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Understanding Financial Statements, 11th edition

  • Lyn M. Fraser
  • Aileen Ormiston

Published by Pearson (December 24th 2014) - Copyright © 2016

11th edition


A supplementary text for a variety of Business courses, including Financial Statement Analysis, Investments, Personal  Finance, and Financial Planning and Analysis


An Analytical Approach to Understanding and Interpreting Business Financial Statements


Understanding Financial Statements improves the student’s ability to translate a financial statement into a meaningful map for business decisions. The material covered in each chapter helps students approach financial statements with enhanced confidence and understanding of a firm’s historical, current, and prospective financial condition and performance. The Eleventh Edition includes new case studies based on existing companies and enhanced learning tools to help students quickly grasp and apply the materials. Fraser and Ormiston presents material in an engaging fashion that helps readers make sense of complex financial information, leading to intelligent (and profitable!) decision-making.

Table of contents

Preface to the Eleventh Edition


Organization of the Eleventh Edition


Uses for the Eleventh Edition




About the Authors

  1. Financial Statements: An Overview
  2. The Balance Sheet
  3. Income Statement and Statement of Stockholders’ Equity
  4. Statement of Cash Flows
  5. The Analysis of Financial Statements



A.    Summary of Financial Ratios

B.    Solutions to Self-Tests

C.    Glossary



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