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An updated new edition of the comprehensive guide to reading and understanding financial reports
Financial reports provide vital information to investors, lenders, and managers. Yet, the financial statements in a financial report seem to be written in a foreign language that only accountants can understand. This new Eighth Edition of How to Read a Financial Report breaks through that language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. This updated edition features new information on the move toward separate financial and accounting reporting standards for private companies, the emergence of websites offering financial information, pending changes in the auditor's report language and what this means to investors, and requirements for XBRL tagging in reporting to the SEC, among other topics.
- Makes it easy to understand what financial reports really say
- Updated to include the latest information financial reporting standards and regulatory changes
- Written by an author team with a combined 50-plus years of experience in financial accounting
With this new edition of How to Read a Financial Report, investors will find everything they need to fully understand the profit, cash flow, and financial condition of any business.
- Sales Rank: #47358 in Books
- Brand: Brand: Wiley
- Published on: 2014-01-28
- Original language: English
- Number of items: 1
- Dimensions: 6.60" h x 1.00" w x 9.80" l, .85 pounds
- Binding: Paperback
- 240 pages
- Used Book in Good Condition
From the Back Cover
Whether you're a manager attempting to get a clear picture of your company's performance, an investor trying to determine if a business is a sound investment, or a lender who needs to measure an organization's creditworthiness, the information contained in a financial report is the most valuable source of information at your disposal.
Now only if it was written in a language you could read!
For more than thirty years, the number-one resource professionals have turned to for help in cutting through the haze of
Most helpful customer reviews
16 of 16 people found the following review helpful.
Best Available Primer on Basic Financial Statements
By Frederic B. Sargent
This is the best primer on the basics of financial statements imaginable. It explains them in a clear and logical way for the benefit of anyone who is not an accountant. Better yet, it shows how they connect with each other and tie together. Over the years I have bought dozens and dozens of copies of its editions for in-house training of non-financial managers in my companies.
4 of 4 people found the following review helpful.
Great for accounting newbies
By Kaitlin
I'm a FR newbie and the textbook for my MBA class was just confusing me. I was so lost and felt like I couldn't catch up because the textbook was in a foreign language. Then I got this book... This book has visuals that helped me connect the dots between IS, CF, and BR in a way that was logical and made sense in my mind! And the language was simple and really helped make sense of what I couldn't in the textbook. As a brand marketer who was a history/English undergrad, this helped me in my financial reporting MBA class more than I can say!!
5 of 5 people found the following review helpful.
Revelation for the beginner. Revision for the intermediate.
By Robert Balaile
It's a good read. However, I was already acquainted with most of the knowledge being taught.from accounting courses at universities. The most important lessons I learned are: the interconnections between the financial statements,what negative cash-flow means, how companies can massage their numbers and the meaning of a CPA's opinion. Not bad.
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