Financial Reporting and Statement Analysis: A Strategic Approach [Hardcover]

Clyde P. Stickney (Author), Paul Brown (Author), James M. Wahlen (Author)

Book Description

ISBN-10: 032418638X | ISBN-13: 978-0324186383 | Publication Date: July 18, 2003 | Edition: 5

The premise of the text is that one learns financial statement analysis most effectively by performing the analysis on actual companies. One will learn to integrate concepts from economics, business strategy, accounting, and other business disciplines. The text is designed for financial statement analysis and financial reporting found in accounting, finance, and economics departments.

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.

Product Details

• Hardcover: 1104 pages
• Publisher: South-Western College Pub; 5 edition (July 18, 2003)
• Language: English
• ISBN-10: 032418638X
• ISBN-13: 978-0324186383
• Product Dimensions: 9.4 x 7.7 x 1.6 inches
• Shipping Weight: 3.7 pounds (View shipping rates and policies)
• Average Customer Review: 3.2 out of 5 stars  See all reviews (14 customer reviews)
• Amazon Best Sellers Rank: #1,103,611 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!