1. Framework for Financial Statement Analysis -- 2. Accounting Income and Assets: The Accrual Concept -- 3. Analysis of Cash Flows -- 4. Foundations of Ratio and Financial Analysis -- 5. Empirical Research: Implications for Financial Statement Analysis -- 6. Analysis of Inventories -- 7. Analysis of Long-Lived Assets, Part I: The Capitalization Decision -- 8. Analysis of Long-Lived Assets, Part II: Analysis of Depreciation and Impairment -- 9. Analysis of Income Taxes -- 10. Analysis of Financing Liabilities -- 11. Leases and Off-Balance-Sheet Debt -- 12. Pensions and Other Employee Benefits -- 13. Analysis of Intercorporate Investments -- 14. Analysis of Business Combinations -- 15. Analysis of Multinational Operations -- 16. Derivatives and Hedging Activities -- 17. Analysis of Financial Statements: A Synthesis -- 18. Accounting- and Finance-Based Measures of Risk -- 19. Valuation and Forecasting -- App. A. Dupont Financial Statements -- App. B. DOW Chemical Company.

App. C. ICI Financial Statements.