TAILIEUCHUNG - Lecture International financial statement analysis: Chapter 12 - CFA Institute

This chapter evaluate a company’s past financial performance and explain how a company’s strategy is reflected in past financial performance, forecast a company’s future net income and cash flow, describe the role of financial statement analysis in assessing the credit quality of a potential debt investment, describe the use of financial statement analysis in screening for potential equity investments, explain appropriate analyst adjustments to a company’s financial statements to facilitate comparison with another company. | Chapter 12 Financial Statement Analysis: Applications Presenter’s name Presenter’s title dd Month yyyy LEARNING OUTCOMES Evaluate a company’s past financial performance and explain how a company’s strategy is reflected in past financial performance. Forecast a company’s future net income and cash flow. Describe the role of financial statement analysis in assessing the credit quality of a potential debt investment. Describe the use of financial statement analysis in screening for potential equity investments. Explain appropriate analyst adjustments to a company’s financial statements to facilitate comparison with another company. 1 evaluation of a company’s past performance Copyright © 2013 CFA Institute 2 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 LOS. Evaluate a company’s past financial performance and explain how a company’s strategy is reflected in past financial performance. An evaluation of a company’s past performance addresses not only what happened (., how the company performed) but also why it happened—the causes behind the performance and how the performance reflects the company’s strategy. Evaluative judgments assess whether the performance is better or worse than a relevant benchmark, such as the company’s own historical performance, a competitor’s performance, or market expectations. Some key analytical questions include the following: How and why have corporate measures of profitability, efficiency, liquidity, and solvency changed over the periods being analyzed? How do the level and trend in a company’s profitability, efficiency, liquidity, and solvency compare with the corresponding results of other companies in the same industry? What factors explain any differences? What aspects of performance are critical for a company to successfully compete in its industry, and how did the company perform relative to those critical performance aspects? What are the company’s business model and strategy, and how did they influence .

• Tài chính doanh nghiệp
• International financial statement
• Financial statement
• International financial statement analysis
• Financial statement analysis
• Financial reporting
• Credit quality
• Financial reporting mechanics
• Financial analysis techniques
• Financial reporting quality
• Financial decisions
• Supplementary information
• Income statements
• Balance sheets
• Cash flow statements
• Inventory valuation methods
• Long lived assets
• Noncurrent liabilities
• Income taxes
• Postemployment benefit plans
• Intercorporate investments
• Multinational operations
• Evaluating quality
• International trade transactions
• Financial management
• Fundamentals of financial management
• International financial management
• Financial accounting
• International financial reporting standards
• Financial reporting standards
• Stockholders’ equity
• Financial statement auditing
• Audit planning
• Internal control
• Auditing business processes
• Financial statement audit
• Financial environments
• Accounting standards
• Stock exchange
• Joint stock companies
• Vietnam’s accounting standards
• Some fundamentals
• International differences
• Financial statements
• Financial reporting issues