Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports

( 7 )

Overview

Now the best-selling book of its kind has gotten even better.This revised and expanded second edition of Ittelson's master work will give you that firm grasp of "the numbers" necessary for business success.

With more than 100,000 copies in print, Financial Statements is a perfect introduction to financial accounting for non-financial managers, stock-market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs, and...

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Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports

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Overview

Now the best-selling book of its kind has gotten even better.This revised and expanded second edition of Ittelson's master work will give you that firm grasp of "the numbers" necessary for business success.

With more than 100,000 copies in print, Financial Statements is a perfect introduction to financial accounting for non-financial managers, stock-market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs, and more. Most introductory finance and accounting books fail either because they are written "by accountants for accountants" or the authors "dumb down" the concepts until they are virtually useless. Financial Statements 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 "snapshot" 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. Two new major sections with nine new chapters were added to this revised second edition of Financial Statements, simply the clearest and most comprehensive introduction to financial reporting available.

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Product Details

  • ISBN-13: 9781601630230
  • Publisher: Career Press, Incorporated
  • Publication date: 8/9/2009
  • Edition description: Revised
  • Pages: 288
  • Sales rank: 138,095
  • Product dimensions: 7.00 (w) x 9.90 (h) x 0.70 (d)

Meet the Author

Thomas R. Ittelson, is a scientist, businessman, author, and teacher with many years of hands-on experience in business development and marking for technical companies. As a consultant to entrepreneurs, Ittelson has written business plans and prepared financial projections that have helped raise more than $500 million in start-up equity capital. Financial Statements was born from the author's efforts to teach client entrepreneurs how to design and use financial statements in their start-up businesses.

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Table of Contents

Section A: Financial Statements—Structure & Vocabulary, 1. Twelve Basic Principles, 2. The Balance Sheet, 3. The Income Statement, 4. Cash Flow Statement, 5. Connections, Section B: Transactions—Exploits of AppleSeed Enterprises, Inc., 6. Startup Financing and Staffing, 7. Staffing & Equipping Facility; Planning for Manufacturing Startup, 8. Startup of Manufacturing Operations, 9. Marketing and Selling, 10. Administrative Tasks, 11. Growth, Profit and Return, Section C: Financial Statements—Construction & Analysis, 12. Ledgers and Journals, 13. Ratio Analysis, 14. Alternative Accounting Policies, 15. Cooking the Books


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Customer Reviews

Average Rating 4
( 7 )
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Sort by: Showing all of 7 Customer Reviews
  • Anonymous

    Posted July 21, 2012

    NOOK edition gives TERRIBLE presentation of a GREAT BOOK. One o

    NOOK edition gives TERRIBLE presentation of a GREAT BOOK. One of the best books ever imo. However, so much of the book depends on examining the transactions between CF, BS, and IS. These are presented as figures and the Nook edition cannot display these with enough detail or zoom to follow along. BUY THE PRINT EDITION!

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted November 3, 2005

    A great reference with all of the fluff cut out.

    I have a small consulting company and bought this book to help me communicate with my bookkeeper and CPA. My time is best spent on building the business and not reading text books. This book is brief and gives you just what you need to know in an easy to follow format.

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted November 9, 2004

    Very practical,concise

    This is a great book for getting to the nitty gritty of reading financial statements as a practical matter. It is not laced with lengthy narratives and is very utilitarian in design with a fair sell price when you consider the intrinsic value it offers. This will quickly help you get the job done!

    1 out of 1 people found this review helpful.

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  • Anonymous

    Posted October 26, 2009

    Extremely useful and easy to understand

    I used this book as a supplement during a very fast-paced graduate level Financial Accounting course. It broke many of the financial statement concepts into easy to understand bits of information. I received an A in the course and largely credit it to the supplemental use of this book. I highly recommend it!

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  • Anonymous

    Posted July 7, 2006

    This is great for students in the accounting field

    I think this book is a great reference to the text, and to the information that I am learning in my studies. It has helped me in relation the text book information and paints a clear picture of the financial statments.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted January 23, 2010

    No text was provided for this review.

  • Anonymous

    Posted May 22, 2012

    No text was provided for this review.

Sort by: Showing all of 7 Customer Reviews

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