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    Unavailable
    Financial Statements, Third Edition: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!)
    Unavailable
    Financial Statements, Third Edition: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!)
    Unavailable
    Financial Statements, Third Edition: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!)
    Ebook430 pages3 hours

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

    By Thomas Ittelson

    5/5

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    Currently unavailable

    Currently unavailable

    About this ebook

    Over 200,000 copies sold!

    Thomas R. Ittelson’s master work for entrepreneurs, non-financial managers, business students, lawyers, lenders, and investors—the bestselling book of its kind, with over 200,000 copies in print—has gotten even better with this 20th anniversary edition.

    Ittelson is an expert at translating complicated financial topics in an accessible way for non-financial audiences. In this book, he empowers readers by clearly and simply demonstrating how the three major accounting statements interact to offer a snapshot of a company's financial health.

    This book teaches readers how to use specialized accounting vocabulary and makes accessible the structure and purpose of the three major numeric statements that describe a company’s financial condition. 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.

    With two new major topic sections (nonprofit organization accounting and pricing theory for profitability) and spot color reformatting to improve comprehension, this third edition of Financial Statements is simply the clearest and most comprehensive introduction to financial reporting available. No accounting background is required.

    LanguageEnglish
    PublisherCareer Press
    Release dateMar 18, 2020
    ISBN9781632657596
    Unavailable
    Financial Statements, Third Edition: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!)

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    Reviews for Financial Statements, Third Edition

    5/5

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    • 5/5
      If you find yourself needing to have a conceptual understand of financial statements, what they tell, how they are put together, and how they can be interpreted, it is hard to go wrong with this engaging, approachable book.
    • 4/5
      A colleague years ago explained - in about 25 words - the concept of double-entry accounting. If you don't understand that basic concept and aren't prepared to explain it to anyone you meet then this book may well leave you bewildered. However, once the concept is understood, this book is a good 'traveling companion' through the morass of financial statements. If you're in an industry where a standardized chart of accounts is used for comparison, you'll be able to more accurately determine which of several sound-alike accounts would be most appropriate for what you're trying to accomplish. The style of presentation is, at times, a bit too succinct for the concepts involved and the typeface layout isn't the best for this type of book. Those nits notwithstanding, it's a good book for someone getting more in-depth into accounting in an organization where there aren't already a lot of pre-established requirements. I wouldn't rate it as particularly helpful for someone trying to create financials for financing purposes.