In Analysis of Financial Statements, Second Edition,Pamela Peterson and Frank Fabozzi team up once again to tackle the changing world of financial statement analysis. This fully revised and up-to-date Second Edition includes discussions on valuable topics such as relating financial statement analysis to valuation; the effects of Sarbanes-Oxley; revenue recognition; distinguishing pro-forma from GAAP. Analysis of Financial Statements, Second Edition, also contains in-depth examinations of today's most important ratios and how they are used; what earnings and P/E ratios are all about; and what cash-flow statements really reveal. Filled with proven techniques backed by illustrative examples, this book will help readers uncover the true state of a company's financial well being.