Description: Just about anybody who's taken good look at a quarterly or annual report has sensed that corporate financial statements are designed to conceal more than they actually reveal. But how exactly do corporations manipulate their public financial statements to make themselves appear as attractive as possible to investors - more attractive than they really may be? What important information are the accountants leaving out? And, more importantly, how can you make the numbers tell you what you really need to know? Now Financial Statement Analysis, Second Edition shows you how. Martin Fridson takes a hard look at the information that appears on financial statements, including the balance sheet, income statement, and statement of cash flows. With the help of many real-life illustrations, he explains the crucial information that corporations routinely leave out of their financial reports and the stratagems managers use to control the perceptions of investors and creditors. Thoroughly updated and expanded to reflect today's financial realities, Financial Statement Analysis, Second Edition arms investors, money managers, financial analysts, and bankers with detailed guidelines on how to read and interpret balance sheets, income statements, and other key financial documents; dozens of timely true stories that demonstrate the kinds of complications that can arise when analysts apply textbook knowledge to real-world number juggling; a gold mine of insider tips from a seasoned professional for maximizing the accuracy of forecasts; the kind of healthy skepticism you need to reach sound conclusions through a structured approach to credit and equity evaluation; and new and expanded coverage of revenuerecognition, country-to-country variations in accounting methods, new techniques for analyzing credit risk, the auditor's role, and more. Read Financial Statement Analysis, Second Edition and acquire all the insight and professional know-how you need to find the facts behind the fiction of most corporate financial statements.

Please Wait