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Library Information Sources for Financial Management
BUAD 381Charlotte Johnson JonesReference & Social Sciences LibrarianSpring 2007
Information needs forFinancial 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.
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 databaseof financial and other information drawn from SEC filings by U.S. publicly traded companies.
Tour
Use the Financials view for this assignment.
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.
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.
Notice the dropdown menu choices
Change view.
Download to MS Excel.
Notice separate worksheets
Please logout
Please be sure to logout. UMW subscription allows only two concurrent users.
Standard and Poor’sNetAdvantage
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.
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.
Valuation tab includes a Beta coefficient
Valuation Beta: Look at the Glossary to see how the S&P beta is derived.
Free, non-subscriptionsources 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.
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.
NAICSNorth 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 http://www.census.gov/epcd/naics02/
Simpson Library has a print version of NAICS at REFB HF 1042.N6 2002.
SICSStandard 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 http://www.osha.gov/pls/imis/sicsearch.html
Simpson Library has a print version at REFB HF1042/.A55/1987.
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.
Types ofindustry 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
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.
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
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
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
RMAAnnual 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.
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.
Industry analysisis an S&P strength
S&P’s industry structure
S&P uses its own industry classifications.
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
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
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.
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.
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”
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.
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.
Change OR to AND
Change “Or” to “And.”
Run the search.
Great results!
Click a title to see full text. Use the icons to e-mail, print, or save.
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.