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 the analysis and interpretation of financial statements. A real set of financial statements has been used to demonstrate the application across the different areas, thereby allowing students to achieve a deeper level of understanding. 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 readers understand complex issues when analysing financial statements. The third edition simplifies certain presentations to enhance pedagogical clarity. It also addresses how to analyse modern, asset-light companies. Student tools such as quizzes and multiple-choice questions have been updated, which improves learning. The third edition is filled with expert guidance that students and managers at all levels have 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