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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 ReportsAuthor: Thomas R. Ittelson
Publisher: Career Press

List Price: $17.99
Buy New: $10.90
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Rating: 4.5 out of 5 stars 56 reviews
Sales Rank: 7020

Media: Paperback
Edition: Rev Exp
Pages: 285
Number Of Items: 1
Shipping Weight (lbs): 1.2
Dimensions (in): 9.9 x 7 x 0.7

ISBN: 1601630239
Dewey Decimal Number: 657.32
EAN: 9781601630230
ASIN: 1601630239

Publication Date: August 15, 2009
Availability: Usually ships in 1-2 business days

Features:
  • ISBN13: 9781601630230
  • Condition: NEW
  • Notes: Brand New from Publisher. No Remainder Mark.
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Also Available In:

  • Unknown Binding - Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports
  • Kindle Edition - Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports
  • Paperback - Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports

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Editorial Reviews:

Product 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.


Customer Reviews:
Showing reviews 1-5 of 56
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4 out of 5 stars Very good book. Kindle images not so good.   November 19, 2009
Ana Pontormo (Sao Paulo, SP, Brazil)
This is a great, very consistent book about accounting. The example transactions are very nice, author shows a great understanting regarding subject and explains really well.
My only complain is about Kindle version: when I read this book on Kindle DX several images don't have a good resolution, they are blur. Except this minor issue, I recommend this book to everyone interested on Financial Statements: if you want to learn about accounting, be a better investor or in your own business.



5 out of 5 stars Financial Statements   November 12, 2009
Jacqueline (Sacramento, CA)
Very well written book. A must for anyone who is learning accounting. It gives step-by-step instructions on all of the financial reports. I gave this book five stars.


5 out of 5 stars excellent   September 11, 2009
Srinivas Singanamalla (VA)
I have not yet completed the reading of the book. I liked the book so much that I wanted to write a review for this.
This book is excellent if you want to know the fundamentals of financial statements.



5 out of 5 stars Written with clear, comprehensive, 'reader friendly' exampled explanations   August 13, 2009
Midwest Book Review (Oregon, WI USA)
0 out of 1 found this review helpful

Financial statements are basic documents specifically designed and intended to codify a company's fiscal status with respect to revenues, expenditures, assets, and liabilities. Now in a newly revised, expanded, and updated edition, "Financial Statements" by business developer and marketing consultant Thoms R. Ittelson explicitly instructs the non-fiscally trained business manager on how to create a financial statement, including cogent explanations of how balance sheets, income statements, and cash flow statements combine to provide accurate and accessible information delineating a company's fiscal status so fundamentally important for decision making. Of special note are the two new chapters on capital budgeting analysis techniques of net present value (NPV) and internal rate of return (IRR) set out in clear, comprehensive, 'reader friendly' exampled explanations. "Financial Statements" is especially recommended for entrepreneurs and business managers who have no previous background in the creation or interpretation of corporate financial statements -- as well as non-specialist general readers considering investing in a company and needing to examine financial statements as a part of their deliberations.


5 out of 5 stars The ability to read financial statements is priceless   August 12, 2009
Mariusz Skonieczny (ClassicValueInvestors.blogspot.com)
2 out of 2 found this 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


Showing reviews 1-5 of 56
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