We recommend that you upgrade your browser to the latest version and we encourage you to test and preview our eBook on your device before purchasing. Professor Sommers is an active member of the American Accounting Association and its Financial Accounting and Reporting Section. And you will definitely be glancing back and forth between the two. He has served as Chair of the accounting group and the Director of the Center for Financial Reporting and Management at the University of California, Berkeley. He has served as chairman of the Trueblood Seminar for Professors sponsored by Deloitte. Sommers is Director of the Master of Science in Accounting program and Professor of Practice in Accounting in the Edwin L. Professor Zhang holds an undergraduate degree from Renmin University, and masters degrees from the University of Maryland and Columbia University.
Flexible Structure The curricula, instructor preferences, and course lengths vary across colleges. In keeping with the rest of the book, we used real company data extensively. Analyst Adjustments Analyst Adjustments are incorporated throughout most of the modules. You can purchase course only access on myBusinessCourse. C-9 Statement of Cash Flows Reporting and Analysis pg. His research has been published in Journal of Accounting Research and Journal of Business , Finance, and Accounting. Experiential Learning Students retain information longer if they can apply the lessons learned from the module content.
Mid-Module and Module-End Reviews Financial statement analysis and valuation can be challenging—especially for students lacking business experience or previous exposure to finance, management, and other business courses. B-4 Operating Activities Preview pg. Difference between revenue and income, anyone? Focus companies were selected based on the industries that business students typically enter upon graduation. Niemela Associate Professor of Accounting at the Haas School of Business, University of California, Berkeley. He is an editor of the Review of Accounting Studies. We incorporate the following financial statement effects template to train students in understanding the economic ramifications of transactions and their impacts on financial statements. Easton is an expert in accounting and valuation and holds the Notre Dame Alumni Chair in Accountancy in the Mendoza College of Business.
The aim of those modules is to help us better interpret financial statements and to adjust those statements as necessary to improve our financial statement analysis. Then, the dollar amounts positive or negative of the financial statement effects are recorded in the appropriate balance sheet or income statement columns. If you have a touch device you can also swipe left and right to navigate. You may also like to download. To that end, we provide the following table of possible course designs. Research Insights Academic research plays an important role in the way business is conducted, accounting and analysis are performed, and students are taught.
Postal Code does not match N. Professor Sommers is recognized as an expert in the areas of financial reporting, financial analysis, estimation of cost of capital, and business valuation. Module 3 presents the analysis of financial statements with an emphasis on analysis of operating profitability. Modules 5 through 10 offer an analysis of accounting numbers and disclosures. You will save lots of cash by using this 2nd edition which is nearly identical to the newest editions. For instructors desiring greater emphasis on accounting analysis, additional time can be spent on Modules 1 through 10. To meet this need for experiential learning, we conclude each module with a hands-on analysis project.
For that purpose, I cannot imagine how a book could be better than this one. How is Chegg Study better than a printed Financial Statement Analysis And Valuation 5th Edition student solution manual from the bookstore? C-26 Summarizing Profitability and Creditworthiness pg. She worked as a Chartered Accountant in Canada and is a Certified Internal Auditor. The enhanced instructional value of focus companies comes from the way they engage students in real analysis and interpretation. B-19 Supplemental Disclosures for the Indirect Method pg. Most chapters are down-to-earth and as a whole the book is well-written.
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. It is a good source of knowledge for the students to manage financial statements and extract useful data from them. Financial Statement Analysis and Valuation by Easton McAnally Fairfield is available now for quick shipment to any U. For those desiring a more traditional analysis, journal entries and T-accounts are shown in the margin. This analytical tool is a great resource for students in learning analysis and applying it to their future courses and careers. B-30 Cash Flows from Operating Activities pg.
Analyst Insight boxes, in select modules, highlight the importance of analysts' professional judgment in financial analysis as well as with the reformulation of financial statements. It teaches students how to read, analyze, and interpret financial statement data to make informed business decisions. He has taught financial statement analysis and valuation for over ten years at the graduate level and his teaching materials were previously utilized as resources for another textbook in this area. Professor Sommers teaches financial accounting, including international accounting, in the undergraduate and graduate programs as well as in executive education at Southern Methodist University. Our advice is to contact your financial institution and verify the correct billing information. Flexibility for Courses of Varying Lengths Many instructors have approached us to ask about suggested class structures based on courses of varying length. C-22 Independent Audit Opinion pg.