Financial Statement Analysis /K.R.Subramanyam

Financial Statement Analysis gives readers the right tools and keys needed to gain advantage in today's competitive marketplace. This book will teach readers analytical skills through applications in real world, which will help them succeed in their business.

Financial Statement Analysis is divided into three parts. Each chapter begins with a business press feature article that highlights the importance of financial statement analysis. This provides a benchmark for the skills that are to be discussed in that chapter. The first part contains an overview of financial statement analysis. in the second chapter, new topics like the concept of income have been added. This edition also has a section on Fair Value Accounting, which contains material based on the recent standards. Readers will learn how to interpret financial reports and their footnotes. The second part, titled Accounting Analysis, contains four chapters. Analyzing Financing Activities streamlines the discussion on postretirement benefits and equity carve-outs. The fifth chapter contains updated material on measuring financial assets and liabilities on a fair-value basis. The next chapter has information on the latest accounting pronouncements and employee stock options. The last part of Financial Statement Analysis covers topics like return on invested capital, cash flow analysis, credit analysis and equity analysis and valuation. The authors have included numerous actual excerpts from financial reports, along with marginal notes that contain examples and hints. Readers will also find Research Insight boxes throughout the guide.