Strong author platform. The trusted author team of Peterson and Fabozzi are updating Analysis of Financial Statements to reflect the changes in the industy over the past five years.

Update of an important and rapidly changing topic. The accounting world has been stormy of late.  Peterson and Fabozzi offer examples and updates from the world of financial statement analysis such as relating financial statement analysis to valuation, a short coverage of recent scandals and the effect of Sarbanes-Oxley, added emphasis on revenue recognition issues, distinguishing pro-forma from GAAP, simplifying models, and expanding on different earnings amounts. 

More comprehensive scope.  Peterson and Fabozzi present a reorganization of the existing material in order to streamline the text to accomodate the updates.  Discussion of material within specific chapters is now broadened and used in cross-reference and/or moved to new chapters to contain ideas.