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Interpreting and Analyzing Financial Statements (5th Edition) (9780136121985): Karen P. Schoenebeck, Mark P. Holtzman: Books. PREFACE While this book can be used to supplement any financial accounting text, the activities have been designed to accompany Financial Accounting, 4th edition by Walter T. Harrison, Jr. and Charles T. Horngren (Prentice Hall, 2001). WHY THESE ACTIVITIES WERE DEVELOPED When I first started assigning a comprehensive financial statement analysis as a capstone project, it became evident many students didn't know where to begin. They were overwhelmed by all of the numbers and felt frustrated. As a result, this series of preliminary activities was developed to prepare students for the capstone project. Each activity concentrates on only one aspect of financial statement analysis. After completing the preliminary activities, students feel confident in their strategies and ability to successfully complete a comprehensive financial statement analysis. USING DATA FROM WELL-KNOWN CORPORATIONS These activities use financial data from companies familiar to students. The actual numbers make the class relevant and more interesting to students. Because students are already familiar with the companies, they more easily grasp the material and remember the concepts. FOCUS IS ON INTERPRETING AND ANALYZING Most amounts are provided and calculations are kept to a minimum so students can focus their time and attention on interpretation and analysis. Fifteen minutes on average is required for completion of each activity. INTERNET AND OTHER TYPES OF RESEARCH There is at least one Internet activity for each chapter. Other research activities require reading The Wall Street Journal, calling a local bank, or utilizing library resources that are available. The final chapter contains a corporate analysis that requires in-depth research of a company. These research activities inform students of the many resources available and utilize their analyzing skills. FOUR-YEAR COMPARISON Financial statements are introduced using four years of comparative information. Each line item is studied and the student develops an overall strategy to analyze the financial statement. Questions lead to increased understanding and highlight important trends. RATIO ANALYSIS Activities point out the significant role ratios have in analyzing financial statements. Students acquire a feel for the expected range and magnitude of the ratios and identify whether a high or low ratio is usually preferred. Commonly used ratios are studied. TREND ANALYSIS Trend analysis is used to evaluate both the income statement and the balance sheet. Emphasis is placed on comparing the rate of increase or decrease of various account classifications within each financial statement. COMMON-SIZE STATEMENT ANALYSIS Common-size statements are used to compare companies of different size. ETHICAL ISSUES Ethical issues are incorporated into a number of the activities. RANGE AND MAGNITUDE OF AMOUNTS Companies are carefully selected so students get a feel for the range and magnitude of expected amounts and ratios in the corporate world. REVIEW Review exercises titled Test Your Understanding are located at the end of each chapter. In addition, Chapter 6 provides a thorough review of each balance sheet account, and Chapter 7 provides a comprehensive review of all the financial statements. CLASS FORMAT These activities can be utilized as individual homework assignments, small group discussions in class, a review, or a combination of all three. Whichever approach is used, these assignments result in thorough understanding and lively classroom discussion. CORPORATE ANALYSIS The final project requires students to research, analyze, and prepare a comprehensive written report on the public corporation of their choice. To complete the project, students must obtain a copy of the corporate financial statements and utilize a variety of resources. Because the company is the student's choice, interest is high and a quality produ[6502] Designed for use with Harrison and Horngrens' Financial Accounting, 4th Edition or any financial principles accounting volume, this activity workbook helps readers analyze real company financial statement information and helps prepare readers for a capstone project creating a comprehensive financial statement analysis. Each activity concentrates on only one aspect of the analysis and uses data from well-known corporations to pique readers' interest and add relevancy. The workbook provides an introduction to interpretation and analysis, plus guidelines for analyzing the balance sheet, analyzing the income statement, analyzing the statement of cash flows, further ratio analysis, interpreting and understanding specific accounts, comprehensive review, corporate analysis.
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