financial statement analysis tools and techniques

... distinction which is important for financial institutions. 1 i(1 ϩ i) n 1 i Present Value Factor hel78340_ch07.qxd 9/27/01 11:19 AM Page 227 228 Financial Analysis: Tools and Techniques The use of the ... $8,333. hel78340_ch07.qxd 9/27/01 11:19 AM Page 229 230 Financial Analysis: Tools and Techniques Net Investment The first element in the analysis, the net investment, normally consists of the ... facility, or a process is expected beyond this specific analysis hel78340_ch07.qxd 9/27/01 11:19 AM Page 231 232 Financial Analysis: Tools and Techniques period chosen. This condition is especially

Ngày tải lên: 01/07/2014, 22:20

... 358 Financial Analysis: Tools and Techniques cash flows and the creation of economic value is the ultimate expression of suc- cess or failure of business decisions on investment, operating, and ... even within a day’s trading, and the volume of shares changing hands on a given day hel78340_ch11.qxd 9/27/01 11:31 AM Page 359 360 Financial Analysis: Tools and Techniques might vary greatly—affecting ... recorded, and vice versa hel78340_ch11.qxd 9/27/01 11: 31 AM Page 386 386 Financial Analysis: Tools and Techniques F I G U R E 11 6 Present Value of Business Cash Flows and the

Ngày tải lên: 01/07/2014, 22:20

... 397 398 Financial Analysis: Tools and Techniques performance and value criteria that reflect and encourage the cash flow trade-offs underlying management decisions, incentives, execution, and results. ... performance and value. All financial analysis techniques and methodologies discussed in this book are ultimately related to the business system and its strategic context as viewed here and in Chapter ... elements and vari- ables that drive value creation, which form the basis for operational targets and the hel78340_ch12.qxd 9/27/01 11:32 AM Page 393 394 Financial Analysis: Tools and Techniques

Ngày tải lên: 01/07/2014, 22:20

... the definitions of financial terms, and their relationships to formulas and statements. The software reflects the structure and definitions of financial analysis concepts and tools as discussed ... APPENDIX I Financial Analysis Using Financial Genome An advanced financial analysis, statement generation and business planning soft- ware application called Financial Genome is available ... each offer a selection of financial data, news, and a variety... analysis, statement preparation, and financial planning Financial growth plan A model of future financial flows that tracks

Ngày tải lên: 01/07/2014, 22:20

... Financial Analysis. .. company we address next hel78340_ch 01. qxd 9/27/ 01 10:58 AM Page 10 10 Financial Analysis: Tools and Techniques The Practice of Financial/ Economic Analysis ... 2 2 Financial Analysis: Tools and Techniques For many years the purpose and contribution of this book have been to help make financial/ economic analysis a practical, understandable ... and processes The successful company will have an integrated set of metrics and criteria, and. .. hel78340_ch 01. qxd 4 9/27/ 01 10:57 AM Page 4 Financial Analysis: Tools and Techniques

Ngày tải lên: 05/08/2014, 13:20

... judgments and adjustments hel78340_ch 02. qxd 9 /27 /01 10:59 AM Page 50 50 Financial Analysis: Tools and Techniques F I G U R E 2 16 Generalized Overview of Financial Statements ... augmented by retained earnings, and long-term debt held by outsiders. Trade-offs hel78340_ch02.qxd 9/27/01 10:59 AM Page 27 28 Financial Analysis: Tools and Techniques and decisions that affect the ... Liabilities and net worth (on a given... orientation involved in each: hel78340_ch 02. qxd 9 /27 /01 10:59 AM 52 Page 52 Financial Analysis: Tools and Techniques • Financial accounting

Ngày tải lên: 05/08/2014, 13:20

... AM Page 88 88 Financial Analysis: Tools and Techniques F I G U R E 3 16 TRW INC AND SUBSIDIARIES Statements of Cash Flows For the Years Ended December 31 , 1997 and 1996 ($ millions) ... conversion patterns and lead to distortions in the company’s financial system performance hel7 834 0_ch04.qxd 9/27/01 11:07 AM Page 112 112 Financial Analysis: Tools and Techniques. ..hel7 ... $2,078 ______ hel78340_ch03.qxd 9/27/01 11:00 AM Page 81 82 Financial Analysis: Tools and Techniques TRW’s statement of earnings, or income statement, reproduced in Figure 3–14, provides us with helpful

Ngày tải lên: 05/08/2014, 13:20

... Financial Analysis: Tools and Techniques Robert Morris Associates Annual Statement Studies Philadelphia Palepu, Krishna G.; Victor L Bernard; and Paul M Healy Business Analysis and ... perspective of financial theory and business practice hel78 340 _ch 04. qxd 9/27/01 11:07 AM Page 146 146 Financial Analysis: Tools and Techniques TE AM FL Y 1 Analysis of business ... hel78340_ch04.qxd 9/27/01 11:07 AM Page 135 136 Financial Analysis: Tools and Techniques based on cash flows, and if decisions are consistently analyzed and executed in this manner, positive accounting

Ngày tải lên: 05/08/2014, 13:20

... forecasts—pro forma statements, cash budgets, and operating budgets—are based on the same set of assumptions about hel78340_ch05.qxd 9/27/01 11:14 AM Page 181 182 Financial Analysis: Tools and Techniques ... represented in a full-fledged financial model, with linkages to internal and external databases. hel78340_ch05.qxd 9/27/01 11:14 AM Page 185 186 Financial Analysis: Tools and Techniques The central ... Financing assumptions Corporate financial database Past and pro forma financial statements Cash flow analysis and projections Economic analyses Performance analyses Financial model Technology

Ngày tải lên: 05/08/2014, 13:20

... 340 Financial Analysis: Tools and Techniques assumed EPS of zero and deriving an EBIT that just provides for this condition. The calculation is shown in Figure 10–7 for the original situation and ... 344 9/27/01 11:30 AM Page 344 Financial Analysis: Tools and Techniques the respective EPS of the alternative thus affected, and redraw the lines... is financially able to pay as the ... 40_ch10.qxd 9/27/01 11:30 AM 350 Page 350 Financial Analysis: Tools and Techniques In the comparative analysis of the final choice between leasing and ownership we have to weigh such elements

Ngày tải lên: 05/08/2014, 13:20

... 396 Financial Analysis: Tools and Techniques AM FL Y and it’s important that the analytical use of any measure,... hel78340_ch12.qxd 9/ 27/01 11:33 AM 398 Page 398 Financial Analysis: ... performance and value All financial analysis techniques and methodologies discussed in this book are ultimately related to the business system and its strategic context as viewed here and ... conditions, and the present value of a different and usually higher cash flow pattern expected from hel78340_ch12.qxd 412 9/ 27/01 11:33 AM Page 412 Financial Analysis: Tools and Techniques

Ngày tải lên: 05/08/2014, 13:20

... between the rev- enues and the matching costs and expenses for a specified period. (Cf. earnings.) Income statement (operating statement, profit and loss statement) A financial statement reporting ... Operating statement (income statement) Afinancial statement reporting the revenues and matching costs and expenses for a spec- ified period, and deriving the net income. Operational analysis The ... rights and warrants, and securities convertible into common shares, used in calculating earnings per share—diluted. Common-size financial statements A ratio analysis of balance sheets and income statements

Ngày tải lên: 05/08/2014, 13:20

... 105 CHAPTER 4 Financial Statement Analysis Tools In previous chapters we have seen how the firm’s basic financial statements are constructed. In this chapter we will see how financial analysts ... is a pointless exercise unless you understand how to use them One overriding rule of ratio analysis. .. CHAPTER 4: Financial Statement Analysis Tools As a first step in developing our ... the return on equity 121 CHAPTER 4: Financial Statement Analysis Tools Du Pont Analysis The return on equity (ROE) is important to both managers and investors The effectiveness of managers

Ngày tải lên: 25/03/2014, 11:44

... value and price-to-book ratios. The empirical analysis is in Section 3, with conclusions summarized in Section 4. 1. Financial Statement Analysis of Leverage The following financial statement analysis ... Kluwer Academic Publishers. Manufactured in The Netherlands. Financial Statement Analysis of Leverage and How It Informs About Profitability and Price-to-Book Ratios DORON NISSIM dn75@columbia.edu Graduate ... suppliers and buyers to financing (Schwartz, 1974), and informational advantages and comparative costs of monitoring (Smith, 1987; Mian and Smith, 1992; Biais and Gollier, 1997). Petersen and Rajan

Ngày tải lên: 23/03/2014, 02:20

... 18 Financial Analysis: Tools and Techniques production, carefully calibrated against quality standards and relative contribution from products and services, or cost effectiveness standards ... 9/27/01 10:57 AM Page 2 10 Financial Analysis: Tools and Techniques The Practice of Financial/ Economic Analysis The financial/ economic analysis sponsored and used by the economic manager can ... differentiate between purely financial analysis on one hand, and economic analysis and trade-offs on the other. As we mentioned, the first is largely based on financial statements and accounting data, while...

Ngày tải lên: 24/01/2014, 00:20

... both for the financial/ economic dimensions of systematic business management and for understanding the nature of financial statements, data, and processes underlying financial analysis techniques. ... organizations and empowered employees. Empowerment begins with knowledge and is expanded by targeted training, which includes understanding the nature and relevance of financial/ eco- nomic data, and is ... context, and its relationship to financial statements and analytical tools as presented in Chap- ter 2. The coverage of analytical methods begins in Chapter 3 with funds flow analysis, moves on to financial...

Ngày tải lên: 05/03/2014, 20:20

... 2 Financial Analysis: Tools and Techniques For many years the purpose and contribution of this book have been to help make financial/ economic analysis a practical, understandable and usable process for ... basic economics and financial analysis have never changed, but only were ignored at times. Next, the key concept of the business system and all of its relationships to financial analysis and statements ... context, and its relationship to financial statements and analytical tools as presented in Chap- ter 2. The coverage of analytical methods begins in Chapter 3 with funds flow analysis, moves on to financial...

Ngày tải lên: 28/06/2014, 08:20

... Team-Fly đ 2 Financial Analysis: Tools and Techniques For many years the purpose and contribution of this book have been to help make financial/ economic analysis a practical, understandable and usable ... both for the financial/ economic dimensions of systematic business management and for understanding the nature of financial statements, data, and processes underlying financial analysis techniques. ... organizations and empowered employees. Empowerment begins with knowledge and is expanded by targeted training, which includes understanding the nature and relevance of financial/ eco- nomic data, and is...

Ngày tải lên: 28/06/2014, 12:20

... 2 Financial Analysis: Tools and Techniques For many years the purpose and contribution of this book have been to help make financial/ economic analysis a practical, understandable and usable ... differentiate between purely financial analysis on one hand, and economic analysis and trade-offs on the other. As we mentioned, the first is largely based on financial statements and accounting data, while ... Fi- nancial Analysis: Tools and Techniques. vii hel78340_FM.qxd 9/27/01 10:56 AM Page vii Copyright 2001 The McGraw-Hill Companies, Inc. Click Here for Terms of Use. 8 Financial Analysis: Tools and Techniques the...

Ngày tải lên: 28/06/2014, 18:20