"I feel that the book is excellent for both the student who is preparing for the CPA exam and for the student who is preparing to become an analyst on Wall Street." -- Paul Zarowin, NYU
"This book makes a great tool to teach both Intermediate Accounting as well as Financial Statement Analysis. It is particularly useful as a single text that bridges across both these courses, as we use it at NYU." -- Partha Mohanram, NYU
--This text refers to an out of print or unavailable edition of this title.
From the Back Cover
Financial Reporting and Analysis, Second Edition reveals the truths hidden behind the numbers and shows the pitfalls to avoid when analyzing financial statements. A focus on core topics allows readers to examine the economic and institutional setting for financial reporting, accrual accounting and income determination, structure of the balance sheet and statement of cash flows, essentials of financial statement analysis, the role of financial information in valuation and contracting, receivables, inventories, long-lived assets and depreciation, financial instruments as liabilities, financial reporting for leases, income tax reporting, pensions and postretirement benefits, financial reporting for owners' equity, intercorporate equity investments, statement of cash flows, and an overview of international financial reporting differences and inflation. For anyone whose job includes preparing and analyzing financial statements.