A supplementary text for a variety of Business courses, including Principles of Financial Accounting, Intermediate Accounting, Investments, Personal Finance, and Financial Planning and Analysis. In Understanding Financial Statements 6/e, Lyn Fraser and Aileen Ormiston teach students how to work through the obstacle course of data that make up a company's financial statements. They show what paths to follow in order to glean out the information needed to ultimately determine the financial health of a business. By using examples, illustrations, and explanations, the authors get behind the numbers and accounting policies to assess how well companies are actually performing. And, with an emphasis on analysis, the book breaks financial statements into parts for individual study so that students better understand the whole of their content as a map to intelligent decision-making. Adopt the new edition of Fraser/Ormiston and your students will have financial statements at their command!