Customer Reviews

Financial Statement Analysis

5 star:		(1)
4 star:		(0)
3 star:		(1)
2 star:		(1)
1 star:		(8)

 

 

This is an awful book. I took a class on accounting principles and this was the first semester that we used this particular book. Many of the check figures for this book were wrong. Even in the teacher's solution, many answers were wrong. It wasn't an easy read either.

If you have class with an instructor that uses this book you better:

A. Hope the instructor is a good teacher and only uses it as a supplement
or
B. Take a different course

Unfortunately, I had/did neither. This book is, in a way, similar to many math textbooks in that it gives relatively mundane and simple analysis in the text, while asking complex hour-plus long financial analysis in the chapter review, leaving the reader to largely fend for his or her self.

I have been using this textbook for a few weeks now in a class at Regis University. It is not an easy read. Full of details without a good layman's explanation of concepts. It assumes a lot of prior accounting knowledge.

Overall, I think the book is full of detail and a little difficult to understand even though I work as a credit analyst. To someone that has not been trained in credit and does not work in credit it might be too much information but it is a good book. This book was recommended to me in a credit course and it is the best book in my collection and surpasses any credit course I took. The book goes in depth but is not really that difficult. There are many CFA AICPA adapted questions at the end of each chapter. The book does not delve into accounting such as T accounts and debits and credits.

If you can get the instructor CD rom, which has all the answers to the questions (there are many at the end of each chapter) then it is well worth the money spent. Most of the answers provide a lot of information. The CD ROM (if you can get it) also has power point slides and all the answers in word form with expected time to finish each question. The book goes from basic in the first few chapters to complex towards the end. There are excellent analyses of capital structure, liquidity, profitability and shows excellent analysis of companies. There is a comprehensive fs analysis at the end for Campbells soup and Dell and it is very well written. Again, you need the CD to get full benefit. At the end of each ch there are numerous questions, exercises, case studies and problems. One chapter's questions can take a week to do.

I agree with a previous comment that some of the answers were wrong but I think for the most part many were right. I think some questions were not answered very well though but most had quite a lot of good information.

The CD rom should not be restricted like it is. It was very annoying to hear that the authors do not allow the students access to the answers. The authors should have insisted to keep the the answers to the questions separate from the test bank.


**Definitely try and get the CD or contact me. I will respond quickly with all the word and ppt docs. Still monitoring...April 2010
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This book is horrible! The chapters are thrown together with no real organization and are way too lengthy. Every week when we go over the answers to the homework, it turns out that five or six of the "teacher's answers" were wrong! I would not recommend this to any professor teaching a financial statements analysis class.

Satisfied with book, delivery and price. Book was listed as used condition; however, it appears it was never used, like-new condition! Thank you.

This is a terrible book on the subject. It deals with FSA in such an abstract way as to shed no light on the subject matter at all. We used this book in a FSA class I took while completing my master's degree and it was, hands down, the worst textbook we used and a complete waste of money.

Text is comprehensive, but format is not optimum
There are limited practical examples that if present would assist in comprehension

This is the worst book ever. Not easy to read and hard follow. The dudes who wrote this book need to get back to English 101. The review questions are ugly, not clear in terms of what they are asking you to do, the data is confuse and the solutions does not even match with teacher's solutions. So please do not buy this book. Save your money to buy a different one.

This is by far, the worst accounting textbook I have ever used. Even with prior accounting knowledge and experience, I found this book extremely hard to read and follow. The writers would spend pages explaining in detail a simple concept (such as what a current asset or liability is) but skip over new and complicated matters in a few brief sentences. The explanations are very high level and impossible to follow at times. To any professors considering this text, please look elsewhere. Your students will be better off without a book at all.