Financial Statement Analysis has ratings and 10 reviews. Ahmed by. Martin S. Fridson, Be the first to ask a question about Financial Statement Analysis. “Alvarez and Fridson have a real gift for expressing the concepts of finance in down-to- This third edition of Financial Statement Analysis, like its predecessors. Financial Statement Analysis by Martin S. Fridson, , available at Book Depository with free delivery worldwide.
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Do not expect to read a technical guide on reading or analysing financial statemen from this book. How to Be a Billionaire.
Readers go beyond definition and calculation and learn interpretation. It helps to develop the questioning mind—the mind of a financial detective. Trivia About Financial Stateme It is thorough, skeptical and extremely practical in its review. Their discussion of profits-‘quality of earnings’-is particularly insightful given the recent spate of reporting problems encountered by firms.
Goodreads is the world’s largest site for readers with over 50 million reviews. Its great value, though, is in the plain-spoken stripping down of real-world and illustrative examples that show how analysiss see past the numbers to the practicalities and incentives behind them—and so help analysts finnacial journalists alike ask the right questions. Return to Book Page.
As he so accurately states in Financial Statement Analysisthe credit investor is required to engage in a game of cat-and-mouse with company management’s intent on minimizing their cost of capital by putting a positive gloss on their financial statements.
Dispatched from the UK in 2 business days When will my order arrive? Over the years, it has becomean increasingly complex endeavor, as corporate financial statementshave become more difficult to decipher. Zin rated it really liked it Jun 01, For example, the balance sheet chapter provides insights into problems that arise from the difficulty of assigning a value to an asset, while the income statement chapter details the many pitfalls of pro-forma earnings.
As buffet said “return of investment is more imp than return on investment” and this book does the job perfectly.
No trivia or quizzes yet. The other chapters in the section focus on the computation of the various ratios used in credit and equity analysis.
Jan 22, pavana Kumar Varanasi added it. A very good introduction on basic things like percentage balance sheet and percentage profit and loss account. Book ratings by Goodreads. As stated at the outset, the focus remains on helping the reader develop insight.
Written by leading investment authority Martin Fridson andColumbia Graduate Business School Professor Fernando Alvarez, thisreliable resource outlines the analytical framework needed toscrutinize financial statements, whether you’re evaluating acompany’s stock price or determining valuations for a merger oracquisition. Not the detail, but mostly the concepts. Mar 24, Bin Li rated it it was ok.
It teaches the art of skepticism and critical thinking.
For anyone with a passing interest in the subject, or for new analysts learning the trade, Financial Statement Analysis is an amazing resource. This book is different finajcial the authors seamlessly integrate fascinating real-life examples and instructive fictional scenarios into each chapter to illustrate their points.
And all statemebt us who depend on the markets sending capital to its best use should hope analsyis investors read this book first. Credit Analysis and Equity Analysis are the most useful chapters, covering financial ratios and valuation methods in detail. Financial Statement Analysis This important process has become increasingly complex over the years as corporate financial statements have become more difficult to decipher.
Just a moment while we sign you in to your Goodreads account. From untilhe was associate professor in the Finance and Economics Department and director of entrepreneurship programs at Rutgers Business School, Newark and New Brunswick.
Would you like to change to the site? In this case, you might consider supplementing the book with a wnalysis traditional textbook. 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.
Howard Marks recommends this book.
Pick up Financial Statement Analysis, Fourth Edition and you will acquire all the insight and professional know-how you need to find the facts behind the fiction of most corporate financial statements. Fridson and Alvarez fridon written a classic. Will rated it liked it Dec 01, But with the FourthEdition of Financial Statement Analysis, you’ll learn how tohandle the practical challenges that are part of the business.
Unlike the textbook approach, in which rational companies disclose audited statements statementt order to convey impartial data about their financial condition, “Financial Statement Analysis” begins with the proposition that the producers of financial statements have motives other than those suggested by traditional texts.
The author suggest financial analyst should understand that this is the game between them as the user of financial statement and the author. The Best Books of Perhaps the most interesting chapter in this section discusses the role of auditors.
But it feels worth every penny as its filled with invaluable content which is so imp for every investor to know. In the author’s defense, they state in the introduction that accounting is assumed, so it’s not really fair to fault them for this.
Throughout, the authors note critical issues to consider that go beyond the numbers.