Analysing Financial Statements for Non-Specialists
By Jim O'Hare
Routledge – 2012 – 112 pages
All business organizations produce financial statements and the information communicated (or hidden) on these has never been more important to understand following the global financial crisis.
Analyzing Financial Statements for Non-Specialists introduces this topic without assuming prior training and study in accounting - as such it is perfect for students and managers who need to build their understanding of financial statements without taking an entire degree in accounting.
With features such as end of chapter questions, topics for further discussion and brimming with real-world examples, this concise new textbook provides a comprehensive resource that will be welcomed by lecturers and instructors charged with delivering classes on financial statements.
'This book is an excellent introduction to the important area of company accounts and understanding their health and viability. It gives a concise, yet thorough, exposition of the issues in a way which requires little prior knowledge of the subject. It also makes a number of important points about what cannot be learnt from these accounts.'
Stephen G. Hall, Head of Department and Professor of Economics, University of Leicester, UK
'This is a clear, concise and readable book which is useful for anyone who wants to get an insight into how financial statement information is used for decision-making. Real company examples help the reader relate the concepts with practice.'
Osman Yukselturk, Senior Lecturer in Accounting and Finance, University of the West of England, UK
'This book unravels the mysteries of financial statements in a clear, concise and very informative way. It provides the reader with an excellent interpretation of profitability, liquidity and gearing ratios and therefore a better understanding of the financial position and performance of companies.'
Philip Frost, Accountancy Lecturer with The Mercia Group Ltd
1. Why is Analyzing Financial Statements Necessary? 2. What Information is provided in Company Financial Statements? 3. Analyzing Profitability 4. Analyzing Liquidity 5. Analyzing Financial Gearing 6. Analyzing Shareholder Interests 7. Predicting Corporate Failure 8. Using other Information in Company Annual Reports 9. Business Valuations 10. What do Financial Statements not tell the Users?
Jim O'Hare is Principal Teaching Fellow at the University of Leicester, UK. His research interests are on the usefulness of company financial statements and their use in making economic decisions