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CLYDE P. STICKY and PAuL R. BROWN, Financial Reporting and Statement Analysis: A Strategic Perspective, Fourth Edition (Orlando, FL: The Dryden Press, 1999, pp. mdii, 908).
The text is organized in four parts consisting of 12 chapters and three appendices. The four parts are, respectively, "Foundation for Effective Financial Statement Analysis," "Impact of Generally Accepted Accounting Principles on Profitability and Risk Analysis," "Exploring Profitability and Risk Analysis in More Depth," and "Financial Statement Analysis and Valuation."
A major strength of this text is that it elevates analysis of financial statements from a simple mechanical approach involving ratio analysis to a sophisticated three-fold approach where students probe the economic characteristics and current conditions of the firm's businesses, the particular strategies the firm has chosen in order to...