Analysis and Use of Financial Statements

This expert guide to interpreting financial statements and information will give readers the competitive edge they need. This book shows how to accurately evaluate a firm's financial status and make informed investment decisions. It features a comparative analysis of US and international reporting requirements, and the latest methods of financial research.Coverage of new accounting standards (and proposed standards) in the US, as well as IASC and foreign GAAPs.-- An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples.

A comprehensive survey of theoretical and analytical issues to demonstrate the use of actual financial statement data including the latest developments in financial reporting. Features a comparative assessment of U.S. and international reporting requirements using their financial statements to illustrate essential differences. End-of-chapter material and problems are derived from annual reports of U.S. firms and, where appropriate, foreign companies.