Financial Reporting, Financial Statement Analysis and Valuation,
9th Edition

1. Overview of Financial Reporting, Financial Statement Analysis, and Valuation.
2. Asset and Liability Valuation and Income Recognition.
3. Income Flows versus Cash Flows: Understanding the Statement of Cash Flows.
4. Profitability Analysis.
5. Risk Analysis.
6. Financing Activities.
7. Investing Activities.
8. Operating Activities.
9. Accounting Quality.
10. Forecasting Financial Statements.
11. Risk-Adjusted Expected Rates of Return and the Dividends Valuation Approach.
12. Valuation: Cash-Flow Based Approaches.
13. Valuation: Earnings-Based Approaches.
14. Valuation: Market-Based Approaches.
Appendix A: Financial Statements and Notes for PepsiCo, Inc. and Subsidiaries.
Appendix B (online): Management's Discussion and Analysis for PepsiCo, Inc. and Subsidiaries.
Appendix C (online): Financial Statement Analysis Package (FSAP).
Appendix D (online): Financial Statement Ratios: Descriptive Statistics by Industry and by Year.
Index.
Appendix 1.1 (online) Preparing a Term Project.

• James M. Wahlen

  James M. Wahlen is the James R. Hodge Chair of Excellence, professor of accounting, former chair of the accounting department, and the former chair of the M.B.A. program at the Kelley School of Business at Indiana University. Dr. Wahlen received his Ph.D. from the University of Michigan and has served on the faculties of the University of North Carolina at Chapel Hill, the University of Washington and Pacific Lutheran University. He has also been a visiting professor at the University of Chicago, INSEAD and Sungkyunkwan University. Dr. Wahlen’s teaching and research interests focus on financial accounting, financial statement analysis and the capital markets. He investigates financial statements analysis, testing the extent to which earnings and other financial statement information can predict future stock returns, earnings quality and earnings management, earnings volatility as an indicator of risk, fair value accounting for financial instruments and accounting for loss reserve estimates by banks and insurers. His research has been published in a wide array of academic and practitioner journals in accounting and finance. He has public accounting experience in both Milwaukee and Seattle and is a member of the American Accounting Association. Dr. Wahlen has received numerous teaching awards during his career. In his free time, he enjoys spending time with his wife and daughters, spoiling his adorable granddaughters, playing outdoor sports (biking, hiking, skiing, golf), cooking (and, of course, eating), and listening to rock music (especially if it is loud and live).

• Stephen P. Baginski

  Stephen P. Baginski is the Herbert E. Miller Chair in Financial Accounting at the University of Georgia’s J.M. Tull School of Accounting. He received his Ph.D. from the University of Illinois, and he has taught a variety of financial and managerial undergraduate, M.B.A. and executive education courses at the University of Georgia, Indiana University, Illinois State University, the University of Illinois, Northeastern University, Florida State University, Washington University in St. Louis, the University of St. Galen, the Swiss Banking Institute at the University of Zurich, Bocconi and INSEAD. Dr. Baginski has published articles in a variety of journals including The Accounting Review, Journal of Accounting Research, Contemporary Accounting Research, Review of Accounting Studies, The Journal of Risk and Insurance, Accounting Organizations and Society and The European Accounting Review. His research primarily deals with the causes and consequences of voluntary management disclosures of earnings forecasts, and he also investigates the usefulness of financial accounting information in security pricing and risk assessment. Dr. Baginski has served on several editorial boards and as an associate editor at Accounting Horizons and The Review of Quantitative Finance and Accounting. He has won numerous undergraduate and graduate teaching awards at the department, college and university levels during his career, including the Doctoral Student Inspiration Award from students at Indiana University. Dr. Baginski loves to watch college football, play golf, and run (very slowly) in his spare time.

• Mark Bradshaw

  Mark T. Bradshaw is professor of accounting, chair of the department and William S. McKiernan ’78 Family Faculty Fellow at the Carroll School of Management of Boston College. Dr. Bradshaw received a Ph.D. from the University of Michigan Business School and earned a B.B.A. summa cum laude with highest honors in accounting and a master’s degree in financial accounting from the University of Georgia. He previously taught at the University of Chicago, Harvard Business School and the University of Georgia. Dr. Bradshaw was a certified public accountant with Arthur Andersen & Co. in Atlanta. Today, he conducts research on capital markets, specializing in the examination of securities analysts and financial reporting issues. His research has been published in a variety of academic and practitioner journals, and he serves as an editor for The Accounting Review and as associate editor for Journal of Accounting and Economics, Journal of Accounting Research and Journal of Financial Reporting. Dr. Bradshaw is also on the editorial board of Review of Accounting Studies and the Journal of International Accounting Research. In addition, he is a reviewer for numerous other accounting and finance journals. Dr. Bradshaw has authored a book with Brian Bruce: ANALYSTS, LIES, AND STATISTICS—CUTTING THROUGH THE HYPE IN CORPORATE EARNINGS ANNOUNCEMENTS. Approximately 25 pounds ago, Dr. Bradshaw was an accomplished cyclist. Currently focused on additional leisurely pursuits, he nevertheless routinely passes younger and thinner cyclists.

• STREAMLINED EXPOSITION IN EACH CHAPTER CREATES A WELL-WRITTEN, ACCESSIBLE TEXT. Known for its clear presentation, this edition provides concise, direct discussion that quickly and efficiently emphasizes key insights. To ensure a streamlined presentation, some highly technical and accounting-related material now appears only in online appendices that students can easily access at www.cengagebrain.com.

• QUICK CHECKS IN EACH CHAPTER HIGHLIGHT KEY INSIGHTS IN THE READING FOR EVERY SECTION. In addition, content for each section as well as end-of-chapter questions, exercises, problems, and cases are cross-referenced to learning objectives. This further ensures that your students can implement the critical skills and techniques associated with each of the learning objectives.

• KEY CHAPTERS OFFER INSIGHTS ON PROFITABILITY ANALYSIS (CHAPTER 4) AND RISK ANALYSIS (CHAPTER 5). These chapters continue to highlight disaggregation of return on common equity along traditional lines of profitability, efficiency, and leverage, as well as along operating versus financing lines.

• COMPANION WEBSITE FOR THIS EDITION OFFERS UPDATED FINANCIAL RATIOS AND OTHER HELPFUL RESOURCES. An updated Appendix D on the companion website provides descriptive statistics on 20 commonly used financial ratios computed during the past ten years for 48 industries. These ratios data enable your students to benchmark their analyses and forecasts against industry averages.

• CHAPTERS ON ACCOUNTING QUALITY COVER FINANCING, INVESTING, AND OPERATING ACTIVITIES. Readers review determinants of accounting quality, how to evaluate accounting quality and adjust reported earnings and financial statements to cleanse low-quality accounting items. Discussion follows business activities, from raising financial capital and investing in productive assets to operating the business. Chapters discuss accounting for financing, investing and operating activities. Examples of foreign currency translation and accounting for various hedging activities appear in online appendices.

• CHAPTERS ON ACCOUNTING QUALITY PROVIDE IN-DEPTH ANALYSIS. Chapters 6-9 explore balance sheet quality and income statement quality in detail to prepare students for financial reporting success.

• EACH CHAPTER DISCUSSES CURRENT DEVELOPMENTS IN U.S. GAAP AND IFRS. Students examine how U.S. GAAP compares to IFRS and how to deal with such differences in financial statement analysis. End-of-chapter materials contain many problems and cases involving non-U.S. companies, with application of financial statement analysis techniques to IFRS-based financial statements.

• Each CHAPTER INCORPORATES A "GOLDEN THREAD" COMPANY -- STARBUCKS. This book continues the tradition of past editions as the authors illustrate material in each chapter by referencing the financial statements and disclosures of Starbucks.

• CHAPTERS PROVIDE INSIGHTS FROM EMPIRICAL ACCOUNTING RESEARCH. Each chapter emphasizes a number of relevant research developments pertinent to financial statement analysis and valuation.

• THE UPDATED INTEGRATIVE CASES AT THE END OF EACH-CHAPTER HIGHLIGHT WALMART. This integrated case material for each chapter applies the concepts and tools discussed in that chapter to financial issues in Walmart.

• NEW, REVISED AND UPDATED END-OF-CHAPTER MATERIAL PROVIDES NEW PROBLEMS AND CASES. Each chapter contains material that is relevant to today's world and written for maximum learning value.

• THE FINANCIAL STATEMENT ANALYSIS PACKAGE (FSAP) ACCOMPANYING THIS EDITION OFFERS EVEN MORE. The FSAP available with this book is now substantially revised to be more user-friendly and offer additional valuable tools for mastering the book's content.

• MindTap® Accounting for Wahlen/Baginski/Bradshaw's FINANCIAL REPORTING, FINANCIAL STATEMENT ANALYSIS, AND VALUATION, 9E. is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You.

Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

Cengage Testing, powered by Cognero® for Wahlen/Baginski/Bradshaw's Financial Reporting, Financial Statement Analysis and Valuation
9781305953963

Cengage Testing, powered by Cognero® for Wahlen/Baginski/Bradshaw's Financial Reporting, Financial Statement Analysis and Valuation, Instant Access
9781305953956

Instructor’s Companion Website for Wahlen/Baginski/Bradshaw's Financial Reporting, Financial Statement Analysis and Valuation, 9th
9781305953925

VitalSource eBook: Financial Reporting, Financial Statement Analysis and Valuation 12 Months
9788000011370

MindTap: Financial Reporting, Financial Statement Analysis and Valuation 12 Months
9788000031224