Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports / Edition 2

Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports / Edition 2

by Thomas Ittelson
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Pub. Date:
Career Press, Incorporated


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Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports / Edition 2

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.

Product Details

ISBN-13: 9781601630230
Publisher: Career Press, Incorporated
Publication date: 08/09/2009
Edition description: Revised
Pages: 288
Sales rank: 113,931
Product dimensions: 6.90(w) x 9.90(h) x 0.70(d)

About 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.

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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Financial Statements 4 out of 5 based on 0 ratings. 10 reviews.
Anonymous More than 1 year ago
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!
Guest More than 1 year ago
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.
Guest More than 1 year ago
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!
Anonymous More than 1 year ago
I WAS LIED TO AND CHARGED FOR THE BUY OUT FEE! When it came time to return my rental book, I followed all instructions and I had it dropped off at the nearest UPS location a week prior to the deadline. I received an email a couple weeks later stating that i was charged for an extension fee of 15$. When I attempted to track the book all it said was that the label was made, it was never scanned anywhere by the UPS. I went back to the UPS location, they looked for the package and weren't able to find it. I called customer service explaining to them the situation that the book was lost in transit and the representative LIED TO ME! she reassured me that I was NOT going to get charged the buy out fee and that she was going to refer my case to the upper management to take care of it. She told me to expect a confirmation email within 48 hours. Of course, i never received an email and when i called back to confirm the current representative said that she does not see anything about my case being referred to upper management and she doesn't see anything about attempting to resolve the buy out situation. All she sees under my order number from the previous representative was that I called regarding the extension fee I was charged. I was charged with a buy out fee of 100$. I have done everything to try and find the book and overall I HATE barnes and noble with a passion, I HATE the customer service representatives EVEN MORE! THEY ARE LIARS AND HAVE NO CLUE WHAT THEY ARE TALKING ABOUT!
Anonymous More than 1 year ago
For anyone wishing to start a business, this book is a must have. It is the best book of its kind to learn and understand the financials of a business. Ittelson makes what is often perceived as a process of numbers too complicated for regular folks, easy to understand. I use it to help disabled veterans start their own businesses. In effect, it works!
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Anonymous More than 1 year ago
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!
Guest More than 1 year ago
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.