Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
Product ID: 272413118
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Financial Statements, Revised and Expanded Edition Review: Amazing book - Amazing book Review: "#1 best seller in Financial Accounting" and rightfully so - Financial Statements by Thomas Ittelson is - as says on the front cover of the book - "a step-by-step guide to understanding and creating financial reports", and does just that brilliantly. The author manages to make rather difficult business concepts palpable to the laymen reader. The book is also well suited for those with a higher business acumen because the author attacks many financial statement and business fundamentals in a feasible way that serves as good reiteration and study. I feel that my recent statements portrayed accurate objectivity about what many consider a top tier book of its kind. Personally, i love how the text was very flexible (financial statements and number nuances weren't jammed in like they could have been), it flowed very well page-to-page and chapter-to-chapter, and though surprising it was pleasantly conversational. What the book was about: Throughout the first 5 chapters the author goes over the accounting principals, the financial statements (balance sheet, income statement, cash flow statement) and draws the connection within them. Through the next chapters (6-11) the author goes over transactions of a hypothetical start-up company (named AppleSeed Enterprises) with the intent for the reader to understand how transactions affect the financial statements, which is very good practical application. In chapters 12 through 15 the author goes on about accounting policies, ratio analysis, fraud, and so forth. The last chapters (16-22) the author examines business expansion (risk, strategy, sources of capital, decisions, etc) and how to make good investment decisions by helping the reader better understand the time value of money (PV, FV, interest rates, discount rates,etc.) and keen forecasting. This text would be most suitable for those with some knowledge of financial statements or at least finance itself but can benefit just about anyone - even pundits.
| Best Sellers Rank | #356,633 in Books ( See Top 100 in Books ) #9 in Financial Accounting #14 in Financial Statements #366 in Finance |
| Customer Reviews | 4.6 out of 5 stars 1,106 Reviews |
G**Y
Amazing book
Amazing book
M**N
"#1 best seller in Financial Accounting" and rightfully so
Financial Statements by Thomas Ittelson is - as says on the front cover of the book - "a step-by-step guide to understanding and creating financial reports", and does just that brilliantly. The author manages to make rather difficult business concepts palpable to the laymen reader. The book is also well suited for those with a higher business acumen because the author attacks many financial statement and business fundamentals in a feasible way that serves as good reiteration and study. I feel that my recent statements portrayed accurate objectivity about what many consider a top tier book of its kind. Personally, i love how the text was very flexible (financial statements and number nuances weren't jammed in like they could have been), it flowed very well page-to-page and chapter-to-chapter, and though surprising it was pleasantly conversational. What the book was about: Throughout the first 5 chapters the author goes over the accounting principals, the financial statements (balance sheet, income statement, cash flow statement) and draws the connection within them. Through the next chapters (6-11) the author goes over transactions of a hypothetical start-up company (named AppleSeed Enterprises) with the intent for the reader to understand how transactions affect the financial statements, which is very good practical application. In chapters 12 through 15 the author goes on about accounting policies, ratio analysis, fraud, and so forth. The last chapters (16-22) the author examines business expansion (risk, strategy, sources of capital, decisions, etc) and how to make good investment decisions by helping the reader better understand the time value of money (PV, FV, interest rates, discount rates,etc.) and keen forecasting. This text would be most suitable for those with some knowledge of financial statements or at least finance itself but can benefit just about anyone - even pundits.
Y**A
Very well-structured book
Very well-structured book! Definitely recommend
A**R
Excelente Libro
Es un libro que explica todo de manera fácil. Comienza con lo básico y poco a poco va desglosando los detalles. Excelente libro para quienes no saben absolutamente nada sobre contabilidad y/o finanzas. Desglosa cada transacción paso a paso, por lo que es posible que a algunos les resulte confuso ver "hojas repetidas".
O**T
Great book to explain everything you need to know or repeat
As an accountant with not native English this book was very useful to go through the basic knowledge and refresh memories about all financial statements. Basically very great book to improve vocabulary. Information is very easy to read. Thank you
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