NOT IN USE - Custom ACC 620 (St. Joseph's University)
by Easton
ISBN: | Copyright 2024
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| Financial & Managerial Accounting for MBAs, 6e (pg. 1.4-1) | |
| Module 4 Analyzing and Interpreting Financial Statements (pg. 1.4-1) | |
| Preview (pg. 1.4-1) | |
| Return on Equity (ROE) (pg. 1.4-3) | |
| Review 4-1 (pg. 1.4-3) | |
| ROE Disaggregation: DuPont Analysis (pg. 1.4-4) | |
| Return on Assets (pg. 1.4-4) | |
| Financial Leverage (pg. 1.4-5) | |
| Review 4-2 (pg. 1.4-5) | |
| Return on Assets and Its Disaggregation (pg. 1.4-6) | |
| Analysis of Profitability and Productivity (pg. 1.4-7) | |
| Analysis of Profitability (pg. 1.4-8) | |
| Analysis of Productivity (pg. 1.4-9) | |
| Analysis of Financial Leverage (pg. 1.4-12) | |
| Review 4-3 (pg. 1.4-14) | |
| Balance Sheet Analysis with an Operating Focus (pg. 1.4-14) | |
| Operating and Nonoperating Returns (pg. 1.4-14) | |
| Operating and Nonoperating Liabilities (pg. 1.4-15) | |
| Return on Net Operating Assets (RNOA) (pg. 1.4-15) | |
| Net Operating Assets (NOA) (pg. 1.4-15) | |
| Net Nonoperating Obligations (NNO) (pg. 1.4-17) | |
| Review 4-4 (pg. 1.4-18) | |
| Income Statement Analysis with an Operating Focus (pg. 1.4-19) | |
| Operating Line Items on the Income Statement (pg. 1.4-19) | |
| Nonoperating Line Items on the Income Statement (pg. 1.4-19) | |
| Net Nonoperating Expense (NNE) (pg. 1.4-22) | |
| Review 4-5 (pg. 1.4-22) | |
| Return on Net Operating Assets (RNOA) (pg. 1.4-23) | |
| RNOA vs ROA (pg. 1.4-23) | |
| Financial leverage (pg. 1.4-24) | |
| Review 4-6 (pg. 1.4-25) | |
| RNOA Disaggregation into Margin and Turnover (pg. 1.4-25) | |
| Net Operating Profit Margin (pg. 1.4-25) | |
| Net Operating Asset Turnover (pg. 1.4-26) | |
| Trade-Off between Margin and Turnover (pg. 1.4-27) | |
| Review 4-7 (pg. 1.4-29) | |
| Global Accounting (pg. 1.4-29) | |
| Appendix 4A: Operating versus Nonoperating Classification (pg. 1.4-30) | |
| Appendix 4B: Nonoperating Return Component of ROE (pg. 1.4-31) | |
| Nonoperating Return (pg. 1.4-31) | |
| Nonoperating Return- With Substantial Net Nonoperating Assets: Amazon (pg. 1.4-33) | |
| Nonoperating Return- With Noncontrolling Interest: AT&T (pg. 1.4-34) | |
| Appendix 4C: Liquidity and Solvency Analysis (pg. 1.4-35) | |
| Liquidity Analysis (pg. 1.4-36) | |
| Current Ratio (pg. 1.4-36) | |
| Quick Ratio (pg. 1.4-36) | |
| Solvency Analysis (pg. 1.4-37) | |
| Liabilities-to-Equity (pg. 1.4-37) | |
| Times Interest Earned (pg. 1.4-38) | |
| Vertical and Horizontal Analysis (pg. 1.4-38) | |
| Limitations of Ratio Analysis (pg. 1.4-40) | |
| Review 4-9 (pg. 1.4-41) | |
| Guidance Answers (pg. 1.4-41) | |
| Questions (pg. 1.4-42) | |
| Mini Exercises (pg. 1.4-42) | |
| Exercises (pg. 1.4-46) | |
| Problems (pg. 1.4-50) | |
| IFRS Applications (pg. 1.4-57) | |
| Management Applications (pg. 1.4-57) | |
| Ongoing Project (pg. 1.4-58) | |
| Solutions to Review Problems (pg. 1.4-59) | |
| Review 4-1-Solution (pg. 1.4-59) | |
| Review 4-2-Solution (pg. 1.4-59) | |
| Review 4-3-Solution (pg. 1.4-59) | |
| Review 4-4-Solution (pg. 1.4-60) | |
| Review 4-5-Solution (pg. 1.4-60) | |
| Review 4-6-Solution (pg. 1.4-60) | |
| Review 4-7-Solution (pg. 1.4-60) | |
| Review 4-8-Solution (pg. 1.4-60) | |
| Review 4-9-Solution (pg. 1.4-61) | |
| Module 12 Financial Statement Forecasting (pg. 1.12-1) | |
| Preview (pg. 1.12-1) | |
| Forecasting Process (pg. 1.12-3) | |
| Adjusted Financial Statements (pg. 1.12-3) | |
| Forecasting Order of Financial Statements (pg. 1.12-3) | |
| Morgan Stanley Forecasting Process (pg. 1.12-4) | |
| Forecasting Mechanics (pg. 1.12-4) | |
| Forecasting Consistency and Precision (pg. 1.12-4) | |
| Company Guidance (pg. 1.12-5) | |
| Review 12-1 (pg. 1.12-6) | |
| Forecasting the Income Statement (pg. 1.12-8) | |
| Overview (pg. 1.12-8) | |
| Sales as the Income Statement Forecast Driver (pg. 1.12-9) | |
| Cost of Goods Sold (COGS) (pg. 1.12-9) | |
| SGA Expense (pg. 1.12-9) | |
| Interest Expense (pg. 1.12-9) | |
| Income Tax Expense (pg. 1.12-10) | |
| Review 12-2 (pg. 1.12-11) | |
| Forecasting the Balance Sheet (pg. 1.12-12) | |
| Overview Here is a high-level overview of balance sheet forecasting-details follow. Working (pg. 1.12-12) | |
| Working Capital Accounts (pg. 1.12-12) | |
| PPE (Property, Plant and Equipment) Assets (pg. 1.12-12) | |
| Intangible Assets (pg. 1.12-14) | |
| Long-Term Debt (LTD) (pg. 1.12-14) | |
| Retained Earnings (pg. 1.12-14) | |
| Dividends (pg. 1.12-15) | |
| Treasury Stock (pg. 1.12-15) | |
| Cash Plug (the plug) (pg. 1.12-15) | |
| Estimating the Normal Cash Level (pg. 1.12-15) | |
| When Cash Plug Deviates from Norm (pg. 1.12-15) | |
| Maintaining the Capital Structure (pg. 1.12-16) | |
| Review 12-3 (pg. 1.12-16) | |
| Building Forecasts from the Bottom Up (pg. 1.12-16) | |
| Segment Data (pg. 1.12-16) | |
| Review 12-4 (pg. 1.12-18) | |
| Appendix 12A: Forecasting the Statement of Cash Flows (pg. 1.12-19) | |
| Review 12-5 (pg. 1.12-20) | |
| Appendix 12B: Multiyear Forecasting with Target Cash and New Debt Financing (pg. 1.12-20) | |
| Forecasting Sensitivity Analysis (pg. 1.12-21) | |
| Review 12-6 (pg. 1.12-22) | |
| Appendix 12C: Parsimonious Method for Forecasting NOPAT and NOA (pg. 1.12-22) | |
| Multiyear Forecasting with Parsimonious Method (pg. 1.12-22) | |
| Review 12-7 (pg. 1.12-23) | |
| Appendix 12D: Morgan Stanley’s Forecast Report on Procter & Gamble (pg. 1.12-23) | |
| Questions (pg. 1.12-31) | |
| Mini Exercises (pg. 1.12-31) | |
| Exercises (pg. 1.12-37) | |
| Problems (pg. 1.12-45) | |
| Ongoing Project (pg. 1.12-51) | |
| Solutions to Review Problems (pg. 1.12-51) | |
| Review 12-1-Solution (pg. 1.12-51) | |
| Review 12-2-Solution (pg. 1.12-52) | |
| Review 12-3-Solution (pg. 1.12-52) | |
| Review 12-4-Solution (pg. 1.12-53) | |
| Review 12-5-Solution (pg. 1.12-54) | |
| Review 12-6-Solution (pg. 1.12-54) | |
| Review 12-7-Solution (pg. 1.12-55) | |
| Module 13 Using Financial Statements for Valuation (pg. 1.13-1) | |
| Preview (pg. 1.13-2) | |
| Equity Valuation Models (pg. 1.13-3) | |
| Dividend Discount Model (pg. 1.13-3) | |
| Discounted Cash Flow Model (pg. 1.13-3) | |
| Residual Operating Income Model (pg. 1.13-3) | |
| Valuation Model Inputs (pg. 1.13-4) | |
| Review 13-1 (pg. 1.13-5) | |
| Discounted Cash Flow (DCF) Model (pg. 1.13-5) | |
| DCF Model Structure (pg. 1.13-5) | |
| Steps in Applying the DCF Model (pg. 1.13-6) | |
| Illustrating the DCF Model (pg. 1.13-6) | |
| Review 13-2 (pg. 1.13-8) | |
| Residual Operating Income (ROPI) Model (pg. 1.13-9) | |
| ROPI Model Structure (pg. 1.13-9) | |
| Steps in Applying the ROPI Model (pg. 1.13-9) | |
| Illustrating the ROPI Model (pg. 1.13-10) | |
| Review 13-3 (pg. 1.13-11) | |
| Further Considerations Involving Valuation Models (pg. 1.13-11) | |
| Managerial Insights from the ROPI Model (pg. 1.13-11) | |
| Assessment of Valuation Models (pg. 1.13-12) | |
| Review 13-4 (pg. 1.13-13) | |
| Global Accounting (pg. 1.13-14) | |
| Appendix 13A: Derivation of Free Cash Flow Formula (pg. 1.13-14) | |
| Appendix 13B: Deutsche Bank Valuation of Procter & Gamble (pg. 1.13-14) | |
| Qualitative and Quantitative Summary (pg. 1.13-14) | |
| Concluding Observations of Analyst Report (pg. 1.13-25) | |
| Guidance Answers (pg. 1.13-25) | |
| Mini Exercises (pg. 1.13-26) | |
| Exercises (pg. 1.13-27) | |
| Problems (pg. 1.13-31) | |
| Management Applications (pg. 1.13-36) | |
| Ongoing Project (pg. 1.13-37) | |
| Solutions to Review Problems (pg. 1.13-38) | |
| Review 13-1-Solution (pg. 1.13-38) | |
| Review 13-2-Solution (pg. 1.13-38) | |
| Review 13-3-Solution (pg. 1.13-39) | |
| Review 13-4-Solution (pg. 1.13-39) | |
Peter D. Easton
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.
Professor Easton’s expertise is widely recognized by the academic research community and by the legal community. Professor Easton frequently serves as a consultant on accounting and valuation issues in federal and state courts.
Professor Easton holds undergraduate degrees from the University of Adelaide and the University of South Australia. He holds a graduate degree from the University of New England and a PhD in Business Administration (majoring in accounting and finance) from the University of California, Berkeley.
Professor Easton’s research on corporate valuation has been published in the Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, Review of Accounting Studies, and Journal of Business Finance and Accounting.
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. He is an editor of the Review of Accounting Studies.
Professor Easton has held appointments at the University of Chicago, the University of California at Berkeley, Ohio State University, Macquarie University, the Australian Graduate School of Management, the University of Melbourne, Tilburg University, National University of Singapore, Seoul National University, and Nyenrode University. He is the recipient of numerous awards for excellence in teaching and in research. Professor Easton regularly teaches accounting analysis and security valuation to MBAs. In addition, Professor Easton has taught managerial accounting at the graduate level.
| Financial & Managerial Accounting for MBAs, 6e (Easton, Halsey, McAnally) | |
|---|---|
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Errata Last Updated: Oct 30 2023 |
Corrections to identified errors in the first printing of the text. |
|
Appendix C Last Updated: Sep 16 2020 |
Appendix C: Comprehensive Case / Harley-Davidson |
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Excel Templates - Students Last Updated: Nov 14 2022 |
Excel templates for use with the Module Reviews associated with the financial modules of the text. |
