This classic volume presents the conceptual background and analytical tools necessary to understand and interpret financial statements. The emphasis throughout is on the evaluation of financial statements and their usefulness for business decision-making—rather than on how the financial statements are constructed. Straightforward, understandable, and accessible--regardless of readers' background--it orients them toward what they will actually encounter in practice. By emphasizing how to solve unstructured problems and how to use accounting information for decision-making, it helps them learn how to think and reason through complex, real-world situations. Includes mini-cases using the financial statements of actual companies. The Balance Sheet; The Income Statement and Statement of Stockholders' Equity; Statement of Cash Flows; The Analysis of Financial Statements; A Guide to Earnings Quality; The Analysis of Segmental Data; Understanding Bank Financial Statements. For investors and others who make decisions based on the analysis of financial statements.

Understanding Financial Statements

Business & Money

Ormiston, Aileen

Fraser, Lyn M.

Accounting

Pearson Education Prentice Hall

This accessible book presents conceptual background and analysis tools for understanding and interpreting financial statements while emphasizing financial statement evaluation and using them for business decision-making.
This book helps readers think and reason through complex, real-world situations while emphasizing solutions for unstructured problems, using accounting information for decision-making. Devoting individual chapters to different financial statements, it communicates complex financial accounting and disclosure issues in precise language, avoiding unnecessary detail. Presents the financial statements (annual reports) of actual companies. Incorporates new requirements and changes in accounting and reporting standards. The fifth edition of Understanding Financial Statements has been updated to include new requirements and changes in accounting reporting and standards as well as proposed changes that may affect financial reporting in the future. Provides additional cases which allow readers to explore practical and realistic applications of concepts and analytical tools throughout the book.

Prentice-Hall

Understanding financial statements

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