Customer Reviews

Financial Reporting and Statement Analysis: A Strategic Approach

5 star:		(4)
4 star:		(5)
3 star:		(0)
2 star:		(0)
1 star:		(5)

 

 

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

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.

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!

I'm a rising second year MBA student at one of the prominent business schools. I used this book as one of the text books for FSA class after basic accounting and footnote accounting classes. This book is very useful in bringing the picture together to analyze and model a company. It is very practical. I have used it as a reference throughout my internship at an investment management firm.

I have read a few other books on security analysis and financial reporting. Most do a great job in discussing the individual topics but don't help in how to apply them in building a model. This book assumes that you know your accounting basics as well as in depth knowledge of certain accounting topics e.g. Revenue recognition issues, securitization, etc. This book does a great job in going through the steps when your boss asks you to analyze a company, prepare its model and do a pro-forma.

The authors used the real world example of a complicated company (Pepsi) to demonstrate the FSA steps. This was invaluable.

The only reason I gave this book a 4 star is that I'd like to have seen a better job on Industry Analysis. But, nevertheless, it is a very useful book.

This is definitely not for hobbyist. As the expensive price indicates, the authors are targetting this book towards business school students who, because of already high 100+k opportunity cost of attending b-school, would not balk at paying a hefty sum to fill in a definite gap amongst FSA books. This book fills that gap well.

I've taken seven accounting classes as an MBA student and this was the most incomprehensible textbook by far. The writing was difficult to understand, the end-of-chapter problems were impossible, and the typesetting font caused eyestrain. I went so far as to obtain the teacher's supplement, but it was still no aid to understanding. There were CPAs in my class who were confounded by this book.

I first got this book for Financial Statement Analysis college class....I recently bought the 3rd edition..It's mostly the same stuff but the case studies are newer..If you are into ratios and WHAT they mean..Then this book is the book!!...Pretty academic, number crunching stuff though....Not like reading Freakonomics or anything like that...This is an excellent reference book...Don;t let the negative ratings scare you...If you like ripping apart finacial statements..Then get this book..It has the ratio inside the front COVER for crying out loud!! ;)

Stickney's book is not for beginners to the subject, as I believe many of those who have rated the book poorly have found. For those with some background in basic accounting however, it is indispensable.

As a senior executive and MBA student in a top 10 program I found this book to be one of, if not the worse textbook I have ever had to work with. It is nearly impossible to read, it lacks crucial information and explanation of the topic. The exercises are endlessly longwinded, and are not helpful in understanding the material. The presentation, i.e., font and layout are objectionable and make it all the less desirable. This is an expensive book that offered no value whatsoever to my work at learning this material. Others in my program expressed similar views of the book. (If possible I'd give it no stars.)

This is a very highly detailed accounting book. It is definitely not designed for novices. If you already have a good beginning foundation in accounting, this book is an excellent sequel to help you better fine tune and master those accounting skills!

This is good Financial Reporting and Analysis book. Some chapters have been presented in a bit confusing way, overall it deserves good rating.