Analysis of Financial Statements (Frank J. Fabozzi Series) [Hardcover]

Pamela P. Peterson (Author), Frank J. Fabozzi CFA (Author)

Book Description

Series: Frank J. Fabozzi Series | Publication Date: May 1999

Financial statements capture and report on four key business activities: planning, financing, investing, and operating activities. To intelligently understand, analyze, and interpret financial statements you must look for the right information, know where to locate it, and then act swiftly on the findings.

Analysis of Financial Statements provides the essential concepts and tools needed by analysts who make decisions on the basis of information found in financial statements. This book offers a comprehensive approach to understanding financial statements, from sources of financial information and the three basic types of statements to the various measures that common stock and equity analysts can use to assess a company. Analysis of Financial Statements also includes examples of real world applications from practicing analysts plus review questions at the end of each chapter.

Editorial Reviews

From the Back Cover

Financial statements capture and report on four key business activities: planning, financing, investing, and operating activities. To intelligently understand, analyze, and interpret financial statements you must look for the right information, know where to locate it, and then act swiftly on the findings.

Analysis of Financial Statements provides the essential concepts and tools needed by analysts who make decisions on the basis of information found in financial statements. This book offers a comprehensive approach to understanding financial statements, from sources of financial information and the three basic types of statements to the various measures that common stock and equity analysts can use to assess a company. Analysis of Financial Statements also includes examples of real world applications from practicing analysts plus review questions at the end of each chapter.

About the Author

Pamela P. Peterson, PhD, CFA is a professor of finance at Florida State University where she teaches undergraduate courses in corporate finance and doctoral courses in empirical research methods. She is an editor of the Contemporary Finance Digest, a publication of the Financial Management Association and CIBC World Markets. Professor Peterson has published articles in journals including the Journal of Finance, Financial Management, and the Financial Analysts Journal. She is the author of Financial Management and Analysis and co-author with David R. Peterson of Company Performance and Measures of Value Added.
Frank J. Fabozzi is editor of the Journal of Portfolio Management and an Adjunct Professor of Finance at Yale University's School of Management. Frank is a Chartered Financial Analyst and Certified Public Accountant. He is on the board of directors of the Guardian Life family of funds and the BlackRock complex of funds. He earned a doctorate of economics from the City University of New York in 1972 and in 1994 received an honorary doctorate of Human Letters from Nova Southeastern University. Frank is a Fellow of the International Center for Finance at Yale University.

Product Details

• Hardcover: 286 pages
• Publisher: Wiley; 1 edition (May 1999)
• Language: English
• ISBN-10: 1883249597
• ISBN-13: 978-1883249595
• Product Dimensions: 9.3 x 6.3 x 0.9 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (4 customer reviews)
• Amazon Best Sellers Rank: #2,838,570 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

4.0 out of 5 stars This is a good start to the subject of financial statement analysis, May 18, 2010

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Joshua S. Michalski "joshuatree" (Chattanooga, TN) - See all my reviews
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This review is from: Analysis of Financial Statements (Frank J. Fabozzi Series) (Hardcover)

This is a great book for those with limited accounting and finance background that would like an introduction to financial statement analysis. It covers a wide variety of topics in accounting and finance and is a good reference book. It is by no means very comprehensive if you are already a well-studied professional/academic in these fields.

4 of 8 people found the following review helpful:

4.0 out of 5 stars how about more discussion of warning signs?, November 12, 2007

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W Boudville (Terra, Sol 3) - See all my reviews
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This review is from: Analysis of Financial Statements (Frank J. Fabozzi Series) (Hardcover)

[A review of the 2nd edition, 2006.]

What clearly separates this second edition from the first is the analysis of certain prominent companies, since 1999. Notably Enron. In a chapter entitled "The Lessons We Learn", Enron occupies a major place. The authors describe how its financial reports were amazingly falsified, for several years. Yet Enron kept getting plaudits from analysts, and insufficient scrutiny, including from regulators.

This is the last chapter in the book, and way too short. Maybe the authors should also have included studies of other huge blowups, like Adelphia and WorldCom. A lengthier discourse about how to try to detect warning signs in reportings might be more useful to readers.

1 of 4 people found the following review helpful:

5.0 out of 5 stars Preparing for CFA, August 23, 2008

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Preparing for CFA "Exam I" (Buffalo, NY) - See all my reviews

This review is from: Analysis of Financial Statements (Frank J. Fabozzi Series) (Hardcover)

I plan to take the first exam of the CFA in December of 2009. This book is part of a series of courses designed to prepare students for these exams. And the book, so far, is excellent. It's very current, up to date, and insightful.