This well-structured and thoughtful book is ideal for master and bachelor students in accounting and finance, and MBA students wishing to gain insight into financial statement analysis. The second edition provides up-to-date insights and practical advises on how to apply companies’ financial statements for decision making. Focusing on three user groups — equity, credit and compensation analysts — the authors present a variety of targeted tools and techniques for analysis and interpretation of financial statements. Along with updates of the most recent IFRS-accounting standards, this edition also contains new and updated real life examples — many from the Nordic countries – helping the readers understand complex issues when analyzing financial statements. Student tools such as quizzes and multiple choice questions have been updated, which improve the learning. The second edition is filled with expert guidance that students and managers at all levels have to come to trust. Features: A four-part themed approach: accounting data, financial analysis, decision-making, and assessment of accounting data An integrated case study that runs throughout the text Mini-case studies throughout the text to show real world applications Clear and comprehensive figures, featuring actual financial data Thomas Plenborg, PhD, is Professor at Copenhagen Business School. His research is widely published in academic and professional journals and he is a board member for several international companies. He has also consulted multiple international companies on financial issues. Finn Kinserdal, PhD, is Associate Professor at Norwegian School of Economics. He has previously been at McKinsey and been partner at EY, where he held positions as Head of Assurance in Norway and Head of Nordic Oil & Gas and Energy Sector. He has been auditor for some of Norway’s largest firms.