Title: Understanding Financial Statements (11th Edition)
Author: Lyn M. Fraser, Aileen Ormiston
Publisher: Pearson
Description:
“Understanding Financial Statements,” now in its 11th edition, authored by Lyn M. Fraser and Aileen Ormiston, offers a comprehensive guide to deciphering and interpreting financial statements. This book equips readers with the knowledge and skills necessary to analyze financial reports effectively and make informed decisions based on financial data. Covering key financial statements such as balance sheets, income statements, and cash flow statements, this edition provides clear explanations and practical examples to demystify complex accounting concepts. Whether you’re a student studying finance or a professional seeking to enhance your financial literacy, this book serves as an invaluable resource for understanding the language of business and evaluating the financial health of organizations. Through real-world case studies and exercises, readers gain insights into best practices for interpreting financial statements and using financial information to drive strategic decision-making.