Book Description
The CPA exam is changing. You need to change as well...to a book that better prepares you for the CPA exam and for business. This is the only book of its kind that demonstrates how to prepare financial reports and then how to analyze what those numbers really mean.
Every manager has incentives to present his or her firm in the most favorable light to lenders, equity investors and others. And, every manager wants to use the flexibility allowed by GAAP to manage the firm's earnings to achieve certain goals. Revsine, Collins, and Johnson
explain these incentives and help readers spot cases of earnings management, which disguises a firm's true performance.
For anyone preparing to take the CPA exam, and for anyone who wants or needs a working knowledge of accounting, financial reporting, and financial statement analysis.
Customer Reviews:
Almost everything I dislike in a textbook.......2006-05-08
This book has many characteristics that I really dislike to see in a textbook.
First, the authors flooded almost every page with extraneous information. When you're learning this stuff, you want it to be explained simply and clearly - but the authors seem more intent on showing you how much they know about some topic, even when that information is tangenital and not very helpful.
They don't word things clearly. They'll call the same thing by two different names - (i.e. "Pension Cost" and "Pension Expense") which needlessly adds to the confusion. They'll discuss some topic for several pages without even writing down the basic, relevant journal entry.
One of the wordiest, most poorly written accounting books I have ever had the displeasure of studying from.
One of the better books available.......2003-09-30
This publication provides a thorough and comprehensive review of almost every important aspect of accounting, financial analytics and reporting. A useful tool for a person new to finance or someone needing a refresh or review of important topics. A solutions manual would have been helpful, but the book is a valuable buy nonetheless.
Very good for understanding the subject.......2002-03-10
The book provides very clear explanations about different aspects of financial statement analysis. The only drawbacks are that the book is a little simplistic and that problem solutions are sorely needed. However, I am sure you are not going to use oit for self-study- you would be using it as a textbook in a financial statement analysis class. The professor, would be able to provide you with solutions (as in my case- thanks Dr. Church!) and will also help you out with some of the tougher stuff. Whatever, the book does an excellent job in explaining the basic stuff- much better than the Sondhi book.
agree with others - needs solutions manual - useless without.......2001-09-27
I agree with those that say this book would be more useful if it came with solutions. Right off in the first chapter, hypothetical situations are presented without any background information in the text. If you haven't had some experience in Accounting, you are going to be left scratching your head. The instructor in my class says that it causes you to think. Hard to think if you have never come close to experiencing anything that is being discussed. Some guidance would be helpful.
Useless without a Solutions Manual.......2001-03-23
I'm studying for the CPA. I bought the book because it's required for a course in school. But to actually learn for the CPA exam, I'll toss this one aside for one that provides a solutions manual. Authors who withold the manual for the instructors benefit miss a fundamental point about economics - who the customer is. It's the student that the book is written for and it is the student who pays for the course. Breffni University of Chicago
Amazon.com
Chuck Kremer, Ron Rizzuto, and John F. Case believe "50 percent of small-company owners and managers don't get complete, timely information about their business's financial performance" and "90 percent don't really understand or use the information they do get." Kremer, a business-literacy consultant, Rizzuto, a university finance professor, and Case, a business journalist, further contend that such data and their proper application are critical to the successful operation of any small business. That's why they've assembled Managing by the Numbers as a self-help guide to the ins and outs of corporate finance. In the first section, they show how to decipher three major reports that everyone should review monthly (balance sheet, income statement, cash flow). In the second, they discuss how resultant figures tie in to "three bottom lines of business" (net profit, operating cash flow, return on assets) that can be examined collectively. And in the third, they explain ways that stimuli for each can be optimized to achieve overall business goals. The combination allows you to "translate your financial understanding into better financial performance," the authors conclude. While much of the material may seem intimidating, it is presented clearly and could indeed provide an edge in today's hypercompetitive business environment. --Howard Rothman
Book Description
Developed in partnership with Inc., a handy and practical guide to interpreting your company's financial statements to drive business growth and profitability
Everyone interested in building a stronger business needs to understand and use the information captured in financial statements. In Managing by the Numbers, business education and accounting experts Chuck Kremer and Ron Rizzuto team up with open-book management authority John Case to demystify the numbers. They present a practical, common-sense approach to reading financial statements and to managing the three bottom lines of business financial performance: net profit, operating cash flow, and return on assets. The book features numerous exercises and examples (with associated templates available on the Web), a powerful new management tool known as "The Financial Scoreboard," and an extensive glossary. Managing by the Numbers is an essential resource for entrepreneurs, business owners, managers, and anyone eager to improve their mastery of the financial side of running a business.
Customer Reviews:
I got this book free. I would've paid..........2006-12-21
10x the cover if I knew the value it'd bring.
I got this book as part of "Birthing of Giants". It's a three year retreat for entrepreneurs held for a week in the summer. You get a reading list and they are kind enough to send you books.
It sat in the box until Charles Kremer came to speak to our class. What he presented made the material so clear.
Before, I'd set barriers as to what was comfortable from a cash management point of view. My goals would actually cause pain when they'd be reached.
The relationships between balance sheet, income statement and cash statement are clear. "Beginning position" +/-non cash part of transaction +/- cash part of transaction = "Ending position"
Want to know the effect of retained earnings on the balance sheet or MSGA expense on the income statement or where the Interest expense paid should fall? Consult the "Magic Square".
Don't look at this book as a substitute for CPA knowledge but rather as a cheat-sheet for financial goal setting and cash management of a business.
A straightforward explanation of how the accounting jigsaw fits together.......2006-07-14
The book is well written with a non accounting audience in mind. A greater understanding of how accounting savvy people utilize the information within balance sheets, P&L's and cash flow statements can be achieved. An enjoyable and worthwhile read for those who want to try and get to grips with the irksome task of understanding their accountant, or even better to use the accounting information available to IMPROVE their business.
Easy to understand!.......2004-09-09
This was the first book that I've read that makes this type of material easy and interesting. Definitely, check this book out. I always recommend it to friends.
Tom Ehrenfeld's recommendation........2003-09-18
EXCERPTED From Chapter 3 (The Numbers That Count: Acknowledge the Rules), Page 72*
At the end of this chapter, I refer to several terrific books that delve into much greater detail of these aspects, and I highly recommend that you read them. At the bare minimum, you need to understand the basics.
Folks who speak the language of finance use three financial statements; the income statement, the balance sheet, and cash flow.
Each set of numbers tracks a different function. Each one is important for your business. (Note: I highly recommend the terrific book Managing by the Numbers by Chuck Kremer et. al.-see "Resources" at the end of the chapter.)
The balance sheet provides what experts call a "snapshot" of your business's financial condition at one particular point in time. Think of this statement as what your business owns and what it owes. This statement lists your assets (what the business owns or is due), your liabilities (what the business owes), and difference between assets and liabilities, which is called owner's equity. This sheet is constructed so that your assets minus your liabilities necessarily equal the owner's equity; thus, when it is produced correctly, the sums are balanced.
The income statement tracks your company's profitability over a given period of time. It says whether, in a specific period, you made money or didn't. But, and this is a huge but, it's an abstraction. It shows the promises that people have made to pay you money, and the agreements you have made to pay others. "It shows whether you're making money on the goods and services you provide, once you have taken all your costs and expenses into account. But it isn't real," write Kremer et al. It doesn't show how much cash you've put in you bank account or how much cash you spent." Income statements are subject to manipulation. Because income statements are subject to intangible factors such as depreciation (which tracks how an asset loses value over time), you can show a profit-or loss-that is not directly tied to your activities in that span of time. Moreover, income statements count promises that others have made to you as actual income, while the daily reality may be quite different. So these statements indicate profitability-which is good-but they don't necessarily reflect your daily, actual situation.
For that you have cash flow. Cash flow is, very simply, the difference between your cash receipts and your cash expenditures. It's what you have left after you spend the money that you take in. Consider this measure to be your business checkbook; what cash is actually coming into your business and what is actually being spent? There is no fudging cash. It's what you have on hand-the balance in your account.
EXCERPTED FROM Chapter 3 (The Numbers That Count: Resources), Page 93*
Managing the Numbers by Chuck Kremer and Ron Rizzuto with John Case (Perseus Publishing, Cambridge, Massachusetts, 2000)
This gem limns the theory and practice of financial management for small companies. Set aside the fact that some of the basics may apply to larger or slightly more mature companies than yours. Read this to understand how to use the financial life of your company as the basis for critical operational decisions. Kremer et al. show how you need to understand three financial statements (the balance sheet, the income statement, and cash flow) to truly evaluate your company's performance. Moreover, you really start to control this function when you learn how the three statements fit together.
*Tom Ehrenfeld, the startup garden (New York: McGraw-Hill, 2002).
Simple yet sound.......2002-09-11
If you don't have a business degree and as a business owner or potential business owner are looking for more knowledge on how to understand the books then get this book. If you do have a degree in Business then you need not spend your money here. Take the 14.95 you would pay for this book, invest it in a high yield stock or bond and wait 50 years and you may have about a thousand bucks or so.
Book Description
International Financial Reporting Standards (IFRS) Workbook and Guide is a one stop resource for understanding and applying current International Financial Reporting Standards (IFRS) and offers:
- Easy-to-understand explanations of all IFRSs/IASs and IFRICs/SICs issued by the IASB/IASC up to March 2006
- Illustrative examples
- Practical insights
- Worked case studies
- Multiple-choice questions with solutions
Technically reviewed by Liesel Knorr, Secretary General of the German Accounting Standards Committee and former technical director of the International Accounting Standards Committee (IASC).
Forewords by:
Sir David Tweedie, Chairman of the International Accounting Standards Board (IASB)
Philippe Richard, Secretary General of the International Organization of Securities Commissions (IOSCO)
Customer Reviews:
Brilliant Book!!!.......2006-03-24
This is the first book that really explains IFRS very well. The examples are understandable, it's comprehensive and helps on nearly every issue that might arise when dealing with IFRS.
Book Description
Capstone UG Financial Accounting, Intermdiate, Financial Reporting, Financial Statement Analysis, MBA Financial Accounting. Collection of Financial Accounting cases designed to help students become users of financial reports. Students learn accounting by reading financial statements and by responding to topical questions about those financials.
This casebook introduces students to 38 companies and portions of their financial statements. Each case deals with a specific financial accounting topic within the context of one companies's financial statements.
Customer Reviews:
Don't waste your money........2006-10-09
This book is horrible. I'm using it in my advanced accounting class right now and all I can say is that this book is a waste of time. Its exercises are backwards, not in any form you'd ever run accross in the real world. There's no explanation for the topics. You're thrown into the book expected to know all of the information it presents. If this information is new to you you'll need another accounting book anyways. Save your money and just buy a nice, well written text book.
It's a great book with very useful examples!.......1998-11-12
If you are looking for a book that will help you to understand complex Financial Accounting using cases taken form the real life, this is your book!
Average customer rating:
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Cases in Financial Statement Reporting and Analysis
Leopold A. Bernstein , and
Mostafa M., Ph.D. Maksy
Manufacturer: Richard D Irwin
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ASIN: 0256125848 |
Book Description
For use as a supplement in
Principles of Accounting and
Introduction to Financial Accounting courses. Perfect for any accounting course where analyzing financial statements and understanding financial ratios is important.
This
activity workbook helps students analyze real company financial statement information. Each activity concentrates on only one aspect of the analysis and uses data from well-known corporations to pique students' interest and add relevancy.
Book Description
Using the Harvard Case Method, Accounting for Managers covers both financial and managerial topics in one term. It is designed for use at the graduate (MBA) level, or by advanced undergraduates and/or advanced AACSB schools. While this textbook does not ask the student to know everything accountants do, it does introduce them to the terminology forms and formats of financial statements and accounting analyses and illustrations. This approach is employed so the students can comprehend much of what goes on. Accounting for Managers will prepare your students to deal with the current and future developments which face accountants and managers in situations where complex financial transactions, events, and status must be communicated.
Customer Reviews:
solution of the cases.......1998-02-23
i am reading this boos but i have a questions where i can find the rigth solution of the cases in special of the page 1-67,1-68, because i dont sure of the solution.
Average customer rating:
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Introduction to Business Analysis and Valuation
Krishna Palepu ,
Victor Bernard , and
Paul Healy
Manufacturer: South-Western College Pub
ProductGroup: Book
Binding: Paperback
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Consolidation & Merger
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ASIN: 0538843314 |
Book Description
This casebook supplies approximately six full-sized cases based on real world applications, appropriate for all professionals who work with financial statement analysis. The text thoroughly discusses a series of analysis techniques, such as business strategy analysis, accounting analysis, financial analysis, and prospective analysis.
Book Description
This combined text-workbook is divided into concise learning parts that cover both the why and how of accounting. For use after the intermediate accounting course, this book supplies full-sized cases based on real world applications, appropriate for graduate students, professionals, and high-level undergraduate accounting students. It may also be used in a capstone course in a financial accounting sequence
Customer Reviews:
Case study is worth reading..........2007-04-21
First part of this book is about reading financial statements. If you already know the statements, you don't need to read the first part. However, even if you can read the statements, the second part, case study, will be helpful to your real analysis.
good case study.......2006-04-30
I found the chapters are not very in detail. I was using it as the textbook and the lecture notes are way better. I read the book at the begginning but stopped in the middle as it doesn't really help. However, the end of chapter case studies are pretty good.
Useful if cumbersome.......2002-12-16
This review applies to the edition WITH CASES. This isn't recommended for anyone who is just starting out with choosing investments. Beginners might be better off with a more general overview of financial statement analysis (FSA) like Higgins' "Analysis of Financial Statements" or Fraser and Omriston's "Understanding Financial Statements".
This was one of two textbooks used in a financial statement analysis course I took for my MBA. Most chapters are down-to-earth and as a whole the book is well-written.
The other text we used was Penman's "Financial Statement Analysis and Security Valuation" which was also a great resource as far as gaining a basic understanding of the mechanics of financial statements and how to build a valuation model.
I contrast the two books because while Penman provides a run-down of several different models analysts can use (and does a good job of arguing for the Residual Income Model of valuation model as being the best), Palepu delves into the implications of companies' choices of accounting methods and provides more insight into what different kinds of businesses should look like in terms of their financial statements.
The cases at the end of each chapter add a lot of value to the text because they get students to focus on the specific issues detailed in each chapter. By picking apart different companies' financial statements we learned to use financial statements to assess the success or failure of companies' efforts to carry out their business strategies.
I rate it "Good - 4 stars"
Required Text.......2002-09-17
This is a required text at my school, but after having read the first 5 chapters there is almost nothing of value that I have read. I have spoken to several people that have used this text for the class in prior semesters and they told me that they had stopped reading it after the first several chapters also.
Excellent Capstone Book.......2000-10-12
This book is an excellent description of all the elements that would go into reviewing a potential investment opportunity. It is not a detailed book in one category, such as financial accounting, but it ties business strategy analysis, financial analysis, forecasting analysis, and valuation analysis together. Most other books focus on one area and don't tie all of these together well. This one takes you down the path to evaluating the opportunity to its fullest. It is an excellent capstone book after you have sifted through the details of strategy, finance, and accounting.
Average customer rating:
- Ok basic, but not too helpful
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Health Care Finance: Basic Tools for Nonfinancial Managers
Judith J. Baker , and
R. W. Baker
Manufacturer: Jones & Bartlett Publishers
ProductGroup: Book
Binding: Paperback
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Similar Items:
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Healthcare Human Resource Management
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Legal and Ethical Issues for Health Professionals
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Management Principles for Health Care Professionals, Fourth Edition
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Essentials of Health Care Finance
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Achieving Success Through Community Leadership
ASIN: 0834212064 |
Book Description
Health Care Finance: Basic Tools for Nonfinancial Managers is a practical financial management text for those who need basic financial management knowledge and a better understanding of health care finance. Using actual examples from hospitals, long-term care facilities, and home health agencies, this text will enable you to read, analyze, understand, and use financial statements and budgets in today's health care environment.
Customer Reviews:
Ok basic, but not too helpful.......2006-02-26
This book gives a good basic overview of the health care finance. Its best feature is that it is applied to health care only, so you don't have to go through other business models. I cannot see using it in the future though - if you are planning to manage your office/work on a budget/evaluate your organization from a financial stand point, this is not the book you will need.
Books:
- Financial Reporting and Analysis (3rd Edition)
- Financial Reporting and Analysis (3rd Edition)
- Financial Statecraft: The Role of Financial Markets in American Foreign Policy
- Food and Beverage Cost Control
- Foundations of Financial Markets and Institutions (3rd Edition)
- Fundamentals of Multinational Finance (2nd Edition) (Eiteman Series)
- Generational Accounting around the World (National Bureau of Economic Research Project Report)
- Governmental and Nonprofit Accounting: Theory and Practice (8th Edition) (Charles T Horngren Series in Accounting)
- Guide to the Sarbanes-Oxley Act: What Business Needs to Know Now That it is Implemented
- History: Fiction or Science? (Chronology, No. 1)
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