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

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

Simply the clearest and most comprehensive introduction to financial reporting available. No accounting background is required.

“Finally, a handbook that takes the mystery out of accounting principles.” —Margi Gandolfi, VP Marketing/Strategic Planning of New York Blood Center

This edition replaces all previous editions of this bestselling title based on the revised and expanded edition corrected and back to the basics.

Financial Statements is a perfect introduction to financial accounting for non-financial managers, investors, business students, lawyers, lenders, entrepreneurs, and more. Financial Statements deftly shows that all this accounting and financial-reporting stuff is not rocket science and that anyone 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. Each statement paints a different and essential picture—the “three-legged stool” of company reporting:

• The income statement shows the manufacturing (or service offerings) and selling actions of the company that result in profit or loss during a period. It gives a very important perspective on the company’s performance, its profitability.

• The cash flow statement details cash into and out of the company for a period. You need money to make money. Running out of cash is bad. Duh.

• The balance sheet records at the end of a period, an instant in time, what the company owns and what it owes, including the owners’ stake, called shareholders’ equity.
 

  • Complete Title: Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!)
  • Format: Paperback
  • Language: English
  • Number of Pages: 304
  • Publication Time: September 12, 2022
  • Publisher: Career Press
  • ISBN: 1632652072
  • ISBN13: 9781632652072

About Thomas R. Ittelson

Thomas R. Ittelson Thomas R. Ittelson

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

User ImageAmir

It is not easy to write an accounting book. A lot of accounting books are written for accountants which might makes a lot of sense however a large business audience may be left behind. Mr. Ittelson do…

User ImageMohamed

I have read this book because I am in a process of educating myself about the current financial system governing this world. The outcome of this education process might directly or indirectly benefit…

User ImageRamil

I have had a serious difficulty to understand the way financial statement is constructed and how different elements are connected to one another in it. After reading through this book, now everything…

User ImageAlaeddin Hallak

I loved how it ties all basics you need to know about accounting, valuation, and capital budgeting into one concrete case study. I came out with a lot more confidence in understanding company’s fundam…

User ImageSinh Tài

Great for non-finance types who want an interesting and applicable approach to financial reporting without going into details as in Accounting 101 classes. You get to understand the concepts of financ…

User ImageFengyang Song

The best book I have read in explaining very clearly what each line item on the financial statements mean. For example, how do they link to one another, and most importantly, how do we interpret these…

User ImageTừ Đọc Đến Viết

Một cuốn sách rất hay và dễ hiểu cho những người ngoài ngành, không hiểu về tài chính doanh nghiệp, báo cáo tài chính hay nghiệp vụ kế toán. Cuốn sách đượ…

Abhishek

Finance, Biology and neuro sciences are the very definition of the dry subjects in my opinion. One cannot read a line or two on these subjects without stumbling upon some obscure jargon, making them q…

User ImageAdrian

A total must read for anyone that wants to :- start a business- get some accounting basics- invest in the stock market (my case)I knew there is alot more to company valuation then reading bloomberg ne…

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