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Understanding Financial Statements, 5/e

Understanding Financial Statements
(order desk copy)

Lyn M. Fraser, Mesa State College
Aileen Ormiston, Mesa Community College

This classic text presents the conceptual background and analytical tools necessary to understand and interpret financial statements. The emphasis throughout is on the evaluation of financial statements and their usefulness for business decision-making rather than on how the financial statements are constructed. Straightforward, understandable, and accessible regardless of students' background, it orients them toward what they will actually encounter in practice. By emphasizing how to solve unstructured problems and how to use accounting information for decisionmaking, it helps students learn how to think and reason through complex, real-world situations.



Features | Table of Contents | Supplements



Features

  • Presents mini-cases using the financial statements (corporate annual reports) of actual companies.
  • Incorporates all new requirements and changes in accounting and reporting standards, including Statement of Financial Accounting Standards No. 115, "Accounting for Certain Investments in Debt and Equity Securities."
  • Contains appendices on earnings quality, segmental analysis, and commercial bank financial statements.
  • This text and its cases are ideal for the new accounting curriculum developed under the auspices of the Accounting Education Change Committee. This curriculum is oriented toward what students will encounter in practice, and helps them learn how to think and reason through complex, real-world situations with an emphasis on solving unstructured problems and using accounting information for decisionmaking.
  • Devotes individual chapters to different types of financial statements.
  • Communicates complex financial accounting and disclosure issues in precise language and uses many examples and illustrations while avoiding unnecessary detail.
  • Includes self-tests, study questions and problems, and a glossary.
NEW TO THIS EDITION:
  • NEW - Provides an additional set of cases which allow students to explore practical and realistic applications of the concepts and analytical tools presented throughout the text.
  • NEW - Incorporates all new requirements and changes in accounting reporting and standards as well as proposed changes that may affect financial reporting in the future.
  • NEW - Contains resources in the footnotes which may form the basis of a student reading list.


Features | Table of Contents | Supplements | Top


Table of Contents

  1. Financial Statements: An Overview.
  2. The Balance Sheet.
  3. The Income Statement and Statement of Retained Earnings.
  4. Statement of Cash Flows.
  5. The Analysis of Financial Statements.
    Appendix A. A Guide to Earnings Quality.
    Appendix B. The Analysis of Segmental Data.
    Appendix C. Understanding Bank Financial Statements.
    Appendix D. Solutions to Self-Tests.
    Appendix E. Summary of Financial Ratios.
    Appendix F. Glossary.
    Index.


Features | Table of Contents | Supplements | Top


Supplements

Instructor's Manual (0-13-955535-8); (95553-4)

Surfing for Success in Finance (0-13-648460-3); (64846-9)


Features | Table of Contents | Supplements | Top


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