International Financial Statement Analysis Workbook

Practice the concepts, tools, and techniques of international financial statement analysis

International Financial Statement Analysis Workbook gives busy professionals and those aspiring to a financial career a hands-on reference for understanding and applying the concepts and methodologies essential to accurate financial analysis. A companion to the International Financial Statement Analysis text, this practical workbook includes learning outcomes, chapter summaries, and problems that are designed to build skills and boost confidence before applying the concepts to real-world cases.

The workbook offers an opportunity to test your understanding of the standards and mechanics of financial reporting and makes use of the text’s tools and techniques. This informative guide—which has practical application across international borders—aids in the understanding of financial reporting standards, income statements, balance sheets, cash flow statements, inventories, long-lived assets, income taxes, and much more. International Financial Statement Analysis Workbook is designed to facilitate information retention and build a strong foundation in financial statement analysis.

It’s impossible to tell how well a subject is mastered without applying the relevant concepts to situations based in the real world. International Financial Statement Analysis Workbook offers the opportunity to:

• Work topic-specific practice problems to facilitate intuitive understanding
• Review each topic quickly using clear chapter summaries
• Understand each chapter’s objective to avoid missing key information
• Practice important methods and techniques before applying them in the real world

International Financial Statement Analysis Workbook, Fourth Edition provides the most up-to-date knowledge and helps to apply that knowledge with carefully constructed problems. 

Part I Learning Objectives, Summary Overview, and Problems 1

Chapter 1 Introduction to Financial Statement Analysis 3

Learning Outcomes 3

Summary Overview 3

Problems 5

Chapter 2 Financial Reporting Standards 9

Learning Outcomes 9

Summary Overview 9

Problems 10

Chapter 3 Understanding Income Statements 13

Learning Outcomes 13

Summary Overview 14

Problems 15

Chapter 4 Understanding Balance Sheets 21

Learning Outcomes 21

Summary Overview 21

Problems 23

Chapter 5 Understanding Cash Flow Statements 29

Learning Outcomes 29

Summary Overview 29

Problems 30

Chapter 6 Financial Analysis Techniques 37

Learning Outcomes 37

Summary Overview 37

Problems 38

Chapter 7 Inventories 45

Learning Outcomes 45

Summary Overview 45

Problems 47

Chapter 8 Long-Lived Assets 63

Learning Outcomes 63

Summary Overview 64

Problems 65

Chapter 9 Income Taxes 77

Learning Outcomes 77

Summary Overview 77

Problems 78

Chapter 10 Non-Current (Long-Term) Liabilities 83

Learning Outcomes 83

Summary Overview 83

Problems 85

Chapter 11 Financial Reporting Quality 91

Learning Outcomes 91

Summary Overview 91

Problems 93

Chapter 12 Applications of Financial Statement Analysis 97

Learning Outcomes 97

Summary Overview 97

Problems 98

Chapter 13 Intercorporate Investments 101

Learning Outcomes 101

Summary Overview 101

Problems 102

Chapter 14 Employee Compensation: Post-Employment and Share-Based 113

Learning Outcomes 113

Summary Overview 113

Problems 115

Chapter 15 Multinational Operations 125

Learning Outcomes 125

Summary Overview 125

Problems 127

Chapter 16 Analysis of Financial Institutions 139

Learning Outcomes 139

Summary Overview 139

Problems 140

Chapter 17 Evaluating Quality of Financial Reports 149

Learning Outcomes 149

Summary Overview 149

Problems 151

Chapter 18 Integration of Financial Statement Analysis Techniques 157

Learning Outcomes 157

Summary Overview 157

Problems 158

Part II Solutions 161

Chapter 1 Introduction to Financial Statement Analysis 163

Solutions 163

Chapter 2 Financial Reporting Standards 165

Solutions 165

Chapter 3 Understanding Income Statements 167

Solutions 167

Chapter 4 Understanding Balance Sheets 171

Solutions 171

Chapter 5 Understanding Cash Flow Statements 175

Solutions 175

Chapter 6 Financial Analysis Techniques 179

Solutions 179

Chapter 7 Inventories 183

Solutions 183

Chapter 8 Long-Lived Assets 191

Solutions 191

Chapter 9 Income Taxes 197

Solutions 197

Chapter 10 Non-Current (Long-Term) Liabilities 199

Solutions 199

Chapter 11 Financial Reporting Quality 207

Solutions 207

Chapter 12 Applications of Financial Statement Analysis 211

Solutions 211

Chapter 13 Intercorporate Investments 213

Solutions 213

Chapter 14 Employee Compensation: Post-Employment and Share-Based 219

Solutions 219

Chapter 15 Multinational Operations 225

Solutions 225

Chapter 16 Analysis of Financial Institutions 233

Solutions 233

Chapter 17 Evaluating Quality of Financial Reports 241

Solutions 241

Chapter 18 Integration of Financial Statement Analysis Techniques 245

Solutions 245

About the CFA Program 247

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