Transcription of FINANCIAL STATEMENT ANALYSIS - Pearson
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FINANCIAL STATEMENT ANALYSIS - Pearson
INTRODUCTION TOFINANCIALSTATEMENTANALYSISUpon completion of this chapter, you should be able to: Understand the decision emphasis of FINANCIAL STATEMENT analysisand why a comprehensive approach is needed to meet this objec-tive. Indicate who uses FINANCIAL statements and how they use them tomake decisions. Show the importance of generally accepted accounting principles(GAAP) to ANALYSIS , which organizations determine GAAP, whyGAAP differs among countries, and the benefits of harmonizingGAAP. Determine the various concepts of capital maintenance andattributes of asset measurement. Articulate the benefits and limitations of the nominal dollar capi-tal maintenance concept and historical cost valuation in financialreporting and ANALYSIS . Explain how inconsistent terminology, data volume, transactioncomplexity, information variability, and FINANCIAL STATEMENT lim-itations can affect FINANCIAL STATEMENT LEARNING 8/6/01 5:54 PM Page 12 FINANCIAL STATEMENT ANALYSIS nalysts separate something whole an engine, a manufacturing process, afootball team, a presidential election, or a FINANCIAL STATEMENT into
Determine the various concepts of capital maintenance and ... Therefore, the analyst needs to develop a comprehensive perspective when analyzing financial statements, or risk making poor judgments and bad decisions. ... cial analysis to solve Telesoft’s dilemma, but Bear Stearns may have lost business ...
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