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Fraser and Ormiston take readers 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 readers the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve readers' ability to translate financial statement numbers into a meaningful map for business decisions and enable each reader to approach financial statements with enhanced confidence.
- Sales Rank: #23039 in Books
- Brand: Brand: Prentice Hall
- Published on: 2012-01-27
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .50" w x 7.30" l, .86 pounds
- Binding: Paperback
- 304 pages
- Used Book in Good Condition
Most helpful customer reviews
47 of 51 people found the following review helpful.
Understanding Financial Statements
By A Customer
This is a wonderful book for those who are new to the world of corporate finance and do not have a working knowledge of the language of finance. The definitions are clear and the examples are easy to understand. The book is thorough in its coverage of balance sheet, income statements, statements of retained earnings, and cash flow, and explains how to uncover hidden problems in review of a firm's financial statements. This is a great book for students and those who want to have the mysteries of the financial report revealed.
11 of 12 people found the following review helpful.
You'll keep this close to your side for years to come...
By FredCritic
I purchased the fifth edition of this book back in 1997 and still have it. I work through it, from start to finish, every three months in order to keep myself fresh and thoroughly knowledgeable about income statements, balance sheets, and cash flows. The exercises are challenging enough to require you to do a little extra research and thinking on your own, i.e., not everything in the questions can be answered by consulting the book. IMPORTANT NOTE TO PROSPECTIVE PURCHASERS OF THIS BOOK: You will have difficulty thoroughly understanding this material unless you have at least a year of financial accounting coursework under your belt. Although I already had 8 accounting courses under my belt by the time I purchased this book, it helped me understand financials like I had never understood them before. A very useful text for those interested in the analysis of, particularly, the income statement and the balance sheet.
4 of 4 people found the following review helpful.
bleh
By DivaDay
We used this book for class and sometimes it was very helpful and other times not so much. If you are not familiar with accounting practices some concepts were difficult to grasp. There were times when I had to Google certain terms to fully understand their meaning.
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