Understanding Financial Statements

Understanding Financial Statements 5th Edition is designed to serve a wide range of readers and purposes, including a text or supplementary text for courses in financial statement analysis, accounting, finance, and business management; study material for short courses on financial statements in continuing education and executive development programs; a self-study guide or course material for bank credit analysis training programs; and a reference book for investors or those who make decisions based on the analysis of financial statements. This new edition incorporates all new requirements and changes in accounting reporting and standards and many proposed changes that may affect financial reporting in the future. Each chapter is followed by self-tests with solutions, study questions, and problems. A glossary of key terms is also provided.