Financial Statements Analysis

Syllabus

Dr. Amos Baranes Ph.D, CPA
The Chicago School

Reading you should complete for our next meeting:
1. Valuation (4rd Ed) by Koller, Goedhart, and Wessels, 2005, John Wiley & Sons, Inc, NY - Chapters 3, 12.
  Chapter 3 - Fundamental principles of valule creation
  Chapter 12 - Using multiples for valuation
Domino's Pizza Inc. DPZ   Morningstar-DPZ   MSN-DPZ   RiskGrades-DPZ
Starbucks Corporation SBUX   Morningstar-SBUX   MSN-SBUX   RiskGrades-SBUX
Eli Lilly & Company LLY   Morningstar-LLY   MSN-LLY   RiskGrades-LLY
2. Geoff Black, Applied Financial Accounting and Reporting
  Chapter 11 - The annual report
  Chapter 12 - Understanding and analysing the annual report
Horngren, Sundem, Elliott, & Philbrick Introduction to Financial Accounting, Ninth Edition, Prentice Hall, 2006
  Chapter 12 - Financial statement analysis
XBRL Editor
XBRL By Marissa Stuart and Ben Brewer
The SEC, Madoff and XBRL
Elliott, B. and Elliott, J., Financial Accounting and Reporting, 12th edition (2008), Prentice Hall
  Chapter 29 - An Introduction to Financial Reporting on the internet
3. Elliott, B. and Elliott, J., Financial Accounting and Reporting, 12th edition (2008), Prentice Hall
  Chapter 24 - Accounting for the effects of changes in exchange rates Example
  Chapter 26 - Cash flow statements
  Chapter 27 - Review of financial ratio analysis
Stephen A. Ross, Randolph W. Westerfield, Jeffrey Jaffe, Bradford D. Jordan, Modern Financial Management, International Edition
   Chapter 2 - Financial Statements and Cash Flow   Presentation   Excel - Cash Flow
4. Elliott, B. and Elliott, J., Financial Accounting and Reporting, 12th edition (2008), Prentice Hall
  Chapter 28 - Trend analysis and multivariant anaysis

Presentations
  • Presentation: 1a   1b   1c  
  • Presentation: Chapter 12   Ratio Analysis - Teva
           Domino's Financial Statements   Michal's, Fern Class 2009, look into the DPZ financial statements  
  • Presentation: Financial Distress, XBRL, Cash flow  


  • Assignments:
  • Clarification and reading
  • Assignment 1  Example of Vertical and Horizontal Analysis - Teva
  • Solution for problem in Horngren-Chapter 12 - Financial statement analysis


  • Links:
  • Domino’s Pizza (DPZ): $13.50 dividend pays today but at what price?
  • 6 Reasons Why Domino's Pizza Is Not As Appetizing As It Looks
  • GE financials using XBRL
  • Tesco Annual Report 2009
  • Hugo Boss Annual Report 2008
  • Data Mining - Neural Network