Financial Statement Analysis, 8e, by emphasizing effective analysis and decision making, gives readers a competitive advantage in analyzing financial statements in an increasingly competitive market. Financial Statement Analysis, 8e, continues to set the standard (over 7 prior editions) in showing students the keys to effective financial statement analysis - including both accounting analysis (part II) and financial analysis (part III). The book is appropriate for students with broad business interests, as well as those who are majoring in accounting and finance as it clearly shows the relevance of financial statement analysis to all business decision makers. The authors apply 3 important criteria in their writing: (i) Make it relevant; (ii) Draw inferences for business decisions; and (iii) Make it accessible and interesting. In addition, the authors:

1. Use numerous and current "real world" examples

2. Focus on analysis while describing current reporting requirements

3. Apply a concise/succinct writing style

4. Explain securities valuation using financial statement analysis



Table of Contents:

Part One Introduction and Overview

1. Overview of Financial Statement Analysis

2. Financial Reporting and Analysis

Part Two Accounting Analysis

3. Analyzing Financing Activities

4. Analyzing Investing Activities

5. Analyzing Investing Activities: Special Topics

6. Analyzing Operating Activities

Part Three Financial Analysis

7. Cash Flow Analysis

8. Return on Invested Capital

9. Profitability Analysis

10. Prospective Analysis

11. Credit Analysis

12. Equity Analysis and Valuation

Comprehensive Case: Applying Financial Statement Analysis

Appendix A: Financial Statements