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Lecture Financial accounting (9th Edition): Chapter 14 - Weygandt, Kieso, Kimmel

Chapter 14 - Financial statement analysis. The following will be discussed in this chapter: Apply horizontal and vertical analysis to financial statements, analyze a company’s performance using ratio analysis, apply the concept of sustainable income. | Preview of Chapter 1 Financial Accounting Ninth Edition Weygandt Kimmel Kieso Preview of Chapter 14 Financial Accounting Ninth Edition Weygandt Kimmel Kieso 14 Financial Statement Analysis Learning Objectives After studying this chapter, you should be able to: [1] Discuss the need for comparative analysis. [2] Identify the tools of financial statement analysis. [3] Explain and apply horizontal analysis. [4] Describe and apply vertical analysis. [5] Identify and compute ratios used in analyzing a firm’s liquidity, profitability, and solvency. [6] Understand the concept of earning power, and how irregular items are presented. [7] Understand the concept of quality of earnings. Analyzing financial statements involves: Characteristics Comparison Bases Tools of Analysis Liquidity Profitability Solvency Intracompany Industry averages Intercompany Horizontal Vertical Ratio Basics of Financial Statement Analysis LO 1 & LO 2 14 Financial Statement Analysis Learning Objectives After studying this chapter, you should be able to: [1] Discuss the need for comparative analysis. [2] Identify the tools of financial statement analysis. [3] Explain and apply horizontal analysis. [4] Describe and apply vertical analysis. [5] Identify and compute ratios used in analyzing a firm’s liquidity, profitability, and solvency. [6] Understand the concept of earning power, and how irregular items are presented. [7] Understand the concept of quality of earnings. Horizontal Analysis Horizontal analysis, also called trend analysis, is a technique for evaluating a series of financial statement data over a period of time. Purpose is to determine the increase or decrease. Commonly applied to the balance sheet, income statement, and statement of retained earnings. LO 3 Changes suggest that the company expanded its asset base during 2011 and financed this expansion primarily by retaining income rather than assuming additional long-term debt. Illustration 14-5 Horizontal analysis of balance sheets . | Preview of Chapter 1 Financial Accounting Ninth Edition Weygandt Kimmel Kieso Preview of Chapter 14 Financial Accounting Ninth Edition Weygandt Kimmel Kieso 14 Financial Statement Analysis Learning Objectives After studying this chapter, you should be able to: [1] Discuss the need for comparative analysis. [2] Identify the tools of financial statement analysis. [3] Explain and apply horizontal analysis. [4] Describe and apply vertical analysis. [5] Identify and compute ratios used in analyzing a firm’s liquidity, profitability, and solvency. [6] Understand the concept of earning power, and how irregular items are presented. [7] Understand the concept of quality of earnings. Analyzing financial statements involves: Characteristics Comparison Bases Tools of Analysis Liquidity Profitability Solvency Intracompany Industry averages Intercompany Horizontal Vertical Ratio Basics of Financial Statement Analysis LO 1 & LO 2 14 Financial Statement Analysis Learning Objectives After studying .