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Financial Reporting and Analysis (3rd Edition)

by Lawrence Revsine, Daniel W. Collins, W. Bruce Johnson

ISBN-10: 9780131430211
ISBN-10: 0-13-143021-1
ISBN-13: 9780131430211
ISBN-13: 978-0-13-143021-1
Hardcover
2004-06-07
Prentice Hall


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Editorials


Product Description

The CPA exam is changing. You need to change as well...to a book that better prepares you for the CPA exam and for business. This is the only book of its kind that demonstrates how to prepare financial reports and then how to analyze what those numbers really mean. Every manager has incentives to present his or her firm in the most favorable light to lenders, equity investors and others. And, every manager wants to use the flexibility allowed by GAAP to manage the firm's earnings to achieve certain goals. Revsine, Collins, and Johnson explain these incentives and help readers spot cases of earnings management, which disguises a firm's true performance. For anyone preparing to take the CPA exam, and for anyone who wants or needs a working knowledge of accounting, financial reporting, and financial statement analysis.


Reviews


Shipping ripoff/ unfounded claims
I ordered expidited shipping for my product to get it sooner than the regular shipping. They happily charged me for expidited shipping, then turned around and sent the book via media mail. Also, the item diescription for my book said it was highlighted by a student that got a B+ in the course. I have yet to find any hightlighted areas in the book. When I contacted the seller via email to inquire, they cam back at me angry claiming that I was trying to threaten them. This was a poor experience at best. I will never shop with this Seller agian.

Financial Reporting book review
Recent Accounting knowledge is a plus when reading this book. A few examples of problem solving would be nice. An answer key to the exercises in each chapter would be helpful too.

You will want a fresh mind & coffee when reading this book!

Almost everything I dislike in a textbook
This book has many characteristics that I really dislike to see in a textbook.

First, the authors flooded almost every page with extraneous information. When you're learning this stuff, you want it to be explained simply and clearly - but the authors seem more intent on showing you how much they know about some topic, even when that information is tangenital and not very helpful.

They don't word things clearly. They'll call the same thing by two different names - (i.e. "Pension Cost" and "Pension Expense") which needlessly adds to the confusion. They'll discuss some topic for several pages without even writing down the basic, relevant journal entry.

One of the wordiest, most poorly written accounting books I have ever had the displeasure of studying from.

One of the better books available
This publication provides a thorough and comprehensive review of almost every important aspect of accounting, financial analytics and reporting. A useful tool for a person new to finance or someone needing a refresh or review of important topics. A solutions manual would have been helpful, but the book is a valuable buy nonetheless.

Very good for understanding the subject
The book provides very clear explanations about different aspects of financial statement analysis. The only drawbacks are that the book is a little simplistic and that problem solutions are sorely needed. However, I am sure you are not going to use oit for self-study- you would be using it as a textbook in a financial statement analysis class. The professor, would be able to provide you with solutions (as in my case- thanks Dr. Church!) and will also help you out with some of the tougher stuff. Whatever, the book does an excellent job in explaining the basic stuff- much better than the Sondhi book.


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