Understanding Financial Statements 7e PIE
Understanding Financial Statements, 7/E retains its reputation for readability, concise coverage, and accessibility while incorporating the many new requirements and changes in accounting reporting and standards. The text 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 thus enable each student to approach financial statements with enhanced confidence.
Writing skills problems- Appear in each chapter. Prepares students to keep pace with the emphasis todays employers place on communication skills. Internet problems- Appear in each chapter. Allows students to explore a variety of websites on the Internet.
Annual report problems- Appear in each chapter. Offers students the opportunity to analyze a real company (Intel) throughout the flow of the text. Mini-cases using the financial statements of actual companies- Two at the end of each chapter. Provides hands-on application of the concepts, theories, and analytical techniques that are discussed throughout the book. Extensive coverage of cash flow analysis. Gives students the tools needed to use accounting cash flow information for decision-making.
Appendices- On earnings quality and the analysis of segmental data. Provides students with more in-depth coverage of special issues.
Self-tests- At the end of each chapter with solutions in Appendix D. Helps students prepare for exams.
Glossary of key terms. Provides easy access to definitions of key terms. Footnotes. Contains resources which may be used by instructors to form the basis of a reading list for students.
1. Financial Statements: An Overview.
2. The Balance Sheet.
3. Income Statement and Statement of Stockholders Equity.
4. Statement of Cash Flows.
Supplement to Chapter 4: Statement of Cash Flows—Direct Method. 5. The Analysis of Financial Statements.
Appendix A. A Guide to Earnings Quality and Financial Reporting Quality.
Appendix B. The Analysis of Segmental Data.
Appendix C. Summary of Financial Ratios.
Appendix D. Solutions to Self-Tests.
Appendix E. Glossary.