Understanding Financial Statements

This easily accessible text presents the conceptual background and analytical tools necessary to understand and interpret business financial statements. The focus throughout is on the evaluation of financial statements and their usefulness for business decision making, rather than on how the financial statements are constructed. Straightforward, understandable, interesting, and easy to follow, the book orients students towards what they will actually encounter in practice and teaches them how to solve unstructured problems and how to use accounting information in complex real-world business situations. Superbly presented, this is a useful book for students from a variety of backgrounds taking accounting, finance, and business management courses.