Synopses & Reviews
The ninth edition thoroughly involves one with financial statements by using real-world examples. It builds skills in analyzing real financial reports through statements, exhibits, and cases of actual companies. Emphasis is placed on the analysis and interpretation of the end result of financial reporting--financial statements.
Synopsis
In this completely updated version, Gibson reflects recent changes in accounting standards and current financial reporting problems, such as international standards, deferred taxes, and financial instrument disclosures. It provides real world examples through companies such as McDonnell Douglas, Intel, and Delta Airlines. These examples are used in the illustrations, problems, cases, and analyses contained in the book, connecting theory to real applications. Manufacturing, retailing, and service sectors are all covered in the book, with the differences between the industries described in depth. Regulated and non-regulated industries are also included. A comprehensive case at the end of the book examines Worthington Industries and provides an opportunity to tie concepts together in an extensive analysis of a profit-oriented business.
Description
System requirements for accompanying computer disc: Pentium processor; Windows 95. Includes bibliographical references and index.
Table of Contents
1. Introduction to Financial Reporting 2. Introduction to Financial Statements and Other Financial Reporting Topics 3. Balance Sheet 4. Income Statement 5. Basics of Analysis 6. Liquidity of Short-Term Assets; Related Debt-Paying Ability 7. Long-Term Debt-Paying Ability 8. Profitability 9. For the Investor 10. Statement of Cash Flows Summary Analysis: Nike, Inc. 11. Expanded Analysis 12. Special Industries: Banks, Utilities, Oil and Gas, Transportation, Insurance, Real Estate Companies 13. Personal Financial Statements and Accounting for Governments and Not-for-Profit Organizations. Glossary. Bibliography. Index.