Understanding Financial Statements - Softcover

Fraser, Lyn M.; Ormiston, Aileen

Softcover

ISBN 10: 0136191150 ISBN 13: 9780136191155

Publisher: Pearson, 1997

Synopsis

This classic text 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.

About this title

Review

"My student feedback indicates a sincere appreciation for this text. The freshman marketing major (with no accounting background) found it very easy to read. At the same time, the senior accounting major found it drew material together in a way that he thoroughly enjoyed using it!"-Corolyn E. Clark, Saint Joseph's University "Chapter 5 (The Analysis of Financial Statements) is very well written and organized. It would work well in a beginning Finance class or in a Financial Accounting class."-Richard Brunell, Concordia University "A very detailed discussion on the topic of understanding financial statements."-Ted M. Hammett, Southwestern Oklahoma State University "The greatest strength of this text is it s readability. The writing style is superb. The examples are well chose, explanations are clear."-Solomon S. Smith, Langston University "I use the text in a managerial finance course because it provides an excellent review of accounting, and a concise treatment of financial statement analysis. ...Fraser provides my students with the tools they need."-Eric L. Blazer, Millersville University "The authors display a particularly effective writing style that is interesting and easy to follow."-Charles Fazzi, Robert Morris College

About the Author

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.

Edition details

• Publisher: Pearson
• Publication date: 1997
• ISBN 10: 0136191150
• ISBN 13: 9780136191155
• Binding: Paperback
• Language: English
• Edition number: 5
• Number of pages: 288