Financial Statement Analysis

This is a guide to analyzing financial statements for investors, money managers, credit officers, securities analysts, and other financial professionals. It shows how to read and interpret the balance sheet, the income statement, the statement of sources and uses of funds, and other key elements in financial reporting. The text emphasizes the adversary nature of financial information, explaining and illustrating how the differing needs and interests of concerned parties can lead to widely differing interpretations and presentations of the same basic data.