Wiley Financial Statement Analysis A Practitioners Guide, 4th Edition. Preface to Fourth Edition xi. Acknowledgments xv. PART ONE Reading between the Lines. CHAPTER 1 The Adversarial Nature of Financial Reporting. The Purpose of Financial Reporting 4. The Flaws in the Reasoning 8. Small Profits and Big Baths 1. Maximizing Growth Expectations 1. Downplaying Contingencies 1. The Importance of Being Skeptical 2. La gestion actifpassif, aussi dnomme par son acronyme anglais ALM Asset and Liability Management, est une pratique dveloppe par les institutions. Financial Statement Analysis A Practitioners Guide is a wellorganized, thorough exploration of the challenges facing practitioners who rely on financial. RESUMO. O exerccio dos poderes de governana dentro de uma empresa depende em alto grau da implantao de um sistema de identificao, avaliao e controle. Conclusion 2. 4PART TWO The Basic Financial Statements. CHAPTER 2 The Balance Sheet 2. The Value Problem 3. Comparability Problems in the Valuation of Financial Assets. Instantaneous Wipeout of Value 3. How Good Is GoodwillLosing Value the Old Fashioned Way 3. True Equity Is Elusive 4. Pros and Cons of a Market Based Equity Figure 4. The Common Form Balance Sheet 4. Conclusion 4. 5CHAPTER 3 The Income Statement 4. Making the Numbers Talk 4. How Real Are the Numbers Conclusion 7. CHAPTER 4 The Statement of Cash Flows 7. The Cash Flow Statement and the. Leveraged Buyout 8. Analytical Applications 8. Cash Flow and the Company Life Cycle 8. The Concept of Financial Flexibility 9. In Defense of Slack 1. Conclusion 1. 06. PART THREE A Closer Look at Profits. CHAPTER 5 What Is ProfitBona Fide Profits versus Accounting Profits 1. What Is Revenue 1. Which Costs Count How Far Can the Concept Be Stretched Conclusion 1. CHAPTER 6 Revenue Recognition 1. Channel Stuffing in the Drug Business 1. A Second Take on Earnings 1. Astray on Layaway 1. Recognizing Membership Fees 1. A Potpourri of Liberal Revenue. Recognition Techniques 1. Fattening Earnings with Empty Calories 1. Tardy Disclosure at Halliburton 1. Managing Earnings with Rainy Day Reserves 1. Fudging the Numbers A Systematic Problem 1. Conclusion 1. 47. CHAPTER 7 Expense Recognition 1. Nortels Deferred Profit Plan 1. Grasping for Earnings at General Motors 1. Time Shifting at Freddie Mac 1. Conclusion 1. 59. CHAPTER 8 The Applications and Limitations of EBITDA. EBIT, EBITDA, and Total Enterprise Value 1. The Role of EBITDA in Credit Analysis 1. Abusing EBITDA 1. A More Comprehensive Cash Flow Measure 1. Working Capital Adds Punch to Cash. Top 1000 World Banks 2010 Pdf. Flow Analysis 1. 74. Conclusion 1. 76. CHAPTER 9 The Reliability of Disclosure and Audits. An Artful Deal 1. Death Duties 1. 83. Systematic Problems in Auditing 1. How To Use Jdbc Odbc Driver In Netbeans. Conclusion 1. 89. CHAPTER 1. 0 Mergers and Acquisitions Accounting 1. Maximizing Postacquisition Reported Earnings 1. Managing Acquisition Dates and Avoiding Restatements 1. Conclusion 1. 97. CHAPTER 1. 1 Is Fraud DetectableTelltale Signs of Manipulation 1. Fraudsters Know Few Limits 2. Enron A Media Sensation 2. Health. Souths Excruciating Ordeal 2. Milk and Other Liquid Assets 2. Conclusion 2. 21. PART FOUR Forecasts and Security Analysis. CHAPTER 1. 2 Forecasting Financial Statements 2. A Typical One Year Projection 2. Sensitivity Analysis with Projected Financial Statements 2. Projecting Financial Flexibility 2. Pro Forma Financial Statements 2. Pro Forma Statements for Acquisitions 2. Multiyear Projections 2. Conclusion 2. 63. CHAPTER 1. 3 Credit Analysis 2. Balance Sheet Ratios 2. Income Statement Ratios 2. Statement of Cash Flows Ratios 2. Combination Ratios 2. Relating Ratios to Credit Risk 2. Conclusion 3. 04. CHAPTER 1. 4 Equity Analysis 3. The Dividend Discount Model 3. The Price Earnings Ratio 3. Why PE Multiples Vary 3. The Du Pont Formula 3. Valuation through Restructuring Potential 3. Conclusion 3. 34. APPENDIX Explanation of Pro Forma Adjustments for Hertz. Global Holdings, Inc. DTG 3. Notes 3. 41. Glossary 3. Bibliography 3. About the Authors 3.