A supplementary text for a variety of Business courses, including Financial Statement Analysis, Investments, Personal Finance, and Financial Planning and Analysis.
Fraser and Ormiston take students behind the financial reports to assess the real financial condition and performance of U.S. companies.
Understanding Financial Statements, retains its reputation for readability, concise coverage, and accessibility, and gives students the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve students' ability to translate financial statement numbers into a meaningful map for business decisions and enable each student to approach financial statements with enhanced confidence.
Key Features
- Valuable Resources: This text contains everything a student needs to enhance their understanding of key topics including:
- Self-tests at the end of chapters with solutions provided.
- Chapter-end study questions and problems.
- Glossary of key terms available in the index.
- Footnotes: Throughout the text footnotes provide resources that may be used by instructors to form the basis of a reading list for students
- Examples, Study Questions, and Problems: All chapters include coursework that is relevant to today’s student. This material illustrates accounting concepts and the current accounting environment.
- Problems in writing skills, Internet, research and Intel: The problems in this text are based on the 2007 annual report. The Intel problems specifically, offer the student the opportunity to analyze a real, high-tech company throughout the text.
- Comprehensive Analysis Problem: At the end of each chapter, problems based on the Eastman Kodak 2007 Form 10-K and Annual Report illustrate how to complete a financial statement analysis using the template available online.
- Cases: Up-to-date cases based on real-world companies appear throughout this text.
New to This Edition
- Offer students the latest information.
- Material has been added and reorganized to emphasize the importance of financial reporting quality and to provide relevant examples from current corporate reporting.
- Chapter 4 offers new material on cash flow that underlines its importance as an analytical tool. This chapter also enhances the discussion of the usefulness of the statement of cash flows, especially in light of the magnitude and quantity of recent business failures.
- Four new cases based on real-world companies have been added at the end of each chapter, along with new study questions and problems and an updated template for financial statement analysis.
- This edition addresses current issues in financial reporting.
Contents
- Chapter 1: Financial Statements: An Overview.
- Chapter 2: The Balance Sheet.
- Chapter 3: Income Statement and Statement of Stockholders’ Equity.
- Chapter 4: Statement of Cash Flows.
- Chapter 5: The Analysis of Financial Statements.
About the Authors
- Lyn M. Fraser has taught undergraduate and graduate classes in financial statement analysis at Texas A&M University and has conducted numerous seminars on the subject for executive development and continuing education courses. A Certified Public Accountant, she is the coauthor with Aileen Ormiston of Understanding the Corporate Annual Report: Nuts, Bolts, and a Few Loose Screws (Prentice Hall, 2003) and has published articles in the Journal of Accountancy, the Journal of Commercial Bank Lending, the Magazine of Bank Administration, and the Journal of Business Strategies. She has been recognized for Distinguished Achievement in Teaching by the Former Students Association at Texas A&M University and is a member of Phi Beta Kappa.
- Aileen Ormiston teaches accounting in the Business Department of Mesa Community College in Mesa, Arizona. She received her bachelor's degree in accounting from Michigan State University and a master's degree in finance from Texas A&M University. Aileen, prior to embarking on her teaching career, worked in cost accounting and also as an auditor in public accounting. She is a member of the American Institute of Certified Public Accountants and the American Accounting Association. Mesa Community College was one of 13 universities and colleges that received a grant from the Accounting Education Change Commission, and Aileen was actively involved in developing the new accounting curriculum. As a result of her pioneering work in changing accounting education, she was the recipient of the "Innovator of the Year" award from the League for Innovation in the Community College.
Book Details
- Paperback: 304 pages
- Publisher: Prentice Hall; 10 edition (c2013)
- Language: English
- ISBN-10: 0132655063
- ISBN-13: 978-0132655064
- Product Dimensions: 7.4 x 0.6 x 9.1 inches
- List Price: $129.60