Ormiston A.M., Fraser L.M. Understanding Financial Statements

10th edition. — Prentice Hall, 2012. — 304 p.Fraser and Ormiston take readers behind the financial reports to assess the real financial condition and performance of U.S. companies.Understanding Financial Statements retains its reputation for readability, concise coverage, and accessibility, and gives readers the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve readers' ability to translate financial statement numbers into a meaningful map for business decisions and enable each reader to approach financial statements with enhanced confidence.A comprehensive reference tool for those interested in understanding and interpreting financial statements through a text that prides itself in readability, concise coverage and accessibility.
Key Topics: Financial Statements: An Overview; The Balance Sheet; Income Statement and Statement of Stockholders’ Equity; Statement of Cash Flow; A Guide to Earnings and Financial Reporting Quality; The Analysis of Financial Statements
Market: The text gives readers the conceptual background and analytical tools necessary to understand and interpret business financial statements