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Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!)

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Arrives Tuesday, Jul 29
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Description

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. Read more

Publisher ‏ : ‎ Career Press; Reissue, Classic edition (September 12, 2022)


Language ‏ : ‎ English


Paperback ‏ : ‎ 304 pages


ISBN-10 ‏ : ‎ 1632652072


ISBN-13 ‏ : ‎ 72


Item Weight ‏ : ‎ 2.31 pounds


Dimensions ‏ : ‎ 6.8 x 0.9 x 9.6 inches


Best Sellers Rank: #22,372 in Books (See Top 100 in Books) #1 in Business Pricing #9 in Financial Accounting (Books) #284 in Business & Investing Skills


#1 in Business Pricing:


#9 in Financial Accounting (Books):


Frequently asked questions

If you place your order now, the estimated arrival date for this product is: Tuesday, Jul 29

Yes, absolutely! You may return this product for a full refund within 30 days of receiving it.

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Top Amazon Reviews


  • Very Detailed - Awesome
I love my book, it takes you through each step of the balance sheet, income statement, cash flow statement, and how to calculate the formulas.
Reviewed in the United States on January 4, 2024 by Carlette C.

  • Excellent book on financial statements
This is a phenomenal book! Explains financial statements to non-financial person with very easy to follow examples. Book is very easy to read an understand. I now have a much better understanding on how to interpret financial statements than ever before! Thank you.
Reviewed in the United States on May 1, 2023 by Master

  • Thanks
As described
Reviewed in the United States on April 30, 2024 by Troop

  • Simple but major typo
This is a simple book to get you going on your way to understanding financial statements. There are two significant typographical errors that perpetuate throughout the book and they have to do with the Cash Flow Statement, which is the focus of Chapter 4. It shows the calculation to generate d. Cash from Operations as b. Cash Receipts minus c. Cash Disbursements plus d. Cash from Operations (b - c + d). It should read b - c = d. More seriously, it shows the final line i. Ending Cash Balance as the sum of a. Beginning Cash Balance plus b. Cash Receipts minus e. Fixed Asset Purchases plus f. Net Borrowings minus g. Income Taxes Paid plus h. Sale of Stock (a + b - e + f - g + h). It should read a + d - e + f - g + h. ... show more
Reviewed in the United States on March 2, 2021 by Amy Osborne Amy Osborne

  • Helping
It's helpful and easy to understand . I read it repeatedly..
Reviewed in the United States on August 30, 2023 by Carmela Gonzalez

  • Understanding your business
This book is an excellent starting point for getting your feet wet in understanding financial accounting. Learning through an example.
Reviewed in the United States on September 9, 2023 by Bratimir

  • excellent resource
I love the way author has made the topic approachable. Very readable and easy to understand.
Reviewed in the United States on February 21, 2023 by kk

  • great book
great book
Reviewed in the United States on March 2, 2023 by Shlomo David

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