Author(s): Pamela Peterson Drake (Author), Frank J. Fabozzi (Author)
Publisher: Wiley
Publication Date: 7 Dec. 2012
Edition: 3rd
Language: English
Print length: 352 pages
ISBN-10: 1118299981
ISBN-13: 9781118299982
Book Description
The fully update Third Edition of the most trusted book on financial statement analysis
Recent financial events have taught us to take a more critical look at the financial disclosures provides by companies. In the Third Edition of Analysis of Financial Statements, 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.
Throughout Analysis of Financial Statements, Third Edition, 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.
Addresses changes to U.S. and international accounting standards, as well as innovations in the areas of credit risk models and factor models
Includes examples, guidance, and an incorporation of information pertaining to recent events in the accounting/analysis community
Covers issues of transparency, cash flow, income reporting, and much more
Whether evaluating a company’s financial information or figuring valuation for M&A’s, analyzing financial statements is essential for both professional investors and corporate finance executives. The Third Edition of Analysis of Financial Statements contains valuable insights that can help you excel at this endeavor.
Editorial Reviews
From the Inside Flap
ANALYSISof FINANCIAL STATEMENTS
Third Edition
There 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 Third Edition of Analysis of Financial Statements.
Written to reflect current market conditionsbut remaining true to the structure of previous editionsthis 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.
Throughout 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.
Filled with in-depth insights and expert advice, the Third Edition of Analysis of Financial Statements will help you excel at interpreting today’s financial statements and enable you to use this information to make better investment decisions.
From the Back Cover
ANALYSISof FINANCIAL STATEMENTS
Third Edition
There 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 Third Edition of Analysis of Financial Statements.
Written 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.
Throughout 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.
Filled with in-depth insights and expert advice, the Third Edition of Analysis of Financial Statements will help you excel at interpreting today’s financial statements and enable you to use this information to make better investment decisions.
About the Author
PAMELA PETERSON DRAKE, PHD, CFA, 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 Foundations and Applications of the Time Value of Money, Capital Budgeting, and Financial Management and Analysis, 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.
FRANK J. FABOZZI, PHD, CFA, CPA, 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 Journal of Portfolio Management.
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