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Understanding Financial Statements, retains its reputation for readability, concise coverage, and accessibility, and gives students the conceptual background and analytical tools necessary to understand and interpret business financial statements. Its ultimate goal is to improve students' ability to translate financial statement numbers into a meaningful map for business decisions and enable each student to approach financial statements with enhanced confidence.

The ninth edition incorporates the many new requirements and changes in accounting reporting and standards that provide students with the information they need to know in today’s ever-evolving world of business finance.

Table of Contents

Chapter 1 Financial Statements: An Overview

Chapter 2 The Balance Sheet

Chapter 3 Income Statement and Statement of Stockholders’ Equity

Chapter 4 Statement of Cash Flows

Appendix 4A Statement of Cash Flows–Direct Method

Chapter 5 A Guide to Earnings and Financial Reporting Quality

Chapter 6 The Analysis of Financial Statements

Appendixes

288 pages, Paperback