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3achapter13 - Financial Accounting Chapter 13 Tools for...

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1 13-1 Financial Accounting: Tools for Business Decision Making, 4th Edition Kimmel, Weygandt, Kieso CHAPTER 13 FINANCIAL ANALYSIS: The Big Picture 13-2 Chapter 13 After studying Chapter 13, you should be able to: Understand the concept of sustainable income. Indicate how irregular items are presented. Explain the concept of comprehensive income. Describe and apply horizontal analysis. Describe and apply vertical analysis. 13-3 After studying Chapter 13, you should be able to: Identify and compute ratios used in analyzing a company’s liquidity, solvency, and profitability. Understand the concept of quality of earnings. Chapter 13 13-4 Sustainable Income... Is the most likely level of income to be obtained in the future. Does not include irregular revenues, expenses, gains, or losses. DO FINANCIAL STATEMENTS SERVE AS PSYCHIC UNDERSTANDING, OR HISTORICAL RECORDS? HISTORICAL RECORDS WHY DO POTENTIAL NEW INVESTORS AND CREDITORS CARE ABOUT WHAT ALREADY HAPPENED? THE PAST IS A STRONG INDICATOR OF THE FUTURE. 11 1
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