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Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports: A Step by Step Guide to Understanding and Creating Financial Reports [Kindle Edition]

Thomas R. Ittelson
3.9 out of 5 stars  See all reviews (7 customer reviews)

Print List Price: £15.99
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Book Description

Now the best-selling book of its kind has gotten even better.This revised and expanded second edition of Ittelson's master work will give you that firm grasp of "the numbers" necessary for business success.

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 statement 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.

Product details

  • Format: Kindle Edition
  • File Size: 10520 KB
  • Print Length: 285 pages
  • Publisher: Career Press; Rev Exp edition (15 Aug. 2009)
  • Sold by: Amazon Media EU S.à r.l.
  • Language: English
  • ASIN: B004GGU342
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (7 customer reviews)
  • Amazon Bestsellers Rank: #49,393 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

3.9 out of 5 stars
3.9 out of 5 stars
Most Helpful Customer Reviews
2 of 2 people found the following review helpful
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
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3 of 3 people found the following review helpful
5.0 out of 5 stars simple cover with great content 6 Mar. 2011
By Lulu
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.
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1 of 1 people found the following review helpful
Format:Paperback|Verified Purchase
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.
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Format:Kindle Edition|Verified Purchase
Written in a very easy language. Suitable for beginners in accounting. Not the right book for practicing financial managers or MBA students.
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