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Financial Statements

Financial Statements

Written by Thomas R. Ittelson

Narrated by Chris Ensweiler


Financial Statements

Written by Thomas R. Ittelson

Narrated by Chris Ensweiler

ratings:
4/5 (26 ratings)
Length:
3 hours
Released:
Jan 1, 2009
ISBN:
9781593165734
Format:
Audiobook

Description

Ittelson's master work will give you that firm grasp of "the numbers" necessary for business success. 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. As a result, you'll be able to see exactly how each transaction affects the three key financial statements of the enterprise.
Released:
Jan 1, 2009
ISBN:
9781593165734
Format:
Audiobook

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4.1
26 ratings / 2 Reviews
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  • (5/5)
    If you find yourself needing to have a conceptual understand of financial statements, what they tell, how they are put together, and how they can be interpreted, it is hard to go wrong with this engaging, approachable book.
  • (4/5)

    2 people found this helpful

    A colleague years ago explained - in about 25 words - the concept of double-entry accounting. If you don't understand that basic concept and aren't prepared to explain it to anyone you meet then this book may well leave you bewildered. However, once the concept is understood, this book is a good 'traveling companion' through the morass of financial statements. If you're in an industry where a standardized chart of accounts is used for comparison, you'll be able to more accurately determine which of several sound-alike accounts would be most appropriate for what you're trying to accomplish. The style of presentation is, at times, a bit too succinct for the concepts involved and the typeface layout isn't the best for this type of book. Those nits notwithstanding, it's a good book for someone getting more in-depth into accounting in an organization where there aren't already a lot of pre-established requirements. I wouldn't rate it as particularly helpful for someone trying to create financials for financing purposes.

    2 people found this helpful