Financial Statement Analysis (ISBN 0072536519)

Best Financial Statement "Analysis" Book Out There:
This book is exactly what it is titled. It is written for the equity analyst, to educate on how to analyze sophisticated financial statements. It is not written for an average investor or anyone not in this line of work. It is a textbook, not a paperback "how to invest" publication. Students with minimal accounting and finance experience should stay away. If, however, you are a finance professional looking to improve your ability to interpret (not create) financial statements, this book is the best available that I have seen. It segregates analysis into areas such as short-term liquidity, cash flow (using FAS 95), capital structure, return on investment, asset utilization, operating performance, etc., -and- how to meld these areas of analysis to uncover strengths and red flags. Again, this book is not for amateurs or even accountants. It is for current or aspiring professional analysts.

Worthless book...:
In my opinion this book does not provide any guidance or comprehension for the student. it is not easy to understand the complicated equations - most of which do not apply to companies in the Gulf. the chapters are long and useless in the course of understand the topics. the problems and exercises are comprehensive but there are no answers at the end of the book to guide the student to the right answer. Due to the fact that the professor doesn't find the book comprehendible he just read the slides to us and left our questions unattended. In conclusion, this book is worthless to any business student and doesn't even deserve a one-star rating.

Not for dummies:
Detailed, comprehensive review of basic and more advanced topics in accounting and financial analysis. Best suited for graduate level studies, and for students completed the beginner-level classes in financial accounting. This book is not self-explanatory and induces students to think analytically. It is not aimed at those who simply want to know, but those who try to understand, those who try to get to the root of the issues. If you don't mind to read the same chapter a few times, and willing to spend long hours working on problems you will find this book very rewarding. It will not only provide you with current developments in accounting, but it will teach you to think like a financial analyst. I won't recommend using this book without an instructor, or at very least a solution's manual.

good intermediate text - should be updated:
a good book...not for beginners...requires good fundamental understanding and appreciation of corporate finance. Positives - good explanations of concepts; detailed examples; very good presentation Deltas - cost;

Not for dummies:
Detailed, comprehensive review of basic and more advanced topics in accounting and finance. Best suited for graduate level studies, and for students completed the beginner-level classes in financial accounting. This book is not self-explanatory and induces students to think analytically. It is not aimed at those who simply want to know, but those who try to understand, those who try to get to the root of the issues. If you don't mind to read the same chapter a few times, and willing to spend long hours working on problems you will find this book very rewarding. It will not only provide you with current developments in accounting, but it will teach you to think like financial analyst. I won't recommend using this book without an instructor, or at very least a solution's manual.