assumptions 3\u003c\/p\u003e \u003cp\u003eIcons Used in This Book 3\u003c\/p\u003e \u003cp\u003eBeyond the Book 4\u003c\/p\u003e \u003cp\u003eWhere to Go from Here 4\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1: Getting Started with Financial Reports\u003c\/b\u003e\u003cb\u003e 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: Opening the Cornucopia of Reports\u003c\/b\u003e\u003cb\u003e 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFiguring Out Financial Reporting 8\u003c\/p\u003e \u003cp\u003ePreparing the reports 8\u003c\/p\u003e \u003cp\u003eSeeing why financial reporting counts (and who’s counting) 9\u003c\/p\u003e \u003cp\u003eChecking Out Types of Reporting 11\u003c\/p\u003e \u003cp\u003eKeeping everyone informed 11\u003c\/p\u003e \u003cp\u003eFollowing the rules: Government requirements 12\u003c\/p\u003e \u003cp\u003eGoing global 13\u003c\/p\u003e \u003cp\u003eStaying within the walls of the company: Internal reporting 14\u003c\/p\u003e \u003cp\u003eDissecting the Annual Report to Shareholders 15\u003c\/p\u003e \u003cp\u003eBreaking down the parts 15\u003c\/p\u003e \u003cp\u003eGetting to the meat of the matter 16\u003c\/p\u003e \u003cp\u003eKeeping the number crunchers in line 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: Recognizing Business Types and Their Tax Rules\u003c\/b\u003e\u003cb\u003e 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFlying Solo: Sole Proprietorships 20\u003c\/p\u003e \u003cp\u003eKeeping taxes personal 20\u003c\/p\u003e \u003cp\u003eReviewing requirements for reporting 21\u003c\/p\u003e \u003cp\u003eJoining Forces: Partnerships 21\u003c\/p\u003e \u003cp\u003ePartnering up on taxes 22\u003c\/p\u003e \u003cp\u003eMeeting reporting requirements 22\u003c\/p\u003e \u003cp\u003eSeeking Protection with Limited Liability Companies 22\u003c\/p\u003e \u003cp\u003eTaking stock of taxes 23\u003c\/p\u003e \u003cp\u003eReviewing reporting requirements 23\u003c\/p\u003e \u003cp\u003eShielding Your Assets: S and C Corporations 23\u003c\/p\u003e \u003cp\u003ePaying taxes the corporate way 24\u003c\/p\u003e \u003cp\u003eGetting familiar with reporting requirements 25\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Public or Private: How Company Structure Affects the Books\u003c\/b\u003e\u003cb\u003e 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInvestigating Private Companies 28\u003c\/p\u003e \u003cp\u003eChecking out the benefits 29\u003c\/p\u003e \u003cp\u003eDefining disadvantages 30\u003c\/p\u003e \u003cp\u003eFiguring out reporting 31\u003c\/p\u003e \u003cp\u003eUnderstanding Public Companies 32\u003c\/p\u003e \u003cp\u003eExamining the perks 33\u003c\/p\u003e \u003cp\u003eLooking at the negative side 34\u003c\/p\u003e \u003cp\u003eFiling and More Filing: Government and Shareholder Reports 35\u003c\/p\u003e \u003cp\u003eQuarterly reports 35\u003c\/p\u003e \u003cp\u003eYearly report 35\u003c\/p\u003e \u003cp\u003eThe rules of the Sarbanes-Oxley Act 36\u003c\/p\u003e \u003cp\u003eDodd-Frank’s impact on financial industry regulation 39\u003c\/p\u003e \u003cp\u003eEntering a Whole New World: How a Company Goes from\u003c\/p\u003e \u003cp\u003ePrivate to Public 41\u003c\/p\u003e \u003cp\u003eTeaming up with an investment banker 41\u003c\/p\u003e \u003cp\u003eMaking a public offering 42\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: Digging into Accounting Basics\u003c\/b\u003e\u003cb\u003e 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaking Sense of Accounting Methods 45\u003c\/p\u003e \u003cp\u003eCash-basis accounting 46\u003c\/p\u003e \u003cp\u003eAccrual accounting 46\u003c\/p\u003e \u003cp\u003eWhy method matters 46\u003c\/p\u003e \u003cp\u003eUnderstanding Debits and Credits 48\u003c\/p\u003e \u003cp\u003eDouble-entry accounting 49\u003c\/p\u003e \u003cp\u003eProfit and loss statements 50\u003c\/p\u003e \u003cp\u003eThe effect of debits and credits on sales 50\u003c\/p\u003e \u003cp\u003eDepreciation and amortization 51\u003c\/p\u003e \u003cp\u003eChecking Out the Chart of Accounts 52\u003c\/p\u003e \u003cp\u003eAsset accounts 54\u003c\/p\u003e \u003cp\u003eLiability accounts 56\u003c\/p\u003e \u003cp\u003eEquity accounts 57\u003c\/p\u003e \u003cp\u003eRevenue accounts 58\u003c\/p\u003e \u003cp\u003eExpense accounts 59\u003c\/p\u003e \u003cp\u003eDifferentiating Profit Types 60\u003c\/p\u003e \u003cp\u003eGross profit 60\u003c\/p\u003e \u003cp\u003eOperating profit 60\u003c\/p\u003e \u003cp\u003eNet profit 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2: The Big Show: Annual Reports\u003c\/b\u003e\u003cb\u003e 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: Exploring the Anatomy of an Annual Report\u003c\/b\u003e\u003cb\u003e 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEverything but the Numbers 66\u003c\/p\u003e \u003cp\u003eDebunking the letter to shareholders 66\u003c\/p\u003e \u003cp\u003eMaking sense of the corporate message 67\u003c\/p\u003e \u003cp\u003eMeeting the people in charge 68\u003c\/p\u003e \u003cp\u003eFinding basic shareholder information 68\u003c\/p\u003e \u003cp\u003eGetting the skinny from management 68\u003c\/p\u003e \u003cp\u003eGetting guarantees from management 72\u003c\/p\u003e \u003cp\u003eBringing the auditors’ answers to light 73\u003c\/p\u003e \u003cp\u003ePresenting the Financial Picture 76\u003c\/p\u003e \u003cp\u003eSummarizing the Financial Data 77\u003c\/p\u003e \u003cp\u003eFinding the highlights 77\u003c\/p\u003e \u003cp\u003eReading the notes 78\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: Balancing Assets against Liabilities and Equity\u003c\/b\u003e\u003cb\u003e 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eUnderstanding the Balance Equation 80\u003c\/p\u003e \u003cp\u003eIntroducing the Balance Sheet 80\u003c\/p\u003e \u003cp\u003eDigging into dates 80\u003c\/p\u003e \u003cp\u003eNailing down the numbers 81\u003c\/p\u003e \u003cp\u003eFiguring out format 82\u003c\/p\u003e \u003cp\u003eOgling Assets 84\u003c\/p\u003e \u003cp\u003eCurrent assets 84\u003c\/p\u003e \u003cp\u003eLong-term assets 88\u003c\/p\u003e \u003cp\u003eAccumulated depreciation 90\u003c\/p\u003e \u003cp\u003eLooking at Liabilities 91\u003c\/p\u003e \u003cp\u003eCurrent liabilities 91\u003c\/p\u003e \u003cp\u003eLong-term liabilities 92\u003c\/p\u003e \u003cp\u003eNavigating the Equity Maze 93\u003c\/p\u003e \u003cp\u003eStock 93\u003c\/p\u003e \u003cp\u003eRetained earnings 94\u003c\/p\u003e \u003cp\u003eCapital 94\u003c\/p\u003e \u003cp\u003eDrawing 94\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: Using the Income Statement\u003c\/b\u003e\u003cb\u003e 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroducing the Income Statement 96\u003c\/p\u003e \u003cp\u003eDigging into dates 97\u003c\/p\u003e \u003cp\u003eFiguring out format 97\u003c\/p\u003e \u003cp\u003eDelving into the Tricky Business of Revenues 100\u003c\/p\u003e \u003cp\u003eDefining revenue 100\u003c\/p\u003e \u003cp\u003eAdjusting sales 101\u003c\/p\u003e \u003cp\u003eConsidering cost of goods sold 103\u003c\/p\u003e \u003cp\u003eGauging gross profit 104\u003c\/p\u003e \u003cp\u003eAcknowledging Expenses 105\u003c\/p\u003e \u003cp\u003eSorting Out the Profit and Loss Types 107\u003c\/p\u003e \u003cp\u003eEBITDA 107\u003c\/p\u003e \u003cp\u003eNonoperating income or expense 108\u003c\/p\u003e \u003cp\u003eNet profit or loss 109\u003c\/p\u003e \u003cp\u003eCalculating Earnings per Share 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Statement of Cash Flows\u003c\/b\u003e\u003cb\u003e 111\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDigging into the Statement of Cash Flows 112\u003c\/p\u003e \u003cp\u003eThe parts 112\u003c\/p\u003e \u003cp\u003eThe formats 113\u003c\/p\u003e \u003cp\u003eChecking Out Operating Activities 115\u003c\/p\u003e \u003cp\u003eDepreciation 116\u003c\/p\u003e \u003cp\u003eInventory 116\u003c\/p\u003e \u003cp\u003eAccounts receivable 116\u003c\/p\u003e \u003cp\u003eAccounts payable 117\u003c\/p\u003e \u003cp\u003eThe cash flow from activities section, summed up 117\u003c\/p\u003e \u003cp\u003eInvestigating Investing Activities 118\u003c\/p\u003e \u003cp\u003eUnderstanding Financing Activities 119\u003c\/p\u003e \u003cp\u003eIssuing stock 119\u003c\/p\u003e \u003cp\u003eBuying back stock 119\u003c\/p\u003e \u003cp\u003ePaying dividends 120\u003c\/p\u003e \u003cp\u003eIncurring new debt 120\u003c\/p\u003e \u003cp\u003ePaying off debt 121\u003c\/p\u003e \u003cp\u003eRecognizing the Special Line Items 121\u003c\/p\u003e \u003cp\u003eDiscontinued operations 121\u003c\/p\u003e \u003cp\u003eForeign currency exchange 122\u003c\/p\u003e \u003cp\u003eAdding It All Up 122\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: Scouring the Notes to the Financial Statements\u003c\/b\u003e\u003cb\u003e 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDeciphering the Small Print 124\u003c\/p\u003e \u003cp\u003eAccounting Policies Note: Laying out the Rules of the Road 125\u003c\/p\u003e \u003cp\u003eDepreciation 126\u003c\/p\u003e \u003cp\u003eRevenue 126\u003c\/p\u003e \u003cp\u003eExpenses 127\u003c\/p\u003e \u003cp\u003eFiguring out Financial Borrowings and Other Commitments 128\u003c\/p\u003e \u003cp\u003eLong-term obligations 128\u003c\/p\u003e \u003cp\u003eShort-term debt 129\u003c\/p\u003e \u003cp\u003eLease obligations 130\u003c\/p\u003e \u003cp\u003eMergers and Acquisitions: Finding Noteworthy Information 131\u003c\/p\u003e \u003cp\u003ePondering Pension and Retirement Benefits 132\u003c\/p\u003e \u003cp\u003eBreaking Down Business Breakdowns 134\u003c\/p\u003e \u003cp\u003eReviewing Significant Events 135\u003c\/p\u003e \u003cp\u003eFinding the Red Flags 137\u003c\/p\u003e \u003cp\u003eFinding out about valuing assets and liabilities 138\u003c\/p\u003e \u003cp\u003eConsidering changes in accounting policies 138\u003c\/p\u003e \u003cp\u003eDecoding obligations to retirees and future retirees 139\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: Considering Consolidated Financial Statements\u003c\/b\u003e\u003cb\u003e 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting a Grip on Consolidation 141\u003c\/p\u003e \u003cp\u003eLooking at Methods of Buying Up Companies 147\u003c\/p\u003e \u003cp\u003eReading Consolidated Financial Statements 148\u003c\/p\u003e \u003cp\u003eLooking to the Notes 150\u003c\/p\u003e \u003cp\u003eMergers and acquisitions 152\u003c\/p\u003e \u003cp\u003eGoodwill 152\u003c\/p\u003e \u003cp\u003eLiquidations or discontinued operations 152\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3: Analyzing the Numbers\u003c\/b\u003e\u003cb\u003e 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Testing the Profits and Market Value\u003c\/b\u003e\u003cb\u003e 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Price\/Earnings Ratio 158\u003c\/p\u003e \u003cp\u003eFiguring out earnings per share 158\u003c\/p\u003e \u003cp\u003eCalculating the P\/E ratio 159\u003c\/p\u003e \u003cp\u003ePracticing the P\/E ratio calculation 160\u003c\/p\u003e \u003cp\u003eUsing the P\/E ratio to judge company market value (stock price) 162\u003c\/p\u003e \u003cp\u003eUnderstanding variation among ratios 163\u003c\/p\u003e \u003cp\u003eThe Dividend Payout Ratio 164\u003c\/p\u003e \u003cp\u003eDetermining dividend payout 165\u003c\/p\u003e \u003cp\u003eDigging into companies’ profits with dividends 165\u003c\/p\u003e \u003cp\u003eReturn on Sales 167\u003c\/p\u003e \u003cp\u003eFiguring out ROS 167\u003c\/p\u003e \u003cp\u003eReaching the truth about profits with ROS 168\u003c\/p\u003e \u003cp\u003eReturn on Assets 168\u003c\/p\u003e \u003cp\u003eDoing some dividing to get ROA 169\u003c\/p\u003e \u003cp\u003eRanking companies with the help of ROA 169\u003c\/p\u003e \u003cp\u003eReturn on Equity 169\u003c\/p\u003e \u003cp\u003eCalculating ROE 170\u003c\/p\u003e \u003cp\u003eTesting companies using ROE 170\u003c\/p\u003e \u003cp\u003eThe Big Three: Margins 171\u003c\/p\u003e \u003cp\u003eDissecting gross margin 171\u003c\/p\u003e \u003cp\u003eInvestigating operating margin 172\u003c\/p\u003e \u003cp\u003eCatching the leftover money: Net profit margin 173\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: Looking at Liquidity\u003c\/b\u003e\u003cb\u003e 175\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinding the Current Ratio 177\u003c\/p\u003e \u003cp\u003eCalculating the current ratio 177\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 178\u003c\/p\u003e \u003cp\u003eDetermining the Quick Ratio 178\u003c\/p\u003e \u003cp\u003eCalculating the quick ratio 178\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 179\u003c\/p\u003e \u003cp\u003eInvestigating the Interest Coverage Ratio 180\u003c\/p\u003e \u003cp\u003eCalculating the interest coverage ratio 180\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 181\u003c\/p\u003e \u003cp\u003eComparing Debt to Shareholders’ Equity 182\u003c\/p\u003e \u003cp\u003eCalculating debt to shareholders’ equity 182\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 183\u003c\/p\u003e \u003cp\u003eDetermining Debt-to-Capital Ratio 184\u003c\/p\u003e \u003cp\u003eCalculating the debt-to-capital ratio 184\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: Making Sure the Company Has Cash to Carry On \u003c\/b\u003e\u003cb\u003e187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring Income Success 188\u003c\/p\u003e \u003cp\u003eCalculating free cash flow 188\u003c\/p\u003e \u003cp\u003eFiguring out cash return on sales ratio 190\u003c\/p\u003e \u003cp\u003eChecking Out Debt 191\u003c\/p\u003e \u003cp\u003eDetermining current cash debt coverage ratio 192\u003c\/p\u003e \u003cp\u003eComputing cash debt coverage ratio 194\u003c\/p\u003e \u003cp\u003eCalculating Cash Flow Coverage 196\u003c\/p\u003e \u003cp\u003eFinding out the cash flow coverage ratio 196\u003c\/p\u003e \u003cp\u003eMattel 197\u003c\/p\u003e \u003cp\u003eHasbro 198\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4: How Companies Optimize Operations\u003c\/b\u003e\u003cb\u003e 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: Turning Up Clues in Turnover and Assets\u003c\/b\u003e\u003cb\u003e 201\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eExploring Inventory Valuation Methods 201\u003c\/p\u003e \u003cp\u003eApplying Three Inventory Valuation Methods 204\u003c\/p\u003e \u003cp\u003eAverage costing 205\u003c\/p\u003e \u003cp\u003eFIFO 206\u003c\/p\u003e \u003cp\u003eLIFO 206\u003c\/p\u003e \u003cp\u003eHow to compare inventory methods and financial statements 207\u003c\/p\u003e \u003cp\u003eDetermining Inventory Turnover 208\u003c\/p\u003e \u003cp\u003eCalculating inventory turnover 208\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 210\u003c\/p\u003e \u003cp\u003eInvestigating Fixed Assets Turnover 210\u003c\/p\u003e \u003cp\u003eCalculating fixed assets turnover 210\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 211\u003c\/p\u003e \u003cp\u003eTracking Total Asset Turnover 211\u003c\/p\u003e \u003cp\u003eCalculating total asset turnover 212\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 212\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: Examining Cash Inflow and Outflow\u003c\/b\u003e\u003cb\u003e 213\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAssessing Accounts Receivable Turnover 213\u003c\/p\u003e \u003cp\u003eCalculating accounts receivable turnover 214\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 216\u003c\/p\u003e \u003cp\u003eTaking a Close Look at Customer Accounts 217\u003c\/p\u003e \u003cp\u003eFinding the Accounts Payable Ratio 218\u003c\/p\u003e \u003cp\u003eCalculating the ratio 218\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 219\u003c\/p\u003e \u003cp\u003eDetermining the Number of Days in Accounts Payable 219\u003c\/p\u003e \u003cp\u003eCalculating the ratio 220\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 220\u003c\/p\u003e \u003cp\u003eDeciding Whether Discount Offers Make Good Financial Sense 221\u003c\/p\u003e \u003cp\u003eCalculating the annual interest rate 221\u003c\/p\u003e \u003cp\u003eWhat do the numbers mean? 222\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: How Companies Keep the Cash Flowing\u003c\/b\u003e\u003cb\u003e 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSlowing Bill Payments 223\u003c\/p\u003e \u003cp\u003eSpeeding Up Collecting Accounts Receivables 224\u003c\/p\u003e \u003cp\u003eBorrowing on Receivables 226\u003c\/p\u003e \u003cp\u003eReducing Inventory 227\u003c\/p\u003e \u003cp\u003eGetting Cash More Quickly 228\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5: The Many Ways Companies Answer to Others\u003c\/b\u003e\u003cb\u003e 231\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: How Companies Find Errors: The Auditing Process\u003c\/b\u003e\u003cb\u003e 233\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInspecting Audits and Auditors 234\u003c\/p\u003e \u003cp\u003eLooking for mistakes 234\u003c\/p\u003e \u003cp\u003eMeeting Mr or Ms Auditor 234\u003c\/p\u003e \u003cp\u003eExamining Records: The Role of the Auditor 235\u003c\/p\u003e \u003cp\u003ePreliminary review 236\u003c\/p\u003e \u003cp\u003eFieldwork 236\u003c\/p\u003e \u003cp\u003eAudit report 238\u003c\/p\u003e \u003cp\u003eFilling the GAAP 238\u003c\/p\u003e \u003cp\u003eAccounting standards: Four important qualities 239\u003c\/p\u003e \u003cp\u003eChanging principles: More work for the FASB 240\u003c\/p\u003e \u003cp\u003eGetting more involved internationally 241\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Government Regulations and Reporting Requirements\u003c\/b\u003e\u003cb\u003e 243\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChecking Out the 10-Q 244\u003c\/p\u003e \u003cp\u003eFinancial information 244\u003c\/p\u003e \u003cp\u003eOther critical matters 245\u003c\/p\u003e \u003cp\u003eIntroducing the 10-K 246\u003c\/p\u003e \u003cp\u003eBusiness operations 246\u003c\/p\u003e \u003cp\u003eFinancial data 246\u003c\/p\u003e \u003cp\u003eInformation about directors and executives 247\u003c\/p\u003e \u003cp\u003eThe extras 248\u003c\/p\u003e \u003cp\u003eInvestigating Internal Controls 248\u003c\/p\u003e \u003cp\u003eUncovering the Ways Companies Keep in Compliance 250\u003c\/p\u003e \u003cp\u003eDigging into Board Operations 252\u003c\/p\u003e \u003cp\u003eUnderstanding the nominating process 253\u003c\/p\u003e \u003cp\u003eContacting board members 254\u003c\/p\u003e \u003cp\u003eFinding Out about Insider Ownership 254\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Creating a Global Financial Reporting Standard\u003c\/b\u003e\u003cb\u003e 255\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Develop a Worldwide Financial Standard? 256\u003c\/p\u003e \u003cp\u003eKey Moves to Reshape Global Financial Reporting 256\u003c\/p\u003e \u003cp\u003eWho Benefits from a Global Standard and How? 258\u003c\/p\u003e \u003cp\u003eInvestors 258\u003c\/p\u003e \u003cp\u003eCapital Markets 258\u003c\/p\u003e \u003cp\u003eCompanies 258\u003c\/p\u003e \u003cp\u003eKey Differences between GAAP and IFRS 259\u003c\/p\u003e \u003cp\u003eAccounting framework 259\u003c\/p\u003e \u003cp\u003eFinancial statements 260\u003c\/p\u003e \u003cp\u003eRevenue recognition 262\u003c\/p\u003e \u003cp\u003eAssets 262\u003c\/p\u003e \u003cp\u003eInventory 262\u003c\/p\u003e \u003cp\u003eRelated-party transactions disclosures 263\u003c\/p\u003e \u003cp\u003eDiscontinued operations 263\u003c\/p\u003e \u003cp\u003eImpairment charges 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Understanding the Analyst–Corporation Connection\u003c\/b\u003e\u003cb\u003e 265\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTypecasting the Analysts 266\u003c\/p\u003e \u003cp\u003eBuy-side analysts 266\u003c\/p\u003e \u003cp\u003eSell-side analysts 267\u003c\/p\u003e \u003cp\u003eIndependent analysts 270\u003c\/p\u003e \u003cp\u003eBond analysts 270\u003c\/p\u003e \u003cp\u003eRegarding Bond-Rating Agencies 271\u003c\/p\u003e \u003cp\u003eDelving into Stock Rating 273\u003c\/p\u003e \u003cp\u003eTaking a Look at How Companies Talk to Analysts 274\u003c\/p\u003e \u003cp\u003eAnalyst calls 274\u003c\/p\u003e \u003cp\u003ePress releases 275\u003c\/p\u003e \u003cp\u003eMobile apps 276\u003c\/p\u003e \u003cp\u003eRoad shows 276\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: How Companies Communicate with Shareholders\u003c\/b\u003e\u003cb\u003e 277\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaking the Most of Meetings 278\u003c\/p\u003e \u003cp\u003eChecking Out How the Board Runs the Company 279\u003c\/p\u003e \u003cp\u003eWatching the directors 279\u003c\/p\u003e \u003cp\u003eSpeaking out at meetings 281\u003c\/p\u003e \u003cp\u003eMoving away from duking it out 282\u003c\/p\u003e \u003cp\u003eSorting through Reports 282\u003c\/p\u003e \u003cp\u003eCatching Up on Corporate Actions 283\u003c\/p\u003e \u003cp\u003eCulling Information from Analyst Calls 285\u003c\/p\u003e \u003cp\u003eListening between the lines 286\u003c\/p\u003e \u003cp\u003eKnowing when to expect analyst calls 289\u003c\/p\u003e \u003cp\u003eStaying Up-to-Date Using Company Websites 289\u003c\/p\u003e \u003cp\u003eRegarding Reinvestment Plans 290\u003c\/p\u003e \u003cp\u003eDividend reinvestment plans 290\u003c\/p\u003e \u003cp\u003eDirect stock purchase plans 290\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: Keeping Score When Companies Play Games with Numbers\u003c\/b\u003e\u003cb\u003e 291\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting to the Bottom of Creative Accounting 292\u003c\/p\u003e \u003cp\u003eDefining the scope of the problem 292\u003c\/p\u003e \u003cp\u003eSeeing through cooked books 293\u003c\/p\u003e \u003cp\u003eUnearthing the Games Played with Earnings 295\u003c\/p\u003e \u003cp\u003eReading between the revenue lines 296\u003c\/p\u003e \u003cp\u003eDetecting creative revenue accounting 300\u003c\/p\u003e \u003cp\u003eExploring Exploitations of Expenses 302\u003c\/p\u003e \u003cp\u003eAdvertising expenses 303\u003c\/p\u003e \u003cp\u003eResearch and development costs 303\u003c\/p\u003e \u003cp\u003ePatents and licenses 304\u003c\/p\u003e \u003cp\u003eAsset impairment 304\u003c\/p\u003e \u003cp\u003eRestructuring charges 305\u003c\/p\u003e \u003cp\u003eFinding Funny Business in Assets and Liabilities 306\u003c\/p\u003e \u003cp\u003eRecognizing overstated assets 306\u003c\/p\u003e \u003cp\u003eLooking for undervalued liabilities 309\u003c\/p\u003e \u003cp\u003ePlaying Detective with Cash Flow 311\u003c\/p\u003e \u003cp\u003eDiscontinued operations 311\u003c\/p\u003e \u003cp\u003eIncome taxes paid 312\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 6: The Part of Tens\u003c\/b\u003e\u003cb\u003e 315\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: Ten Financial Scandals That Rocked the World\u003c\/b\u003e\u003cb\u003e 317\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEnron 318\u003c\/p\u003e \u003cp\u003eMadoff 319\u003c\/p\u003e \u003cp\u003eCitigroup 319\u003c\/p\u003e \u003cp\u003eAdelphia 320\u003c\/p\u003e \u003cp\u003eWorldCom\/MCI 320\u003c\/p\u003e \u003cp\u003eTyco 321\u003c\/p\u003e \u003cp\u003eWaste Management 322\u003c\/p\u003e \u003cp\u003eBristol-Myers Squibb 323\u003c\/p\u003e \u003cp\u003eHalliburton 324\u003c\/p\u003e \u003cp\u003eArthur Andersen 325\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24: Ten Signs That a Company’s in Trouble\u003c\/b\u003e\u003cb\u003e 327\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLower Liquidity 327\u003c\/p\u003e \u003cp\u003eLow Cash Flow 328\u003c\/p\u003e \u003cp\u003eDisappearing Profit Margins 328\u003c\/p\u003e \u003cp\u003eRevenue Game Playing 329\u003c\/p\u003e \u003cp\u003eToo Much Debt 330\u003c\/p\u003e \u003cp\u003eUnrealistic Values for Assets and Liabilities 330\u003c\/p\u003e \u003cp\u003eA Change in Accounting Methods 330\u003c\/p\u003e \u003cp\u003eQuestionable Mergers and Acquisitions 331\u003c\/p\u003e \u003cp\u003eSlow Inventory Turnover 332\u003c\/p\u003e \u003cp\u003eSlow-Paying Customers 332\u003c\/p\u003e \u003cp\u003eGlossary 333\u003c\/p\u003e \u003cp\u003eIndex 341\u003c\/p\u003e \u003cp\u003e\u003cb\u003eLita Epstein, MBA is a financial writer who focuses on career growth and business topics. She earned her MBA from Emory University and her BA from Rutgers University. Lita has written more than 40 books, including the previous editions of \u003ci\u003eReading Financial Reports For Dummies\u003c\/i\u003e.\u003c\/b\u003e\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eTake a look at the company books\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIf looking at balance sheets, income statements, and cash flow reports makes your head spin, this handy reference is just what you need. Inside, you’ll find financial terms explained with a road map for reading through financial reports to draw conclusions about companies—using updated financial information from real, well-known corporations. Plus, you’ll learn how to identify issues with a company’s financial health. Anyone who needs to understand corporate finance should read this friendly guide. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eInside…\u003c\/b\u003e \u003c\/p\u003e\u003cul\u003e\u003cb\u003e\u003cli\u003eDetermine whether a company is a sound investment\u003c\/li\u003e \u003cli\u003eUse annual reports to find more about a company’s financial health\u003c\/li\u003e \u003cli\u003eGet the latest on federal regulation and tax rules\u003c\/li\u003e \u003cli\u003eUnderstand global financial reporting standards\u003c\/li\u003e\u003c\/b\u003e\u003c\/ul\u003e","brand":"For Dummies","offers":[{"title":"Default Title","offer_id":47989916991717,"sku":"NP9781119871361","price":31.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119871361.jpg?v=1761785898","url":"https:\/\/k12savings.com\/products\/reading-financial-reports-for-dummies-isbn-9781119871361","provider":"K12savings","version":"1.0","type":"link"}