Titlebook: Understanding the Financial Score; Henry E. Riggs Book 2007 Springer Nature Switzerland AG 2007

infatuation

The Income Statement,al position. Another company might achieve handsome profits and growing sales revenue—that is, strong income statement performance—and at the same time be in weak financial condition as reported on its balance sheet.

packet

Cash Flow,xpenses. We quickly concluded that we needed to use accrual accounting to do the proper job of matching—matching cost of goods sold to sales, and matching revenues and expenses to the relevant accounting period—and thus to arrive at a proper valuation of net income, assets, and liabilities.

初次登臺(tái)

神秘

Budgeting and Forecasting,10 years. Recall the discussion of trends in financial ratios in Chapter 7. And recall from Chapter 8 that determining an overhead rate requires both a budget of the overhead cost elements for the coming period and a forecast of business activity—building products or performing services—for that period.

AMITY

雪崩

Understanding the Financial Score978-3-031-02571-6Series ISSN 1933-978X Series E-ISSN 1933-9798

暗諷

AVANT

Cost Accounting,You can think of . as a continuation of the discussion of valuation in Chapter 3. Our objective now is to value discrete activities within the organization, for example,

背心

Rules and Integrity,The past decade has witnessed unprecedented financial misbehavior on the part of financial officers, chief executives, and auditors. Therefore, this final chapter in a book dedicated to helping you better understand financial statements appropriately addresses the issues of institutional integrity and financial veracity.

Verify

The Balance Sheet,ey are the primary products of the accounting system. In a sense the balance sheet is the more “fundamental” of the two because, as we shall see, it would be possible, though quite undesirable, to operate an accounting system with solely a balance sheet.