Understanding financial statements

the long version

This new edition's objective is to take the readers behind the numbers, dazzling presentations, and slick brand marketing of corporate annual reports to assess the reality of a firm's financial condition and performance. Based on the dramatic events that have unfolded in financial markets and the accounting environment as well as extensive feedback from our readers--faculty, students, practitioners, and many others who use the book to develop a better understanding of financial statement analysis--we have introduced some significant new elements in this tenth edition.