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eBook - ePub
Crash Course in Accounting and Financial Statement Analysis
About this book
Seamlessly bridging academic accounting with real-life applications, Crash Course in Accounting and Financial Statement Analysis, Second Edition is the perfect guide to a complete understanding of accounting and financial statement analysis for those with no prior accounting background and those who seek a refresher.
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Yes, you can access Crash Course in Accounting and Financial Statement Analysis by Matan Feldman,Arkady Libman in PDF and/or ePUB format, as well as other popular books in Business & Accounting. We have over one million books available in our catalogue for you to explore.
Information
CHAPTER 1
Introduction to Accounting
What Is Accounting?
Accounting is the language of business. It is a standard set of rules for measuring a firmâs financial performance. Assessing a companyâs financial performance is important for many groups, including:
- The firmâs officers (managers and employees)
- Investors (current and potential shareholders)
- Lenders (banks)
- General public
Standard financial statements serve as a yardstick of communicating financial performance to the general public.
For example, monthly sales volumes released by McDonaldâs Corp. provide both its managers and the general public with an opportunity to assess the companyâs financial performance across major geographic segments.
Why Is Accounting Important?
Making Corporate Decisions
Suppose a telecom company is looking to acquire a regional company to boost its presence in that region. There are several potential targets that fit the bill. How does this company determine which of these targets, if any, would make a good acquisition candidate?
Making Investment Decisions
A mutual fund is looking to invest in several diverse technology companiesâMicrosoft, Oracle, and Intel. How does this mutual fund determine in which of these targets it should make an investment?
Accounting Facilitates Corporate and Investment Decisions
A major part of corporate and investment decisions relies on analyzing all of the companiesâ financial information in the above-mentioned cases. Accounting, the standard language by which such financial information can be assessed and compared, is fundamental to making these decisions.
Who Uses Accounting?
Accounting is used by a variety of organizations, from the federal government to nonprofit organizations to small businesses to corporations (Exhibit 1.1). We will be discussing accounting rules as they pertain to publicly traded companies.
U.S. Accounting Regulations
Accounting attempts to standardize fin...
Table of contents
- Cover
- Table of Contents
- Title
- Copyright
- About the Authors
- Preface
- CHAPTER 1: Introduction to Accounting
- CHAPTER 2: Basic Accounting Principles
- CHAPTER 3: Financial Reporting
- CHAPTER 4: Reading the Annual Report
- CHAPTER 5: Income Statement
- CHAPTER 6: Balance Sheet
- CHAPTER 7: Cash Flow Statement
- CHAPTER 8: Financial Ratio Analysis
- Appendix
- Index
- End User License Agreement