tailieunhanh - Lecture Accounting principles (8E): Chapter 18 - Coby Harmon

After completing this chapter you should be able to: Discuss the need for comparative analysis, identify the tools of financial statement analysis, explain and apply horizontal analysis, describe and apply vertical analysis,.and other contents. | CHAPTER 18 Financial Statement Analysis Accounting Principles, Eighth Edition Discuss the need for comparative analysis. Identify the tools of financial statement analysis. Explain and apply horizontal analysis. Describe and apply vertical analysis. Identify and compute ratios used in analyzing a firm’s liquidity, profitability, and solvency. Understand the concept of earning power, and how irregular items are presented. Understand the concept of quality of earnings. Study Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information) Balance sheet Income statement Retained earnings statement Basics of Financial Statement Analysis Horizontal and Vertical Analysis Ratio Analysis Earning Power and Irregular Items Quality of Earnings Need for comparative analysis Tools of analysis Liquidity Profitability Solvency Summary Discontinued operations Extraordinary items Changes in accounting principle Comprehensive income Alternative accounting methods Pro forma income Improper recognition Financial Statement Analysis Service Cost - Actuaries compute service cost as the present value of the new benefits earned by employees during the year. Future salary levels considered in calculation. Interest on Liability - Interest accrues each year on the PBO just as it does on any discounted debt. Actual Return on Plan Assets - Increase in pension funds from interest, dividends, and realized and unrealized changes in the fair market value of the plan assets. Amortization of Unrecognized Prior Service Cost - The cost of providing retroactive benefits is . | CHAPTER 18 Financial Statement Analysis Accounting Principles, Eighth Edition Discuss the need for comparative analysis. Identify the tools of financial statement analysis. Explain and apply horizontal analysis. Describe and apply vertical analysis. Identify and compute ratios used in analyzing a firm’s liquidity, profitability, and solvency. Understand the concept of earning power, and how irregular items are presented. Understand the concept of quality of earnings. Study Objectives 1. On the topic, “Challenges Facing Financial Accounting,” what did the AICPA Special Committee on Financial Reporting suggest should be included in future financial statements? Non-financial Measurements (customer satisfaction indexes, backlog information, and reject rates on goods purchases). Forward-looking Information Soft Assets (a company’s know-how, market dominance, marketing setup, well-trained employees, and brand image). Timeliness (no real time financial information) Balance sheet Income .

• Kế toán - Kiểm toán
• Lecture Accounting principles
• Accounting principles
• Financial statement analysis
• Comparative analysis
• Financial statement analysis
• Apply horizontal analysis
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting