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Rating: 
Summary: Not really designed for the investor
Review: The title of this book is mis-leading and the author missed a golden opportunity to write a book that truly is a self-study guide to interpreting and analyzing financial statements. This book appears to be written by an accountant for accountants - it goes into excessive detail without ever addressing the needs that an investor has. I was looking for a relatively simple, straightforward book that addresses stock selection on the basis of information gleaned from financial statements. This book claims on its back cover to "show stock market investors how to profit from the knowledge of professionals,... " It doesn't do that. It goes into endless, minute detail about statements but never relates it to stock selection. I feel ripped-off.
Rating:
Summary: Not really designed for the investor
Review: The title of this book is mis-leading and the author missed a golden opportunity to write a book that truly is a self-study guide to interpreting and analyzing financial statements. This book appears to be written by an accountant for accountants - it goes into excessive detail without ever addressing the needs that an investor has. I was looking for a relatively simple, straightforward book that addresses stock selection on the basis of information gleaned from financial statements. This book claims on its back cover to "show stock market investors how to profit from the knowledge of professionals,... " It doesn't do that. It goes into endless, minute detail about statements but never relates it to stock selection. I feel ripped-off.
Rating: 
Summary: Do Not Recommend
Review: This book is not for the easy minded. It's definitions and explanation are often difficult to follow and needlessly technical. I skimmed most of it rather than reading it end to end. In fact I'm buying another book on financial statement analysis.I wouldn't recommend this book to anyone.
Rating:
Summary: Written by a professor, for other professors
Review: This book was a huge disappointment. It is overly technical, dense, and difficult to read. The author uses technical language to such an extent that his information is circular. Technical language to explain technical concepts leaves the reader who is not already an accountant in the dark. Here is an example. "Assets are probably future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. Future economic benefits refers to the capacity of an asset to benefit the enterprise by being exchanged for something else of value to the enterprise, by being used to produce something of value to the enterprise, or by being used to settle its liabilities." (p. 24) If you think this kind of explanation is helpful, you might like this book. I have been in business for 25 years, and to me it is turgid and impossible.
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