Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 Copies Sold!)

Financial Statements is a comprehensive introduction to financial accounting for non-financial managers, investors, business students, lawyers, lenders, entrepreneurs, and more. It deftly shows that accounting and financial reporting is not rocket science and that anyone can understand it. It empowers non-financial managers by clearly and simply demonstrating how the balance sheet, income statement, and cash flow statement work together to offer a snapshot of any company's financial health. Each statement paints a different and essential picture of the company's performance, profitability, and cash flow.

Format: Paperback / softback
Length: 304 pages
Publication date: 25 September 2022
Publisher: Career Press

Financial Statements is a comprehensive introduction to financial accounting that is perfect for non-financial managers, investors, business students, lawyers, lenders, entrepreneurs, and more. It deftly shows that accounting and financial reporting is not rocket science and that anyone can understand it. Ittelson empowers non-financial managers by clearly and simply demonstrating how the balance sheet, income statement, and cash flow statement work together to offer a snapshot of any company's financial health. Every term is defined in simple, understandable language, and every concept is explained with a basic, straightforward transaction example. The book's uniquely visual approach allows you to see exactly how each transaction affects the three key financial statements of the enterprise. 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. The balance sheet records at the end of a period, a company's assets, liabilities, and shareholders' equity. It provides a snapshot of the company's financial position at a specific point in time. Financial Statements is a must-read for anyone who wants to understand the basics of financial accounting and make informed decisions about their financial future.

Weight: 1g
Dimension: 254 x 176 (mm)
ISBN-13: 9781632652072
Edition number: 3 Revised edition