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Understanding Financial Statements (8th Edition)

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Understanding Financial Statements (8th Edition)

(17 customer reviews)

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ACOM-INT_book_new_0131878565

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A supplementary text for a variety of Business courses, including Financial Statement Analysis, Principles of Financial Accounting, Intermediate Accounting, Investments, Personal Finance, and Financial Planning and Analysis.

Understanding Financial Statements, retains its reputation for readability, concise coverage, and accessibility while incorporating the many new requirements and changes in accounting reporting and standards. The text gives students the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve students' ability to translate financial statement numbers into a meaningful map for business decisions and thus enable each student to approach financial statements with enhanced confidence.

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Product Details

Author:	Lyn M. Fraser
Paperback:	304 pages
Publisher:	Prentice Hall
Publication Date:	April 08, 2006
Language:	English
ISBN:	0131878565
Package Length:	9.1 inches
Package Width:	7.0 inches
Package Height:	0.5 inches
Package Weight:	1.0 pounds
Average Customer Rating:	based on 17 reviews

Customer Reviews

Average Customer Review: 3.5

( 17 customer reviews )
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Most Helpful Customer Reviews

44 of 46 found the following review helpful:

Understanding Financial Statements Jan 25, 2001
This is a wonderful book for those who are new to the world of corporate finance and do not have a working knowledge of the language of finance. The definitions are clear and the examples are easy to understand. The book is thorough in its coverage of balance sheet, income statements, statements of retained earnings, and cash flow, and explains how to uncover hidden problems in review of a firm's financial statements. This is a great book for students and those who want to have the mysteries of the financial report revealed.

7 of 7 found the following review helpful:

You'll keep this close to your side for years to come... Feb 08, 2006 By FredCritic

I purchased the fifth edition of this book back in 1997 and still have it. I work through it, from start to finish, every three months in order to keep myself fresh and thoroughly knowledgeable about income statements, balance sheets, and cash flows. The exercises are challenging enough to require you to do a little extra research and thinking on your own, i.e., not everything in the questions can be answered by consulting the book. IMPORTANT NOTE TO PROSPECTIVE PURCHASERS OF THIS BOOK: You will have difficulty thoroughly understanding this material unless you have at least a year of financial accounting coursework under your belt. Although I already had 8 accounting courses under my belt by the time I purchased this book, it helped me understand financials like I had never understood them before. A very useful text for those interested in the analysis of, particularly, the income statement and the balance sheet.

3 of 3 found the following review helpful:

Explanations? There are none. Feb 01, 2011 By SaraMaye
This book may be readable, but as for any type of understanding with the case questions at the end of the chapters, forget it. I purchased this book because I had to, and I have yet to understand what they expect right away. I've had to e-mail my professor almost every time because the book doesn't explain what it's really looking for. There's no way I would even touch this book to learn about accounting if I didn't have to. My professor even admits it's not a very good text.

2 of 3 found the following review helpful:

Poor supplementary materials Nov 02, 2010 By Mark A. Glenn
The book reads extremely well. However, since one of the "goals" of the text is to assist persons wanting to learn the basic material on their own, then the answers to the supplementary cases, problems, etc., at the end of each chapter should be made available for either purchase or similar type problems should be made available (with the answers). When I contacted the publisher (Pearson) they sent me to the Pearsonstore to purchase student supplements. These supplements were in no way related to the book in question, and it appeared the publisher was unloading outdated stock onto unsuspecting purchasers.

People if your going to publish a book that has additional questions, cases and problems for people to do, and state that the book can serve as a "stand alone text" for those wanting to utilize it, then make the answers available. Yeah there are "multiple guess" questions available with answers, however the learning by doing part comes from answering the cases, problems and additional exercises listed at the end of each chapter after the "multiple guess" questions. If not, then why make the book available for purchase. At that point it becomes a ruse. Thank God I purchased it on the Amazon site and not on Pearson's at the outrageous price of $99.

Hence my reason for the one star.

Love it Nov 04, 2009 By Supraman
This book cuts to the chase of how to read and understand financial statements. It provides in depth details and examples with very clear explanation. Would recommend this book to anyone who is interests in trying to understand what a financial statement is and what it tells about a company performance.

See all 17 customer reviews on Amazon.com