Book description
Revised and up to date, the Second Edition includes valuable
information that addresses questions such as:
* What is transparency and why do we care?
* How can financial statements inform investors?
* How can financial statements mislead investors?
* How has the Sarbanes-Oxley Act changed companies' financial disclosures?
* What should you look for in financial disclosures when judging a
company's financial health?
* How do financial statements relate to the value of a company's stock?
* Why is cash flow so important to a company's financial health?
Throughout Analysis of Financial Statements, Second Edition, the authors
demonstrate the nuts and bolts of financial analysis by applying the
techniques to actual companies. The authors set the stage for financial
analysis in Part One with their discussions of financial statements and
the quality of financial statements. In Part Two, they walk you through
how to judge a company's financial health using financial disclosures in
financial ratio analysis, earnings analysis, and cash flow analysis. In
Part Three, the authors take analysis a step further by discussing how
investors and creditors can use financial statements to more effectively
assess a company's performance and risk. Peterson and Fabozzi wrap up
this Second Edition with a set of lessons for investors and analysts:
Lesson 1: Understand what you are looking at
Lesson 2: Read the fine print
Lesson 3: If it's too good to be true, it may be
Lesson 4: Follow the money
Lesson 5: Understand the risks Pamela P. Peterson
(Tallahassee, FL), Ph. D. CFA is a professor of Finance at Florida
State University where she teaches undergraduate courses in corporate
finance and doctoral courses in empirical research methods. Professor
Peterson has published articles in numerous journals including the
Journal of Finance
, the Journal of Financial Economics
, the Journal of Banking and Finance
, Financial Management
, and the Financial Analysts Journal
. She and David R. Peterson co-wrote the AIMR monograph Company
Performance and Measures of Value Added.
Professor Peterson has written collaboratively with Frank J. Fabozzi on
Analysis of Financial Statements
published by Frank J. Fabozzi Associates, Capital Budgeting,
and Financial Management and Analysis,
both published by Wiley.
Frank J. Fabozzi (New Hope, PA) is the Frederick Frank Adjunct
Professor of Finance in the School of Management at Yale University.
Frank is a Fellow of the International Center for Finance at Yale
University, the editor of the Journal of Portfolio Management,
a member of Princeton University's Advisory Council for the Department
of Operations Research and Financial Engineering, and a trustee of the
BlackRock complex of closed-end funds and Guardian Life sponsored
open-end mutual funds.
