By White, Scondhi, Fried.

1.FRAMEWORK FOR F0 NANCIAL sTATEMENT ANALYSIS
Introduct0n
Need for Financial Statement Analysis
Focus on Investment Decisions
The Financial Reporting System
The U.S.Financial Reporting System
International Accounting Standards
SEC Reporting Requirements for Foreign Registrants
Principal Financial Statements
Other Sources of FinancialInformation
Role of the Auditor
Summary
2.ACCOU NTING INCOME AND ASSETS：TH E ACCRUAL CONCEPT
Introduction
Income，Cash Flows，and Assets：Definitions and Relationships
7he Accrual Concept of Income
Nonrecurring Items
The Balance Sheet
Statement of Stockholders’Equity
Summary
3.ANALYsis 0F CAsH FLOWs
Statement of Cash Flows
Analysis of Cash Flow Information
Cash Flow Statements：An International Perspective
Summary
4.FOUNDATIONS OF RATIO AND FINANCIAL ANALYSIS
Introduction
Common.Size Statements
Discussion of Ratios by Category
Ratios：An Integrated Analysis
Earnings per Share and Other Ratios Used in Valuation
Patterns of Ratio Disclosure and Use 139
Summary
5.ANALYSIS OFINVENTORIEs
Introducti0n
Inventory and Cost of Goods Sold：Basic Relationships
Comparison of Information Provided by Alternative Methods
LIFO Versus FIFO：Income，Cash Flow，and Working Capital Effects
Adjustment from LIFO to FIFO
Adjustment of Income to Current Cost Income
Financia!Ratios：LIFO Versus FIFO
Declines in LIFO Reserve
Initial Adoption of LIFO and Changes to and from LIFO
LIFO：A Historical and Empirical Perspective
International Accounting and Reporting Practices
Summary and Concluding Comments
6.ANALYSIS OF LONG.LIVED ASSETS：PARTI-TH E CAPITALIZATION DECISIO
Introduction
Acquiring the Asset：The Capitalization Decision
Capitalization Versus Expensing：Conceptual Issues
Capitalization Versus Expensing：General Issues
Capitalization Versus Expensing：Industry Issues
Analytical Adjustments for Capitalization and Expensing
Summary
7.ANALYSIS OF LONG-LIVED ASSETS:PART II--ANALYSIS OF DEPRECIATION AND IMPAIRMENT
8.ANALYSIS OF INCOME TAXES
9.ANALYSIS OF FINANCING LIABILITIES
10.ANALYSIS OF INTERCORPORATE INVESTMENTS
11.ANALYSIS OF BUSINESS COMBINATIONS
12.ANALYSIS OF MULTINATIONAL OPERATIONS
13.ANALYSIS OF FINANCIAL STATEMENTS: ASTNTHESIS