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

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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 Reports


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


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

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

Product details

Paperback: 288 pages

Publisher: Weiser; 2 edition (August 15, 2009)

Language: English

ISBN-10: 1601630239

ISBN-13: 978-1601630230

Product Dimensions:

7 x 1 x 10 inches

Shipping Weight: 1.2 pounds (View shipping rates and policies)

Average Customer Review:

4.6 out of 5 stars

371 customer reviews

Amazon Best Sellers Rank:

#8,959 in Books (See Top 100 in Books)

Wow, what a great book! I am a technical professional enrolled in a graduate business degree program, and until now the plethora of financial and accounting terminology and rules has been bewildering for me. That is no longer true after buying this book. I have primarily used it as a reference book, and without fail any explanation I have needed has been easy to find, clear and concise.I am no longer in the financially confused majority, largely thanks to this book. The author's education is in biochemistry (as is my undergraduate education), and because he originally came from the hard sciences where clarity and accuracy are valued above all else he was better able to be clear and easy to understand in comparison to many business school authors who seem to thrive on jargon and platitudes.This is a great book to have on the reference shelf. If you are involved with business finance or investment analysis it is simply the best book available on the subject and should be considered indispensable!

I enjoyed reading this book (as much as one could enjoy a book on numbers that is!). I wanted to brush up on my accounting so I could better read financial statements for public companies I invest in. I took accounting a long time ago in college so knew the basics but even that was a little rough around the edges for me.This book lays out clearly the 3 main financial statements (Balance Sheet, Income Statement, Cash Flow) and provides a sample company so you can follow along how each works and is related to the others. It is well written and the examples nicely formatted so you can follow along.I would recommend this book to anyone that knows nothing about financial statements or somebody like me who just needs to brush up again on the basics and a bit beyond them too.

This is a really good book for review. I am going back into a business degree and Its been several years since I have had accounting. This book acted as a great refresher and it is laid out in a very logical manner. I would say that you might wanted to consider the printed version vs the kindle version. Because of the layout of the book and the type of subject matter, it does not lend itself to be easy to read on the kindle.

A solid foundation is critical to understanding concepts. So you'd think most books would spend a lot of time ensuring and clarifying the basics, right? Wrong! Simply not true! Most of the accounting/finance books just don't get into clarifying the very basics - the confusing array of terms used, how they fit together, what they actually mean in a real world setting, etc.This book - a must on every manager’s shelf - adds value by providing clear and concise definitions and relates them visually. The chapter on connections ties a lot of information together with such ease. Above all the step by step examples go a long long way into clarifying any remaining confusion you'd have. It is very easy to read. You'd probably finish it over a weekend. So it is tremendous bang for buck.Clearly the first introductory book one should read. There are plenty of good books for the next level (IMHO).**_Simply go get it - read it. Enjoy the clarity in your decision making. Highly recommended._**Here is a list of books that might also help.Introductory level:1. Financial statements (Thomas Ittelson, this book)2. How to use financial statements: A guide to understanding the numbers (James Bandler)3. How to read a financial report: wringing vital signs out of numbers (John A. Tracy)Next Level:4. Financial Statement Analysis: the investors self study to interpretting & analyzing financial statements, revised edition (Charles J. Woelfel)5. Analysis For Financial Management (Robert C. Higgins) - This is one excellent book.6. Techniques Of Financial Analysis: A Modern Approach (Eric A. Helfert)7. Finance & Accounting for Nonfinancial Managers (Steven A. Finkler)MBA Level:7. The Analysis And Use Of Financial Statements (Gerald White, Sondhi, et. al) - dense reading (plus the plain format of this version of the book is sure to make you fall asleep. Hats off to you if you can read this book cover to cover. :).)8. Also Corporate Finance: theory and practice (Damodaran) has a very good advanced level introductory chapter. Pick it up at a library and ...If you had to buy 1 book:I'd recommend - #1 above.If you could buy 2 books (over time):I'd recommend - #1 and #5 above.If you could buy 3 books (for an in depth managerial understanding):I'd recommend - #1, #5 and #6 above.#7 - has a decent cd of spreadsheets for ready use (proforma cash flows, ledgers, etc; very handy)Good luck!************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************************It has been 9 years since I first wrote this review and I felt like it was time I updated it. While, I continue to be interested in this topic (and my quest to find simple, educational and illustrative books is always ongoing), there are a few noteworthy books that I intend to add to this essentially solid list of “accounting/finance absolutely elementary” books. So here it is. And importantly thank you for your feedback and comments. Many of you have written asking me to update this list. I welcome and appreciate your feedback.My position and recommendation is essentially the same (after all these years). **__This book continues to be the __very best__ introductory book on this topic__**. No two ways about it – **_Simply go get it - read it. Enjoy the clarity in your decision making. Highly recommended._**Introductory level:1. Financial statements (Thomas Ittelson, this book)2. How to use financial statements: a guide to understanding the numbers (James Bandler)3. How to read a financial report: wringing vital signs out of numbers (John A. Tracy and Tage Tracy)4. Bookkeepers boot camp: get a grip on accounting basics (Angie Mohr) Infact, Angie Mohr has written an excellent series of 3 books which I will compare and rate below: - Bookkeepers boot camp: get a grip on accounting basics (Angie Mohr) - Finance & grow your new business: get a grip on the money (Angie Mohr) - Financial management 101: get a grip on your business numbers (Angie Mohr)Next Level:5. Managing by the numbers: a commonsense guide to understanding and using your company’s financials (Chuck Kremer and Ron Rizzuto with John Case) Part 2 of this book - "Understanding the big picture" is especially excellent. A financial scorecard tool (pg 68 & 69) is just fantastic and describes how linkages between the statements really work. Its worth buying this book just for this section, IMHO.6. Financial intelligence, revised edition: a managers guide to knowing what the numbers really mean (Karen Berman and Joe Knight)7. Accounting for the numberphobic: a survival guide for small business owners (Dawn Fotopulos)8. Financial statement analysis: the investors self-study to interpreting & analyzing financial statements, revised edition (Charles J. Woelfel)9. Analysis for financial management (Robert C. Higgins) - This is one excellent book.10. Financial analysis tools and techniques: a guide for managers (Eric A. Helfert)11. Finance & accounting for nonfinancial managers (Steven A. Finkler)MBA Level:12. Principles of finance with excel (Simon Benninga) – Another excellent and practical book (help you translate your learnings into excel)- BTW, Simon Benninga has written a super awesome MBA level textbook in “Financial Modelling”13. Corporate finance: theory and practice (Damodaran)- Corporate finance is a dated but good verbose detailed text book. It has a very good advanced level introductory chapter on financial statements. Pick it up at a library and ...** If you had to buy 1 book: I'd recommend - #1 above.** If you could buy 2 books (over time): I'd recommend - #1 and #4 above. (my recommendation has changed)** If you could buy 3 books (for an in depth managerial understanding): I'd recommend - #1, #4 and #5 above. (my recommendation has changed)** If you want a solid grasp (i.e. mastery) of this topic: I'd recommend - #1, #4, #5, #9 and #12. (i agree, it’s a few books)** If you are a startup or a small business and want a managerial understanding: I’d recommend - #1, #4 (the entire set of 3 books), and #5 above. (and you can have meaningful conversations with your accountant)Best and Good Luck!

This is the first time I have ever commented on a product sold on Amazon. First, the book arrived ahead of time. Secondly, I would highly recommend this book to anyone who does not know anything about accounting. I am considering starting a business and have been educating myself on various topics. Although, I have a science/math background, I have never taken an accounting course. This book is very easy to read and understand. It breaks down common accounting terminology for you. After reading this book, I feel confident in knowing how business transactions affect financial statements. It is an interesting read as you learn about the develop of an applesauce company. If you want to develop a general knowledge base of accounting, then this is the book for you. If you are looking for a technical book that will expand your current accounting knowledge, then it might be a waste of money.

This book is seriously so good. I've been in the accounting world for 10 years, I have my Accounting degree, and I am a Controller for a small regional company. I'm 13 pages into this book and I've thought several times already that this should be required reading in any entry-level accounting class in college. I bought this book because while I understand this stuff, I often feel like I missed some important, basic things during school and that missing those things has made the quite simple accounting world seem more difficult than it actually is. The way this author presents the information and explains definitions and methods makes me HAPPY. Thank you Mr. Ittelson!!

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

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

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

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


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