Table of Contents

Course Learning Objectives. iii

Chapter 1 Annual Report: The Financial Statements. 6

Learning objectives. 6

What and Why of Financial Statements. 6

Statement of Cash Flows. 16

Chapter 1 Review Questions. 24

Click here to see Answers to Review Questions at end of EBook. 24

Chapter 2 Annual Report: Other Sections of the Report 25

Learning objectives. 25

Other Sections in the Annual Report 25

SEC Reporting Requirements: Integrated Disclosure System.. 30

Chapter 2 Review Questions. 40

Chapter 3 Analysis of Financial Statements for Liquidity, Asset Utilization and Solvency. 42

Learning objectives. 42

The Purpose and Value of Financial Statement Analysis. 43

Cash Flow Ratios and Solvency. 54

Chapter 3 Review Questions. 55

Chapter 4 Analysis of Financial Statements for Profitability and Market Value. 56

Learning objectives. 56

Profitability and Market Value Ratios. 56

Market Value Ratios. 59

Cash Flow Ratios. 64

An Overall Evaluation – Summary of Financial Ratios. 67

Conclusion. 68

Summary of Financial Ratios - Trend and Industry Comparisons. 69

Chapter 4 Review Questions. 71

Review Questions Answers. 73

Glossary. 85

Index. 87

CPE Exam Answer Sheet 88

Final Examination. 89

CPASelfstudy.com Course Evaluation. 93