Part of the CFA Institute Investment Series, International Financial Statement Analysis, Second Edition is designed to help both established and aspiring financial professionals effectively evaluate financial statements in today's global markets. Financial statement analysis is an important tool for gaining insights into the true financial condition of a company, allowing you to make accurate valuations for investment, lending, or merger and acquisition purposes. Written by the distinguished team of Thomas Robinson, Elaine Henry, Wendy Pirie, and Michael Broihahn, along with a number of experienced contributors, the book is a comprehensive compilation of expert wisdom that gives you everything you need to make intelligent financial decisions in an uncertain global economic climate. Designed to help you understand the practical challenges of working with financial statements, the book covers the mechanics of the accounting process, which is the foundation for financial reporting, and the differences and similarities in income statements, balance sheets, and cash flow statements around the world. Other topics addressed include how to assess the implications of any financial statement element or transaction, how different financial statement analysis techniques can provide valuable clues into a company's operations and risk characteristics, and more. Fully revised and updated, this Second Edition features new standards and methods for statement analysis in a post-crisis world. To enhance your understanding of the tools and techniques presented here, pick up the International Financial Statement Analysis Workbook, Second Editon. This companion guide contains carefully constructed problems with detailed solutions as well as concise learning outcome statements and summary chapter overviews.

International Financial Statement Analysis, Second Edition is a straightforward and highly accessible resource for anyone looking to accurately assess the true financial condition of a company, offering a detailed look at how this topic can be understood in a global context and applied around the world.