Customer Reviews for

Reading Financial Reports For Dummies

Average Rating 3.5
( 3 )
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  • Anonymous

    Posted December 21, 2009

    Not Impressed

    One of the things I don't like about the "dummies" books is that frequently, in order to be politically correct, they will automatically seek out a woman to write the book instead of just seeking out the most qualified person they can find.

    From reading the "about the author" section in the book, it appears that she doesn't have very much actual work experience in the field of corporate finance. "After receiving her MBA, she managed finances for a small nonprofit organization and the facilities management section of a large medical clinic." That's all? The rest of her resume contains some impressive jobs, but none of them are directly related to studying financial statements. Surely there must be at least a thousand people out there that are more qualified to write this book.

    The author's lack of real world experience in this specific field makes me question the integrity of the information contained in the book. I'm not saying that it's all wrong, I just don't completely trust it.

    Having said that, I'll finish this review by quoting my favorite passage from the book, on page 105: "The calculation for earnings per share is relatively simple. You take the number of outstanding shares and divide it by the net earnings." Oops! Actually, to calculate earnings per share, you take net earnings and divide it by the number of outstanding shares. I guess it's not so simple after all!

    1 out of 1 people found this review helpful.

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  • Posted August 10, 2009

    JUST PERFECT FOR THIS DUMMY

    AN EXCELLENT TOOL. CONCISE AND WELL ORGANIZED. WILL PROBABLY USE THIS TOOL FOR YEARS. THE AUTHOR'S BEST FEATURE WAS EXPLAINING THE OUTCOME OR MEASUREMENT IN UNDERSTANDABLE REAL WORLD TERMS.
    ALLOWED ME TO CONSTRUCT A UNIVERSAL SPREADSHEET FOR ANALYSIS OF ANY PUBLIC COMPANY'S FINANCIAL CONDITION IN JUST MINUTES WITHOUT A LOT OF STRESS.
    REALLY HELPS TO SHINE A LIGHT IN THE CORNERS SO I CAN COMPARE TWO UNRELATED ENTITIES AND WEITGH THE STRENGTHS AND WEAKNESSES.
    MOST BOOKS OF THIS TYPES ARE FILLED WITH TOO MUCH UNUSABLE TECHNICAL DETAIL.

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  • Posted December 31, 2008

    Excellent -

    This book came as a total surprise to me. I did not expect the level of detail, and the simplicity with which things were explained.<BR/><BR/>I must warn you that I bought this book 3 days ago, and now at chapter 12 - Liquidity, can be quite a brain drain.<BR/><BR/>Using real world Statements on Yahoo along with this book makes it a good read for every one who understands stock markets but lacking the details.

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  • Anonymous

    Posted January 15, 2010

    No text was provided for this review.

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