Cases in Financial Reporting : An Integrated Approach with an Emphasis on Earnings and Persistence /
D. Eric Hirst, Mary Lea McAnally.
- 4th ed.
- Upper Saddle River, N.J. : Prentice Hall, c2005.
- 1 v in various pagings ; 28 cm.
BECOMING FAMILIAR WITH FINANCIAL REPORTING: BASICS, TOOLS, AND THE PERSISTENCE OF EARNINGS. 1. Basics-Interpretation and Preparation of Financial Statements. ASICS Corporation-Understanding Financial Statements. Nike-Basic Ratio Analysis. Yokohama Rubber and Goodyear Tire-Comparing Ratios. Fuji Photo Film and Eastman Kodak-Inferring Transactions. Club Mediterranee S.A.-International GAAP. Food Lion, Inc.-Preparation of Financial Statements. Taiwan Semiconductor Manufacturing Company-Transactions and Periodic Adjustments. Abercrombie and Fitch Co.-Transactions and Financial Statements. 2. Tools-Discounted Cash Flow. Maya, Inc.-Return on Investment. Hydron Technologies Corporation-Lease or Buy. Pharmacia Corporation-Persistence of Earnings. 3. Tools-Cash Basis versus Accrual Basis Reporting. Frederick's of Hollywood-Statement of Cash Flows. Weis Markets, Inc.-Statement of Cash Flows. Mayor's Jewelers Inc.-Statement of Cash Flow. II. EVALUATING FINANCIAL REPORTING DISCLOSURES: BALANCE SHEET COMPONENTS AND ISSUES IN THE QUALITY OF EARNINGS. 4. Assets. Lucent Technologies, Inc.-Revenue Recognition. Alcatel-Accounts Receivable. Whole Foods Market, Inc.-Inventory. Callaway Golf Company- Manufacturing Inventory. Frederick's of Hollywood-Property and Equipment. WorldCom Inc.-Capitalizing Costs and Earnings Quality. Merck & Co., Inc.-Research and Development. eBay Inc.-Acquired Intangible Assets. America Online, Inc.-Deferred Costs. 5. Liabilities. BASF-Contingencies and Provisions. Maytag Corporation-Warranties and Deferred Taxes. Bally Entertainment Corporation-Long-Term Debt. The Home Depot-Long-Term Debt. AMR Corporation-Leases. The Robert Mondavi Corporation-Deferred Taxes. Bethlehem Steel Corporation-Retirement Obligations. 6. Owners' Equity. The Dow Chemical Company-Treasury Stock. Xilinx Inc.-Employee Stock Options. 7. Intercorporate Investments. Wachovia Corporation-Marketable Securities. BCE Inc.-Investments in Other Companies.
For intermediate and financial accounting courses at the MBA and undergraduate level, or a supplement to financial statement analysis texts. This collection of financial accounting cases is designed to help students become financial statement users. Each case utilizes financial statement information (balance sheet, income statement, statement of cash flow and/or footnotes) and a number of topical questions. Students use the financial statement information to infer and interpret the economic events underlying the numbers. Related articles taken from business publications accompany some cases, and information from the articles is incorporated into the case question material. Also available the Pearson Custom Case Program.