This expert guide to interpreting financial statements and information will give readers the competitive edge they need. This book shows how to accurately evaluate a firm's financial status and make informed investment decisions. It features a comparative analysis of US and international reporting requirements, and the latest methods of financial research.Coverage of new accounting standards (and proposed standards) in the US, as well as IASC and foreign GAAPs.-- An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples.
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THE ANALYSIS AND USE OF FINANCIAL STATEMENTS, THIRD EDITION integrates accounting economic theory, and empirical research to provide a framework for financial statement analysis in a user–oriented context. Co–written by academics and practitioners, this is the only text that reaches students to first understand how financial statements are generated. Principles of analysis are then illustrated through the extensive use of actual corporate financial statements. Features: ∗ NEW cases have been added to the web size to develop students′ research and analytical skills. ∗ Accounting Standards (US and International) have been updated to reflect the latest pronouncements. ∗ Real companies used to illustrate financial analysis techniques. ∗ End–of–chapter problem material based on US and non – US financial statements such as Holmen, Roche & Takada Chemical. ∗ Comprehensive coverage of financial statement analysis tools and techniques. ∗ Companion Web site which includes annual reports of companies featured in the third edition, appendices, cases, plus updates for new financial accounting standards.
Gerald I. White, Grace & White, Inc. Ashwinpaul C. Sondhi, Columbia University Haim D. Fried, New York University
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