Higher Education

Financial Reporting and Analysis: Using Financial Accounting Information, 12th Edition

  • includes ThomsonONE Printed Access Card
  • Charles H. Gibson The University of Toledo
  • ISBN-10: 1439080607  |  ISBN-13: 9781439080603
  • 640 Pages
  • Previous Editions: 2009, 2007, 2004
  • © 2011 | Published
  • College Bookstore Wholesale Price = $275.75
  • Newer Edition Available
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Now you can teach financial accounting from both a user's and preparer's perspective with a wealth of actual examples, cases, and real financial statements found in Gibson's FINANCIAL REPORTING & ANALYSIS: USING FINANCIAL ACCOUNTING INFORMATION, Twelfth Edition. This effective text emphasizes the analysis and interpretation of the end result of financial reporting--financial statements. The author focuses on the language and preparation of financial statements throughout. Students analyze real financial reports, 10Ks, proxy statements, other exhibits, and cases drawn from actual companies. Nike, used as a continuing focus company throughout the text, provides the opportunity for students to become familiar with a single organization and better understand the meaning of its statements within a competitive context. The new edition includes updated and expanded discussions about GAAP Codification, IFRS, Fair Value, and the impact of the recent financial crisis. In addition to a wide variety of problems, questions, cases, and Web references for practice and application, students have access to the robust Thomson ONE: Business School Edition--the same online financial analysis tool used by Wall Street professionals every day. With the book's well-organized framework for learning and emphasis on numerous industries, your students leave the course prepared for success, no matter what area of business they pursue.

Features and Benefits

  • Emphasis on the use of financial accounting information: Highlighted ratios, cases, illustrations, and an ongoing case study using Nike, a company that appeals to your students, all assist in comprehension with a focus on how financial accounting information is used every day. Students gain a basic understanding of GAAP and the accounting model as they learn to recognize the limits of financial reports and evaluate liquidity, debt, and profitability.
  • Access to ThomsonONE, Business School Edition for Financial Analysis: Your students access company data, financial analyst data and forecasts, and SEC disclosure statements for hundreds of companies as they complete financial analyses using the same online resource used by professional Wall Street analysts every day.
  • Variety of proven end-of-chapter applications: A wealth of diverse problems, questions, cases, and Web connections at the end of each chapter provide numerous opportunities for students to practice and apply concepts prior to exams.
  • Coverage of numerous industries prepares students for the actual business world: In-depth coverage of manufacturing, retailing, and service sectors compares the differences among these key industries as well as between regulated and non-regulated industries. This edition's emphasis on realistic coverage prepares students for successful, profitable careers in any of these business sectors.
  • Internet exercises for obtaining critical data: Your students learn how to maximize the resources on today's World Wide Web within each chapter's "To the Net" exercises. Numerous examples of websites from organizations and companies throughout the book give students additional opportunities to examine businesses in more depth.
  • Extensive examples from well-known companies: Students are better able to visualize financial reporting and immediately see the relevance of concepts and theories as numerous examples from actual, recognized companies are woven through this edition's illustrations, problems, cases, and analyses.
  • Manageable table of contents for well-organized framework for learning: Following the order of this edition's chapters provides a solid foundation in the basics of financial accounting and financial statements as well as analysis of liquidity, debt, and profitability and special case and industry analysis.

Table of Contents

1. Introduction to Financial Reporting.
2. Introduction to Financial Statements and Other Financial Reporting Topics.
3. Balance Sheet.
4. Income Statement.
5. Basics of Analysis.
6. Liquidity of Short-Term Assets; Related Debt-Paying Ability.
7. Long-Term Debt-Paying Ability.
8. Profitability.
9. For the Investor.
10. Statement of Cash Flows; Summary Analysis of Nike, Inc.
11. Expanded Analysis.
12. Special Industries: Banks, Utilities, Oil and Gas, Transportation, Insurance, Real Estate Companies.
13. Personal Financial Statements and Accounting for Governments and Not-for-Profit Organizations.

What's New

  • Ratios have been revised to conform with current standards.
  • The discussion of international accounting has been updated significantly, with the inclusion of a model IFRS balance sheet and income statement.
  • Ethics coverage has been expanded to include the latest ethical challenges faced in the world of business.
  • A new exhibit discusses the latest guidance on the use of fair value.
  • End-of-chapter Questions, Problems, and Cases have been updated, including 45 revised cases and 27 new cases.
  • Internet exercises have been updated and new exercises added.
  • Online quizzes and PowerPoint slides have been significantly revised.
  • Test Bank is now available with ExamView.


All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Student Supplements

Financial Reporting and Analysis: Using Financial Accounting Information (Book Only)  (ISBN-10: 1439080860 | ISBN-13: 9781439080863)

List Price = $410.95  | College Bookstore Wholesale Price = $309.00

Meet the Author

Author Bio

Charles H. Gibson

Charles H. Gibson is a certified public accountant with more than 25 years of teaching experience as well as four years of industry experience in practice with a Big Five accounting firm. His teaching has encompassed a variety of accounting courses, including financial, managerial, tax, cost, and financial analysis. Dr. Gibson has written more than 60 articles in such journals as the JOURNAL OF ACCOUNTANCY, ACCOUNTING HORIZONS, JOURNAL OF COMMERCIAL BANK LENDING, CPA JOURNAL, OHIO CPA, MANAGEMENT ACCOUNTING, RISK MANAGEMENT, TAXATION FOR ACCOUNTANTS, ADVANCED MANAGEMENT JOURNAL, TAXATION FOR LAWYERS, CALIFORNIA MANAGEMENT REVIEW, and JOURNAL OF SMALL BUSINESS MANAGEMENT. He is a co-author of the Financial Executives Research Foundation Study entitled "Discounting in Financial Accounting and Reporting." Gibson is a member of the American Accounting Association, American Institute of Certified Public Accountants, Ohio Society of Certified Public Accountants, Institute of Internal Auditors, and Financial Executives Institute. He has been particularly active in the American Accounting Association and the Ohio Society of Certified Public Accountants.