Description
Item specifics
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Condition
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Like NewA book that looks new but has been read. Cover has no visible wear, and the dust jacket (if applicable) is included for hard covers. No missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. May be very minimal identifying marks on the inside cover. Very minimal wear and tear. See the seller’s listing for full details and description of any imperfections. See all condition definitionsopens in a new window or tab
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Seller Notes
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Binding
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Hardcover
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Weight
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1 lbs
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Product Group
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Book
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IsTextBook
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Yes
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ISBN
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9780471409151
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Book Title
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Financial Statement Analysis : a Practitioner’s Guide
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Book Series
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Wiley Finance Ser.
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Publisher
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Wiley & Sons, Incorporated, John
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Item Length
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9.1 in
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Edition
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3
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Publication Year
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2002
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Format
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Hardcover
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Language
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English
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Illustrator
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Yes
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Item Height
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1.4 in
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Features
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Revised
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Genre
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Business & Economics
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Topic
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Accounting / Financial, Finance / General
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Item Weight
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22.2 Oz
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Item Width
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6.4 in
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Number of Pages
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416 Pages
Financial Statement Analysis: A Practitioner’s Guide, 3rd Edition
About this product
Product Identifiers
Publisher
Wiley & Sons, Incorporated, John
ISBN-10
0471409154
ISBN-13
9780471409151
eBay Product ID (ePID)
2050485
Product Key Features
Edition
3
Book Title
Financial Statement Analysis : a Practitioner’s Guide
Number of Pages
416 Pages
Language
English
Publication Year
2002
Topic
Accounting / Financial, Finance / General
Features
Revised
Illustrator
Yes
Genre
Business & Economics
Book Series
Wiley Finance Ser.
Format
Hardcover
Dimensions
Item Height
1.4 in
Item Weight
22.2 Oz
Item Length
9.1 in
Item Width
6.4 in
Additional Product Features
Intended Audience
Trade
LCCN
2002-284068
Reviews
In Financial Statement Analysis: A Practitioner’s Guide, Third Edition (New York: John Wiley & Sons, Inc., 2002), Martin Fridson and Fernando Alvarez detail a number of gimmicks that companies have employed, including: Booking deliveries of computer software to resellers as sales, despite undisclosed agreements permitting the return of unsold merchandise for refunds. Helping managers to achieve their annual sales targets by announcing a price increase, effective January 2, to induce customers to order before year-end, even though the hike puts the company out of line with the competition. Taking credit for volume-based rebates from suppliers before purchases of merchandise reach the level needed to qualify for the rebates. Surprisingly, to many readers, the slipperiness depicted in Financial Statement Analysis is not limited to penny-stock companies or high-flying initial public offerings. A number of the book’s case studies involve widely respected Fortune 500 corporations. The authors quote an official of one such company who freely admits that when a division is in danger of missing its quarterly profit goal, management tries to make an acquisition in the waning days so that it can count the unit’s earnings for the entire period. Fridson and Alvarez do not merely describe and deplore opaque financial reporting practices. They document a number of cases in which analysts successfully anticipated stock and bond price shocks, using financial ratios and publicly available information from outside the statements. The authors also provide practical advice on making financial projections. (Extra Credit, The Journal of Global High Yield Bond Research) Financial Statement Analysis , by junk bond guru Martin Fridson, is my No. 1 pick for those at an intermediate level. Fridson does a great job of explaining the various forces at work in corporate financial statement preparation, and also has valuable insights into issues such as pro form a income statements and revenue recognition practices. – Street.com
Dewey Edition
21
Series Volume Number
76
Dewey Decimal
657/.3
Edition Description
Revised edition
Table Of Content
PART I. READING BETWEEN THE LINES. Chapter 1. The Adversial Nature of Financial Reporting. PART II. THE BASIC FINANCIAL STATEMENTS. Chapter 2. The Balance Sheet. Chapter 3. The Income Statement. Chapter 4. The Statement of Cash Flow. PART III. A CLOSER LOOK AT PROFITS. Chapter 5. What is Profit? Chapter 6. Revenue Recognition. Chapter 7. Expense Recognition. Chapter 8. Applications and Limitations of EBITDA. Chapter 9. The Reliability of Disclosures and Audits. Chapter 10. Mergers-and-Acquisitions Accounting. Chapter 11. Profits in Pensions. PART IV. FORECASTS AND SECURITY ANALYSIS. Chapter 12. Forecasting Financial Statements. Chapter 13. Credit Analysis. Chapter 14. Equity Analysis. Bibliography. Glossary. Notes. Index.
Synopsis
All too often financial statements conceal more than they reveal. This fully revised and up-to-date Third Edition of Financial Statement Analysis provides readers involved in any type of financial statement analysis with detailed, fresh information on evaluating financial statements in today’s volatile markets and complex economy., Praise for Financial Statement AnalysisA Practitioner’s GuideThird 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.”–Professor Jay O. 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.”–Jack L. 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.”–Paul Brown Chair–Department of AccountingLeonard N. Stern School of Business, NYU”Let this book assist in financial awareness and transparency and higher standards of reporting, and accountability to all stakeholders.”–Patricia A. SmallTreasurer Emeritus, University of CaliforniaPartner, KCM Investment Advisors”This book is a polished gem covering the analysis of financial statements. It is thorough, skeptical and extremely practical in its review.”–Daniel J. FussVice ChairmanLoomis, Sayles & Company, LP, 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.” -Professor Jay O. 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.” -Jack L. 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.” -Paul Brown Chair-Department of Accounting Leonard N. Stern School of Business, NYU “Let this book assist in financial awareness and transparency and higher standards of reporting, and accountability to all stakeholders.” -Patricia A. Small Treasurer Emeritus, University of California Partner, KCM Investment Advisors “This book is a polished gem covering the analysis of financial statements. It is thorough, skeptical and extremely practical in its review.” -Daniel J. Fuss Vice Chairman Loomis, Sayles & Company, LP
LC Classification Number
HF5681
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