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Financial Statement Analysis Curriculum designed for use with the Iowa Electronic Markets by Cynthia J. Brown Marilyn M. Dutton Thomas A. Rietz
Financial Statement Analysis:  Lecture Outline ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Stock Price Risk of Cashflows Timing of Cashflows Expected Cashflows Stock Price Market Conditions NPV MVA EVA
Financial Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object]
Financial Statements ,[object Object],[object Object],[object Object],[object Object]
Sources of Data ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Main Idea ,[object Object],[object Object],[object Object],[object Object],[object Object]
Review:  Major Balance Sheet Items ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
An Example:  Dell  Abbreviated Balance Sheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Review:  Major Income Statement Items ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
An Example:  Dell Abbreviated Income Statement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Objectives of Ratio Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Rationale Behind Ratio Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Ratios ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],Liquidity Ratio Examples:  Dell
Ratio Comparison:  Current Ratio
[object Object],Leverage Ratio Examples: Dell
Ratio Comparison:  Debt Ratio
[object Object],[object Object],Profitability Ratio Examples: Dell
Profitability Ratio Examples: Dell ,[object Object],[object Object]
Ratio Comparison:  ROE
Ratio Comparison:  ROA
Ratio Comparison:  Profit Margin
[object Object],[object Object],Activity (Turnover) Ratio Examples:  Dell
Ratio Comparison:  Asset Turnover
The DuPont System ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The DuPont System
The DuPont System
The DuPont System
The DuPont System
The DuPont System:  Dell
A Note on Sustainable Growth and Stock Returns ,[object Object],[object Object],[object Object],[object Object],[object Object]
Example:  Predicted Sustainable Growth for Dell ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Summary of Financial Ratios ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Limitations of Ratio Analysis ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Ratios and Forecasting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How Might Ratios Help Me on the IEM? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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Finstatement

Notas del editor

  1. As a general note, it is easy to get lost by focusing on the calculation of ratios. The students probably need more help in interpretation of ratios. Instruction should include both help with calculations and guidance in interpretation.