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Reading 17: Evaluating Quality of Financial Reports
0:00 Introduction and Learning Outcome Statements
3:26 Demonstrate the use of a conceptual framework for assessing the quality of a company’s financial reports;
13:48 Explain potential problems that affect the quality of financial reports;
23:20 Describe how to evaluate the quality of a company’s financial reports;
29:26 Evaluate the quality of a company’s financial reports;
37:00 Describe the concept of sustainable (persistent) earnings;
40:19 Describe indicators of earnings quality;
44:06 Explain mean reversion in earnings and how the accruals component of earnings affects the speed of mean reversion;
45:21 Evaluate the earnings quality of a company;
48:58 Describe indicators of cash flow quality;
51:24 Evaluate the cash flow quality of a company; Describe indicators of balance sheet quality;
52:53 Evaluate the balance sheet quality of a company;
55:11 Describe sources of information about risk.