Would you like to tell us about a lower price? If you are a seller for this product, would you like to suggest updates through seller support? Written by leading investment authority Martin Fridson and Columbia Graduate Business School Professor Fernando Alvarez, this reliable resource outlines the analytical framework needed to scrutinize financial statements, whether you're evaluating a company's stock price or determining valuations for a merger or acquisition. Fully revised to reflect new concerns and challenges in this field, the Fourth Edition of Financial Statement Analysis will put you in a better position to get past the sometimes biased portrait of a company's performance.
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His current research focuses on the management of cash flows resulting from changes in working capital requirements, the structure of cash flows, and the sources and uses of capital for the entrepreneurial firm. Trust of Boston, and Wells Fargo Bank.
Martin S. Fridson , Fernando Alvarez. Praise for Financial Statement Analysis A Practitioner's Guide Third Edition "This is an illuminating and insightful tour of financial statements, how they can be used to inform, how they can be used to mislead, and how they can be used to analyze the financial health of a company.
Light Harvard Business School "Financial Statement Analysis should be required reading for anyone who puts a dime to work in the securities markets or recommends that others do the same. Rivkin Executive Vice President retired Citigroup Investments "Fridson and Alvarez provide a valuable practical guide for understanding, interpreting, and critically assessing financial reports put out by firms. Their discussion of profits-'quality of earnings'-is particularly insightful given the recent spate of reporting problems encountered by firms.
I highly recommend their book to anyone interested in getting behind the numbers as a means of predicting future profits and stock prices. Stern School of Business, NYU "Let this book assist in financial awareness and transparency and higher standards of reporting, and accountability to all stakeholders. It is thorough, skeptical and extremely practical in its review.
He is a past governor of the Association for Investment Management and Research.
Financial Statement Analysis : A Practitioner's Guide
Financial Statement Analysis: A Practitioner's Guide, Fourth Edition
In Financial Statement Analysis, Fourth Edition , leading investment authority Martin Fridson returns with Fernando Alvarez to provide the analytical framework you need to scrutinize financial statements, whether you're evaluating a company's stock price or determining valuations for a merger or acquisition. This fully revised and up-to-date Fourth Edition offers fresh information that will help you to evaluate financial statements in today's volatile markets and uncertain economy, and allow you to get past the sometimes biased portrait of a company's performance. Reflects changes in the financial reporting landscape, including issues related to the financial crisis of Provides guidelines on how to interpret balance sheets, income statements, and cash flow statements. Offers information for maximizing the accuracy of forecasts and a structured approach to credit and equity evaluation. Filled with real-life examples and expert advice, Financial Statement Analysis, Fourth Edition will help you gain a firm understanding of the techniques that will help you interpret financial statements, which are designed to conceal more than reveal.
Financial Statement Analysis: A Practitioner's Guide
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Book Review: Financial Statement Analysis: A Practitioner’s Guide
On the contrary, they argue,. Simply stated, the lower the interest rate at which a corporation can borrow or the higher the price at which it can sell stock to new investors, the greater the wealth of its shareholders. If the highest ratings and multiples result from statements that measure profitability and financial condition inaccurately, the logic of fiduciary duty to shareholders obliges management to publish that sort, rather than the type held up as a model in accounting textbooks. It is a sober assessment of the profession; throughout the remainder of the book, Fridson and Alvarez repeatedly demonstrate that financial statements often conceal as much information as they reveal.