I have purchased a number of books on Credit Analysis and this is certainly one of the best. The text is well written in an understandable format to explain the ideas of the authors. The examples they give toi illustrate the technical points are generally modern although one example for the mid nineties seemed rather out of date, especially as the accounting concepts have now been overtaken with new rules.
On the whole thoroughly recommended as a practical guide.
This book is invaluable to all learners and practitioners of accounting and business finance. A key strength of the book is its thoroughly worked examples which are integrated into the lucid text making it accessible to users as a reference guide and study manual. The thought provoking end of chapter exercises are an excellent aid to in-depth learning of the complex subject matter.