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

Now the best-selling book of its kind has gotten even better.<br><br>This revised and expanded second edition of Ittelson€s master work will give you that firm grasp of €œthe numbers€ necessary for business success. With more than 100,000 copies in print, <i>Financial Statements</i> is a perfect introduction to financial accounting for non-financial managers, stock-market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs, and more.<br><br>Most introductory finance and accounting books fail either because they are written €œby accountants for accountants€ or the authors €œdumb down€ the concepts until they are virtually useless. <i>Financial Statements</i> deftly shows that all this accounting and financial-reporting stuff is not rocket science and that you 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 €œsnapshot€ of any company€s financial health. Every term is defined in simple, understandable language. Every concept is explained with a basic, straightforward transaction example. And with the book€s uniquely visual approach, you€ll be able to see exactly how each transaction affects the three key financial statement of the enterprise.<br><br>Two new major sections with nine new chapters were added to this revised second edition of <i>Financial Statements</i>, simply the clearest and most comprehensive introduction to financial reporting available.