Financial statement analysis is an essential skill for individuals involved in investment management, corporate finance, commercial lending, and the extension of credit. Over the years, it has become an increasingly complex endeavor, as corporate financial statements have become more difficult to decipher. But with the Fourth Edition of Financial Statement Analysis, you'll learn how to handle the practical challenges that are part of the business.
Written by leading investment authority Martin Fridson and Columbia Graduate Business School Professor Fernando Alvarez, this reliable resource outlines the analytical framework needed to scrutinize financial statements, whether you're evaluating a company's stock price or determining valuations for a merger or acquisition. Fully revised to reflect new concerns and challenges in this field, the Fourth Edition of Financial Statement Analysis will put you in a better position to get past the sometimes biased portrait of a company's performance.
Divided into four comprehensive parts--Reading Between the Lines, The Basic Financial Statements, A Closer Look at Profits, and Forecasts and Security Analysis--this practical guide contains:
* Insights that will allow you to evaluate financial statements effectively in volatile markets and an uncertain economy
* Discussions on properly interpreting balance sheets, income statements, and cash flow statements
* Valuable new case studies of fraudulent reporting
* Tips for maximizing the accuracy of forecasts and a structured approach to credit and equity evaluation
* Revelations about how earnings can be exaggerated or even fabricated
* And much more
All too often, financial statements conceal more than they reveal. But by undertaking genuine, goal-oriented analysis--instead of simply going through the motions of calculating standard financial ratios--you can uncover the true financial condition of a company.
Filled with real-world examples and expertadvice, Financial Statement Analysis, Fourth Edition will help you excel at interpreting financial statements and enable you to use this information to make better business decisions.
An updated guide to the essential discipline of financial statement analysis
In Financial Statement Analysis, Fourth Edition, leading investment authority Martin Fridson returns with Fernando Alvarez to provide the analytical framework you need to scrutinize financial statements, whether you're evaluating a company's stock price or determining valuations for a merger or acquisition.
This fully revised and up-to-date Fourth Edition offers fresh information that will help you to evaluate financial statements in today's volatile markets and uncertain economy, and allow you to get past the sometimes biased portrait of a company's performance.
* Reflects changes in the financial reporting landscape, including issues related to the financial crisis of 2008-2009
* Provides guidelines on how to interpret balance sheets, income statements, and cash flow statements
* Offers information for maximizing the accuracy of forecasts and a structured approach to credit and equity evaluation
Filled with real-life examples and expert advice, Financial Statement Analysis, Fourth Edition will help you gain a firm understanding of the techniques that will help you interpret financial statements, which are designed to conceal more than reveal.
Martin S. Fridson
Finance & Investments Finanz- u. Anlagewesen Institutional & Corporate Finance Institutionelle Finanzplanung