Clyde P. Stickney

Prior to writing the first edition of this book, I surveyed professors who teach courses in financial statement analysis at the undergraduate and graduate levels. As an input to preparing this second edition, I engaged in discussions with users of the first edition and obtained course outlines....

TO THE STUDENT Each chapter of this study guide has been prepared in three sections in order to contribute to your understanding in a step-by-step manner. The first section summarizes the chapter highlights presented in your text in a concise orderly form. This section is intended to complement...

PREFACE This book has been designed primarily for a one-semester course in financial accounting at the undergraduate level. However, with some modifications in the topics covered or in the depth at which they are covered, the book is adaptable to a one-quarter course at the MBA level or to a...

The effective analysis of a set of financial statements requires an understanding of (1) the economics and current conditions of the businesses in which a firm is involved, (2) the particular strategies a firm has selected to compete in each of these businesses, and (3) the accounting principles...