Lurking somewhere amidst all the figures in a financial report is vitally important information about where a company has been and where it is headed. But without a guide to isolate and interpret those numbers, the dizzying array of columns and rows doesn’t add up to a hill of beans. That’s why thousands of professionals and savvy individuals have referred to this bestselling resource that shows anyone how to make sense of all those numbers.
If you’re someone who works with financial reports or needs to understand them—but have neither the time nor the need for an indepth knowledge of accounting—this book will help you cut through the maze of accounting information to find out what those numbers really mean. It steers you quickly and painlessly through the basic accounting concepts and line-by-line explanations of the basic financial statement. Complete with a visual guide that leads you through the intricacies of financial reporting, How to Read a Financial Report shows you how the three essential parts of every financial report—the balance sheet, the income statement, and the cash flow statement—fit together and what it all means to you and your company.
Updated throughout, this new edition addresses the many changes in the financial world in the past few years, including new pronouncements of the Financial Accounting Standards Board, new income tax laws, and emerging financial reporting problems. Also, all exhibits have been made easier to follow. Features updates on:
The book is perfect fit for it's audience. The articulate the relationships between the three financial reports are critical knowledge to understand the function of the financial... Read morePublished on Jan. 10 2007 by Entrepreneur to be
John Tracy does explain the 3 important "sheets" of a complete financial report. But he failed to help me understand what can be ascertained from more abstract concepts... Read morePublished on Aug. 13 2002
Concepts such as pro forma statements and restatement of earnings just aren't addessed in this 1999 book. Time for another update!Published on Feb. 14 2002
John Tracy does an excellent job of reviewing the basics of reading a financial report. His treatment of how the Balance Sheet, Income, and Cash Flow Statements are related to... Read morePublished on June 15 2001 by Naeem