Understanding Financial Statements

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A supplementary text for a variety of Business courses, including Financial Statement Analysis, Investments, Personal ¿Finance, and Financial Planning and Analysis¿An Analytical Approach to Understanding and Interpreting Business Financial Statements¿Understanding Financial Statements improves the student’s ability to translate a financial statement into a meaningful map for business decisions. The material covered in each chapter helps students approach financial statements with enhanced confidence and understanding of a firm’s historical, current, and prospective financial condition and performance. TheEleventh Edition includes new case studies based on existing companies and enhanced learning tools to help students quickly grasp and apply the materials. Fraser and Ormiston presents material in an engaging fashion that helps readers make sense of complex financial information, leading to intelligent (and profitable!) decision-making.

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A comprehensive reference tool for those interested in understanding and interpreting financial statements through a text that prides itself in readability, concise coverage and accessibility. KEY TOPICS: Financial Statements: An Overview; The Balance Sheet; Income Statement and Statement of Stockholders’ Equity; Statement of Cash Flow; A Guide to Earnings and Financial Reporting Quality; The Analysis of Financial Statements MARKET: The text gives readers the conceptual background and analytical tools necessary to understand and interpret business financial statements