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Reading Financial Reports For Dummies

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Overview

Discover how to decipher financial reports

Especially relevant in today's world of corporate scandals and new accounting laws, the numbers in a financial report contain vitally important information about where a company has been and where it is going.

Packed with new and updated information, Reading Financial Reports For Dummies, 3rd Edition gives you a quick but clear introduction to financial reports–and ...

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Overview

Discover how to decipher financial reports

Especially relevant in today's world of corporate scandals and new accounting laws, the numbers in a financial report contain vitally important information about where a company has been and where it is going.

Packed with new and updated information, Reading Financial Reports For Dummies, 3rd Edition gives you a quick but clear introduction to financial reports–and how to decipher the information in them.

  • New information on the separate accounting and financial reporting standards for private/small businesses versus public/large businesses
  • New content to match SEC and other governmental regulatory changes
  • New information about how the analyst-corporate connection has actually changed the playing field
  • The impact of corporate communications and new technologies
  • New examples that reflect current trends
  • Updated websites and resources

Reading Financial Reports For Dummies is for investors, traders, brokers, managers, and anyone else who is looking for a reliable, up-to-date guide to reading financial reports effectively.

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Product Details

  • ISBN-13: 9781118761939
  • Publisher: Wiley
  • Publication date: 12/31/2013
  • Series: For Dummies Series
  • Edition number: 3
  • Pages: 384
  • Sales rank: 271,389
  • Product dimensions: 7.40 (w) x 9.10 (h) x 0.70 (d)

Meet the Author

Lita Epstein, MBA, is a seasoned financial writer who focuses on helping people understand the complex worlds of money and finance. She was a financial manager for a medical clinic and content director for a financial services Web site, MostChoice.com. She also writes for AOL's Blogging Stocks and WalletPop.

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Table of Contents

Introduction 1

Part I: Getting Down to Financial Reporting Basics 7

Chapter 1: Opening the Cornucopia of Reports 9

Chapter 2: Recognizing Business Types and Their Tax Rules 21

Chapter 3: Public or Private: How Company Structure Affects the Books 29

Chapter 4: Digging into Accounting Basics 43

Part II: Checking Out the Big Show: Annual Reports 59

Chapter 5: Exploring the Anatomy of an Annual Report 61

Chapter 6: Balancing Assets against Liabilities and Equity 75

Chapter 7: Using the Income Statement 91

Chapter 8: The Statement of Cash Flows 107

Chapter 9: Scouring the Notes to the Financial Statements 121

Chapter 10: Considering Consolidated Financial Statements 139

Part III: Analyzing the Numbers 151

Chapter 11: Testing the Profits and Market Value 153

Chapter 12: Looking at Liquidity 171

Chapter 13: Making Sure the Company Has Cash to Carry On 181

Part IV: Understanding How Companies

Optimize Operations 193

Chapter 14: How Reports Help with Basic Budgeting 195

Chapter 15: Turning Up Clues in Turnover and Assets 205

Chapter 16: Examining Cash Inflow and Outflow 217

Chapter 17: How Companies Keep the Cash Flowing 227

Part V: The Many Ways Companies

Answer to Others 235

Chapter 18: Finding Out How Companies Find Errors: The Auditing Process 237

Chapter 19: Digging into Government Regulations 247

Chapter 20: Creating a Global Financial Reporting Standard 259

Chapter 21: Checking Out the Analyst-Corporation Connection 269

Chapter 22: How Companies Communicate with Shareholders 281

Chapter 23: Keeping Score When Companies Play Games with Numbers 295

Part VI: The Part of Tens 317

Chapter 24: Ten Financial Scandals That Rocked the World 319

Chapter 25: Ten Signs That a Company's in Trouble 329

Glossary 335

Index 343

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Customer Reviews

Average Rating 3.5
( 3 )
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Sort by: Showing all of 4 Customer Reviews
  • 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.

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

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

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

    Posted January 15, 2010

    No text was provided for this review.

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