Charles H. Gibson is a certified public accountant with more than 25 years of teaching experience as well as four years of industry experience in practice with a Big Five accounting firm. His teaching has encompassed a variety of accounting courses, including financial, managerial, tax, cost, and financial analysis. Dr. Gibson has written more than 60 articles in such journals as the JOURNAL OF ACCOUNTANCY, ACCOUNTING HORIZONS, JOURNAL OF COMMERCIAL BANK LENDING, CPA JOURNAL, OHIO CPA, MANAGEMENT ACCOUNTING, RISK MANAGEMENT, TAXATION FOR ACCOUNTANTS, ADVANCED MANAGEMENT JOURNAL, TAXATION FOR LAWYERS, CALIFORNIA MANAGEMENT REVIEW, and JOURNAL OF SMALL BUSINESS MANAGEMENT. He is a co-author of the Financial Executives Research Foundation Study entitled "Discounting in Financial Accounting and Reporting." Gibson is a member of the American Accounting Association, American Institute of Certified Public Accountants, Ohio Society of Certified Public Accountants, Institute of Internal Auditors, and Financial Executives Institute. He has been particularly active in the American Accounting Association and the Ohio Society of Certified Public Accountants.
This book assumes familiarity with accounting. If you've completed all your basic accounting courses, the material expands on interpreting financial statements. As far as the analysis portion, it covers the basics.
The author presents a ratio, and for the most part, gives a simple explanation, followed by practical examples. For the most part the book is a series of case studies with financial statements and applying ratios. There are a fair amount of exerpts from different firms from different industries. Another aspect is the author cites references for topics such as GAAP rules or regulations. The references were quite useful in verifying the textbook material and applicability. For example, by following the references you could find that some of the issues were still under consideration and you could expect a possible change in the future.
The textbook was helpful in understanding the financial statement notes. Most firms do disclose information, the bad part is that it's overlooked or users don't understand it. The ratios are very simple, the hard part is interpreting it's significance in relation to other ratos. For example, profitability ratios may look great, but the equity or liability ratios look horrible. As a whole, the book is a good reference in the future.
Hopefully the author will add an appendice with a guided walkthrough of retrieving financial statements through Edgar and highlighting points of interest in a specific statement.
Product Details :
- Hardcover: 688 pages
- Publisher: South-Western Cengage Learning; 13th edition (May 10, 2012)
- Language: English
- ISBN-10: 1133188796
- ISBN-13: 978-1133188797
More Details about Financial Reporting and Analysis Using Financial Accounting Information (with Thomson ONE Printed Access Card) 13th Edition
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