Understanding Financial Statements, Global Edition, 12th edition

Published by Pearson (June 30, 2024) © 2024

  • Lyn M. Fraser
  • Aileen Ormiston
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Products list

Access details

  • Instant access once purchased
  • Offline access via app

Title overview

For financial accounting courses.

An analytical approach to understanding business financial statements. Understanding Financial Statements provides students with the conceptual background and analytical tools to understand and interpret business financial statements. The text helps boost readers' confidence in analysing these documents as well as understanding a firm's historical, current, and prospective financial condition and performance.

Following the previous editions, the 12th Edition continues to showcase superior readability, concise coverage, and accessibility. It features new cases and enhanced learning tools to help students make sense of complex financial information, so that they can make sound, profitable business decisions.

Table of contents

  • Financial Statements: An Overview
  • The Balance Sheet
  • Income Statement, Comprehensive Income, and Statement of Stockholders' Equity
  • Statement of Cash Flows
  • The Analysis of Financial Statements
  • APPENDICES
  • Summary of Financial Ratios
  • Solutions to Self-Tests
  • Glossary

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