This book is designed to help investment professionals and students effectively evaluate financial statements in today's international and volatile markets, amid an uncertain global economic climate. The distinguished team of authors, along with experienced contributors, provides complete coverage to one of the most important issues in the field. International Financial Statement Analysis, 2nd edition, fully updated with new standards and methods for a post crisis world, covers the mechanics of the accounting process, which is the foundation for financial reporting; the differences and similarities in income statements, balance sheets, and cash flow statements around the world, examines the implications for securities valuation of any financial statement element or transaction, and shows how different financial statement analysis techniques can provide valuable clues into a company's operations and risk characteristics. The book also includes coverage of income tax accounting and reporting, the difficulty of measuring the value of employee compensation, and the impact of foreign exchange rates on the financial statements of multinational corporations.