Financial Statement Analysis Workbook A Practitioner's Guide

The helpful workbook to help practice assessing financial statements

Financial statement analysis is essential as part of any well-organized financial portfolio. As a companion piece, Financial Statement Analysis Workbook: A Practitioner's Guide allows readers the opportunity to test and hone the skills put forward in Martin Fridson and Fernando Alvarez's Financial Statement Analysis, a resource devoted to providing the analytical framework necessary to make sense of the sometimes misleading numbers put forth by companies. Scrutinizing financial statements allows one to, for example, evaluate a company’s stock price or determine merger or acquisition valuations.

The Financial Statement Analysis Workbook, then, provides a pathway to become familiar with these methodologies in order to be prepared to use them in real-world scenarios. With the skills provided within, you can begin to undertake goal-oriented preparation for the practical challenges of contemporary business, and feel confident in your financial decision-making. This is aided by:

• Question-and-answer sections within this Workbook correspond to each chapter of Financial Statement Analysis
• Financial statement and computational exercises designed to require analysis and synthesis of concepts covered in the core text
• A full list of answers in the second half of the book that help explain pitfalls within the questions

An essential tool for professional analysts, investors, and students, Financial Statement Analysis Workbook offers the perfect opportunity to help turn theory into reality.

MARTIN S. FRIDSON is Chief Investment Officer at Lehmann Livian Fridson Advisors, a New York-based investment management firm founded on fundamental security analysis. He is past President of the Fixed Income Analysts Society.

FERNANDO ALVAREZ has been a faculty member at Babson College, Rutgers University School of Business, NYU-Stern, and Columbia Business School. His research interests include the interaction of strategy, financial statement analysis, valuation models, and stock market reactions to business decisions.

Preface to Fifth Edition Workbook

Acknowledgments

Part One Questions

Fill in the Blanks on Each Chapter

Financial Statement Exercises

Financial Statement Items

Common Size and Operating Strategy

Cash Flows and Life Cycle

DuPont Analysis

Computational Exercises

Arithmetic of Growth Valuations

Market Value versus Book Value of Debt

Acquisitions Driven by Sales Growth Acceleration without Profit Increase

Stock Prices and Goodwill

Projecting Interest Expense

Sensitivity Analysis in Forecasting Financial Statements

Part Two Answers

Fill in the Blanks on Each Chapter (Answers)

Financial Statement Exercises (Answers)

Financial Statement Items

Common Size and Operating Strategy

Cash Flows and Life Cycle

DuPont Analysis

Computational Exercises (Answers)

Arithmetic of Growth Valuations

Market Value versus Book Value of Debt

Acquisitions Driven by Sales Growth Acceleration without Profit Increase

Stock Prices and Goodwill

Projecting Interest Expense

Sensitivity Analysis in Forecasting Financial Statements

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