Financial Reporting and Statement Analysis [Hardcover]

Clyde P. Stickney (Author), Paul R. Brown (Author)

Book Description

ISBN-10: 0030238110 | ISBN-13: 978-0030238116 | Publication Date: August 19, 1998 | Edition: 4th

The premise of this text is that students learn financial statement analysis most effectively by performing the analysis on actual companies. Important concepts and analytical tools are presented and their applications demonstrated using the financial statements of The Coca-Cola Company. Students learn to integrate concepts from economics, business strategy, accounting, and other business disciplines providing them with a more informed basis for interpreting financial statement ratios. A financial statement analysis package is available to aid in analytical tasks freeing time the analyst can devote to interpretation. The text is perfect for courses on financial reporting found in accounting, finance and economics departments, and is suitable for MBA and upper-level undergraduate courses. Features: * Students more easily grasp financial statement analysis through the integration of Coca Cola's financial statements and notes throughout the text, and through more detailed coverage of the Coca Cola company in the appendices. * Numerous examples in the text-approximately 10 per chapter-are based on the financial information of actual companies. Examples, problems, and cases using companies such as Sun Microsystems, Nokia, Microsoft, and Ericsson are of high interest to students.

Editorial Reviews

About the Author

Clyde P. Stickney is the Signal Companies' Professor of Management, Emeritus at the Amos Tuck School of Business Administration, Dartmouth College. He received his DBA from Florida State University and taught at the University of Chicago and the University of North Carolina at Chapel Hill before joining the Tuck School in 1977. He has also taught at business schools in Japan, Australia, Finland, and Germany. Prof. Stickney has authored and coauthored books on financial accounting, managerial accounting, and financial statement analysis.

Paul R. Brown, Ph.D., CPA is Professor of Accounting and Executive Director, TRIUM Global Executive MBA at the Leonard N. Stern School of Business, New York University. He received his doctoral degree from the University of Texas, Austin and has served on the faculties of the Yale School of Organization and Management and INSEAD. He is the founding editor-in-chief of The Journal of Financial Statement Analysis. The journal is published by Institutional Investor with the objective of enhancing the understanding and interpretation of firm's activities in the context of financial statements.

Professor Brown has published extensively in both The Journal of Financial Statement Analysis and a wide range of other academic and professional publications. Recent research has examined regulatory issues related to auditor independence, and the importance of industry-specific factors when assessing firms in the biotechnology and high technology industries. Prior to entering academe, he worked as an auditor for Arthur Andersen & Co., and as a staff member of the Financial Accounting Standards Board. Professor Brown is a member of both the American Institute of Certified Public Accountants and the American Accounting Association.

James M. Wahlen is Professor of Accounting and Ford Motor Company Teaching Fellow at the Kelley School of Business at Indiana University. He received his doctoral degree from the University of Michigan and has served on the faculties of the University of North Carolina at Chapel Hill and INSEAD before joining the Kelley School of Business faculty in 1997. He has also taught at the University of Washington and Pacific Lutheran University. Professor Wahlen's teaching and research interests focus on financial accounting, financial statement analysis and the capital markets. Recent research investigates earnings quality and earnings management; earnings volatility as an indicator of risk; fair value accounting for financial instruments; accounting discretion and loss reserve estimates by banks and insurers; and stock market efficiency with respect to accounting information, testing the extent to which future stock returns can be predicted with earnings and other financial statement information. His research has been published in a wide array of academic and practitioner journals in accounting and finance. He has had public accounting experience in both Milwaukee and Seattle and is a member of the American Accounting Association. --This text refers to an out of print or unavailable edition of this title.

Product Details

• Hardcover: 944 pages
• Publisher: Dryden Pr; 4th edition (August 19, 1998)
• Language: English
• ISBN-10: 0030238110
• ISBN-13: 978-0030238116
• Product Dimensions: 9.2 x 7.5 x 1.6 inches
• Shipping Weight: 3.6 pounds
• Average Customer Review: 3.2 out of 5 stars  See all reviews (14 customer reviews)
• Amazon Best Sellers Rank: #1,481,155 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

6 of 7 people found the following review helpful:

4.0 out of 5 stars Found the book a nice balance between reporting and analysis, March 24, 1999

By A Customer

This review is from: Financial Reporting and Statement Analysis (Hardcover)

As someone who wants finance, accounting, and strategy all in one book, this does a nice job of integrating things. Current examples are great. Access to solutions to cases would be most helpful

8 of 10 people found the following review helpful:

5.0 out of 5 stars Great book for executives-students, May 15, 1999

By A Customer

This review is from: Financial Reporting and Statement Analysis (Hardcover)

A good book and great resource for someone interested in viewing FSA broadly. The authors do not forget the importance of accounting and reporting to analysis, however. Very current.

6 of 8 people found the following review helpful:

5.0 out of 5 stars Excellent Treatment of Financial Statement Analysis, July 7, 2005

By 

Mr. Clean (New York) - See all my reviews

This review is from: Financial Reporting and Statement Analysis: A Strategic Approach (Hardcover)

I bought this book for my MBA financial stmt analysis class despite a couple of negative reviews here on amazon. I'm glad I did. Contrary to what some have said I found the book to be very well organized - I read it straight through, and now I use it as a reference. It provides a great overview of of statement analysis and does a great job of examining the accounting theory that goes into those statements. This book is definately not for someone who hasn't had any accounting courses previously though - it assumes some level of understanding of basic accounting concepts, which may explain why a couple of the reviewers found it confusing. This is not for you if you are an "investment hobbyist" without much prior accounting. If you're looking to go beyond the basics of debits and credits and need to develop a better understanding of financial statements, this will do it for you. The only thing I would like to have seen is some of the more advanced topics addressed since that seems to be lacking in all fin stmt analysis books out there, but I suppose the book is long enough as it is at 1100 pages!