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

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

Editorial Reviews

Product Description
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.

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: 1152 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 (View shipping rates and policies)
• Average Customer Review: 2.2 out of 5 stars See all reviews (9 customer reviews)
• Amazon.com Sales Rank: #21,079 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

8 of 10 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)

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.

2 of 2 people found the following review helpful:

4.0 out of 5 stars A good try, January 12, 2008

By	Qiong Sun (NYC, NY USA) - See all my reviews (REAL NAME)

We have used this book for the Accounting II class last term. It is not bad, though a little bit complicated. Since I was with an accounting major in undergraduate, it is not tough for me.

I guess the author is trying to help you to consider the complicated accounting treatment with the underlying business strategy. Meanwhile, probably he assumes a familiarity with accounting basics of the readers.

Overall it is a pretty good text for graduate program I think. Also, you have to pay more efforts to understand it well if without an accounting background.

1 of 1 people found the following review helpful:

1.0 out of 5 stars Needs Editing, December 8, 2008

By	C. Goodwin (Fairfax, VA) - See all my reviews (REAL NAME)

I am a finance major and understand WACC, CAPM, and valuation very well. Unfortunatly, this book needs major editing. The only thing I can think is that Stickney, Brown, and Wahlen are all business people with little writing ability. They know what they are talking about but need to find an editor with accounting knowledge to lighten the verbage. There is no reason this book should be 1000 pages. It's a great intro into valuation but makes even the most seasoned finance majors scratch their heads sometimes.