Overall Rating: ( 6 reviews )

1. Posted: Jul 22 2008

   I first got this book for Financial Statement Analysis college class....I recently bought the 3rd edition..It's mostly the same stuff but the case studies are newer..If you are into ratios and WHAT they mean..Then this book is the book!!...Pretty academic, number crunching stuff though....Not like reading Freakonomics or anything like that...This is an excellent reference book...Don;t let the negative ratings scare you...If you like ripping apart finacial statements..Then get this book..It has the ratio inside the front COVER for crying out loud!! ;)

2. Posted: Aug 14 2006

   Stickney's book is not for beginners to the subject, as I believe many of those who have rated the book poorly have found. For those with some background in basic accounting however, it is indispensable.

3. ( 1 of 1 found this review helpful ) Posted: Jul 29 2006

   I'm a rising second year MBA student at one of the prominent business schools. I used this book as one of the text books for FSA class after basic accounting and footnote accounting classes. This book is very useful in bringing the picture together to analyze and model a company. It is very practical. I have used it as a reference throughout my internship at an investment management firm. I have read a few other books on security analysis and financial reporting. Most do a great job in discussing the individual topics but don't help in how to apply them in building a model. This book assumes that you know your accounting basics as well as in depth knowledge of certain accounting topics e.g. Revenue recognition issues, securitization, etc. This book does a great job in going through the steps when your boss asks you to analyze a company, prepare its model and do a pro-forma. The authors used the real world example of a complicated company (Pepsi) to demonstrate the FSA steps. This was invaluable. The only reason I gave this book a 4 star is that I'd like to have seen a better job on Industry Analysis. But, nevertheless, it is a very useful book. This is definitely not for hobbyist. As the expensive price indicates, the authors are targetting this book towards business school students who, because of already high 100+k opportunity cost of attending b-school, would not balk at paying a hefty sum to fill in a definite gap amongst FSA books. This book fills that gap well.

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