Financial Reporting, Financial Statement Analysis, and Valuation (6th edition) by Clyde P. Stickney

Publisher: South-Western College Pub
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Product Description

Stickney/Brown/Wahlen is a balanced, flexible, and complete Financial Statement Analysis book that is written with the premise that students learn financial statement analysis most effectively by performing the analysis on actual companies. Students learn to integrate the concepts from economics, business strategy, accounting, and other business disciplines through the integration of a unique six-step process.

Customer Reviews

Best book on FSA I have ever read

Review Date: September 28, 2007

Reviewer: Ms. Qing Xue, Parsippany, NJ United States

I like its strategic focus and case-oriented approach. The FSAP is terrific. In this book, financial statements finally found its correct place: describe the strategic decisions made by management. This book is never dry. Instead, it is vivid, fascinating, and a great reading for anyone who is serious with a career in equity research.

Accolades from a CFA Level 3 candidate

Review Date: January 10, 2010

Reviewer: Amirshayan Mohammadi, Bay Area, CA

I purchased this textbook because I knew that it was being used at Tuck school of business in a second year advanced financial accounting course. Unfortunately this book has received extremely poor reviews in Amazon. When I purchased this book I was intimidated by the bad reviews whether or not I could even understand the material. When the book arrived I read through it. I finished the entire textbook without having any issues about not understanding anything.

I went ahead and contacted the two authors to complement them on such a wonderful, advanced textbook on fundamental security analysis. I also used the FASP spreadsheet to valuate companies.

Granted this book is very advanced and probably not suitable for just any ordinary MBA student. I am going to attend a JD MBA program and am currently a CFA Level 3 candidate. I think this book is really the essence of fundamental security analysis, whether you are working on the proprietary trading desk at Goldman Sachs in a Long / Short strategy, or within a hedge fund, mutual fund like Fidelity, or equity research division of a bulge bracket bank.

This is not an introductory textbook to security analysis or financial accounting. These authors make that clear and have written other textbooks also available on Amazon for introductory lessons to financial accounting. I believe this is one of the best books I have ever read on the subject, a modern day Security Analysis textbook like Graham and Dodd. I noticed that this was the most expensive textbook I have ever purchased, but I feel very strongly that the skills I have reinforced in this textbook will pay a premium for the rest of my career in various capacities as a front office investment professional.

A good try

Review Date: January 12, 2008

Reviewer: Qiong Sun, NYC, NY USA

We have used this book for the Accounting II class last term. It is not bad, though a little bit complicated. Since I was with an accounting major in undergraduate, it is not tough for me.

I guess the author is trying to help you to consider the complicated accounting treatment with the underlying business strategy. Meanwhile, probably he assumes a familiarity with accounting basics of the readers.

Overall it is a pretty good text for graduate program I think. Also, you have to pay more efforts to understand it well if without an accounting background.

finance textbook

Review Date: January 29, 2010

Reviewer: E. Kim, FLORIDA

Got this book for a finance class at USF. Price on Amazon is way better than the bookstores. Pretty complex financial topics, but the teacher did a great job explaining things. Without the class and powerpoints, you might get lost in this book.

Not so bad

Review Date: December 29, 2008

Reviewer: KY52, Minneapolis,MN

I have used this book for my Financial Statement Analysis class at my MBA program and I can not say it was a bad book. Since I am neither a business nor an accounting major, this book helped me learn a lot...maybe if you are looking for really very detailed FSA book, it might not satisfy you..........