Publisher's Synopsis
Praise for Financial Instruments & Institutions
"In Financial Instruments and Institutions: Accounting and Disclosure Rules, Steve Ryan cuts through the rhetoric, capably dispatching the arguments against fair value accounting for financial instruments. He provides clear, straightforward explanations of the current disclosures of fair value information. He walks investors through the disclosures illustrating how to use the information on key instruments to make the necessary adjustments to the reported balance sheet and income statement. Throughout the book, Steve provides invaluable guidance to users of financial statements. Both the conceptual discussions and numerous case studies make it clear that, until financial institutions recognize financial instruments at fair value, investors must use the limited, less–than–perfect information disclosed in financial reports to evaluate effectively the value and risks of financial instruments to the institutions that hold them. I believe that this book will be informative for the most, as well as the least, experienced investors."
–Patricia Doran Walters, PhD, CFA
Senior Vice President, Professional Standards and Advocacy
Association for Investment Management and Research (AIMR)
"Ryan provides the tools needed for the financial analysis of banks, insurance companies, and other financial intermediaries. He explains how to use these companies′ disclosures to understand the sources of their profitability and the related risk factors."
–Gerald I. White, CFA, President, Grace & White, Inc.
"This book is as thoroughly comprehensive and up–to–date as can be on this evolving–and critical–subject, and it′s thoughtfully arranged. Any analyst who′s serious about understanding the issues embedded in fair value accounting needs to have a copy of this book within arm′s reach."
–Jack Ciesielski, Publisher, The Analyst′s Accounting Observer
