Skip to main content
SpringerLink
Log in
Book cover

Evaluating Corporate Financial Performance pp 1–75Cite as

Palgrave Macmillan

Primary Financial Statements as the Source of Information for Company’s Financial Analysis

  • Chapter
  • First Online:

  • 1082 Accesses

Abstract

A comprehensive and rigorous analysis of company’s economic and financial situation always involves significant amount of information (of both financial and non-financial nature). However, the financial statements of an investigated company constitute by far the most important information source. The purpose of the full set of financial statements is to present the comprehensive picture of the company’s historical performance.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   79.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   99.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Alfredson, K., Leo, K., Picker, R., Loftus, J., Clark, K., & Wise, V. (2009). Applying International Financial Reporting Standards. Wiley.

    Google Scholar 

  • Barwise, P., Higson, C., Likierman, A., & Marsh, P. (1989). Accounting for Brands. London Business School and the Institute of Chartered Accountants in England and Wales.

    Google Scholar 

  • Burgstahler, D., Jiambalvo, J., & Shevlin, T. (2002). Do Stock Prices Fully Reflect the Implications of Special Items for Future Earnings? Journal of Accounting Research, 40, 585–612.

    Article  Google Scholar 

  • Chan, L. K. C., Lakonishok, J., & Sougiannis, T. (2001). The Stock Market Valuation of Research and Development Expenditures. Journal of Finance, 56, 2431–2456.

    Article  Google Scholar 

  • Cready, W. M., Lopez, T. J., & Sisneros, C. A. (2012). Negative Special Items and Future Earnings: Expense Transfer or Real Improvements? The Accounting Review, 87, 1165–1195.

    Article  Google Scholar 

  • Dodge, R. (1996). Group Financial Statements. Chapman & Hall.

    Google Scholar 

  • Fan, Y., Barua, A., Cready, W. M., & Thomas, W. B. (2010). Managing Earnings Using Classification Shifting: Evidence from Quarterly Special Items. The Accounting Review, 85, 1303–1323.

    Article  Google Scholar 

  • Flower, J., & Ebbers, G. (2002). Global Financial Reporting. Palgrave Macmillan.

    Book  Google Scholar 

  • Giroux, G. (2006). Earnings Magic and the Unbalance Sheet. The Search for Financial Reality. Wiley.

    Google Scholar 

  • Hackel, K. S., & Livnat, J. (1996). Cash Flow and Security Analysis. Irwin.

    Google Scholar 

  • Healy, P. M., Myers, S. C., & Howe, C. D. (2002). R&D Accounting and the Tradeoff Between Relevance and Objectivity. Journal of Accounting Research, 40, 677–710.

    Article  Google Scholar 

  • Kothari, S. P., Laguerre, T. E., & Leone, A. J. (2002). Capitalization versus Expensing: Evidence on the Uncertainty of Future Earnings from Capital Expenditures versus R&D Outlays. Review of Accounting Studies, 7, 355–382.

    Article  Google Scholar 

  • Lev, B., & Zarowin, P. (1999). The Boundaries of Financial Reporting and How to Extend Them. Journal of Accounting Research, 37, 353–385.

    Article  Google Scholar 

  • Nissim, D., & Penman, S. H. (2003). Financial Statement Analysis of Leverage and How It Informs About Profitability and Price-to-Book Ratios. Review of Accounting Studies, 8, 531–560.

    Article  Google Scholar 

  • Penman, S. H. (2009). Accounting for Intangible Assets: There Is Also an Income Statement. A Journal of Accounting, Finance and Business Studies, 45, 358–371.

    Google Scholar 

  • Reider, R., & Heyler, P. B. (2003). Managing Cash Flow: An Operational Focus. Wiley.

    Google Scholar 

  • Schauten, M. B. J., Stegink, R., & De Graaff, G. (2010). The Discount Rate for Discounted Cash Flow Valuations of Intangible Assets. Managerial Finance, 36, 799–811.

    Article  Google Scholar 

  • Smith, T. (1992). Accounting for Growth: Stripping the Camouflage from Company Accounts. Century Business.

    Google Scholar 

  • Stutely, R. (2007). The Definitive Business Plan: The Fast-Track to Intelligent Business Planning for Executives and Entrepreneurs. FT. Prentice-Hall.

    Google Scholar 

  • Tennent, J. (2018). Guide to Financial Management. Profile Books.

    Google Scholar 

  • Wallman, S. M. H. (1995). The Future of Accounting and Disclosure in an Evolving World: The Need for Dramatic Change. Accounting Horizons, 9, 81–91.

    Google Scholar 

  • Welc, J. (2020). Reading Between the Lines of Corporate Financial Reports: In Search of Financial Misstatements. Palgrave Macmillan.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. SRH Berlin University of Applied Sciences, Berlin, Germany

    Jacek Welc

  2. Wroclaw University of Economics, Wrocław, Poland

    Jacek Welc

Authors
  1. Jacek Welc
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Jacek Welc .

1.1 Electronic supplementary material

Rights and permissions

Reprints and permissions

Copyright information

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this chapter

Check for updates. Verify currency and authenticity via CrossMark

Cite this chapter

Welc, J. (2022). Primary Financial Statements as the Source of Information for Company’s Financial Analysis. In: Evaluating Corporate Financial Performance. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-97582-1_1

Download citation

Publish with us

Policies and ethics

Search

Navigation