Book by Gibson Charles H
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This extensively revised eighth edition thoroughly involves students with financial statements by using real-world examples. It builds skills in analyzing real financial reports through statements, exhibits, and cases of actual companies. Emphasis is placed on the analysis and interpretation of the end result of financial reporting--financial statements.
In this completely updated version, Gibson reflects recent changes in accounting standards and current financial reporting problems, such as international standards, deferred taxes, and financial instrument disclosures. It provides real world examples through companies such as McDonnell Douglas, Intel, and Delta Airlines. These examples are used in the illustrations, problems, cases, and analyses contained in the book, connecting theory to real applications. Manufacturing, retailing, and service sectors are all covered in the book, with the differences between the industries described in depth. Regulated and non-regulated industries are also included. A comprehensive case at the end of the book examines Worthington Industries and provides an opportunity to tie concepts together in an extensive analysis of a profit-oriented business.
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