Financial Reporting, Financial Statement Analysis and Valuation 9th Edition By James Wahlen, Baginski, Bradshaw | eBook

eBook for Financial Reporting, Financial Statement Analysis and Valuation, 9th Edition By James M. Wahlen, Stephen P. Baginski, Mark Bradshaw Get all 14 Chapters eBook PDF. Table of Contents Contents Chapter 1: Overview of Financial Reporting, Financial Statement Analysis, and Valuation Chapter Overview Overview of Financial Statement Analysis Step 1: Identify the Industry Economic Characteristics Step 2: Identify the Company Strategies Step 3: Assess the Quality of the Financial Statements Step 4: Analyze Profitability and Risk Step 5: Prepare Forecasted Financial Statements and Step 6: Value the Firm Role of Financial Statement Analysis in an Efficient Capital Market Sources of Financial Statement Information Summary Questions and Exercises Problems and Cases Integrative Case 1.1 Walmart Case 1.2 Nike: Somewhere between a Swoosh and a Slam Dunk Chapter 2: Asset and Liability Valuation and Income Recognition Chapter Overview The Mixed Attribute Measurement Model Asset and Liability Valuation and the Trade-Off between Relevance and Representational Faithfulness Income Recognition Income Taxes Framework for Analyzing the Effects of Transactions on the Financial Statements Summary Questions and Exercises Problems and Cases Integrative Case 2.1 Walmart Chapter 3: Income Flows versus Cash Flows: Understanding the Statement of Cash Flows Chapter Overview Purpose of the Statement of Cash Flows The Relations among the Cash Flow Activities Cash Flow Activities and a Firm's Life Cycle Understanding the Relations among Net Income, Balance Sheets, and Cash Flows Preparing the Statement of Cash Flows Usefulness of the Statement of Cash Flows for Accounting and Risk Analysis Summary Questions and Exercises Problems and Cases Integrative Case 3.1 Walmart Case 3.2 Prime Contractors Chapter 4: Profitability Analysis Chapter Overview Overview of Profitability Analysis Based on Various Measures of Income Return on Assets (ROA) Return on Common Shareholders' Equity (ROCE) Economic and Strategic Determinants of ROA and ROCE Benefits and Limitations of Using Financial Statement Ratios Summary Questions and Exercises Problems and Cases Integrative Case 4.1 Profitability and Risk Analysis of Walmart Stores Chapter 5: Risk Analysis Chapter Overview Disclosures Regarding Risk and Risk Management Analyzing Short-Term Liquidity Risk Analyzing Long-Term Solvency Risk Analyzing Credit Risk Analyzing Bankruptcy Risk Measuring Systematic Risk Summary Questions and Exercises Problems and Cases Integrative Case 5.1 Walmart Case 5.2 Massachusetts Stove Company-Bank Lending Decision Case 5.3 Fly-by-Night International Group: Can This Company Be Saved? Chapter 6: Accounting Quality Chapter Overview Accounting Quality Earnings Management Recognizing and Measuring Liabilities Asset Recognition and Measurement Specific Events and Conditions That Affect Earnings Persistence Tools in the Assessment of Accounting Quality Financial Reporting Worldwide Summary Questions and Exercises Problems and Cases Integrative Case 6.1 Walmart Case 6.2 Citi: A Very Bad Year Case 6.3 Arbortech: Apocalypse Now Chapter 7: Financing Activities Chapter Overview Equity Financing Net Income, Retained Earnings, Accumulated Other Comprehensive Income, and Reserves Debt Financing Leases The Use of Derivatives to Hedge Interest Rate Risk Summary Questions and Exercises Problems and Cases Integrative Case 7.1 Walmart Case 7.2 Oracle Corporation: Share-Based Compensation Effects/Statement of Shareholders' Equity Case 7.3 Long-Term Solvency Risk: Southwest and Lufthansa Airlines Chapter 8: Investing Activities Chapter Overview Investments in Long-Lived Operating Assets How Do Managers Allocate Acquisition Costs over Time? What Is the Relation between the Book Values and Market Values of Long-Lived Assets? Investments in Securities Primary Beneficiary of a Variable-Interest Entity Foreign Currency Translation Summary Questions and Exercises Problems and Cases Integrative Case 8.1 Walmart Case 8.2 Disney Acquisition of Marvel Entertainment Chapter 9: Operating Activities Chapter Overview Revenue Recognition Expense Recognition Income Taxes Pensions and Other Postretirement Benefits Summary Questions and Exercises Problems and Cases Integrative Case 9.1 Walmart Case 9.2 Coca-Cola Pensions Chapter 10: Forecasting Financial Statements Chapter Overview Introduction to Forecasting Preparing Financial Statement Forecasts Step 1: Project Revenues Step 2: Project Operating Expenses Step 3: Project Operating Assets and Liabilities on the Balance Sheet Step 4: Project Financial Leverage, Financial Assets, Common Equity Capital, and Financial Income an Step 5: Project Provisions for Taxes, Net Income, Dividends, Share Repurchases, and Retained Earning Step 6: Balance the Balance Sheet Step 7: Project the Statement of Cash Flows Shortcut Approaches to Forecasting Test Forecast Validity by Analyzing Projected Financial Statements Sensitivity Analysis Reactions to Announcements Summary Questions and Exercises Problems and Cases Integrative Case 10.1 Walmart Case 10.2 Massachusetts Stove Company: Analyzing Strategic Options Chapter 11: Risk-Adjusted Expected Rates of Return and the Dividends Valuation Approach Chapter Overview The General Valuation Model Equivalence among Dividends, Cash Flows, and Earnings Valuation Expected Rates of Return Dividends-Based Valuation: Rationale and Basic Concepts Dividends-Based Valuation: Advanced Concepts The Dividends-Based Valuation Model Applying the Dividends-Based Valuation Model to Value Starbucks Sensitivity Analysis and Investment Decision Making Summary Questions and Exercises Problems and Cases Integrative Case 11.1 Walmart Chapter 12: Valuation: Cash-Flow-Based Approaches Chapter Overview Rationale for Cash-Flow-Based Valuation Measuring Free Cash Flows Cash-Flow-Based Valuation Models Free Cash Flows Valuation of Starbucks Sensitivity Analysis and Investment Decision Making Summary Questions and Exercises Problems and Cases Integrative Case 12.1 Walmart: Free-Cash-Flows Valuation of Walmart's Common Equity Case 12.2 Holmes Corporation Chapter 13: Valuation: Earnings-Based Approach Chapter Overview Rationale for Earnings-Based Valuation Earnings-Based Valuation: Practical Advantages and Concerns Theoretical and Conceptual Foundations for Residual Income Valuation Residual Income Valuation with Finite Horizon Earnings Forecasts and Continuing Value Computations Residual Income Model Implementation Issues Consistency in Residual Income, Dividends, and Free Cash Flows Valuation Estimates Summary Questions and Exercises Problems and Cases Integrative Case 13.1 Walmart Chapter 14: Valuation: Market-Based Approaches Chapter Overview Market Multiples of Accounting Numbers Market-to-Book and Value-to-Book Ratios Price-Earnings and Value-Earnings Ratios Reverse Engineering The Relevance of Academic Research for the Work of the Security Analyst Summary Questions and Exercises Problems and Cases Integrative Case 14.1 Walmart Appendix A: Financial Statements and Notes for Starbucks Corporation Appendix B: Management's Discussion and Analysis for Starbucks Corporation Appendix C: Financial Statement Analysis Package (FSAP) Appendix D: Financial Statement Ratios: Descriptive Statistics by Industry Index