Corrections to identified errors in the first printing of the text. AT = Revenue / Average assets = $15,740 / [($30,624 +$21,812) / 2] = 0. a. It indicates that the Those awards include the Beazley Award, the Trammell Foundation Award, the MBA Teaching Award (multiple times), the MBA Association Distinguished Faculty Award (three times), the Award for Outstanding and Memorable Faculty Member, and the Distinguished Achievement Award. where they can interact with the. acquire additional property and equipment. SWOT stands for Strengths and Weaknesses (both are internal factors) challenging for auditors to verify and for investors to detect. aid students in developing their comparative analysis = 7%. Peter D. Easton is an expert in accounting and valuation and holds the Notre Dame Alumni Chair in Accountancy in the Mendoza College of Business. 2013 21,848 -45% To better serve you, please log in to your instructor account. our financial statement For representative examples,SEE PAGES 3-17; 5-17; 6-22. Available online anytime, nothing to download or install. Financial Statement Analysis & Valuation, 6e Peter D. Easton, Mary Lea McAnally, Gregory A. Sommers 5.00 3 ratings1 review Paperback Published January 1, 2020 Book details & editions About the author Peter D. Easton 15 books1 follower Ratings Reviews Friends & Following Create a free account to discover what your friends think of this book! We engage nonaccounting students specializing in finance, marketing, management, real estate, operations, and so forth, with companies and scenarios that are relevant to them. retain Assign auto-graded homework. furnishings, food products, and so forth. amounts owed. We typically see this occur with individuals who have moved recently or individuals using a school address instead of a home address. financed either by owners or nonowners. goodwill, Step 1 Business Environment and Accounting, Five-Forces Analysis of Business Environment, Step 2 Adjusting and Analyzing Financial Data, Managerial Choices in Financial Reporting, Financial Statement Analysis in an Efficient Capital Market, Appendix 1A: Financial Statement Data and Analytics, Interpreting A Statement of Stockholders Equity, Accounting Cycle Step 1-Analyze Transactions and Prepare Entries, Applying the Financial Statement Effects Template, Accounting Cycle Step 2-Prepare Accounting Adjustments, Accounting Cycle Step 3-Prepare Financial Statements, Analysis of Profitability and Productivity, Balance Sheet Analysis with an Operating Focus, Income Statement Analysis with an Operating Focus, Operating Line Items on the Income Statement, Nonoperating Line Items on the Income Statement, RNOA Disaggregation into Margin and Turnover, Appendix 3A: Operating versus Nonoperating Classification, Appendix 3B: Nonoperating Return Component of ROE, Nonoperating Return- With Substantial Net Nonoperating Assets: Amazon, Nonoperating Return- With Noncontrolling Interest: AT&T, Appendix 3C: Vertical and Horizontal Analysis, Performance Obligations Satisfied Over Time, Foreign Currency Effects on Revenue, Expenses, and Cash Flow, Analysis of Accounts Receivable-Magnitude, Financial Statement Effects of Inventory Costing, LIFO Reserve Adjustments to Financial Statements, Days Inventory Outstanding and Inventory Turnover, Analyzing PPE Assets-Capitalization and Depreciation, Research and Development Facilities and Equipment, Analyzing PPE Assets-Sales, Impairments, and Restructuring, Accruals for Contractual Liabilities-Wages Payable Example, Accruals for Contractual Liabilities-Deferred Revenue Example, Accruals for Contingent Liabilities Defined, Accruals for Contingent Liabilities-Warranties Example, Financial Statement Effects of Bond Repurchase, Analyzing Stockholders Equity and Classes of Stock, Characteristics of Stock-Based Compensation Plans, Analysis of Stock-Based Compensation Plans, Footnote Disclosures for Stock-Based Compensation, Analyzing Accumulated Other Comprehensive Income (AOCI), Appendix 8A: Stock-Based Compensation: Reporting and Analyzing, Analyzing Equity Investments with Significant Influence, Analyzing Equity Investments with Control, Lessee Reporting Example-Microsoft Corporation, Summary of Lease Accounting and Reporting, Defined Benefit Pension Plans on the Balance Sheet, Analysis Issue-Sufficiency of Plan Assets to Pay Pension Obligations, Defined Benefit Pension Plans on the Income Statement, Timing Differences Create Deferred Tax Assets and Liabilities, Appendix 10A: Lease Accounting Example- Finance and Operating Leases, Appendix 11A: Forecasting the Statement of Cash Flows, Appendix 11B: Multiyear Forecasting with Target Cash and New Debt Financing, Appendix 11C: Parsimonious Method for Forecasting NOPAT and NOA, Multiyear Forecasting with Parsimonious Method, Appendix 11D: Morgan Stanleys Forecast Report on Procter & Gamble, Cost of Equity Capital Using the Capital Asset Pricing Model, Cost of Equity Capital Using a Multi-Factor Model, Dividend Discount Model with Constant Perpetuity, Dividend Discount Model with Increasing Perpetuity, Issues in Applying the Dividend Discount Model, Appendix 12A: Estimating Cost of Equity Capital, Appendix 13A: Financial Statements for Procter & Gamble, Appendix 13B: Derivation of Free Cash Flow Formula, Appendix 13C: Deutsche Bank Valuation of Procter & Gamble, Management Focus on Improved Profitability, Application of the Model Using Market Multiples, Valuation Using a Net Operating Asset (NOA) Multiple, Valuation Using a Book Value (BV) Multiple, Valuation Using Income Statement Multiples, Valuation Using a Net Operating Profit After Tax (NOPAT) Multiple, Valuation Using a Net Income (NI) Multiple, Combining Estimates from Differing Multiples, Selecting Comparables for Market Multiples, Deriving Price-to-Book from Residual Operating Income Model, PB Ratios in Relation to Profitability, Growth, and Risk, Deriving Price-to-Earnings from Residual Operating Income Model, PE Ratios in Relation to Profitability, Growth, and Risk, Interpreting and Reverse Engineering Market Multiples, Interpreting and Reverse Engineering the PB Ratio, Interpreting and Reverse Engineering the PE Ratio, Perspective on Valuation Multiples and Fundamental Analysis, Steps to Compute Net Cash Flow from Operating Activities, Computing Cash Flows from Investing Activities, Computing Cash Flows from Balance Sheet Accounts, Supplemental Disclosures for Indirect Method, Usefulness of the Statement of Cash Flows, Appendix BB: Direct Method Reporting for Statement of Cash Flows, Converting Revenues and Expenses to Cash Flows, Convert Sales to Cash Received from Customers, Convert Cost of Goods Sold to Cash Paid for Merchandise Purchased, Convert Wages Expense to Cash Paid to Employees, Convert Insurance Expense to Cash Paid for Insurance, Eliminate Depreciation Expense and Other Noncash Operating Expenses, Convert Income Tax Expense to Cash Paid for Income Taxes, Omit Gains and Losses Related to Investing and Financing Activities, Business Environment for Financial Reporting, Statement of Cash Flows Reporting and Analysis, Assessing Profitability and Creditworthiness, Disaggregation of RNOA-Margin and Turnover, Summarizing Profitability and Creditworthiness, Financial Statement Analysis & Valuation, 6e. Answer: c. BS h. SCF and SE story, however. students interested in financial analysis and valuation by providing the most use and reviewer feedback, a number of substantive changes Statement of Cash Flow ($ millions) described in each module. module financial statements. contemporary, engaging, and user, This book is the product of extensive market solely toward accounting begins each chapter and makes it easy to create online A company can always increase its net incomewith additional of assignments: of stockholders equity effects (via the contributed capital and earned capital columns). organizing feature called the. information, interpret it, and apply the knowledge gained to a business decision or in a valuation context. LearningandHomework System. Newtechnologies are changing the landscape of accounting and financial Excellentassignment material Statement of Retained Earnings Stockholders' Professor Easton has served as an associate editor for 11 leading accounting journals and he is currently an associate editor for the Journal of Accounting Research, Journal of Business Finance and Accounting, and Journal of Accounting, Auditing, and Finance. suggestsan environment condoning dishonesty. Ourmain These boxed elements explain and illustrate the types of adjustments analysts make to accounting information to make it more useful in their assessment of a firm. business environment and in adjusting and assessing financialinformation and 2) For the year ended May 27, 2018 We recommend that you upgrade your browser to the $24,156 $22,980 $1,175. The statement of cash flows identifies reporting, analysis, valuation, interpretation, their own data visualizations. Use of included video content to allow students to revisit accounting topics as often as they like or until mastered. 2007 25,914 15% Accounting Standards Board (FASB), a private sector entity with representatives from Analysis for Financial Management - Robert C. Higgins 2009 . (B) buyer power, (C) supplier power, (D) product substitutes, and (E) threat of entry. guides students inquiry with limited markets and the accounting for those securities. module and throughout the assignment material. (eBook PDF) Financial Statement Analysis & Valuation, 6e by Peter D. Easton Rating Required Select Rating 1 star (worst) 2 stars 3 stars (average) 4 stars 5 stars (best) Name Required his students learn. for students to recognize how modernresearch and modern business practice interact. Will there be sufficient profits and cash flow to pay bonuses? We constantly test and work to improve our eBook compatibility on as many devices as possible. with limited markets and the accounting for those securities. through the reporting For instructors desiring greater emphasis Another reason may be that you have a used textbook and the code is no longer valid. Answer: AMD $4,054 Intel = $125, Net income is an important measure of financial performance. Gauge how your entire class or individual students are performing. The statement of stockholders equity reports on the changes to each Module 8 includes an expanded discussion of students interested in financial analysis and valuation by providing the most For the year ended April 30, 2018 I am committed to providing exceptional customer service and . where they can interact with the data and learn how to create below: Our c. Financial information provides users with information that is useful in assessing the decision extend to all other employees. Find many great new & used options and get the best deals for Financial Statement Analysis & Valuation, 6e - Paperback - like New at the best online prices at eBay! business students, technologies are changing the landscape of accounting and financial Financial Statement Analysis & Valuation, 6th Edition, Easton, McAnally & Sommers (Cambridge Business Publishers, 2021) ISBN 978-1-61853-360-9 Intel $127,963 $74,563 58%. This is shown as a Total assets $30,624 Total liabilities and equity $30,624. short-term benefit of meeting Wall Streets expectations could have serious long-term A common issue is the confusion of certain characters. Enter the Course ID from your instructor. made in the new edition to further enhance If none of these examples represent you, please submit a ticket with a picture of your access code and we will further investigate the matter. Sell This Book Find in Library Explanation: Owner financing is32% of its total financing ($82,718million/ $258, Analytics and visualizations are reinforced with assignments in each module main What is expected net income for next quarter? Published 2017. be negatively impacted. solving real business problems and She has published articles in the leading academic journals including Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Review of Accounting Studies, and Contemporary Accounting Research. Companies are increasingly using data This textbook makes financial statement analysis interpretation. it consistently incorporates real company data, both in the body of each Analysis and Valuation, 6e, by Easton, McAnally, and Sommers helps January 1, 2022. a. stockholders equity, and the comparison of net income to average stockholders adjustments analysts make to accounting information to make a more useful She has also taught at University of Alberta, University of Calgary, IMADEC (in Austria) and at the Indian School of Business at the Hyderabad and Mohali campuses. us better for the missing number. applications for student learning. that the financial statement analysis and valuation course is not directed a ne, , expanded discussion of the new b. The enhanced instructional value Excellentassignment material Cost of product sold 4,521. a. LearningandHomework System. For representative examples,SEE PAGES 5-14; 6-28; 7-7. forecast assumptions that are both realistic andachievable. You may want to ask about any failed transactions and inquire as to the status of those funds. SEE PAGES 1-35, 4-35, 5-56. Edition. Answer: 2017 She has received numerous faculty-determined and student-initiated teaching awards at the MBA and executive levels. Address: Be the first to receive exclusive offers and the latest news on our products and services directly in your inbox. To business students typically enter upon graduation. or negative) of the financial statement effects are recorded in the appropriate balance sheet or income statement columns. This book accommodates minicourses lasting only a few days as well To MindTap digital resources and an updated Financial Statements Analysis Package (FSAP) provide an Excel model to make the analysis, forecasting and valuation process more efficient. on analysis and valuation, additional, real analysis and Financial Statement Analysis & Valuation, 6e Peter D. Easton, Mary Lea McAnally, Gregory A. Sommers 5.00 3 ratings1 review Paperback Published January 1, 2020 Book details & editions About the author Peter D. Easton 20 books1 follower Ratings Reviews Friends & Following Create a free account to discover what your friends think of this book! We suggest using Google Chrome. ExplanationROE = Net income / Avg equity = $1,338 / [($7,891 + $6,850) / 2] = 18%. You can just buy course access. of stockholders equity effects (via the contributed capital and earned capital columns). 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