Annual Reports 101

What the Numbers and the Fine Print Can Reveal About the True Health of a Company

Michael C. Thomsett

256 pages, parution le 01/09/2006

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Résumé

Annual reports often hide more than they seem to show. But if you know what to look for, there's a treasure trove of information.

An annual report is a powerful and revealing document about a company's financial standing. If you know what you're looking for, it can give you substantial insight about where the company may be headed in the future. But to the untrained eye, the annual report may seem like walls of accounting technicalities provided to fill up space between the glossy photos and the upbeat "Message from the CEO."

Annual Reports 101 gets past the PR machine to show the meaning behind the spin. This ultra-practical guide shows you how to thoroughly translate and read "between the lines" of the balance sheet, income statement, cash flow report, and the accompanying text. The book helps you get a true sense of the "big picture" behind the company, allowing you to move beyond the numbers themselves and the fluffy, PR-driven copy. Before you know it, you'll have the tools to spot red flags, decipher footnotes, and see past common practices that, while legal, may not give the most accurate picture.

With all the recent high-profile accounting scandals that have rocked the business world, companies are being careful about complying with the law. But that doesn't mean they are making it any easier for you to understand what they're reporting. With Annual Reports 101, you'll have the key to a treasure trove of company information-and a clear path through the hype.

L'auteur - Michael C. Thomsett

Michael C. Thomsett is a financial writer who has written more than sixty books on investing, real estate, business, and management topics. He is the author of several Wiley books including the successful Getting Started in Options, now in its sixth edition. Thomsett has written extensively on quality control and quality assurance topics, and has had over 500 articles published in business, trade, and professional journals. Prior to his writing career, Thomsett was a professional accountant and systems consultant.

Sommaire

Introduction Transparency: Fact or Fiction?
The Accounting Dilemma: The Gap in GAAP
The Basic Financial Statements: What Your Mama Didn't Tell You About the Balance Sheet
Essential Ratios: Rolling Up Your Numerical Sleeves
What Statements Do Not Reveal: Dirty Little Accounting Secrets
Footnotes, Part One: An Overview of the Real Disclosures
Footnotes, Part Two: Red Flags You Can Find on Your Own
Structure of the Annual Report: A Public Relations Document
The Auditing Role: Accounting Culture and the Audit Mentality
How the Numbers Are Manipulated: Accounting Shell Games
Sources of Free Information: You Don't Need to Pay for Help
Modifying Your Game Plan: A New Form of Portfolio Management

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Caractéristiques techniques

	PAPIER
Éditeur(s)	Amacom
Auteur(s)	Michael C. Thomsett
Parution	01/09/2006
Nb. de pages	256
Format	15,5 x 23
Couverture	Broché
Poids	400g
Intérieur	Noir et Blanc
EAN13	9780814473672
ISBN13	978-0-8144-7367-2