Financial Statement Analysis
An extremely helpful and skeptical guide, this Martin Fridson masterpiece sheds light on the faithfulness of the presentation of a company's financial condition. This book aims to guide users to properly understand, interpret, and assess financial reports so rational valuations can be determined for investment, lending, or merger and acquisition purposes.
"This is an illuminating and insightful tour of financial statements, how they can be used to inform, how they can be used to mislead, and how they can be used to analyze the financial health of a company."
— Professor Jay O. Light, Harvard Business School
"Financial Statement Analysis should be required reading for anyone who puts a dime to work in the securities markets or recommends that others do the same."
— Jack L. Rivkin, Executive Vice President (retired) ,Citigroup Investments
"Fridson and Alvarez provide a valuable practical guide for understanding, interpreting, and critically assessing financial reports put out by firms. Their discussion of profits–‘quality of earnings’–is particularly insightful given the recent spate of reporting problems encountered by firms. I highly recommend their book to anyone interested in getting behind the numbers as a means of predicting future profits and stock prices."
— Paul Brown, Chair–Department of Accounting, Leonard N. Stern School of Business, NYU
"Let this book assist in financial awareness and transparency and higher standards of reporting, and accountability to all stakeholders."
— Patricia A. Small, Treasurer Emeritus, University of California; Partner, KCM Investment Advisors
"This book is a polished gem covering the analysis of financial statements. It is thorough, skeptical, and extremely practical in its review."
— Daniel J. Fuss, Vice Chairman, Loomis, Sayles & Company, LP
“…a cogent and valuable reference for any user of financial statements...”
— Financial World