TAILIEUCHUNG - Lecture International financial statement analysis: Chapter 17 - CFA Institute

Chapter 17 - Evaluating quality of financial reports. This chapter demonstrate the use of a conceptual framework for assessing the quality of a company’s financial reports, explain potential problems that affect the quality of financial reports, describe how to evaluate the quality of a company’s financial reports,. | Evaluating quality of financial reports Presenter’s name Presenter’s title dd Month yyyy Note: The Satyam example at the end of the presentation is an extended example that can be used on a standalone basis. LEARNING OUTCOMES Demonstrate the use of a conceptual framework for assessing the quality of a company’s financial reports Explain potential problems that affect the quality of financial reports Describe how to evaluate the quality of a company’s financial reports Evaluate the quality of a company’s financial reports Describe the concept of sustainable (persistent) earnings Describe indicators of earnings quality Explain mean reversion in earnings and how the accruals component of earnings affects the speed of mean reversion Evaluate the earnings quality of a company Describe indicators of cash flow quality Evaluate the cash flow quality of a company Describe indicators of balance sheet quality Evaluate the balance sheet quality of a company Describe sources of information about risk 1 Financial Reporting Quality and Earnings Quality are interrelated 2 LOS. Demonstrate the use of a conceptual framework for assessing the quality of a company’s financial reports The concepts of earnings quality and financial reporting quality are interrelated because a correct assessment of earnings quality is possible only when there is some basic level of financial reporting quality. Beyond this basic level, as the quality of reporting increases, the ability of financial statement users to correctly assess earnings quality and to develop expectations for future performance arguably also increases. Low Financial Reporting Quality: When financial reporting quality is low, earnings quality cannot be assessed. For example, consider erroneous financial statements. If the information presented is materially incorrect, it would be useless in assessing whether the company performed well or poorly. High Financial Reporting Quality: When financial reporting quality is high, it is .

• Tài chính doanh nghiệp
• International financial statement
• Financial statement
• International financial statement analysis
• Financial statement analysis
• Financial reporting
• Evaluating 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
• Credit quality
• Income taxes
• Postemployment benefit plans
• Intercorporate investments
• Multinational operations
• 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