When faced with financial statements of a firm, very often students and even practitioners are seen to be at a loss where to begin with analysis. Most simply compute every ratio they know and interpret them in a standalone manner. They are unable to thread them together to spin a meaningful story that can completely or at least substantially explain what might be happening at the firm. Decision making of any kind based on such a piecemeal approach will remain flawed. This book uses a logical, top-down approach to unraveling the underlying story of the firm. It can be used by students and working executives who have a rudimentary prior idea of financial statements as well as familiarity with the very basic financial ratios. It is a myth that only executives in the finance function need to understand financial statements. Every decision within a firm has implications for the financial statements, and the need for such knowledge increases as one goes up the corporate ladder. The book is intended to be free flowing, with minimum jargon so as to be understood and appreciated especially by non-finance executives and students of business and management.
A propos de l’auteur
Dr. S. Veena Iyer is assistant professor of accounting and finance at the Management Development Institute, Gurgaon, India. She teaches financial accounting, business valuation, and management of financial services businesses to management students at the postgraduate level. She holds a masters in business economics from the University of Delhi and is a fellow of the Indian Institute of Management, Bangalore. She has more than a decade of experience in the corporate sector leading teams of analysts engaged in business and management research on client projects.
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