Accounting Standards (US and International) have been updated to reflect the latest pronouncements.
* An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples.
From the Back Cover
THE ANALYSIS AND USE OF FINANCIAL STATEMENTS, THIRD EDITION integrates accounting economic theory, and empirical research to provide a framework for financial statement analysis in a user-oriented context. Co-written by academics and practitioners, this is the only text that reaches students to first understand how financial statements are generated. Principles of analysis are then illustrated through the extensive use of actual corporate financial statements.
Features:
* NEW cases have been added to the web size to develop students' research and analytical skills.
* Accounting Standards (US and International) have been updated to reflect the latest pronouncements.
* Real companies used to illustrate financial analysis techniques.
* End-of-chapter problem material based on US and non - US financial statements such as Holmen, Roche & Takada Chemical.
* Comprehensive coverage of financial statement analysis tools and techniques.
* Companion Web site which includes annual reports of companies featured in the third edition, appendices, cases, plus updates for new financial accounting standards.
About the Author
Gerald I. White, Grace & White, Inc.
Ashwinpaul C. Sondhi, Columbia University
Haim D. Fried, New York University
This book and its accompanying CD is a valuable resource for those seeking a fundamental understanding of financial statements, their usage and signifcance. The chapters are well organized and walks the reader through various aspects of financial analysis. This book lays the foundations of fundamental analysis.
On the filp side, the language could be a little difficult to interpret at times (more Harvardish or Yaleish than common English)and can be a little uninspiring. The authors assume that readers have a basic understanding of accounting which can throw off some readers. But I guess if someone is seeking to get their feet wet in financial analysis, it is safe to presume that he or she will atleast have the basic knowledge in accounting.
Overall, this is a very good and useful book with neumerous real world examples of financial analysis at play. As I have mentioned before, this book lays down the foundation for fundamental analysis. I would recommend this book to all those who are currently persuing a career within the finaicial industry or corporate finance as analyst or aspire to become one - This book is a must read for you.
The book requires solid knowledge of accounting so not recommended for beginners. Do not expect long explanations and illustrations. They just give some basic examples and generally they don't provide journal entries. It is not an accounting book! Don't be scared if first time there are parts that are not clear as the chapters are interlinked. Give it another chance.
My accounting professor recommended this book ... found it to be very useful to get a handle on many accounting principles I was struggling with in my MBA course. What I like the best about the book is that it allows you to et as detailed as you want to get - it all depends on your interest. For instance I just wanted to get familiar with some issues like accounting for pension and it has very well explained the basics of pension accounting and on other hand where I wanted to get into details of handling of stock options it had all the details I was looking for.
Product Details :
- Series: Analysis and Use of Financial Statements
- Hardcover: 777 pages
- Publisher: Wiley; 3 edition (December 18, 2002)
- Language: English
- ISBN-10: 0471375942
- ISBN-13: 978-0471375944
- Product Dimensions: 1.2 x 8.6 x 11.1 inches
More Details about The Analysis and Use of Financial Statements, 3rd Edition
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