by Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
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| List Price: | $149.10 |
| Average Rating: |  |
| Lowest New Price: | $14.95 |
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Product Description
This guide to interpreting financial statements is written from the point of view of financial statement users. It will enable you to make better business and personal investment decisions by understanding how accounting choices affect financial data and how you can adjust reported data to enhance decision making. The book includes comparisons of US with foreign and international accounting standards as well as implications of academic research for financial analysis and decision making. You'll also find discussion and analysis of such timely issues as market value accounting and off-balance-sheet financing techniques. This updated edition emphasizes coverage of international financial reporting.
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Average Customer Review:
0 of 0 people found the following review helpful:
 Very confusing textbook, 2008-05-29
I agree with the more critical reviewers. I'm reading the book for the CFA curriculum and the (mandatory) assignments taken from it are a real pain. The ideas are introduced in the most difficult way possible, the graphical presentation and examples chosen only add to the confusion and in my opinion a reader who does not already have a solid grasp of accounting will simply be unable to follow. By comparison, the other accounting chapters from the CFA curriculum, by different authors, are written in a much more comprehensible (and stimulating) style.
I do not deny that the authors have a profound knowledge of the subject - but this is not enough in order to write a useful textbook. Clarity in presentation and didactical style are also essential, and the authors are unfortunately not very inspired in both items.I hesitated between rating the book with one or two stars but in the end I decided for one star - why be indulgent with authors that are experts in their subject matter but are unwilling (unable?) to put up the extra effort needed in order to keep a reader interested and motivated?
Here's an appeal to the CFA institute - keep the subjects in the curriculum but change the textbook. For instance, "Intermediate Accounting" by Spiceland et alia might be an alternative - it's also quite difficult and demanding but at least the student will be given a fair chance to understand - not just memorize and muddle through- the contents.
0 of 0 people found the following review helpful:
 Great Resource, 2008-04-16
Anyone can benefit from this book. In addition to great credit fundamental instruction, this book is filled with real life examples of financial statement manipulation. This book is a must if you are reviewing financial statements or buying stocks.
1 of 3 people found the following review helpful:
not understandable, 2008-01-28
worst accounting I've ever read so far. It requires knowledge which doesn't make sense for me cuz i think book should provide knowledge for reader. Basically, it doesn't explain a thing. It's not worth for what u pay.
1 of 3 people found the following review helpful:
A Comprehensive and Authoritative Guide, 2007-12-12
"The Analysis and Use of Financial Statements" is a thorough, detailed, comprehensive and authoritative guide on analyzing and using financial statements. This book was a core component of the CFA (Chartered Financial Analyst) study materials when I took the CFA examinations a number of years ago.
This is not a book for beginners. Even for those readers with finance and accounting experience, parts of this book can be challenging. It is a worthwhile, if time-consuming and at times difficult, undertaking to read and digest this book.
For those readers with an interest in learning how to analyze and use financial statements as effectively as possible, this is a good book to read.
0 of 3 people found the following review helpful:
 Excellent supplement to an advanced accounting class, 2007-04-18
This is not a "how-to" book. It offers in-depth reading in the areas that are normally covered in an Advanced Accounting class. I would recommend this book as "further reading" for a student taking such a class but not as a "how-to" book. Each chapter does have some example diagrams and financial statements that illustrate the subject. At the end of each chapter you will find some review exercises, however, there are no answers to those exercises. This fact makes the exercises nothing more than annoying and this is the reason that I took off one star from my rating. If you are looking for a "how-to" book, I would suggest getting the CPA study guide called "Financial Accounting and Reporting" by Wiley.
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