《财务报告与分析》讲述了企业财务报告的基本内容和基本分析方法。全书站在投资者等企业利益相关者的角度对企业的财务报告进行解读与分析,以便做出正确的经营决策。全书共有ll章,前10章系统地讲解了企业财务报告的基本组成内容和分析方法,第11章以某上市公司为实例,展示了系统化的财务分析方法,主要讨论了商业贷款机构、公司控制者、注册会计师、特许财务分析师以及年度报告等方面所采用和关注的财务比率和其他相关问题。全书各章之后均安排了大量具有极强针对性的思考题、练习题和案例。
《财务报告与分析》非常适合作为大学经济、管理类专业高年级学生以及MBA学生学习“财务报告分析”课程的教材。

CHAPTER 1 INTRODUCTION TO FINANCIAL REPORTING 1
Development of Generally Accepted
Accounting Principles (GAAP) 2
American Institute of Certified Public Accountants (AICPA) Financial Accounting
Standards Board (FASB) Operating Procedure for Statements of Financial Accounting
Standards (SFASs) FASB Conceptual Framework
Additional Input——American Institute of Certified Public Accountants
(AICPA) 7
Emerging Issues Task Force (EITF) 8
A New Reality 8
Traditional Assumptions of the Accounting Model 9
Business Entity Going Concern or Continuity · Time Period· Monetary
Unit · Historical Cost · Conservatism · Realization · Matching · Consistency ·
Full Disclosure · Materiality · Industry Practices · Transaction Approach · Cash
Basis · Accrual Basis
Using the Internet 16
Companies' Internet Web Sites · Helpful Web Sites
Summary 17
Questions 17
Problems 20
Case 1-1 Standards Overload? 23
Case 1-2 Recognizing Revenue and Related Costs——Part I 23
Case 1-3 Recognizing Revenue and Related Costs——Part II 25
Case 1-4 Cash Basis——Accrual Basis? 26
Case 1-5 Going Concern? 30
Case 1-6 Economics and Accounting The Uncongenial Twins 27
Case 1-7 I Often Paint Fakes 28

CHAPTER 2 INTRODUCTION TO FINANCIAL STATEMENTS
AND OTHER FINANCIAL REPORTING TOPICS 29
Forms of Business Entities 30
The Financial Statements 30
Balance Sheet (Statement of Financial Position) · Statement of Stockholders' Equity
(Reconciliation of Stockholders' Equity Accounts) · Income Statement (Statement of
Earnings) · Statement of Cash Flows (Statement of Inflows and Outflows of Cash) *
Footnotes (Notes)
Auditor's Report 33
Management's Responsibility for Financial Statements · The SEC's Integrated Disclosure System · Proxy
Summary Annual Report 37
The Efficient Market Hypothesis 38
Ethics 38
SEC Requirements——Code of Ethics
Harmonization of International Accounting Standards 40
Consolidated Statements 41
Accounting for Business Combinations 42
Summary 42
Questions 42
Problems 42
Case 2-1 The CEO Retires 47
Case 2-2 The Dangerous Morality of Managing Earnings 49
Case 2-3 Frequent-Fher Awards——Tick-Tick, Tick-Tick, Tick-Tick 53
Case 2-4 International Accounting——Harmonization in Practice 54
Case 2-5 Materiality: In Practice 54
Case 2-6 Who is Responsible? 55

CHAPTER 3 BALANCE SHEET 57
Basic Elements of the Balance Sheet 58
Assets · Liabilities · Stockholders' Equity · Quasi-Reorganization · Accumulated
Other Comprehensive Income · Equity-Oriented Deferred Compensation · Employee
Stock Ownership Plans (ESOPs) · Treasury Stock · Stockholders' Equity in Unincorporated Firms
Statement of Stockholders' Equity 84
Problems in Balance Sheet Presentation 85
Summary 85
Questions 85
Problems 87
Case 3-1 Balance Sheet Review 91
Case 3-2 Insight on Liabilities 94
Case 3-3 Insight on Shareholders' Equity 94
Case 3-4 Insight on Assets 95
Case 3-5 Our Principal Asset Is Our People 96
Case 3-6 Brands Are Dead? 97
Case 3-7 Advertising——Asset? 97

CHAPTER 4 INCOME STATEMENT 99
Basic Elements of the Income Statement 100
Net Sales (Revenues) ·Cost of Goods Sold (Cost of Sales) · Other Operating
Revenue · Operating Expenses · Other Income or Expense
Special Income Statement Items 102
(A) Unusual or Infrequent Item Disclosed Separately · (B) Equity in Earnings of Nonconsolidated Subsidiaries · Income Taxes Related to Operations · (C) Discontinued
Operations · (D) Extraordinary Items · (E) Cumulative Effect of Change in Accounting Principle · (F) Minority Share of Earnings
Earnings per Share 110
Retained Earnings 110
Dividends and Stock Splits 111
Legality of Distributions to Stockholders 112
Comprehensive Income 113
Summary 114
Questions 114
Problems 120
Case 4-1 Under the Arch 120
Case 4-2 Hidden Treasure 121
Case 4-3 Take My Picture 122
Case 4-4 The Big Order 122
Case 4-5 Celtics 123
Case 4-6 Always Low Prices 124

CHAPTER 5 BASICS OF ANALYSIS 125
Ratio Analysis 126
Common-Size Analysis (Vertical and Horizontal) 126
Year-to-Year Change Analysis 127
Financial Statement Variation by Type of Industry 128
Review of Descriptive Information 128
Comparisons 129
Trend Analysis · Standard Industrial Classification (SIC) Manual · North American
Industry Classification System (NMCS) · Industry Averages and Comparison with
Competitors · Caution in Using Industry Averages
Relative Size of Firm 139
Other Library Sources 139
Ward's Business Directory · Standard & Poor's Reports · Standard & Poor's Register
of Corporations, Directors, and Executives · Standard & Poor's Analyst's Handbook ·
Standard & Poor's Corporation Records · America's Corporate Families:· The Billion
Dollar Directory · D&B· Million Dollar Directory · Directory of Corporate Affiliations · Thomas Register of American Manufacturers · Moody's Investors' Services ·
Securities Owner's Stock Guide · The Wall Street Transcript · The Wall Street Journal Index · The Official Index to The Financial Times · Predicasts F & S Index ·
Reference Book of Corporate Managements * Compact Disclosure
The Users of Financial Statements 142
Summary 14 3
Questions 14 3
Problems 144

CHAPTER 6 LIQUIDITY OF SHORT-TERM ASSETS;
RELATED DEBT-PAYING ABILITY 14 7
Current Assets, Current Liabilities, and the Operating Cycle 148
Cash * Marketable Securities · Receivables · Inventories · Prepayments * Other
Current Assets · Current Liabilities
Current Assets Compared with Current Liabilities 165
Working Capital · Current Ratio · Acid-Test Ratio (Quick Ratio) · Cash Ratio
Other Liquidity Considerations 169
Sales to Working Capital (Working Capital Turnover) · Liquidity Considerations Not
on the Face of the Statements
Summary 170
Questions 171
Problems 173
Case 6-1 LIFO-FIFO 181
Case 6-2 Rising Prices, a Time to Switch OffLIFO? 182
Case 6-3 Moments to Remember 183
Case 6-4 The Other Side of LIFO 185
Case 6-5 Network Supreme 186
Case 6-6 Booming Retail 188

CHAPTER 7 LONG-TERM DEBT-PAYING ABILITY 189
Income Statement Consideration when Determining Long-Term Debt-Paying
Ability 190
Times Interest Earned * Fixed Charge Coverage
……
CHAPTER 8 PROFITABILITY
CHAPTER 9 FOR THE INVESTOR
CHAPTER 10 STATEMENT OF CASA FLOWS
CHAPTER 11 EXPANDED ANALYSIS
……

The accompanying consolidated financial statements, including the notes thereto, and other financial in-formation presented in the annual report were prepared by management, which is responsible for their in-tegrity and objectivity. The fmancial statements have been prepared in accordance with generally acceptedaccounting principles and include amounts that are based upon our best estimates and judgments.We maintain an effective system of internal accounting control. We believe this system provides reasonableassurance that transactions are executed in accordance with management authorization and are appropri-ately recorded in order to permit preparation of financial statements in conformity with generally acceptedaccounting principles and to adequately safeguard, verify, and maintain accountability of assets. The con-cept of reasonable assurance is based on the recognition that the cost of a system of internal control shouldnot exceed the benefits derived.PricewaterhouseCoopers LLP, independent certified public accountants, is retained to audit our financialstatements. Their accompanying report is based on audits conducted in accordance with generally acceptedauditing standards. The audits include a review of the internal accounting control structure to gain a basicunderstanding of the accounting system in order to design an effective and efficient audit approach and notfor the purpose of providing assurance on the system of internal control.The Audit Committee of the Board of Directors is composed of three outside directors and is responsiblefor recommending the independent accounting finn to be retained for the coining year, subject to share-holder approval. The audit Committee meets periodically and privately with the independent accountants,as well as with management, to review accounting, auditing, internal accounting controls, and fmancial re-porting matters. 自教育部在《关于加强高等学校本科教学工作提高教学质量的若干意见》【教高(2001)4号】中提出双语教学的要求后,各地高校相继开设了一系列双语教学课程。这对提高学生的学科和外文水平,开阔国际视野,培养创新型人才起到了重要的作用;一大批教师也逐渐熟悉了外文授课,自身的教学水平和能力得到较大提高,具备国际学术思维的中青年教师脱颖而出。同时,经过近几年的双语教学实践,国外原版教材量大、逻辑不够清晰、疏离中国现实等问题也影响了双语教学的效果。因此,对外版教材进行本土化的精简改编,使之更加适合我国的双语教学已提上教材建设日程。
为了满足高等学校经济管理类双语课程本土化教学的需要,在教育部高等教育司的指导和支持下,高等教育出版社同ThomsonLeaming等国外**出版公司通力合作,在国内**推出了金融、会计、经济学等专业的英文原版改编教材。

Charles H.Gibson,美国特勒多大学会计学教授。他执教30余年,讲授过财务、税收、成本等各种会计学课程。在Journal of accountancy ,Accounting Horizons等**期刊发表了60余篇文章。