SIMPLE FINANCE
Revsine reduces complex principles with easily understood real life case studies.
Author taught for thirty years at Northwestern University's Kellogg School of Management.
This textbook includes exercises, problem and discussion questions, cases covering all aspects of financial reporting and analysis. Boxes have neat short definitions and explanations of terms. Common financial ratios are explained and their importance spelled out clearly. Accounting requirements, earnings quality considerations, cash flow analysis and balance sheet quality are all thoroughly covered in clear, cogent prose. Critical analysis, problem solving, understanding the determining forces behind management accounting choices are discussed so that the reader can understand where the numbers come from, what measurements are used, and how they appear in accounting records. A useful handbook not only for those who prepare financial statements, but also for those who use financial statements for making decisions:
lenders, investors, auditors, boards. Very good on showing how statements can reveal and conceal financial truth. Handy guide for making realistic valuations, comparing companies and evaluating management.
