Financial Reporting and Analysis (2nd Edition) [Hardcover]

Lawrence Revsine (Author), Daniel W. Collins (Author), W. Bruce Johnson (Author)

Book Description

ISBN-10: 0130323519 | ISBN-13: 978-0130323514 | Publication Date: July 3, 2001 | Edition: 2

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.

Editorial Reviews

Review

"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.

See all Editorial Reviews

Product Details

• Hardcover: 1006 pages
• Publisher: Prentice Hall; 2 edition (July 3, 2001)
• Language: English
• ISBN-10: 0130323519
• ISBN-13: 978-0130323514
• Product Dimensions: 11.1 x 8 x 1.7 inches
• Shipping Weight: 4.4 pounds
• Average Customer Review: 3.0 out of 5 stars  See all reviews (6 customer reviews)
• Amazon Best Sellers Rank: #2,009,718 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

20 of 22 people found the following review helpful:

3.0 out of 5 stars Unavailable Support Book, February 13, 2001

By 

Dave Anderson (Addison, IL United States) - See all my reviews

This review is from: Financial Reporting & Analysis (Hardcover)

"Financial Reporting and Analysis" by Revsine, Collins, and Johnson is a well written book, but in my opinion, because of Prentice Hall's unwillingness to publish the Student's Solutions Manual, I cannot recommend this book to those who want to learn, or relearn, on their own, the subject that it teaches.

Part of a student's learning process lies in doing the exercises, problems, and cases at the end of each chapter, but how will a student know if he is solving the problems correctly if there are no means with which to compare his answers to? I have visited the publisher's web site, to see if the Student's Solutions Manual is available, and it is not available.

When I learned introductory managerial accounting, I used "Financial and Managerial Accounting", published by South-Western College (http://www.swcollege.com/front.html), and it contained answers to some of the problems within the textbook. I had to learn managerial accounting on my own without a teacher, and this book made that possible. I still have this book, and I use it for reference purposes.

There is no way I can fully learn intermediate accounting on my own with "Financial Reporting and Analysis" because the Student's Solutions Manual is not available. It is similar to shooting with a rifle at a target and not knowing where your bullets are hitting.

20 of 24 people found the following review helpful:

1.0 out of 5 stars Useless without a Solutions Manual, March 22, 2001

By 

"breffni" (Chicago, IL United States) - See all my reviews

This review is from: Financial Reporting & Analysis (Hardcover)

I'm studying for the CPA. I bought the book because it's required for a course in school. But to actually learn for the CPA exam, I'll toss this one aside for one that provides a solutions manual. Authors who withold the manual for the instructors benefit miss a fundamental point about economics - who the customer is. It's the student that the book is written for and it is the student who pays for the course. Breffni University of Chicago

10 of 11 people found the following review helpful:

2.0 out of 5 stars agree with others - needs solutions manual - useless without, September 27, 2001

By A Customer

This review is from: Financial Reporting and Analysis (2nd Edition) (Hardcover)

I agree with those that say this book would be more useful if it came with solutions. Right off in the first chapter, hypothetical situations are presented without any background information in the text. If you haven't had some experience in Accounting, you are going to be left scratching your head. The instructor in my class says that it causes you to think. Hard to think if you have never come close to experiencing anything that is being discussed. Some guidance would be helpful.