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 | | Financial Reporting and Statement Analysis by Clyde P. Stickney, Paul R. Brown ISBN-10: 0030238110 ISBN-10: 0-03-023811-0 ISBN-13: 9780030238116 ISBN-13: 978-0-03-023811-6 Hardcover 1998-08-19 Dryden Pr Find Lowest Price |
Editorials | ||
Book Description Text premise is that students learn financial statement analysis most effectively by performing the analysis on actual companies. Students learn to integrate concepts from economics, business strategy, accounting, and other business disciplines. Text is designed for courses on financial reporting found in accounting, finance, and economics departments. Suitable for both capstone and MBA courses. | ||
Reviews | ||
Thorough treatment of financial statement analysis Stickney's book is not for beginners to the subject, as I believe many of those who have rated the book poorly have found. For those with some background in basic accounting however, it is indispensable. | ||
Great book for FSA I'm a rising second year MBA student at one of the prominent business schools. I used this book as one of the text books for FSA class after basic accounting and footnote accounting classes. This book is very useful in bringing the picture together to analyze and model a company. It is very practical. I have used it as a reference throughout my internship at an investment management firm. I have read a few other books on security analysis and financial reporting. Most do a great job in discussing the individual topics but don't help in how to apply them in building a model. This book assumes that you know your accounting basics as well as in depth knowledge of certain accounting topics e.g. Revenue recognition issues, securitization, etc. This book does a great job in going through the steps when your boss asks you to analyze a company, prepare its model and do a pro-forma. The authors used the real world example of a complicated company (Pepsi) to demonstrate the FSA steps. This was invaluable. The only reason I gave this book a 4 star is that I'd like to have seen a better job on Industry Analysis. But, nevertheless, it is a very useful book. This is definitely not for hobbyist. As the expensive price indicates, the authors are targetting this book towards business school students who, because of already high 100+k opportunity cost of attending b-school, would not balk at paying a hefty sum to fill in a definite gap amongst FSA books. This book fills that gap well. | ||
Don't judge this book by its cover! Not for beginners, but definitely for the future accounting professionals This is a very highly detailed accounting book. It is definitely not designed for novices. If you already have a good beginning foundation in accounting, this book is an excellent sequel to help you better fine tune and master those accounting skills! | ||
Excellent Treatment of Financial Statement Analysis I bought this book for my MBA financial stmt analysis class despite a couple of negative reviews here on amazon. I'm glad I did. Contrary to what some have said I found the book to be very well organized - I read it straight through, and now I use it as a reference. It provides a great overview of of statement analysis and does a great job of examining the accounting theory that goes into those statements. This book is definately not for someone who hasn't had any accounting courses previously though - it assumes some level of understanding of basic accounting concepts, which may explain why a couple of the reviewers found it confusing. This is not for you if you are an "investment hobbyist" without much prior accounting. If you're looking to go beyond the basics of debits and credits and need to develop a better understanding of financial statements, this will do it for you. The only thing I would like to have seen is some of the more advanced topics addressed since that seems to be lacking in all fin stmt analysis books out there, but I suppose the book is long enough as it is at 1100 pages! | ||
Expensive but Confusing If you would like to learn more about Financial Statement Analysis, this should probably not a right book of you. The author have put many simple ideas into complicated words, not to mention the poor demonstration of cases. The examples are based on too much assumptions, but the basis for these assumptions are not clearly explained (which should be one of the most crucial parts). In addition, the questions in the "industry analysis" are set by the answer, (that means he already know company A is an airline, company B is a computer manufacturer, then he merely give the financial statements to you, and analyse it as if he doesnt know which company was in which industry), so he must be able find his way to draw his conclusion--that A's statement is A, B's statement is B, no matter how similar the two statements are. Ridiculous! By the way, What you can learn from this book can be found on the internet, without charge. The book does not deserve its price. | ||