The material in the text is supplemented with further analysis on the book's Web site.

Resources for Students

• Chapter supplements for each chapter in the book. The flow chart at the beginning of each chapter of the text refers you to the Web site, and The Web Connection at the end of each chapter summarizes what you will find in the supplements.
• Solutions to the Continuing Case
• Additional exercises for each chapter, along with solutions. Work these exercises and correct yourself with the solutions to reinforce your learning.
• Accounting Clinics I–VII review accounting issues that are particularly relevant to equity and credit analysis. Among the topics covered are accrual accounting, fair value and historical cost accounting, accounting for debt and equity investments, accounting for stock compensation, pension accounting, and the accounting for taxes.
• Build Your Own Analysis Product (BYOAP) on the Web site shows you how to build your own financial statement analysis and valuation spreadsheet product using the principles and methods in the book. It is not a final product that you can immediately appropriate; rather it is a guidebook for constructing your own. As such, it is a learning device; rather than mechanically applying a black-box product, you learn by doing. With the completed product you can analyze financial statements; forecast earnings, residual earnings, abnormal earnings growth, cash flows, and dividends; and then value firms and strategies with a variety of techniques. Add your own bells and whistles. In short, the product is the basis for preparing an equity research report and for carrying out due diligence as a professional. You will find the building process will give you a feeling of accomplishment, and the final product—of your own construction—will be a valuable tool to carry into your professional life or to use for your own investing. Spreadsheet engines for specific tasks are available in the chapter supplements on the Web page for each chapter. Off-the-shelf products are also available. eVal 2000, authored by Russell Lundholm and Richard Sloan, is available through McGraw-Hill/Irwin. Also check out the spreadsheet tool of Dan Gode and James Ohlson, at www.godeohlson.com , that more closely follows the scheme in this book.
• Links to firms' financial statements and to many other sources of financial information. You will also find engines to screen and analyze stocks and to help you build your own analysis tools.
• Market Insight (Educational Version) from Standard & Poor's contains financial information on 370 companies. Access codes are available from your instructor.

Resources for Instructors

The book is accompanied by ancillaries that support the teaching and learning. The Instructor Center on the book's Web site contains the following:

• Solutions Manual with detailed solutions to the end-of-chapter material.
• Teaching Notes with advice for teaching from the book, alternative course outlines, a number of teaching tools, and a commentary on each chapter of the book.
• PowerPoint slides for each chapter.
• Test Bank containing further problems and exercises.
• Accounting Clinics to cover the accounting issues in the book in more detail.
• Chapter Notes for each chapter.