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Reading Between the Lines of Corporate Financial Reports = In Search of Financial Misstatements /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Reading Between the Lines of Corporate Financial Reports/ by Jacek Welc.
Reminder of title:	In Search of Financial Misstatements /
Author:	Welc, Jacek.
Description:	XL, 431 p. 279 illus., 3 illus. in color.online resource. :
Contained By:	Springer Nature eBook
Subject:	Business enterprises—Finance. -
Online resource:	https://doi.org/10.1007/978-3-030-61041-8
ISBN:	9783030610418

Reading Between the Lines of Corporate Financial Reports = In Search of Financial Misstatements /
Welc, Jacek.

Reading Between the Lines of Corporate Financial ReportsIn Search of Financial Misstatements /[electronic resource] :by Jacek Welc. - 1st ed. 2020. - XL, 431 p. 279 illus., 3 illus. in color.online resource.

Chapter 1. Most common distortions in a financial statement analysis caused by objective weaknesses of accounting and analytical methods -- Chapter 2. Other “noise” in a financial statement analysis caused by objective weaknesses of accounting and analytical methods -- Chapter 3. Deliberate accounting manipulations: introduction and revenue-oriented accounting gimmicks -- Chapter 4. Deliberate accounting manipulations: expense-oriented accounting gimmicks and intentional profit understatements -- Chapter 5. Evaluation of financial statement reliability and comparability based on Auditor’s opinion, narrative disclosures and cash flow data -- Chapter 6. Problems of comparability and reliability of reported cash flows -- Chapter 7. Evaluation of financial statement reliability and comparability based on quantitative tools other than cash flows: primary warning signals -- Chapter 8. Evaluation of financial statement reliability and comparability based on quantitative tools other than cash flows: additional warning signals -- Chapter 9. Techniques of increasing comparability and reliability of reported accounting numbers: selected simple tools -- Chapter 10. Techniques of increasing comparability and reliability of reported accounting numbers: some more advanced tools.

This book provides a digestible step-by-step guide to reading corporate financial reports, drawing upon real-life case studies and examples of corporate collapses and accounting scandals, and applying practical tools to financial statement analysis. Appealing to a range of practitioners within corporate finance including investors, managers, and business analysts, this book is the first to specifically address the challenges facing those who are not professional accountants and auditors when examining corporate financial reports. Corporate financial reports are used widely by managers, investors, creditors, and government agencies to examine company performance and evaluate potential risks. However, although seemingly an invaluable source of information for managerial decision-making, financial reports are often based on rough simplifications of a very complex reality. With no way of avoiding deliberate manipulations and fraudulent activity, these statements cannot be relied on completely when selecting stocks or evaluating credit risk, and therefore poor analysis can lead to potentially disastrous investment decisions. The author suggests that in order to effectively interpret corporate financial reports, we must 'read between the lines' to accurately assess a company's economic performance and predict its long-term viability.

ISBN: 9783030610418

Standard No.: 10.1007/978-3-030-61041-8doiSubjects--Topical Terms:

1253877
Business enterprises—Finance.

LC Class. No.: HG4001-4285

Dewey Class. No.: 658.15

Reading Between the Lines of Corporate Financial Reports = In Search of Financial Misstatements /
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520 $a This book provides a digestible step-by-step guide to reading corporate financial reports, drawing upon real-life case studies and examples of corporate collapses and accounting scandals, and applying practical tools to financial statement analysis. Appealing to a range of practitioners within corporate finance including investors, managers, and business analysts, this book is the first to specifically address the challenges facing those who are not professional accountants and auditors when examining corporate financial reports. Corporate financial reports are used widely by managers, investors, creditors, and government agencies to examine company performance and evaluate potential risks. However, although seemingly an invaluable source of information for managerial decision-making, financial reports are often based on rough simplifications of a very complex reality. With no way of avoiding deliberate manipulations and fraudulent activity, these statements cannot be relied on completely when selecting stocks or evaluating credit risk, and therefore poor analysis can lead to potentially disastrous investment decisions. The author suggests that in order to effectively interpret corporate financial reports, we must 'read between the lines' to accurately assess a company's economic performance and predict its long-term viability.
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