NOT IN USE - Custom ACCT 707 Financial Statement Analytics (UNLV)
by Easton
ISBN: | Copyright 2024
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| Financial Statement Analysis & Valuation, 6e (pg. 1.3-1) | |
| Module 3 Profitability Analysis and Interpretation (pg. 1.3-1) | |
| Return on Equity (ROE) (pg. 1.3-3) | |
| Review 3-1 (pg. 1.3-4) | |
| ROE Disaggregation: DuPont Analysis (pg. 1.3-4) | |
| Return on Assets (pg. 1.3-4) | |
| Financial Leverage (FL) (pg. 1.3-5) | |
| Review 3-2 (pg. 1.3-6) | |
| Return on Assets and Its Disaggregation (pg. 1.3-6) | |
| Analysis of Profitability and Productivity (pg. 1.3-7) | |
| Analysis of Profitability (pg. 1.3-8) | |
| Analysis of Productivity (pg. 1.3-9) | |
| Analysis of Financial Leverage (pg. 1.3-12) | |
| Review 3-3 (pg. 1.3-14) | |
| Balance Sheet Analysis with an Operating Focus (pg. 1.3-15) | |
| Return on Net Operating Assets (RNOA) (pg. 1.3-15) | |
| Net Operating Assets (NOA) (pg. 1.3-16) | |
| Net Nonoperating Obligations (NNO) (pg. 1.3-17) | |
| Income Statement Analysis with an Operating Focus (pg. 1.3-19) | |
| Review 3-4 (pg. 1.3-19) | |
| Operating Line Items on the Income Statement (pg. 1.3-20) | |
| Nonoperating Line Items on the Income Statement (pg. 1.3-20) | |
| Net Nonoperating Expense (NNE) (pg. 1.3-23) | |
| Review 3-5 (pg. 1.3-23) | |
| Return on Net Operating Assets (RNOA) (pg. 1.3-24) | |
| RNOA Disaggregation into Margin and Turnover (pg. 1.3-26) | |
| Review 3-6 (pg. 1.3-26) | |
| Net Operating Profit Margin (pg. 1.3-27) | |
| Net Operating Asset Turnover (pg. 1.3-27) | |
| Trade-Off between Margin and Turnover (pg. 1.3-28) | |
| Review 3-7 (pg. 1.3-30) | |
| Analyzing Global Reports (pg. 1.3-30) | |
| Appendix 3A: Operating versus Nonoperating Classification (pg. 1.3-31) | |
| Appendix 3B: Nonoperating Return Component of ROE (pg. 1.3-32) | |
| Nonoperating Return (pg. 1.3-32) | |
| Nonoperating Return- With Substantial Net Nonoperating Assets: Amazon (pg. 1.3-34) | |
| Nonoperating Return- With Noncontrolling Interest: AT&T (pg. 1.3-35) | |
| Review 3-8 (pg. 1.3-36) | |
| Appendix 3C: Vertical and Horizontal Analysis (pg. 1.3-36) | |
| Limitations of Ratio Analysis (pg. 1.3-37) | |
| Review 3-9 (pg. 1.3-39) | |
| Guidance Answer (pg. 1.3-40) | |
| Questions (pg. 1.3-40) | |
| Mini Exercises (pg. 1.3-40) | |
| Exercises (pg. 1.3-44) | |
| Problems (pg. 1.3-49) | |
| IFRS Application (pg. 1.3-56) | |
| Analysis Discussion Points (pg. 1.3-56) | |
| Ongoing Analysis Project (pg. 1.3-57) | |
| Solutions to Reviews (pg. 1.3-58) | |
| Module 4 Credit Risk Analysis and Interpretation (pg. 1.4-1) | |
| Market for Credit (pg. 1.4-3) | |
| Demand for Credit (pg. 1.4-3) | |
| Supply of Credit (pg. 1.4-4) | |
| Review 4-1 (pg. 1.4-7) | |
| Credit Risk Analysis Process (pg. 1.4-8) | |
| Information for Credit Risk Analysis (pg. 1.4-8) | |
| Chance of Default (pg. 1.4-9) | |
| Loss Given Default (pg. 1.4-11) | |
| Review 4-2 (pg. 1.4-13) | |
| Measuring Credit Risk (pg. 1.4-13) | |
| Adjusting Financial Information (pg. 1.4-14) | |
| Profitability Analysis (pg. 1.4-15) | |
| Coverage Analysis (pg. 1.4-17) | |
| Liquidity Analysis (pg. 1.4-20) | |
| Solvency Analysis (pg. 1.4-21) | |
| Review 4-3 (pg. 1.4-24) | |
| Credit Ratings (pg. 1.4-25) | |
| Importance of Credit Ratings (pg. 1.4-27) | |
| How Credit Ratings Are Determined (pg. 1.4-28) | |
| Review 4-4 (pg. 1.4-33) | |
| Predicting Bankruptcy Risk (pg. 1.4-33) | |
| Altman Z-Score (pg. 1.4-33) | |
| Application of Z-Score (pg. 1.4-34) | |
| Bankruptcy Prediction Errors (pg. 1.4-34) | |
| Review 4-5 (pg. 1.4-35) | |
| Guidance Answers (pg. 1.4-35) | |
| Questions (pg. 1.4-35) | |
| Mini Exercises (pg. 1.4-36) | |
| Exercises (pg. 1.4-38) | |
| Problems (pg. 1.4-41) | |
| IFRS Applications (pg. 1.4-46) | |
| Analysis Discussion Point (pg. 1.4-49) | |
| Ongoing Analysis Project (pg. 1.4-49) | |
| Solutions to Reviews (pg. 1.4-50) | |
| Module 9 Intercorporate Investments (pg. 1.9-1) | |
| Analyzing Intercorporate Investments (pg. 1.9-3) | |
| Passive Investments in Equity Securities (pg. 1.9-4) | |
| Investments in Debt Securities (pg. 1.9-8) | |
| Analyzing Equity Investments with Significant Influence (pg. 1.9-12) | |
| Investments with Significant Influence (pg. 1.9-12) | |
| Equity Method Accounting and ROE Effects (pg. 1.9-14) | |
| Review 9-2 (pg. 1.9-19) | |
| Analyzing Equity Investments with Control (pg. 1.9-19) | |
| Investments with Control (pg. 1.9-19) | |
| Review 9-3 (pg. 1.9-30) | |
| Analyzing Global Reports (pg. 1.9-31) | |
| Appendix 9A: Analyzing Derivatives (pg. 1.9-32) | |
| Analysis of Derivatives (pg. 1.9-34) | |
| Review 9-4 (pg. 1.9-34) | |
| Appendix 9B: Analyzing Equity Carve-Outs (pg. 1.9-35) | |
| Analysis of Equity Carve-Outs (pg. 1.9-39) | |
| Guidance Answer (pg. 1.9-40) | |
| Questions (pg. 1.9-40) | |
| Mini Exercises (pg. 1.9-40) | |
| Exercises (pg. 1.9-44) | |
| Problems (pg. 1.9-54) | |
| IFRS Applications (pg. 1.9-57) | |
| Analysis Discussion Point (pg. 1.9-58) | |
| Ongoing Analysis Project (pg. 1.9-59) | |
| Solutions to Reviews (pg. 1.9-60) | |
| Module 10 Analyzing Leases, Pensions, and Taxes (pg. 1.10-1) | |
| Analyzing Leases (pg. 1.10-3) | |
| New Lease Reporting Standard (pg. 1.10-3) | |
| Lessee Reporting Example-Microsoft Corporation (pg. 1.10-4) | |
| Lease Accounting (pg. 1.10-6) | |
| Summary of Lease Accounting and Reporting (pg. 1.10-10) | |
| Analysis Issues Relating to Leases (pg. 1.10-11) | |
| Review 10-1 (pg. 1.10-12) | |
| Analyzing Pensions (pg. 1.10-13) | |
| Defined Benefit Pension Plans on the Balance Sheet (pg. 1.10-13) | |
| Analysis Issue-Sufficiency of Plan Assets to Pay Pension Obligations (pg. 1.10-15) | |
| Defined Benefit Pension Plans on the Income Statement (pg. 1.10-16) | |
| Pension Expense Smoothing (pg. 1.10-17) | |
| Fair Value Accounting for Pensions (pg. 1.10-21) | |
| Footnote Disclosure-Key Assumptions (pg. 1.10-23) | |
| Analysis Implications (pg. 1.10-23) | |
| Other Post-Employment Benefits (OPEB) (pg. 1.10-25) | |
| Review 10-2 (pg. 1.10-26) | |
| Analyzing Income Taxes (pg. 1.10-27) | |
| Timing Differences Create Deferred Tax Assets and Liabilities (pg. 1.10-27) | |
| Disclosures for Income Taxes (pg. 1.10-31) | |
| Analysis of Income Tax Disclosures (pg. 1.10-32) | |
| Expanded Explanation of Deferred Taxes (pg. 1.10-33) | |
| Review 10-3 (pg. 1.10-37) | |
| Analyzing Global Reports (pg. 1.10-38) | |
| Appendix 10A: Lease Accounting Example- Finance and Operating Leases (pg. 1.10-39) | |
| Questions (pg. 1.10-40) | |
| Mini Exercises (pg. 1.10-40) | |
| Exercises (pg. 1.10-45) | |
| Problems (pg. 1.10-54) | |
| IFRS Applications (pg. 1.10-64) | |
| Ongoing Analysis Project (pg. 1.10-65) | |
| Solutions to Reviews (pg. 1.10-66) | |
| Module 11 Financial Statement Forecasting (pg. 1.11-1) | |
| Forecasting Process (pg. 1.11-3) | |
| Company Guidance (pg. 1.11-6) | |
| Review 11-1 (pg. 1.11-7) | |
| Forecasting the Income Statement (pg. 1.11-9) | |
| Review 11-2 (pg. 1.11-12) | |
| Forecasting the Balance Sheet (pg. 1.11-13) | |
| Review 11-3 (pg. 1.11-17) | |
| Building Forecasts from the Bottom Up (pg. 1.11-17) | |
| Segment Data (pg. 1.11-17) | |
| Review 11-4 (pg. 1.11-19) | |
| Appendix 11A: Forecasting the Statement of Cash Flows (pg. 1.11-19) | |
| Review 11-5 (pg. 1.11-21) | |
| Appendix 11B: Multiyear Forecasting with Target Cash and New Debt Financing (pg. 1.11-21) | |
| Review 11-6 (pg. 1.11-23) | |
| Appendix 11C: Parsimonious Method for Forecasting NOPAT and NOA (pg. 1.11-23) | |
| Multiyear Forecasting with Parsimonious Method (pg. 1.11-23) | |
| Review 11-7 (pg. 1.11-24) | |
| Appendix 11D: Morgan Stanley’s Forecast Report on Procter & Gamble (pg. 1.11-24) | |
| Questions (pg. 1.11-32) | |
| Mini Exercises (pg. 1.11-32) | |
| Exercises (pg. 1.11-38) | |
| Problems (pg. 1.11-45) | |
| Ongoing Analysis Project (pg. 1.11-51) | |
| Solutions to Reviews (pg. 1.11-52) | |
| Appendix B Computing and Analyzing Cash Flows (pg. 1.B-1) | |
| Framework for Statement of Cash Flows (pg. 1.B-3) | |
| Relation Among Financial Statements (pg. 1.B-3) | |
| Statement of Cash Flows Structure (pg. 1.B-4) | |
| Operating Activities Preview (pg. 1.B-7) | |
| Investing Activities Preview (pg. 1.B-8) | |
| Financing Activities Preview (pg. 1.B-8) | |
| Review B-1 (pg. 1.B-9) | |
| Cash Flow from Operating Activities (pg. 1.B-9) | |
| Steps to Compute Net Cash Flow from Operating Activities (pg. 1.B-10) | |
| Java House Case Illustration (pg. 1.B-12) | |
| Review B-2 (pg. 1.B-15) | |
| Computing Cash Flows from Investing Activities (pg. 1.B-16) | |
| Analyze Remaining Noncash Assets (pg. 1.B-16) | |
| Java House Case Illustration (pg. 1.B-16) | |
| Review B-3 (pg. 1.B-18) | |
| Cash Flows from Financing Activities (pg. 1.B-18) | |
| Analyze Remaining Liabilities and Equity (pg. 1.B-18) | |
| Java House Case Illustration (pg. 1.B-18) | |
| Review B-4 (pg. 1.B-19) | |
| Computing Cash Flows from Balance Sheet Accounts (pg. 1.B-19) | |
| Supplemental Disclosures for Indirect Method (pg. 1.B-20) | |
| Review B-5 (pg. 1.B-21) | |
| Analysis of Cash Flow Information (pg. 1.B-21) | |
| Cash Flow Components (pg. 1.B-21) | |
| Cash Flow Patterns (pg. 1.B-23) | |
| Usefulness of the Statement of Cash Flows (pg. 1.B-25) | |
| Review B-6 (pg. 1.B-27) | |
| Ratio Analyses of Cash Flows (pg. 1.B-27) | |
| Free Cash Flow (pg. 1.B-28) | |
| Review B-7 (pg. 1.B-29) | |
| Appendix BB: Direct Method Reporting for Statement of Cash Flows (pg. 1.B-29) | |
| Cash Flows from Operating Activities (pg. 1.B-29) | |
| Converting Revenues and Expenses to Cash Flows (pg. 1.B-29) | |
| Java House Case Illustration (pg. 1.B-30) | |
| Convert Sales to Cash Received from Customers (pg. 1.B-30) | |
| Convert Cost of Goods Sold to Cash Paid for Merchandise Purchased (pg. 1.B-30) | |
| Convert Wages Expense to Cash Paid to Employees (pg. 1.B-31) | |
| Convert Insurance Expense to Cash Paid for Insurance (pg. 1.B-31) | |
| Eliminate Depreciation Expense and Other Noncash Operating Expenses (pg. 1.B-31) | |
| Convert Income Tax Expense to Cash Paid for Income Taxes (pg. 1.B-31) | |
| Omit Gains and Losses Related to Investing and Financing Activities (pg. 1.B-31) | |
| Cash Flows from Investing and Financing (pg. 1.B-32) | |
| Supplemental Disclosures (pg. 1.B-32) | |
| Review B-8 (pg. 1.B-32) | |
| Guidance Answer (pg. 1.B-32) | |
| Questions (pg. 1.B-33) | |
| Mini Exercises (pg. 1.B-34) | |
| Exercises (pg. 1.B-37) | |
| Problems (pg. 1.B-42) | |
| IFRS Application (pg. 1.B-55) | |
| Solutions to Reviews (pg. 1.B-56) | |
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 Statement Analysis & Valuation, 6e (Easton, McAnally, Sommers) | |
|---|---|
|
Errata Last Updated: Oct 30 2023 |
Corrections to identified errors in the first printing of the text. |
|
Appendix C Last Updated: Jul 13 2020 |
Appendix C: Comprehensive Case / Harley-Davidson |
|
Excel Templates - Students Last Updated: Jul 12 2022 |
Excel templates for use with Module Reviews. |
|
Self Study Quizzes Last Updated: Jul 24 2023 |
Brief practice quizzes containing multiple choice questions for each module. Solutions included. |
