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Book Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports


Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports

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    Available in PDF - DJVU Format | Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports.pdf | Language: ENGLISH
    Thomas R. Ittelson(Author) Chris Ensweiler(Narrator)

    Book details

With more than 100,000 copies in print, FINANCIAL STATEMENTS is a perfect introduction to financial accounting for non-financial managers, stock-market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs and more.Most introductory finance and accounting books fail either because they are written by accountants for accountants or the authors dumb down the concepts until they are virtually useless. FINANCIAL STATEMENTS deftly shows that all this accounting and financial-reporting stuff is not rocket science and that you can understand it!Ittelson empowers non-financial managers by clearly and simply demonstrating how the balance sheet, income statement and cash flow statement work together to offer a snapshot of any company's financial health. Every term is defined in simple, understandable language. Every concept is explained with a basic, straightforward transaction example. And with the book's uniquely visual approach, you'll be able to see exactly how each transaction affects the three key financial statements of the enterprise.Two new major sections with nine new chapters were added to this revised second edition of FINANCIAL STATEMENTS, simply the clearest and most comprehensive introduction to financial reporting available.

-After reading Financial Statements, executives will no longer have to pretend that they understand what financial statements mean. A great introductory book.---Timothy D. MacLellan, CPA, PFS, partner, Morgan & Morgan, PC-Finally, a handbook that takes the mystery out of accounting principles. I recommend this book to any 'non-financial' type who sits at the head of the table--boardroom or kitchen.---Margi Gandofi, vice president, strategic programs/clinical services, New York Blood Center-I wish this book were around when I started my first company. The entrepreneur can learn in one evening's reading what it took me two years of learning-by-doing!---Gordon B. Baty, partner, Zero Stage Capital --This text refers to the Paperback edition.

2.5 (9314)
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*An electronic version of a printed book that can be read on a computer or handheld device designed specifically for this purpose.

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Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch.
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes

Book details

Read online or download a free book: Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports


Review Text

  • By Danny Siden on 26 July 2012

    I run a small design consultancy. I have no education in finance. While I've always bene comfortable with P&L statements I've never known what to do witha balance sheet. After reading this book I feel much more informed and much more able to analyse the Balance sheet and the P&L.The book comes complete with a very thorough set of examples based upon a fictitious company doing a number of different transactions as it goes from startup through several manufacturing cycles. These examples show you how every different type of transaction affects the financial statements.... this is terrific.The one down side, is that it is written from an American perspective, and my company is based in the UK. However there is a huge amount of crossover. Some terminology may differ and the governing bodies are different, but other than that this book provides an excellent foundation for the non-expert.

  • By Suki on 25 June 2017

    Bit too much of a college style textbook for me. But will be insightful if that is what you require.

  • By lean on 5 June 2017


  • By jmcc on 22 April 2013

    Basic overview. Suitable/ recommended for non-financial practitioners, or for finance begginers, such as undergraduate students. Not recommend for someone who already has a finance/ accounting background.

  • By Mariusz Skonieczny on 15 November 2009

    This is an excellent book introducing readers how to read financial statements. The author does a great job of explaining a complicated topic in easy and plain English. He writes about the income statement, balance sheet, cash flow statement, and how they connect with each other. Financial statements do not exist in a vacuum. For example, when a product is sold, the transaction is shown on the income statement because revenue is earned. But it is also shown on the balance sheet because the product has to be taken out of inventory and if cash is received, the amount must be added to the cash balance. The cash flow statement is also affected.Every investor should invest time in learning about how to read and understand financial statements. Accounting is the language of business. I highly recommend this book to anyone who is interested in learning this language.- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

  • By Lulu on 6 March 2011

    This is a great book. It's simple and explains things very very clearly. I am an MBA student in my final semester and honestly since reading the book, it's the first time I understand things clearly regarding financial statements. It's a wonderful book to understand the bigger picture and not be confused.

  • By zalina mamedkuliyewa on 9 March 2015

    Written in a very easy language. Suitable for beginners in accounting. Not the right book for practicing financial managers or MBA students.

  • By TJS on 31 July 2015

    Looking forward to reading this with my 2 year old grandson, looks easy enough for him to follow,

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