Understanding Financial Statements by Lyn M. FraserUnderstanding Financial Statements by Lyn M. Fraser

Understanding Financial Statements

byLyn M. Fraser, Aileen Ormiston

Paperback | December 24, 2014

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A supplementary text for a variety of Business courses, including Financial Statement Analysis, Investments, Personal ¿Finance, and Financial Planning and Analysis


An Analytical Approach to Understanding and Interpreting Business Financial Statements


Understanding Financial Statements improves the student’s ability to translate a financial statement into a meaningful map for business decisions. The material covered in each chapter helps students approach financial statements with enhanced confidence and understanding of a firm’s historical, current, and prospective financial condition and performance. The Eleventh Edition includes new case studies based on existing companies and enhanced learning tools to help students quickly grasp and apply the materials. Fraser and Ormiston presents material in an engaging fashion that helps readers make sense of complex financial information, leading to intelligent (and profitable!) decision-making.

About The Author

Lyn M. Fraser has taught undergraduate and graduate classes in financial statement analysis at Texas A&M University and has conducted numerous seminars on the subject for executive development and continuing education courses. A Certified Public Accountant, she is the co-author with Aileen Ormiston of Understanding the Corporate Annu...
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Details & Specs

Title:Understanding Financial StatementsFormat:PaperbackDimensions:304 pages, 9 × 7.4 × 0.8 inPublished:December 24, 2014Publisher:Pearson EducationLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0133874036

ISBN - 13:9780133874037

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Extra Content

Table of Contents

Preface to the Eleventh Edition


Organization of the Eleventh Edition


Uses for the Eleventh Edition




About the Authors

  1. Financial Statements: An Overview
  2. The Balance Sheet
  3. Income Statement and Statement of Stockholders’ Equity
  4. Statement of Cash Flows
  5. The Analysis of Financial Statements
  6. ¿


    A.¿¿¿¿Summary of Financial Ratios

    B.¿¿¿¿Solutions to Self-Tests