Quatrième de couverture
FINANCIAL STATEMENT ANALYSIS
What do most textbooks neglect to tell you about financial reports? Just about everybody who has taken a good look at an annual report has sensed that corporate financial statements are designed to conceal more than reveal. But how, exactly, do corporations manipulate their financial statements to control the perceptions of investors and creditors? What vital information are the accountants leaving out? How can you make the numbers tell you what you really need to know?
Martin Fridson shows students how with a practical, lively, and rigorous guide to the financial statement. Incorporating real–life situations, he demonstrates the kinds of complications that arise when analysts apply textbook knowledge to real–world number juggling on balance sheets, income statements, and other financial data. New and expanded for university students, Financial Statement Analysis, Second Edition provides readers with the insight and know–how to understand and evaluate the facts behind the fiction of most corporate financial statements.
"Martin Fridson provides a broad and very practical perspective on the art of financial statement analysis. By exploring numerous examples from recent real–world situations, the book enlivens and sharpens the issues involved in interpreting financial reports. It is a solid and interesting introduction to financial statements and their use in a variety of important analytical settings." –– Jay O. Light Professor of Business Administration, Harvard University
"This book is comprehensive, analytical, and rigorous, yet very practical and applications–oriented. Financial Statement Analysis, Second Edition can either be read from cover to cover, or used as a reference tool. The book provides a wealth of information in an extremely well written and well organized manner." –– Frank J. Jones, PhD, Executive Vice President and Chief Investment Officer, The Guardian Life Insurance Company of America
Biographie de l'auteur
MARTIN S. FRIDSON is Managing Director in the Global Securities Research & Economics Group at Merrill Lynch & Co. He was dubbed the dean of the high–yield bond market in conjunction with being voted onto Institutional Investor′s All–American Research Team. Previously, Fridson was a principal and manager of Credit Research at Morgan Stanley & Co. He is also a practitioner director of the Financial Management Association, past president of the Fixed Income Analysts Society, and a member of the editorial boards of CFA Digest, Financial Analysts Journal, and Financial Management. His book Investment Illusions was also published by Wiley.
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