The CPA exam is changing. You need to change as well...to a book that better prepares you for the CPA exam and for business. This is the only book of its kind that demonstrates how to prepare financial reports and then how to analyze what those numbers really mean. Every manager has incentives to present his or her firm in the most favorable light to lenders, equity investors and others. And, every manager wants to use the flexibility allowed by GAAP to manage the firm's earnings to achieve certain goals. Revsine, Collins, and Johnson explain these incentives and help readers spot cases of earnings management, which disguises a firm's true performance. For anyone preparing to take the CPA exam, and for anyone who wants or needs a working knowledge of accounting, financial reporting, and financial statement analysis.
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Most Helpful Customer Reviews
2 of 2 people found the following review helpful:
5.0 out of 5 stars
Great accounting book,
By Mr Finance (Chicago, IL USA) - See all my reviews
This review is from: Financial Reporting and Analysis (3rd Edition) (Hardcover)
Great accounting book. Covers various topics and recent accounting changes and footnotes in excellent detail.
5 of 8 people found the following review helpful:
2.0 out of 5 stars
Almost everything I dislike in a textbook,
By OC (Lodi, NJ) - See all my reviews
This review is from: Financial Reporting and Analysis (3rd Edition) (Hardcover)
This book has many characteristics that I really dislike to see in a textbook.
First, the authors flooded almost every page with extraneous information. When you're learning this stuff, you want it to be explained simply and clearly - but the authors seem more intent on showing you how much they know about some topic, even when that information is tangenital and not very helpful. They don't word things clearly. They'll call the same thing by two different names - (i.e. "Pension Cost" and "Pension Expense") which needlessly adds to the confusion. They'll discuss some topic for several pages without even writing down the basic, relevant journal entry. One of the wordiest, most poorly written accounting books I have ever had the displeasure of studying from.
0 of 2 people found the following review helpful:
3.0 out of 5 stars
Financial Reporting book review,
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This review is from: Financial Reporting and Analysis (3rd Edition) (Hardcover)
Recent Accounting knowledge is a plus when reading this book. A few examples of problem solving would be nice. An answer key to the exercises in each chapter would be helpful too.
You will want a fresh mind & coffee when reading this book!
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