{"product_id":"analysis-of-financial-statements-isbn-9781118299982","title":"Analysis of Financial Statements","description":"\u003cb\u003eThe fully update \u003ci\u003eThird Edition\u003c\/i\u003e of the most trusted book on financial statement analysis\u003c\/b\u003e  \u003cp\u003eRecent financial events have taught us to take a more critical look at the financial disclosures provides by companies. In the \u003ci\u003eThird Edition\u003c\/i\u003e of \u003ci\u003eAnalysis of Financial Statements\u003c\/i\u003e, Pamela Peterson-Drake and Frank Fabozzi once again team up to provide a practical guide to understanding and interpreting financial statements. Written to reflect current market conditions, this reliable resource will help analysts and investors use these disclosures to assess a company's financial health and risks.\u003c\/p\u003e \u003cp\u003eThroughout \u003ci\u003eAnalysis of Financial Statements, Third Edition\u003c\/i\u003e, the authors demonstrate the nuts and bolts of financial analysis by applying the techniques to actual companies. Along the way, they tackle the changing complexities in the area of financial statement analysis and provide an up-to-date perspective of new acts of legislation and events that have shaped the field.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAddresses changes to U.S. and international accounting standards, as well as innovations in the areas of credit risk models and factor models\u003c\/li\u003e \u003cli\u003eIncludes examples, guidance, and an incorporation of information pertaining to recent events in the accounting\/analysis community\u003c\/li\u003e \u003cli\u003eCovers issues of transparency, cash flow, income reporting, and much more\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWhether evaluating a company's financial information or figuring valuation for M\u0026amp;A's, analyzing financial statements is essential for both professional investors and corporate finance executives. The \u003ci\u003eThird Edition\u003c\/i\u003e of \u003ci\u003eAnalysis of Financial Statements\u003c\/i\u003e contains valuable insights that can help you excel at this endeavor.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAbout the Authors xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One The Basics 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Introduction 3\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is Financial Analysis? 4\u003c\/p\u003e \u003cp\u003eWhere Do We Find the Financial Information? 8\u003c\/p\u003e \u003cp\u003eWho Gets What Type of Information and When? 10\u003c\/p\u003e \u003cp\u003eWhat Does Sarbanes-Oxley Mean to Companies and Investors? 28\u003c\/p\u003e \u003cp\u003eWhat Does the Dodd-Frank Act Mean for Companies and Investors? 32\u003c\/p\u003e \u003cp\u003eSummary 34\u003c\/p\u003e \u003cp\u003eReview 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Financial Statements 37\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAccounting Principles: What Are They? 37\u003c\/p\u003e \u003cp\u003eWhat Do the Basic Financial Statements Tell Us? 39\u003c\/p\u003e \u003cp\u003eAccounting Flexibility 56\u003c\/p\u003e \u003cp\u003eHow Does Accounting in the United States Differ from Accounting Outside of the United States? 58\u003c\/p\u003e \u003cp\u003eSummary 59\u003c\/p\u003e \u003cp\u003eReview 60\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Quality of Financial Information 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIt’s All in the Timing 65\u003c\/p\u003e \u003cp\u003eToo Many Choices? 76\u003c\/p\u003e \u003cp\u003eSo What’s Their Business? 86\u003c\/p\u003e \u003cp\u003eRestatements and Financial Analysis 87\u003c\/p\u003e \u003cp\u003eTell-Tale Signs 90\u003c\/p\u003e \u003cp\u003eSummary 92\u003c\/p\u003e \u003cp\u003eReview 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Analysis of Financial Statements 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Financial Analysis 101\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Are Financial Ratios and How Do We Use Them? 102\u003c\/p\u003e \u003cp\u003eWhat Are the Different Types of Financial Ratios? 105\u003c\/p\u003e \u003cp\u003eAnalysis of Return-on-Investment Ratios 122\u003c\/p\u003e \u003cp\u003eHow Can We Use Common-Size Analysis to Analyze Financial Statements? 127\u003c\/p\u003e \u003cp\u003eIntegrated Ratio Analysis 130\u003c\/p\u003e \u003cp\u003eWhat Are the Pitfalls and Pratfalls of Financial Ratio Analysis? 137\u003c\/p\u003e \u003cp\u003eSummary 143\u003c\/p\u003e \u003cp\u003eReview 144\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Equity Analysis 147\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEarnings 147\u003c\/p\u003e \u003cp\u003ePrice-Earnings Ratio 158\u003c\/p\u003e \u003cp\u003eDividends 161\u003c\/p\u003e \u003cp\u003eOther Fundamentals 173\u003c\/p\u003e \u003cp\u003eBook-to-Market Ratio 175\u003c\/p\u003e \u003cp\u003eSummary 178\u003c\/p\u003e \u003cp\u003eReview 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Cash Flow Analysis 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasures of Cash Flow 181\u003c\/p\u003e \u003cp\u003eCash Flows and the Statement of Cash Flows 184\u003c\/p\u003e \u003cp\u003eFree Cash Flow 189\u003c\/p\u003e \u003cp\u003eThe Usefulness of Cash Flows in Financial Analysis 196\u003c\/p\u003e \u003cp\u003eSummary 202\u003c\/p\u003e \u003cp\u003eReview 203\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Applying Financial Analysis 205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Measuring Company Performance 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTraditional Performance Measures 210\u003c\/p\u003e \u003cp\u003eMeasures of Value Added 212\u003c\/p\u003e \u003cp\u003eSummary 237\u003c\/p\u003e \u003cp\u003eReview 238\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Corporate Credit Analysis 241\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTypes of Credit Risk 241\u003c\/p\u003e \u003cp\u003eFactors to Consider in Corporate Credit Analysis 252\u003c\/p\u003e \u003cp\u003eSummary 263\u003c\/p\u003e \u003cp\u003eReview 264\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Analysis of Equity Risk Using Fundamentals Factor Models 267\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMeasuring Risk 267\u003c\/p\u003e \u003cp\u003eAsset Pricing Model 271\u003c\/p\u003e \u003cp\u003eFactor Models 275\u003c\/p\u003e \u003cp\u003eFundamental Factor Models 276\u003c\/p\u003e \u003cp\u003eSummary 280\u003c\/p\u003e \u003cp\u003eReview 281\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 The Lessons We Learn 283\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Lessons 288\u003c\/p\u003e \u003cp\u003eThe Future of Financial Analysis in the Post-Crisis Era 298\u003c\/p\u003e \u003cp\u003eReview 299\u003c\/p\u003e \u003cp\u003eAnswers to End-of-Chapter Questions 301\u003c\/p\u003e \u003cp\u003eIndex 305\u003c\/p\u003e   \u003cp\u003e\u003cb\u003ePAMELA PETERSON DRAKE, P\u003csmall\u003eH\u003c\/small\u003eD, CFA,\u003c\/b\u003e is the J. Gray Ferguson Professor of Finance and Head of the Department of Finance and Business Law in the College of Business at James Madison University. Prior to joining James Madison, she was an associate dean and professor of finance at Florida Atlantic University and, previous to that, a professor at Florida State University. She has published articles in numerous journals and collaborated with Frank Fabozzi on the previous edition of this book as well as \u003ci\u003eFoundations and Applications of the Time Value of Money, Capital Budgeting,\u003c\/i\u003e and \u003ci\u003eFinancial Management and Analysis,\u003c\/i\u003e all published by Wiley. She received a BS in accountancy from Miami University and her PhD in finance from The University of North Carolina at Chapel Hill.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eFRANK J. FABOZZI, P\u003csmall\u003eH\u003c\/small\u003eD, CFA, CPA,\u003c\/b\u003e is Professor of Finance at EDHEC Business School and a member of the EDHEC-Risk Institute. Prior to joining EDHEC in August 2011, he held various professorial positions in finance at Yale University's School of Management from 1994 to 2011 and was a visiting professor of finance and accounting at MIT's Sloan School of Management from 1986 to 1992. He is also editor of the \u003ci\u003eJournal of Portfolio Management.\u003c\/i\u003e      \u003c\/p\u003e\u003cp\u003e\u003cb\u003eANALYSIS\u003c\/b\u003e \u003ci\u003eof\u003c\/i\u003e\u003cb\u003e FINANCIAL STATEMENTS\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003eThird Edition\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003eThere is no doubt that the financial crises and scandals of the past few years, as well as the resulting legislation, regulation, and rulemaking, have changed financial analysis. That's why Pamela Peterson Drake and Frank Fabozzi decided to create the \u003ci\u003eThird Edition\u003c\/i\u003e of \u003ci\u003eAnalysis of Financial Statements.\u003c\/i\u003e \u003c\/p\u003e\u003cp\u003eWritten to reflect current market conditions—but remaining true to the structure of previous editions—this reliable resource addresses the changing complexities of this discipline and provides an up-to-date perspective of what it really takes for an analyst or investor to assess a company's financial health and risks. \u003c\/p\u003e\u003cp\u003eThroughout this new edition, the authors demonstrate the nuts and bolts of financial analysis by applying the techniques to actual companies. They set the stage for financial analysis in Part One with discussions of financial statements and the quality of available financial information. In Part Two, they walk you through how to judge a company's financial health using financial statement information in financial ratio analysis, earnings analysis, and cash flow analysis. In Part Three, the authors take analysis a step further by discussing how you can apply what you've learned to equity valuation, credit analysis, and fundamental factor models. \u003c\/p\u003e\u003cp\u003eFilled with in-depth insights and expert advice, the \u003ci\u003eThird Edition\u003c\/i\u003e of \u003ci\u003eAnalysis of Financial Statements\u003c\/i\u003e will help you excel at interpreting today's financial statements and enable you to use this information to make better investment decisions.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988734197989,"sku":"NP9781118299982","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118299982.jpg?v=1761781379","url":"https:\/\/k12savings.com\/products\/analysis-of-financial-statements-isbn-9781118299982","provider":"K12savings","version":"1.0","type":"link"}