Library Information Sources for Financial Management
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Library Information Sources for Financial Management






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Library Information Sources for Financial Management Presentation Transcript

  • 1. Library Information Sources for Financial Management BUAD 381 Charlotte Johnson Jones Reference & Social Sciences Librarian Spring 2007
  • 2. Information needs for Financial Management
    • Corporate information
      • Annual reports and financial statements
      • Trends, ratios, stock prices, other benchmarks
      • Analysis and outlooks
    • Industry information
      • Trends, ratios, and other financial indicators
      • Analysis and outlooks
    Simpson Library has resources to help you find all of these.
  • 3. Download corporate financials in Excel from 10K Wizard 10K Wizard is a rich database with many ways to search for and compile information on companies. Take the 10K Tour to learn more. 10K Wizard is a database of financial and other information drawn from SEC filings by U.S. publicly traded companies. Tour Use the Financials view for this assignment.
  • 4. Use ticker symbol for precise results Enter the ticker symbol for your corporation. Choose Annual or Quarterly statements and the items you want to see.
  • 5. Click on the Company Financials tab for numbers Notice data goes back to 1998, when the SEC began to require electronic filing. WYSIWYG: What You See Is What You Get. You can delete and compress line items once the data is in Excel.
  • 6. Notice the dropdown menu choices Change view. Download to MS Excel.
  • 7. Notice separate worksheets
  • 8. Please logout Please be sure to logout. UMW subscription allows only two concurrent users.
  • 9. Standard and Poor’s NetAdvantage S&P NetAdvantage offers excellent access to stock prices, trends, and other subscription corporate and industry analysis. Choose Companies tab for information on an individual company.
  • 10. An S&P Company Profile Financials are compressed and not downloadable in Excel. S&P numbers and analysis tend to be based on stock prices, valuations, and trends.
  • 11. Valuation tab includes a Beta coefficient Valuation Beta: Look at the Glossary to see how the S&P beta is derived.
  • 12. Free, non-subscription sources of corporate information
    • Corporate web sites, including annual reports
    • SEC EDGAR: federal database of 10-K and other SEC-required reports in downloadable format. 10K Wizard makes the whole process a lot easier.
  • 13. Industry codes: Comparing apples and . . .
    • Governments, including the federal government, and financial information publishers, such as S&P or Mergent, use industry codes (also known as classification systems) to sort and organize information about similar companies.
    • The problem? Not everyone uses the same system.
    • Even the federal government has two systems in widespread use.
    • Why do you care?
    • Because if you compare your corporation’s financial picture to that of other corporations in an industry, you want to be sure you are comparing apples and apples.
    • Make sure you know what classification system is used in each information source you consult.
  • 14. NAICS North American Industry Classification System
    • Provides common industry definitions for Canada, Mexico, and the United States.
    • NAICS, which was integral to the implementation of NAFTA, replaces the countries' separate classification systems with one uniform system for classifying industries.
    • In the United States, NAICS replaced the Standard Industrial Classification system or SIC codes.
    • The online version, posted by the U.S. Bureau of the Census, is found at
    • Simpson Library has a print version of NAICS at REFB HF 1042.N6 2002.
  • 15. SICS Standard Industrial Classification System
    • Was theoretically superseded by the North American Industry Classification System (NAICS)
    • However both systems are still widely in use, by information publishers and even by the federal government
    • A searchable online version, posted by the U. S. Department of Labor is available at
    • Simpson Library has a print version at REFB HF1042/.A55/1987.
  • 16. Proprietary code systems
    • Are called proprietary because they are the intellectual property of the individual publishers that use them.
    • For example, the Dow Jones database Factiva uses its own set of industry categories and alphanumeric industry codes.
  • 17. Types of industry financial information
    • Ratios, trends, and other indicators compiled from tax returns, financial statements and other sources of information about a pool of similar companies
    • Many major players in financial information publish these on a regular basis, including Mergent (formerly Moody’s), Standard & Poor’s, and Dun & Bradstreet
  • 18. Ratios
    • Ratios will be a key tool in analyzing corporations and industries in this course
    • Simpson Library has many resources, including reference books and databases, to help you find industry ratios.
  • 19. Industry Norms & Key Business Ratios: Desk-Top Edition
    • Norms and 14 key business ratios by SIC classification
    • Drawn from financial statements of one million companies in Dun &Bradstreet Financial Information Base
    • Includes information about how ratios are calculated
    • Published annually
    • Library holds 1990-
    • Beginning with 1999/2000 edition, accounting period became January – December of the earlier year in the title. (Previously, accounting period was July-June fiscal year.)
    • Most recent edition, as of 2/08/2007 is 2005/2006 edition with data and ratios for calendar year 2005.
    • Call number: REFB HF5681 .R25 I53
    Use this one for BUAD 381
  • 20. Other sources of ratios that may be useful—with caveats
    • Mergent’s Industry Review
    • RMA Annual Statement Studies
    • Almanac of Business and Industrial Financial Ratios
  • 21. Mergent's Industry Review
    • Key financial information, operating data, and ratios for approximately 6,000 companies
    • Arranged in 137 proprietary industry groups, not by SIC or NAICS codes
    • For example: Mergent “Automobiles and Trucks” category includes General Motors and Carmax.
    • Includes rankings within industries
    • Published two times a year. Library retains one calendar year plus current year
    • Call number: REFB HG4961 .M68
  • 22. RMA Annual Statement Studies
    • Arranged by SIC & NAICS codes
    • Drawn from financial statements of customers of RMA member banking institutions
    • Includes information about how ratios are calculated
    • Published annually and includes current and historical ratios
    • Library holds 1984-
    • Most recent, as of 9/19/2005, is 2004-2005 edition
    • Accounting period is April 1, 2003-March 31, 2004.
    • Call number: REFB HF5681.B2 R58
    Notice that the pool of companies analyzed is not random and is self-selected. Be cautious about drawing large conclusions from small samples.
  • 23. Almanac of Business and Industrial Financial Ratios
    • 50 performance indicators for 195 industries, further divided by asset size
    • Uses NAICS
    • Based on IRS tax return data from 4.9 million U.S. and international corporations
    • Published annually
    • Most recent, as of 2/07/2006, is 2006 edition
    • Accounting period for 2006 edition is July 2002-June 2003
    • Call number: REFB HF5681 .R25 A45 2006
    Note how long it takes this publisher to collect & analyze data. Be sure to compare equivalent accounting periods as well as similar companies .
  • 24. Industry analysis is an S&P strength
  • 25. S&P’s industry structure S&P uses its own industry classifications.
  • 26. Use the S&P Industry Surveys with caution for this assignment
    • The surveys are an excellent, respected source
    • Use them as a guideline for how to write an analysis of financial data
    • Do not use them as a sole source or major source for your analysis
    • Draw your own conclusions from your own calculations and your own research
  • 27. Periodical articles
    • Are a good source of both corporate and industry analysis and forecasts
    • Can provide a snapshot of what analysts were thinking and projecting at a certain point in the past
    • Are found in Simpson Library databases, including Business & Company Resource Center and Factiva
  • 28. Business & Company Resource Center Enter the company name and click on Search. Notice that articles are available about this company subdivided by topic. Click on a link to see the articles.
  • 29. Most articles are in full text Click for full text. Not in full text? Click Locate Journal Article to see if the library has this publication in another database or in microfilm, microfiche, or print.
  • 30. Factiva, from Dow Jones
    • Has almost 100% full-text content, including The Wall Street Journal
    • Contains approximately 8,000 news, business, and trade publications
    • 1,000 are foreign language titles
    • Can be difficult and/or overwhelming to search
    • For best results, take advantage of Factiva “Intelligent Indexing”
  • 31. Use Intelligent Indexing to find your company Click the + sign. Type the company name in the search box. Click the symbol to open a list of options. Important: Click once on the company name you want to search. Do not double click! Double clicking removes the company from the search.
  • 32. Now choose the subject Click the + sign to see the choices. Open Subject  Content Types . Wow! Analysis! Commentary/Opinion! Choose one and click on it once.
  • 33. Change OR to AND Change “Or” to “And.” Run the search.
  • 34. Great results! Click a title to see full text. Use the icons to e-mail, print, or save.
  • 35. Find industry analysis too Use the same strategy to search for industry analysis. Or use “Editor’s Choice” under Subject for analytical articles selected by Factiva content specialists.