Descripciones mejoradas de Syndetics:

A compact guide to evaluating financial statements and uncovering the realities behind the numbers. This edition has been updated with new information and examples which reflect today's financial actualities.

Tabla de contenidos provista por Syndetics

• Part 1 Reading between the Lines(p. 1)
• 1 The Adversarial Nature of Financial Reporting(p. 3)
• Minimizing Cost of Capital(p. 6)
• Maximizing Growth Expectations(p. 8)
• Downpaying Contingencies(p. 14)
• The Importance of Being Skeptical(p. 17)
• Conclusion(p. 21)
• Part 2 The Basic Financial Statements(p. 23)
• 2 The Balance Sheet(p. 25)
• The Value Problem(p. 25)
• External Indicators of Value(p. 29)
• The Common Form Balance Sheet(p. 41)
• What Is Equity?(p. 50)
• Escaping the Goodwill Trap(p. 55)
• Undisclosed Hazards(p. 59)
• Conclusion(p. 60)
• 3 The Income Statement(p. 61)
• How Real Are the Numbers?(p. 61)
• Not All Sales Are Final(p. 65)
• Making the Most of Depreciation and Amortization(p. 81)
• Extraordinary and Nonrecurring Items(p. 84)
• Making the Numbers Talk(p. 88)
• Conclusion(p. 92)
• 4 The Statement of Cash Flows(p. 94)
• The Cash Flow Statement and the LBO(p. 96)
• Analytical Applications(p. 102)
• Cash Flow and the Company Life Cycle(p. 103)
• The Concept of Financial Flexibility(p. 111)
• Conclusion(p. 118)
• Part 3 Forecasts, Analysis, and Special Cases(p. 119)
• 5 Forecasting Financial Statements(p. 121)
• A Typical One-Year Projection(p. 122)
• Sensitivity Analysis with Projected Financial Statements(p. 134)
• Projecting Financial Flexibility(p. 140)
• Pro Forma Financial Statements(p. 142)
• Multiyear Projections(p. 152)
• Conclusion(p. 156)
• 6 Credit Analysis(p. 158)
• Balance-Sheet Ratios(p. 159)
• Income-Statement Ratios(p. 168)
• Statement of Cash Flows Ratios(p. 173)
• Combination Ratios(p. 175)
• Relating Ratios to Credit Risk(p. 182)
• Conclusion(p. 196)
• 7 Equity Analysis(p. 198)
• The Dividend-Discount Model(p. 199)
• The Price-Earnings Ratio(p. 205)
• The Du Pont Formula(p. 215)
• Valuation via Restructuring Potential(p. 217)
• Conclusion(p. 223)
• 8 Special Categories of Issuers(p. 224)
• Electric Utilities(p. 231)
• Commercial Banks(p. 242)
• Insurance Companies(p. 250)
• Municipalities(p. 258)
• Conclusion(p. 270)
• Glossary(p. 271)
• Bibliography(p. 283)
• Index(p. 287)

Notas de autor provistas por Syndetics

Martin Fridson is Managing Director at Merrill Lynch & Company and a member of Institutional Investor's All-America Fixed Income Research Team
Fernando Alvarez is Clinical Associate Professor in the Berkley Center for Entrepreneurial Studies at the Stern School of Business at NYU.