Analysis of Financial Statements, Third Edition

  • 5h 23m
  • Frank J. Fabozzi, Pamela Peterson Drake
  • John Wiley & Sons (US)
  • 2012

Recent financial events have taught us to take a more critical look at the financial disclosures provided by companies. In the Third Edition of Analysis of Financial Statements, Pamela Peterson-Drake and Frank Fabozzi once again team up to provide a practical guide to understanding and interpreting financial statements. Written to reflect current market conditions, this reliable resource will help analysts and investors use these disclosures to assess a company's financial health and risks.

Throughout Analysis of Financial Statements, Third Edition, the authors demonstrate the nuts and bolts of financial analysis by applying the techniques to actual companies. Along the way, they tackle the changing complexities in the area of financial statement analysis and provide an up-to-date perspective of new acts of legislation and events that have shaped the field.

  • Addresses changes to U.S. and international accounting standards, as well as innovations in the areas of credit risk models and factor models
  • Includes examples, guidance, and an incorporation of information pertaining to recent events in the accounting/analysis community
  • Covers issues of transparency, cash flow, income reporting, and much more

Whether evaluating a company's financial information or figuring valuation for M&A's, analyzing financial statements is essential for both professional investors and corporate finance executives. The Third Edition of Analysis of Financial Statements contains valuable insights that can help you excel at this endeavor.

About the Authors

Professor Pamela Peterson Drake, Ph.D. CFA, is the J. Gray Ferguson Professor of Finance and Department Head, Department of Finance and Business Law in the College of Business at James Madison University. She received her B.S. in Accountancy from Miami University and her Ph.D. in finance from the University of North Carolina at Chapel Hill. Professor Drake previously taught at Florida State University and Florida Atlantic University.

Frank J. Fabozzi is Professor of Finance at the EDHEC Business School, a member of the EDHEC Risk Institute, and editor of the Journal of Portfolio Management. He has held various professorial positions in finance at the Massachusetts Institute of Technology and Yale University and was a Visiting Fellow at Princeton University's Department of Operations Research and Financial Engineering. He is a trustee for the BlackRock family of closed-end funds. In 2002, he was inducted into the Fixed Income Analysts Society's Hall of Fame and is the 2007 recipient of the C. Stewart Sheppard Award given by the CFA Institute. He earned the designation of Chartered Financial Analyst and Certified Public Accountant. He earned a doctorate in economics from the Graduate Center of The City University of New York.

In this Book

  • Introduction
  • Financial Statements
  • The Quality of Financial Information
  • Financial Analysis
  • Equity Analysis
  • Cash Flow Analysis
  • Measuring Company Performance
  • Corporate Credit Analysis
  • Analysis of Equity Risk Using Fundamentals Factor Models
  • The Lessons We Learn
  • Answers to End-of-Chapter Questions
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