Solution Manual for Financial Reporting,

Financial Statement Analysis and Valuation,

8th Edition

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Description:
FINANCIAL REPORTING, FINANCIAL STATEMENT ANALYSIS,
AND VALUATION, 8E is written with the premise that students can
learn financial statement analysis most effectively by performing
the analysis on real-world companies.
Wahlen/Baginski/Bradshaw's textbook will teach students how to
integrate the concepts from economics, finance, business
strategy, accounting, and other business disciplines through a
unique six-step process. New to this edition, chapters now include
quick checks after each section so that students can be sure that
they have obtained the key insights after reading each section.

1. Title
2. Statement
3. Copyright
4. Dedication
5. Preface
6. About the Authors
7. Brief Contents
8. Contents
9. Ch 1: Overview of Financial Reporting, Financial Statement Analysis, and Valuation
10. Ch 1: Learning Objectives
11. Ch 1: Chapter Overview
12. Overview of Financial Statement Analysis
13. Step 1: Identify the Industry Economic Characteristics
14. Step 2: Identify the Company Strategies
15. Step 3: Assess the Quality of the Financial Statements
16. Step 4: Analyze Profitability and Risk
17. Step 5: Prepare Forecasted Financial Statements and Step 6: Value the Firm
18. Role of Financial Statement Analysis in an Efficient Capital Market
19. Sources of Financial Statement Information
20. Ch 1: Summary
21. Ch 1: Questions, Exercises, Problems, and Cases
22. Integrative Case 1.1: Starbucks
23. Case 1.2: Nike: Somewhere between a Swoosh and a Slam Dunk
24. Ch 2: Asset and Liability Valuation and Income Recognition
25. Ch 2: Chapter Overview
26. Ch 2: Learning Objectives
27. Introduction to the Mixed Attribute Accounting Model
28. Asset and Liability Valuation and the Trade-Off between Relevance and
Representational Faithfulness
29. Income Recognition
30. Income Taxes
31. Framework for Analyzing the Effects of Transactions on the Financial Statements
32. Ch 2: Summary
33. Ch 2: Questions, Exercises, Problems, and Cases
34. Integrative Case 2.1: Starbucks
35. Ch 3: Income Flows versus Cash Flows: Understanding the Statement of Cash Flows
36. Ch 3: Learning Objectives
37. Ch 3: Chapter Overview
38. Purpose of the Statement of Cash Flows
39. The Relations among the Cash Flow Activities
40. Cash Flow Activities and a Firm’s Life Cycle
41. Understanding the Relations among Net Income, Balance Sheets, and Cash Flows
42. Preparing the Statement of Cash Flows
43. Usefulness of the Statement of Cash Flows for Accounting and Risk Analysis
44. Ch 3: Summary
45. Ch 3: Questions, Exercises, Problems, and Cases
46. Integrative Case 3.1: Starbucks
47. Case 3.2: Prime Contractors
48. Case 3.3: W. T. Grant Company
49. Ch 4: Profitability Analysis
50. Ch 4: Learning Objectives
51. Ch 4: Chapter Overview
52. Overview of Profitability Analysis Based on Various Measures of Income
53. Return on Assets (ROA)
54. Return on Common Shareholders’ Equity (ROCE)
55. Economic and Strategic Factors in the Interpretation of ROA and ROCE
56. Benefits and Limitations of Using Financial Statement Ratios
57. Ch 4: Summary
58. Ch 4: Questions, Exercises, Problems, and Cases
59. Integrative Case 4.1: Starbucks
60. Case 4.2: Profitability and Risk Analysis of Walmart Stores
61. Ch 5: Risk Analysis
62. Ch 5: Learning Objectives
63. Ch 5: Chapter Overview
64. Disclosures Regarding Risk and Risk Management
65. Analyzing Financial Flexibility by Disaggregating ROCE
66. Analyzing Short-Term Liquidity Risk
67. Analyzing Long-Term Solvency Risk
68. Analyzing Credit Risk
69. Analyzing Bankruptcy Risk
70. Measuring Systematic Risk
71. Ch 5: Summary
72. Ch 5: Questions, Exercises, Problems, and Cases
73. Integrative Case 5.1: Starbucks
74. Case 5.2: Massachusetts Stove Company—Bank Lending Decision
75. Case 5.3: Fly-by-Night International Group: Can This Company Be Saved?
76. Ch 6: Accounting Quality
77. Ch 6: Learning Objectives
78. Ch 6: Chapter Overview
79. Accounting Quality
80. Earnings Management
81. Accounting Quality in the Liability Recognition and Measurement Area
82. Asset Recognition and Measurement
83. Specific Events and Conditions That Affect Earnings Persistence
84. Tools in the Assessment of Accounting Quality
85. Financial Reporting Worldwide
86. Ch 6: Summary
87. Ch 6: Questions, Exercises, Problems, and Cases
88. Integrative Case 6.1: Starbucks
89. Case 6.2: Citi: A Very Bad Year
90. Case 6.3: Arbortech: Apocalypse Now
91. Ch 7: Financing Activities
92. Ch 7: Learning Objectives
93. Ch 7: Chapter Overview
94. Equity Financing
95. Net Income, Retained Earnings, Accumulated Other Comprehensive Income, and
Reserves
96. Debt Financing
97. Leases
98. The Use of Derivatives to Hedge Interest Rate Risk
99. Expected Rule Changes in Accounting for and Reporting of Debt Financing
100. Ch 7: Summary
101. Ch 7: Questions, Exercises, Problems, and Cases
102. Integrative Case 7.1: Starbucks
103. Case 7.2: Oracle Corporation: Share-Based Compensation Effects/Statement
of Shareholders’ Equity
104. Case 7.3: Long-Term Solvency Risk: Southwest and Lufthansa Airlines
105. Ch 8: Investing Activities
106. Ch 8: Learning Objectives
107. Ch 8: Chapter Overview
108. Investments in Long-Lived Operating Assets
109. What Choices Are Managers Making to Allocate Acquisition Costs to the
Periods Benefited?
110. What Is the Relation between the Book Values and Market Values of Long-
Lived Assets?
111. Investments in Securities
112. Primary Beneficiary of a Variable-Interest Entity
113. Foreign Currency Translation
114. Ch 8: Summary
115. Ch 8: Questions, Exercises, Problems, and Cases
116. Integrative Case 8.1: Starbucks
117. Case 8.2: Disney Acquisition of Marvel Entertainment
118. Ch 9: Operating Activities
119. Ch 9: Learning Objectives
120. Ch 9: Chapter Overview
121. Revenue Recognition
122. Expense Recognition
123. Income Taxes
124. Pensions and Other Postretirement Benefits
125. Use of Derivative Instruments to Hedge Foreign Currency and Commodity
Price Risk
126. Ch 9: Summary
127. Ch 9: Questions, Exercises, Problems, and Cases
128. Integrative Case 9.1: Starbucks
129. Case 9.2: Arizona Land Development Company
130. Case 9.3: Coca-Cola Pensions
131. Ch 10: Forecasting Financial Statements
132. Ch 10: Learning Objectives
133. Ch 10: Chapter Overview
134. Introduction to Forecasting
135. Preparing Financial Statement Forecasts
136. Step 1: Project Revenues
137. Step 2: Project Operating Expenses
138. Step 3: Project Operating Assets and Liabilities on the Balance Sheet
139. Step 4: Project Financial Leverage, Financial Assets, Common Equity Capital,
and Financial Income It
140. Step 5: Project Provisions for Taxes, Net Income, Dividends, and Retained
Earnings
141. Step 6: Balance the Balance Sheet
142. Step 7: Project the Statement of Cash Flows
143. Shortcut Approaches to Forecasting
144. Test the Validity of the Forecast Assumptions and Results by Analyzing
Projected Financial Statement
145. Sensitivity Analysis
146. Reactions to Announcements
147. Ch 10: Summary
148. Ch 10: Questions, Exercises, Problems, and Cases
149. Integrative Case 10.1: Starbucks
150. Case 10.2: Massachusetts Stove Company: Analyzing Strategic Options
151. Ch 11: Risk-Adjusted Expected Rates of Return and the Dividends Valuation
Approach
152. Ch 11: Learning Objectives
153. Ch 11: Chapter Overview
154. The General Valuation Model
155. Equivalence among Dividends, Cash Flows, and Earnings Valuation
156. Risk-Adjusted Expected Rates of Return
157. Dividends-Based Valuation: Rationale and Basic Concepts
158. Dividends-Based Valuation: Advanced Concepts
159. The Dividends-Based Valuation Model
160. Applying the Dividends-Based Valuation Model to Value PepsiCo
161. Sensitivity Analysis and Investment Decision Making
162. Ch 11: Summary
163. Ch 11: Questions, Exercises, Problems, and Cases
164. Integrative Case 11.1: Starbucks
165. Ch 12: Valuation: Cash-Flow-Based Approaches
166. Ch 12: Learning Objectives
167. Ch 12: Chapter Overview
168. Rationale for Cash-Flow-Based Valuation
169. Measuring Free Cash Flows
170. Cash-Flow-Based Valuation Models
171. Free Cash Flows Valuation of PepsiCo
172. Sensitivity Analysis and Investment Decision Making
173. Ch 12: Summary
174. Ch 12: Questions, Exercises, Problems, and Cases
175. Integrative Case 12.1: Starbucks
176. Case 12.2: Holmes Corporation
177. Ch 13: Valuation: Earnings-Based Approach
178. Ch 13: Learning Objectives
179. Ch 13: Chapter Overview
180. Rationale for Earnings-Based Valuation
181. Earnings-Based Valuation: Practical Advantages and Concerns
182. Theoretical and Conceptual Foundations for Residual Income Valuation
183. Residual Income Valuation Model with Finite Horizon Earnings Forecasts and
Continuing Value Computat
184. Residual Income Model Implementation Issues
185. Consistency in Residual Income, Dividends, and Free Cash Flows Valuation
Estimates
186. Ch 13: Summary
187. Ch 13: Questions, Exercises, Problems, and Cases
188. Integrative Case 13.1: Starbucks
189. Ch 14: Valuation: Market-Based Approaches
190. Ch 14: Learning Objectives
191. Ch 14: Chapter Overview
192. Market Multiples of Accounting Numbers
193. Market-to-Book and Value-to-Book Ratios
194. Price-Earnings and Value-Earnings Ratios
195. Price Differentials
196. Reverse Engineering
197. The Relevance of Academic Research for the Work of the Security Analyst
198. Ch 14: Summary
199. Ch 14: Questions, Exercises, Problems, and Cases
200. Integrative Case 14.1: Starbucks
201. Appendix A: Financial Statements and Notes for PepsiCo, Inc. and
Subsidiaries
202. Appendix C: Financial Statement Analysis Package (FSAP)
203. Index