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Understanding Financial Statements, 8/E
Lyn M. Fraser
Aileen Ormiston

ISBN-10: 0131878565
ISBN-13: 9780131878563

Publisher: Prentice Hall
Copyright: 2007
Format: Paper; 304 pp
Published: 03/29/2006

Suggested retail price: $68.00
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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.

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.

 

 

Q. Do you find students struggling when working with financial statements?

 

A. Fraser provides them with a concise supplement that presents tools for better underdstading of financial statements numbers giving students more confidence when tackling problems on the financial statements.

 

Q.Are you looking for ways to include coverage of the recent changes in accounting reporting and standards in your course? 

 

A. Fraser povides a concise guide to understanding financial statements and provides coverage of the new reporting requirements and standards.

 

NEW! Updates of new financial reporting requirements are included, as well as changes required by the Sarbanes-Oxley Act.

 

NEW! Examples are provided throughout the chapters to illustrate accounting concepts and the current accounting environment.

 

MORE Extensive discussion of analysis of accounts receivable and the allowance account has been added to Chapter 2.

 

NEW! Calculating and analyzing gross profit margin for companies with multiple revenue sources is now covered in Chapter 3.

 

NEW CHAPTER! Chapter 5 has been added to cover the quality of earnings and financial reporting.  This chapter has been placed before the final chapter that covers a comprehensive financial statement analysis.

 

NEW! The appendix covering segmental analysis has been placed as an appendix to Chapter 6, which covers financial statement analysis.

 

NEW! The two end-of-chapter cases have been completely revised with new and more recent company information.

 

NEW! A new research problem has been added to each chapter.

 

The comprehensive problem using Intel has been updated to the most recent annual report available, 2004.

 

A second comprehensive problem has been added to the textbook using the Eastman Kodak Annual Report, 2004.  This problem illustrates the use of the financial statement analysis template available to users of the book at www.prenhall.com/fraser. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 1. Financial Statements: An Overview.


 2. The Balance Sheet.


 3. Income Statement and Statement of Stockholders' Equity.


 4. Statement of Cash Flows.


Appendix 4A: Statement of Cash Flows–Direct Method.

 

 

5. A Guide to Earnings and Financial Reporting Quality.


 6. The Analysis of Financial Statements.


Appendix 6A. The Analysis of Segmental Data.


Appendix A. Summary of Financial Ratios.


Appendix B. Solutions to Self-Tests.


Appendix C. Glossary.

 

For Undergraduate Corporate Finance


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