Understanding Financial Statements, 12th edition

Published by Pearson (August 24, 2023) © 2024

  • Lyn M. Fraser
  • Aileen Ormiston

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eTextbook on Pearson+

ISBN-13: 9780138114404 (2023 update)

eTextbook + Study & Exam Prep on Pearson+

ISBN-13: 9780138114404 (2023 update)

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Purchasing Instructions

This form contains two groups of radio buttons, one for Exam Pack purchasing options, and one for standard purchasing options. Only one option can be chosen for purchase. Any option that is selected will deselect any previously selected purchase option.

eTextbook access on Pearson+

ISBN-13: 9780138114404 (2023 update)

eTextbook access + Study & Exam Prep monthly subscription on Pearson+

ISBN-13: 9780138114404 (2023 update)

In this eTextbook — More ways to learn

  • More support. Get AI help with personalized summaries, instant explanations, and quick translations.
  • More flexible. Start learning right away, on any device.
  • More interactive. Learn through audio, video, and practice.
  • More memorable. Study better with notes, highlights, and flashcards.

eTextbook on Pearson+

ISBN-13: 9780138114404 (2023 update)

In this eTextbook — More ways to learn

  • More support. Get AI help with personalized summaries, instant explanations, and quick translations.
  • More flexible. Start learning right away, on any device.
  • More interactive. Learn through audio, video, and practice.
  • More memorable. Study better with notes, highlights, and flashcards.

Title overview

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

The 12th Edition continues its superior readability, concise coverage, and accessibility. It features new cases and enhanced learning tools to help you make sense of complex financial information, so that you can make sound, profitable business decisions.

Table of contents

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

APPENDICES

  1. Summary of Financial Ratios
  2. Solutions to Self-Tests
  3. Glossary

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