Financial statements are the basis for a wide range of business analysis. Managers, securities analysts, bankers and consultants all use them to make business decisions. This volume provides a framework for using financial statement data in a variety of business analysis and valuation contexts. It also details the challenges in revenue recognition such as how to account for payment in advance, multi-period contracts, and bundled services or products is included. It also discusses the credit-worthiness of customers and dissatisfaction about service performance is also included.