Accounting and Financial Analysis
Edited book (chapter)
Chapter Title | Accounting and Financial Analysis |
---|---|
Book Chapter Category | Edited book (chapter) |
ERA Publisher ID | 3337 |
Book Title | Investment Management: A Modern Guide to Security Analysis and Stock Selection |
Authors | Krishnamurti, Chandrasekhar (Author) and Vishwanath, S. R. (Author) |
Editors | Vishwanath, S. R. and Krishnamurti, Chandrasekhar |
Page Range | 109-137 |
Chapter Number | 6 |
Number of Pages | 29 |
Year | 2009 |
Publisher | Springer |
Place of Publication | Germany |
ISBN | 9783540888017 |
Digital Object Identifier (DOI) | https://doi.org/10.1007/978-3-540-88802-4_6 |
Web Address (URL) | https://link.springer.com/chapter/10.1007/978-3-540-88802-4_6 |
Abstract | [Chapter Introduction and Objectives]: Shares in troubled healthcare software provider iSoft Group, PIc. fell over 25% in morning trading after the company announced that annual profits would be lower Financial statements are reports of business performance of the company during the year. Financial statements are used by different groups of people for different purposes. Lenders are interested in financial statements to assess the credit worthiness of the company; investors are interested in assessing the profit potential, bankers in fixing the working capital limit; academic researchers in the quality of disclosure, etc. Nobody would be as much interested as the managers of the company simply because their personal fortune and jobs are tied to the performance of the company. They would be interested, for example, in assessing the indebtedness of the company and when they come due in relation to cash flow available or the impact of extending credit to customers on the financial condition of the company. The set of analytical tools available is the same regardless of who you are; only the emphasis changes. A company's management is responsible for anticipating future imbalances in the company's financial system before its severity is reflected in the company's financial |
Keywords | accounting; financial analysis |
ANZSRC Field of Research 2020 | 350202. Finance |
Public Notes | Files associated with this item cannot be displayed due to copyright restrictions. |
Byline Affiliations | Auckland University of Technology, New Zealand |
Institute of Management Technology, India |
https://research.usq.edu.au/item/9z788/accounting-and-financial-analysis
1998
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