Financial Statement Analysis


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Praise for Financial Statement Analysis FOURTH EDITION "I love this book. It helps to develop the questioning mind—the mind of a financial detective. It teaches the art of skepticism and critical thinking. Readers go beyond definition and calculation and learn interpretation." —Philip L. Cooley, PhD, Prassel Distinguished Professor of Business, Trinity University "Over my decades of involvement with high-yield bonds, Marty Fridson has been the leading speaker of truth. As he so accurately states in Financial Statement Analysis, the credit investor is required to engage in a game of cat-and-mouse with company management's intent on minimizing their cost of capital by putting a positive gloss on their financial statements. The Fourth Edition of Marty's terrific book is the bible on how to detect and deal with these efforts." —Howard Marks, Chairman, Oaktree Capital Management "Financial Statement Analysis is a unique text; it combines great academic work with numerous real-life examples to form a highly useful reference for equity investors, debt holders, and investors who straddle both asset classes. Whether you are an investor, an investment advisor, or a teacher, Financial Statement Analysis will prove very valuable." —Margaret M. Cannella, former head of Global Credit Research, J.P. Morgan and Adjunct Professor, Columbia Business School "Marty has seen it all! He has had a front-row seat to see the birth, death, and rebirth of the high-yield bond market . . . several times over! In the Fourth Edition of Financial Statement Analysis, Marty clearly demonstrates that despite the enactment of Sarbanes-Oxley in 2002, and other attempts to curtail abuse of the system, one needs a critical analytical eye to be certain that management is not trying to obfuscate the truth. The case studies provide excellent and timely examples of some of the techniques that companies have used to mislead investors." —Edward Z. Emmer, former global head of Corporate and Government Ratings and Equity Research, Standard & Poor's "Those who read financial statements without understanding the strategic context in which they are written will land on the losing end of the gripping episodes with which bond-market legend Marty Fridson illustrates in the Fourth Edition of his classic reference, Financial Statement Analysis. And all of us who depend on the markets sending capital to its best use should hope that investors read this book first." —David Musto, Professor of Finance, the Wharton School of the University of Pennsylvania "This book rightly urges resolute skepticism when inspecting financial statements. Its great value, though, is in the plain-spoken stripping down of real-world and illustrative examples that show how to see past the numbers to the practicalities and incentives behind them—and so help analysts and journalists alike ask the right questions." —Richard Beales, Assistant Editor, Reuters Breakingviews

Product Details :

Author by Martin S. Fridson
Genre eBook Business & Economics
Read Book 400
ISBN Number 9780470635605

The Basics Of Understanding Financial Statements


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The purpose of this book is to help readers understand the basics of understanding financial statements. Material covered includes a step-by-step instruction on how to read and understand the balance sheet, the income statement, and the cash flow statement. It also covers information about how these three statements are interconnected with one another.

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Author by Mariusz Skonieczny
Genre eBook Business & Economics
Read Book 113
ISBN Number 0984849009

Financial Statements


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Provides an introduction to financial accounting for non-financial managers by way of a transaction-based, business training tool. Includes real-life examples of how financial statements are built and how they interact to present a true financial picture of the enterprise.

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Author by Thomas R. Ittelson
Genre eBook Business & Economics
Read Book 285
ISBN Number 9781601630230

Consolidated Financial Statements


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This reference covers the basic and fundamental accounting techniques required to compile consolidated financial statements covering the operations of enterprises, which at the end of their financial year have a subsidiary or subsidiaries under their control and/or subsidiaries and associated companies as set forth in the International Accounting Standards IAS 27, IFRS3, and IAS28. Of particular use to practitioners and students in developing countries, the text employs a building-block approach to gradually introduce topics of increasing complexity and contains practical examples of how compliance with international accounting standards can be achieved and how outcomes can be determined. Also included are tutorial exercises with suggested solutions.

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Author by Mfandaidza Reuben Hove
Genre eBook Business & Economics
Read Book 258
ISBN Number 070217162X

Analysis Of Financial Statements


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The fully update Third Edition of the most trusted book on financial statement analysis Recent financial events have taught us to take a more critical look at the financial disclosures provides by companies. In the Third Edition of Analysis of Financial Statements, Pamela Peterson-Drake and Frank Fabozzi once again team up to provide a practical guide to understanding and interpreting financial statements. Written to reflect current market conditions, this reliable resource will help analysts and investors use these disclosures to assess a company's financial health and risks. Throughout Analysis of Financial Statements, Third Edition, the authors demonstrate the nuts and bolts of financial analysis by applying the techniques to actual companies. Along the way, they tackle the changing complexities in the area of financial statement analysis and provide an up-to-date perspective of new acts of legislation and events that have shaped the field. Addresses changes to U.S. and international accounting standards, as well as innovations in the areas of credit risk models and factor models Includes examples, guidance, and an incorporation of information pertaining to recent events in the accounting/analysis community Covers issues of transparency, cash flow, income reporting, and much more Whether evaluating a company's financial information or figuring valuation for M&A's, analyzing financial statements is essential for both professional investors and corporate finance executives. The Third Edition of Analysis of Financial Statements contains valuable insights that can help you excel at this endeavor.

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Author by Pamela Peterson Drake
Genre eBook Business & Economics
Read Book 352
ISBN Number 9781118331910

Analysis And Interpretation Of Financial Statements


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Financial statements give invaluable insights into the performance and future potential of a business. But they do not evaluate the accounting results they reflect. This book offers practical insights into the essential information that financial statements reflect.

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Author by Marius Koen
Genre eBook Business & Economics
Read Book 136
ISBN Number 0702151823

Accounting Irregularities In Financial Statements


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Accounting irregularities are at the heart of those kinds of frauds that hit financial statements and include misstatement, misclassification as well as misrepresentation. This book provides an in-depth practical reference for those professionals who need to understand, prevent and combat against accounting irregularities in financial statements.

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Author by Benny K. B. Kwok
Genre eBook Business & Economics
Read Book 209
ISBN Number 0566086212

Analysis Of Financial Statements


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Financial statements capture and report on four key business activities: planning, financing, investing, and operating activities. To intelligently understand, analyze, and interpret financial statements you must look for the right information, know where to locate it, and then act swiftly on the findings. Analysis of Financial Statements provides the essential concepts and tools needed by analysts who make decisions on the basis of information found in financial statements. This book offers a comprehensive approach to understanding financial statements, from sources of financial information and the three basic types of statements to the various measures that common stock and equity analysts can use to assess a company. Analysis of Financial Statements also includes examples of real world applications from practicing analysts plus review questions at the end of each chapter.

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Author by Pamela P. Peterson
Genre eBook Business & Economics
Read Book 286
ISBN Number 1883249597

How To Read Financial Statements


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By setting out and explaining the financial statements of a fictitious company, Manufacturing Company Limited, the author helps people with no accounting knowledge to understand the basic concepts of accounting disclosure and to appreciate their value.

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Author by Hugh Becker
Genre eBook Business & Economics
Read Book 54
ISBN Number 0702151947

How To Use Financial Statements A Guide To Understanding The Numbers


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Includes an overview of financial statements, an introduction to the accrual concept, explanations of profit and loss, cash flows and balance sheets, and an overview of special inventory valuation and depreciation reporting.

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Author by James Bandler
Genre eBook Business & Economics
Read Book 147
ISBN Number 078630197X