© 2018

Financial Statements

Analysis and Reporting


Table of contents

  1. Front Matter
    Pages i-xxiii
  2. Overview of Financial Statements and the Statement of Financial Position

    1. Front Matter
      Pages 1-2
    2. Felix I. Lessambo
      Pages 3-22
    3. Felix I. Lessambo
      Pages 23-39
    4. Felix I. Lessambo
      Pages 41-51
    5. Felix I. Lessambo
      Pages 53-67
    6. Felix I. Lessambo
      Pages 75-79
    7. Felix I. Lessambo
      Pages 81-93
    8. Felix I. Lessambo
      Pages 95-104
    9. Felix I. Lessambo
      Pages 105-115
    10. Felix I. Lessambo
      Pages 127-143
  3. The Statement of Income

    1. Front Matter
      Pages 145-147
    2. Felix I. Lessambo
      Pages 149-157
    3. Felix I. Lessambo
      Pages 159-174
    4. Felix I. Lessambo
      Pages 175-180
    5. Felix I. Lessambo
      Pages 181-192
  4. The Statements of Cash Flows and Financial Ratios

    1. Front Matter
      Pages 193-193
    2. Felix I. Lessambo
      Pages 195-206

About this book


Through a mixture of concepts and examples, this book demystifies the variety of elements of financial accounting and uncovers the need-to-know information for certification in this field. This book covers the two aspects of financial statement analysis, namely quantitative and non-quantitative analysis. Concluding with helpful case studies, the book will appeal to students and academics of financial accounting.


Financial Statements Cash Flows Shareholders’ equity IFRS GAAP Foreign Currency Accounting Account Receivables

Authors and affiliations

  1. 1.Central Connecticut State UniversityNew BritainUSA

About the authors

Felix I. Lessambo is an Associate Professor at Central Connecticut State University’s School of Business where he teaches Financial Statements Analysis and Global Financial Reporting. He has practiced international tax, transfer pricing, and alternative investment management groups where he structured and advised on hedge funds and private equity cross-border transactions. He is the author of several books in finance, including The International Banking SystemThe International Corporate Governance SystemInternational Financial Institutions and Their ChallengesInternational Aspects of the US Taxation System, Audit-Assurance Services & Forensics, and Financial Statements: Analysis and Reporting.

Bibliographic information

  • Book Title Financial Statements
  • Book Subtitle Analysis and Reporting
  • Authors Felix I. Lessambo
  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2018
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-3-319-99983-8
  • Softcover ISBN 978-3-030-40507-6
  • eBook ISBN 978-3-319-99984-5
  • Edition Number 1
  • Number of Pages XXIII, 370
  • Number of Illustrations 13 b/w illustrations, 6 illustrations in colour
  • Topics Financial Accounting
  • Buy this book on publisher's site


“This book is a noteworthy addition to the field of accounting and finance. It is geared towards and suitable for those looking for and in need of a comprehensive and working knowledge of financial reporting. The subject matter is quite broad, incorporating much of the materials typically covered in the first 3-4 courses in the financial accounting curriculum, the analytic framework for financial statement analysis, and a detailed discussion of the global regulatory environment for financial reporting. An obvious benefit of the book is the comprehensiveness of the subject matter. Less obvious, but perhaps even more important benefits of the book, are i) the integration of the preparer and user perspectives for financial reporting; ii) the well-thought out organization of the vast amounts of materials, which will help students and readers understand how each detail fits into the whole;  and iii) the consistent perspective/voice with which all the voluminous information is presented.” (Haim Mozes, Professor of Accounting and Taxation, Fordham University, Gabelli School of Business, USA)

“This is an outstanding roadmap to financial literacy for financial professionals, managers, and MBA students worldwide. It showcases the essential aspects of financial statements with clarity and precision. Well-written and highly illustrative, especially within the case study.” (Victor Petenkemani, MS, MBA, Interim Dean, Mercy College, School of Business, New York, USA)