Items related to Understanding Financial Statements
Synopsis
Contents are same as US/UK editions. The text gives students the conceptual background and analytical tools necessary to understand and interpret business financial statements. The authors’ objective is to improve students’ ability to translate financial statement numbers into a meaningful map for business decisions. The text provides a concise guide to understanding financial statements and provides coverage of the new reporting requirements and standards. This comprehensive and student friendly book is illustrated with a large number of Balance Sheets in the form of tables. These along with end of chapter problems with solutions, review questions, a comprehensive glossary, and recommended Web sites, enhance its value as a text. The book would be useful for the students of management, commerce and for those pursuing courses in CA/ICWA. NEW TO THIS EDITION More examples are provided throughout the chapters to illustrate both the accounting con-cepts and the present accounting environment. Extensive discussion of analysis of accounts receivable and the allowance account has been added to Chapter 2. Calculating and analyzing gross profit margin for companies with multiple revenue sources is now covered in Chapter 3. New Chapter is added to cover the quality of earnings and financial reporting. The two end-of-chapter cases have been completely revised with new and more recent company information. A new research problem has been added to each chapter.
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