Financial Reporting, Financial Statement Analysis, and Valuation: A Strategic Perspective (with Thomson One Access Code) [Hardcover]

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

Book Description

Publication Date: April 4, 2006 | ISBN-10: 0324302959 | ISBN-13: 978-0324302950 | Edition: 6

Stickney/Brown/Wahlen is a balanced, flexible, and complete Financial Statement Analysis book that is written with the premise that students learn financial statement analysis most effectively by performing the analysis on actual companies. Students learn to integrate the concepts from economics, business strategy, accounting, and other business disciplines through the integration of a unique six-step process.

Product Details

• Hardcover: 1128 pages
• Publisher: South-Western College Pub; 6 edition (April 4, 2006)
• Language: English
• ISBN-10: 0324302959
• ISBN-13: 978-0324302950
• Product Dimensions: 10.1 x 8.3 x 1.6 inches
• Shipping Weight: 4.9 pounds
• Average Customer Review: 2.8 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #280,936 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

10 of 13 people found the following review helpful:

1.0 out of 5 stars HORRIBLE BOOK EVER, February 21, 2007

By 

Zhang Minjuan "mj" (MN) - See all my reviews
(REAL NAME)   

This review is from: Financial Reporting, Financial Statement Analysis, and Valuation: A Strategic Perspective (with Thomson One Access Code) (Hardcover)

I am in an MBA program too. I have to use this book as a textbook for the course, Financial Statement Analysis. I have taken Managerial Financing before and done a very good job on that course. But it doesn't help me a lot to understand this terrible book. It isn't that course's fault. I appreciate that I have taken some financing course before I use this book. I can't understand this book very well totally because this book is terrible. Both textbooks for Financing and this course are published by the same publisher, Thomas?..I couldn't believe how different those two books are.

In this book, Pepsi case keeps confusing most readers. Most equations are not highlighted so you can not find them easily and quickly. Homework is not designed for the students who are studying this book but for the authors themselves. Fortunately, our professor sends his master copy to us. It will help us understand homework more, but unfortunately after we have handed in our results.

If anyone who teaches FSA, please do not use this book as your textbook for your students. Pls, pls, pls..Even though you are an expert on accounting or finance, your students will still suffer from your course and almost learn nothing from this TERRIBLE book.

4 of 5 people found the following review helpful:

5.0 out of 5 stars Accolades from a CFA Level 3 candidate, January 9, 2010

By 

Amirshayan Mohammadi (Bay Area, CA) - See all my reviews
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Amazon Verified Purchase

This review is from: Financial Reporting, Financial Statement Analysis, and Valuation: A Strategic Perspective (with Thomson One Access Code) (Hardcover)

I purchased this textbook because I knew that it was being used at Tuck school of business in a second year advanced financial accounting course. Unfortunately this book has received extremely poor reviews in Amazon. When I purchased this book I was intimidated by the bad reviews whether or not I could even understand the material. When the book arrived I read through it. I finished the entire textbook without having any issues about not understanding anything.

I went ahead and contacted the two authors to complement them on such a wonderful, advanced textbook on fundamental security analysis. I also used the FASP spreadsheet to valuate companies.

Granted this book is very advanced and probably not suitable for just any ordinary MBA student. I am going to attend a JD MBA program and am currently a CFA Level 3 candidate. I think this book is really the essence of fundamental security analysis, whether you are working on the proprietary trading desk at Goldman Sachs in a Long / Short strategy, or within a hedge fund, mutual fund like Fidelity, or equity research division of a bulge bracket bank.

This is not an introductory textbook to security analysis or financial accounting. These authors make that clear and have written other textbooks also available on Amazon for introductory lessons to financial accounting. I believe this is one of the best books I have ever read on the subject, a modern day Security Analysis textbook like Graham and Dodd. I noticed that this was the most expensive textbook I have ever purchased, but I feel very strongly that the skills I have reinforced in this textbook will pay a premium for the rest of my career in various capacities as a front office investment professional.

4 of 5 people found the following review helpful:

5.0 out of 5 stars Best book on FSA I have ever read, September 28, 2007

By 

Ms. Qing Xue (Parsippany, NJ United States) - See all my reviews
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This review is from: Financial Reporting, Financial Statement Analysis, and Valuation: A Strategic Perspective (with Thomson One Access Code) (Hardcover)

I like its strategic focus and case-oriented approach. The FSAP is terrific. In this book, financial statements finally found its correct place: describe the strategic decisions made by management. This book is never dry. Instead, it is vivid, fascinating, and a great reading for anyone who is serious with a career in equity research.