Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance

As an equity analyst I appreciate some new insights, but wish there were an up-to-date version.

My interest in understanding the intricacies of the Statement of Cash Flows is in determining if the dividend is safe. This is the perfect book to teach yourself how to determine the ability of a company to sustain and grow their common stock dividend. Lots of detail and examples. But this is not light reading....it does require careful thinking and contemplation. A couple of suggestions if the authors are reading. The book needs an edition update. There have been some FASB rule changes for operating cash flows since this book was published back in 2003. Also what would be very helpful is to point out where in the shareholder reports certain cash flow items can be found, perhaps with examples and copy/paste of the example stocks details as pulled from the quarterly or annual shareholder reports. But this is a must read for those who wish to live on the dividends their investments create.

good discount. delivery in time.

This is not your typical accounting/finance book (i.e., unclear, unfocused and boring). Creative Cash Flow Reporting is the best and most important accounting/finance book I've read in many years. The authors are certainly focused on the right area (determining sustainable cash flow from operations). The interesting nuances of cash flow reporting are laid out in simple terms (e.g., debt funding and repayments are reported with Financing cash flows, but the related interest expense is reported with Operating cash flows). The authors also go beyond the numbers to provide good background re: a number of strategic alternatives (e.g., why one might enter into a sale/leaseback transaction). There are many other reasons to recommend the book. In summary, this book is a "must have" for accountants and financial analysts, and I would strongly recommend for CEOs, COOs, corporate and securities attorneys, and corporate middle managers.

Good content and quite informative. But there are certain quotes and comments have been reiterated many times. Overall, still a good book about cash flow adjustments, espcially sustainable operating cash flow

very good book