Behind the Balance Sheet: A Case Study in Accounting Analysis.
展示如何仅通过公开信息（如年报、SEC文件）对一家公司进行深入会计分析，说明分析师无需询问管理层即可从公开资料中获取大量信息。
Abstract ABSTRACT: This article is intended as an illustration of the results obtainable from close scrutiny of publicly available information about a particular company. The analysis contained in the article is based solely upon a review of Natco Industries, Inc.'s published annual reports to stockholders, a prospectus, Securities and Exchange Commission registration statements, filings with the SEC in satisfaction of the periodic reporting requirements, and other public documents. Inquiry of a company's management (and/or its outside auditors, legal counsel, or others) with respect to accounting or other issues that an analyst finds troublesome or unusual is a common and useful tool of financial analysis. The purpose of this article is to demonstrate the nature and extent of what can be generated by the financial statement user himself, purely from public sources.