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 | | The Analysis and Use of Financial Statements by Gerald I. White, Ashwinpaul C. Sondhi, Dov Fried ISBN-10: 0471375942 ISBN-10: 0-471-37594-2 ISBN-13: 9780471375944 ISBN-13: 978-0-471-37594-4 Hardcover 2002-12-18 Wiley Find Lowest Price |
Editorials | ||
Product Description Accounting Standards (US and International) have been updated to reflect the latest pronouncements. * An increased international focus with more coverage of IASC and non-US GAAPs and more non-US examples. | ||
Reviews | ||
Great Resource 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. | ||
not understandable 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. | ||
A Comprehensive and Authoritative Guide "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. | ||
Excellent supplement to an advanced accounting class 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. | ||
"Slogging" Defined OK folks, here's a contrarian review of this book. Consider it an opinion which "balances" other reviews presented in this book review section. Here goes. Webster defines the word "slog" as "to plod one's way perseveringly especially against difficulty; to plod heavily". What an apt description of the effort required to read this book! If you're engaged in the CFA curriculum, this book comes as a recommended (practically required) textbook. That's unfortunate because this book's various authors are inconsistent in making the material readable and understandable. Yes, the book is comprehensive. Chapter topics include: Accrual Concept, Analysis of Cash Flows, Ratio and Financial Analysis, Analysis of Long-Lived Assets, Analysis of Income Taxes, Analysis of Financing Liabilities, Leases and Off-Balance-Sheet Debt, Pensions, Intercorporate Investments, Multinational Operations, and Business Combinations. Great stuff to know - practical matters to understand and master. However, this book presumes a solid understanding of intermediate level accounting, and provides little or no review of these concepts before delving into the topical material. It makes learning more challenging, and when time is of the essence, that's problematic. So I found myself "slogging" through the course material in an effort to learn Level II material. Supplemental reading is often required to make up for what the authors fail to teach effectively. Here's a tip: Schaum's Intermediate Accounting II has an excellent chapter #10 on Pension Accounting which will benefit you in your studies. Likewise, I have found other Schaums's Outlines to be very instructive and beneficial (consider reading my other reviews). The CFA Institute would do well to consider recommending other Financial Analysis textbooks to cover the same material - a book that is more readable and user-friendly. One that's more engaging rather than one which requires heavy plodding! | ||