 | Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports
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 2008-10-31 - Plain English
Plain English, I just graduated from college with an accounting degree and I wish I would of had this book to help me get through. Great for refreshing your memory.
2008-10-31 - Quick and Easy Plunger into Financial Statements
Everything you always wanted to know about a financial reports, balance sheets, income statements, cash flow statements etc and how they all are interlinked. Brief and direct on descriptions and always followed by an example. Typically after a brief description of a finacial transaction, changes on balance sheets, cash flow or income statements are broken down into numbered steps that are directly highlighted in the effected statement. On the reports, a corresponding number highlights where that transaction is in the report. Thus a change in depreciation that may require 2 to 3 steps will be indicated directly with matching step numbers on the corresponding report. The author uses a fictional applesauce company for real life examples in a pleasant format throughout the book touched with humor such as writing off the loss on a unpaid bill by a brother-in-law that goes out of business. Starting out with single reports, making you familar one at a time, the author gradually steps up the action using short exercises that show how single transactions can effect all three reports simultaneously. Again by short discussion, step by step examples and then by looking at the corresponding numbered transactions on the reports, the reader can readibly follow and under stand the steps and links between reports. All short explanation followed by easy to follow examples. The final few chapters provide more written detail on what to look for in reports.The book can be plowed through in a day or two or a long day at the airport, although bring an extra book or magazine as this is a direct, quick and relatively fun read.
2008-10-18 - Financial Statements
I found this step by step guide to understanding the three financial statements very helpful. It begins with the breakdown of the financial statements and then incorporates their use in a "mock" corporation.
2008-09-29 - Easy to understand
Financial statement exposure has been limited for me until recently in my career and this book has helped me understand the many dynamics of financials and the relationship between them. Great resource and learning tool.
2008-09-04 - Outstanding introduction to accounting.
This is an outstanding introduction to accounting and it is rare that I've seen books this good. This is not to say that you can put the book under your pillow and expect your head to absorb its contents overnight, as it will still require time and effort on your part to get a good understanding of accounting. But it is hard to imagine a book better suited for newcomers to accounting. (Please note that I'm not affiliated with the author in any way.)
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