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

Nowthebest-sellingbookofitskindhasgottenevenbetter.ThisrevisedandexpandedsecondeditionofIttelson'smasterworkwillgiveyouthatfirmgraspof"thenumbers"necessaryforbusinesssuccess.Withmorethan100,000copiesinprint,FinancialStatementsisaperfectintroductiontofinancialaccountingfornon-financialmanagers,stock-marketinvestors,undergraduatebusinessandMBAstudents,lawyers,lenders,entrepreneurs,andmore.Mostintroductoryfinanceandaccountingbooksfaileitherbecausetheyarewritten"byaccountantsforaccountants"ortheauthors"dumbdown"theconceptsuntiltheyarevirtuallyuseless.FinancialStatementsdeftlyshowsthatallthisaccountingandfinancial-reportingstuffisnotrocketscienceandthatyoucanunderstandit!Ittelsonempowersnon-financialmanagersbyclearlyandsimplydemonstratinghowthebalancesheet,incomestatementandcashflowstatementworktogethertooffera"snapshot"ofanycompany'sfinancialhealth.Everytermisdefinedinsimple,understandablelanguage.Everyconceptisexplainedwithabasic,straightforwardtransactionexample.Andwiththebook'suniquelyvisualapproach,you'llbeabletoseeexactlyhoweachtransactionaffectsthethreekeyfinancialstatementoftheenterprise.TwonewmajorsectionswithninenewchapterswereaddedtothisrevisedsecondeditionofFinancialStatements,simplytheclearestandmostcomprehensiveintroductiontofinancialreportingavailable.