Financial analysis is the key to smarter business decisions. It helps companies chart the best course of action—whether identifying operational improvements, evaluating investment choices, or preparing for an acquisition. Covering in-depth financial statement analysis, ratio analysis, asset management, capital structure, and more, this comprehensive course gives students the tools they need to crunch the numbers, focusing on prediction rather than reporting.
Students will learn how to:
• Connect a company’s past experience to future expectations
• Apply the right analytical techniques to problems or decisions
• Identify and explain deviations from anticipated results
• Make needed adjustments to financial statements, taking into account current values, off-balance-sheet financing, and unrecognized items
• Use financial ratios to analyze trends, identify issues, and compare results to the competition and the industry as a whole
• Evaluate capital investments using net present value, internal rate of return, profitability index, and other methods
• Manage current assets including cash, credit and collections, and inventory
• Build a robust financial forecast
• Determine a company's optimal capital structure and debt policy
• Measure the financial impact of a merger or acquisition
Now completely revised, the sixth edition of A Manager’s Guide to Financial Analysis includes a chapter on forecasting and valuation; sections on alternative asset management, liability and equity; guidance on analyzing return on equity (ROE) using DuPont Analysis; coverage of total asset turnover; updated information on stock repurchases; a glossary of key terms; as well as exercises and review questions throughout to help increase comprehension and reinforce new skills.