Description

A supplementary text for a variety of Business courses, including Financial Statement Analysis, Investments, Personal Finance, and Financial Planning and Analysis.

An Analytical Approach to Understanding and Interpreting Business Financial Statements

Understanding Financial Statements improves the student’s ability to translate a financial statement into a meaningful map for business decisions. The material covered in each chapter helps students approach financial statements with enhanced confidence and understanding of a firm’s historical, current, and prospective financial condition and performance. The Eleventh Edition includes new case studies based on existing companies and enhanced learning tools to help students quickly grasp and apply the materials. Fraser and Ormiston presents material in an engaging fashion that helps readers make sense of complex financial information, leading to intelligent (and profitable!) decision-making.

Features

Valuable Resources Enhance Student’s Understanding of Key Topics

• NEW! Learning objectives have been added to all chapters.
• NEW! The test bank has been completely revised, and problems with solutions have been added to the website.
• Problems in writing skills, Internet, research, and Intel offer students the opportunity to analyze a real, high-tech company throughout the text.
• Comprehensive analysis problems at the end of each chapter based on the Eastman Kodak 2007 Form 10-K and Annual Report illustrate how to complete a financial statement analysis using the template available online www.prenhall.com/fraser.
• Footnotes throughout the text provide resources that may be used by instructors to form the basis of a reading list for students.
• A glossary of key terms is available in the index.
• Examples, study questions, and problems illustrate accounting concepts and the current accounting environment.
• Self-tests with solutions are provided at the end of chapters for students to monitor their progress.

Updated Information Help Students Stay Current with Today’s Accounting Principals

• NEW! Chapter 1 now includes a section on the characteristics, assumptions, principles, and basis of accounting.
• NEW! Chapter 2 has an expanded section on types of long-term debt.
• NEW! Up-to-date cases based on real-world companies have been added to each chapter. Spoiler alert: look for Facebook in Chapter 5!

NEW! International accounting rules (IFRS) are discussed in relation to relevant topics in each chapter, and Chapters 2–5 include a comprehensive case of an international firm (Hydrogenics, a Canadian company).

New to this Edition

• Learning objectives have been added to all chapters.
• The test bank has been completely revised, and problems with solutions have been added to the website.
• Chapter 1 now includes a section on the characteristics, assumptions, principles and basis of accounting.
• Chapter 2 has an expanded section on types of long-term debt.
• Up-to-date cases based on real-world companies have been added to each chapter. Spoiler alert: look for Facebook in Chapter 5!
• International accounting rules (IFRS) are discussed in relation to relevant topics in each chapter, and Chapters 2–5 include a comprehensive case of an international firm (Hydrogenics, a Canadian company).

Table of Contents

• Preface to the Eleventh Edition
• Organization of the Eleventh Edition
• Uses for the Eleventh Edition
• Acknowledgments
• About the Authors
• Financial Statements: An Overview
• The Balance Sheet
• Income Statement and Statement of Stockholders’ Equity
• Statement of Cash Flows
• The Analysis of Financial Statements
•  Appendixes
• A.  Summary of Financial Ratios
• B.  Solutions to Self-Tests
• C.  Glossary
• Index