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(More customer reviews)This book is amazing in that it gives a comprehensive,consise, and simple explanation for finicial statements. I have read many such books, yet this tops them all for its relative simplicity while still being able to get across its point. I would recommend this book to any beginning accountant, manager, or investor. This book shed light on information overlooked by unexperienced businessmen and is a great buy.
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This guide to understanding financial statements assumes no prior knowledge of accounting or mathematics, or even business sophistication. It contains numerous worked-out examples and sample balance sheets which clarify explanations, while end-of-chapter questions make the book useful for self-study and training programmes. Now in its second edition, it features new and expanded coverage of cash flow analysis, Subchapter S corporations, LIFO/FIFO accounting and profit margin analysis.
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