Understanding Financial Statements, 7/E retains its reputation for readability, concise coverage, and accessibility while incorporating the many new requirements and changes in accounting reporting and standards. It gives readers the conceptual background and analytical tools necessary to understand and interpret business financial statements. The book covers the tools and techniques needed to analyze and interpret financial statements, income statements, balance sheets, and cash flow statements. For controllers, CFOs, financial analysts, credit analysts, or business managers who need a valuable reference book. For any individual who wants to learn how to read and interpret financial statements.