--- product_id: 468197859 title: "Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!)" price: "AED 129" currency: AED in_stock: true reviews_count: 13 url: https://www.desertcart.ae/products/468197859-financial-statements-a-step-by-step-guide-to-understanding-creating store_origin: AE region: United Arab Emirates --- # Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!) **Price:** AED 129 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!) - **How much does it cost?** AED 129 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.ae](https://www.desertcart.ae/products/468197859-financial-statements-a-step-by-step-guide-to-understanding-creating) ## Best For - Customers looking for quality international products ## Why This Product - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description Simply the clearest and most comprehensive introduction to financial reporting available. No accounting background is required. “Finally, a handbook that takes the mystery out of accounting principles.” —Margi Gandolfi, VP Marketing/Strategic Planning of New York Blood Center This edition replaces all previous editions of this bestselling title based on the revised and expanded edition corrected and back to the basics. Financial Statements is a perfect introduction to financial accounting for non-financial managers, investors, business students, lawyers, lenders, entrepreneurs, and more. Financial Statements deftly shows that all this accounting and financial-reporting stuff is not rocket science and that anyone 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 statements of the enterprise. Each statement paints a different and essential picture—the “three-legged stool” of company reporting: • The income statement shows the manufacturing (or service offerings) and selling actions of the company that result in profit or loss during a period. It gives a very important perspective on the company’s performance, its profitability. • The cash flow statement details cash into and out of the company for a period. You need money to make money. Running out of cash is bad. Duh. • The balance sheet records at the end of a period, an instant in time, what the company owns and what it owes, including the owners’ stake, called shareholders’ equity. 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. Review: Clear and concise - I used this book for a business course in college, and it was a huge help. It breaks down financial concepts in a clear and straightforward way, making it easy to understand even for beginners. Whether you’re a student or just looking to improve your financial literacy, this is a solid choice. The product arrived in perfect condition with fast shipping. I’d recommend this textbook for anyone needing a foundation in financial statements. ## Technical Specifications | Specification | Value | |---------------|-------| | Best Sellers Rank | #17,252 in Books ( See Top 100 in Books ) #1 in Business Pricing #4 in Financial Accounting (Books) #120 in Business & Investing Skills | | Customer Reviews | 4.6 out of 5 stars 1,288 Reviews | ## Images ![Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!) - Image 1](https://m.media-amazon.com/images/I/71dCSC1Q5BL.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ "#1 best seller in Financial Accounting" and rightfully so *by M***N on June 13, 2014* 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. ### ⭐⭐⭐⭐⭐ Clear and concise *by J***H on February 16, 2025* I used this book for a business course in college, and it was a huge help. It breaks down financial concepts in a clear and straightforward way, making it easy to understand even for beginners. Whether you’re a student or just looking to improve your financial literacy, this is a solid choice. The product arrived in perfect condition with fast shipping. I’d recommend this textbook for anyone needing a foundation in financial statements. ### ⭐⭐⭐⭐⭐ The first book for beginners in business *by B***B on January 14, 2013* Thomas Ittelson has done what most authors fail to do: explain something to beginners in an understandable way. I cannot say enough good things about this book. It is aimed at beginners in business and finance. Reading, writing and understanding financial statements is essential to business and investing. If you own your own company, and it is growing, you will have to produce financial statemtns of your own. Unless you are a pure momentum investor, one who follows stock prices without a care for the actual company that this price represents, you will need to look at and understand financial data. This is the basis of most investing strategies. If you look at a financial statement as a series of unintelligible tables full of meaningless numbers, accompanied by mind numbing prose, this book will help you out immensely. It offers definitions of the financial terms and explanations of financial tables, using plain language that a non financial person can understand. The book starts with simple examples, and gradually adds on complexity. If you read the entire book, you will not be an accountant, but you will be able to understand the basic concepts of a company's financial reports. This may only represent the beginning of your investing education, or the high point of your knowledge, but it belongs in every beginning investor's library. I have been investing for over twenty years, and I keep my dog-eared copy in a place where I can easily find it. ## Frequently Bought Together - Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports (Over 200,000 copies sold!) - Accounting for Non-Accountants: Financial Accounting Made Simple for Beginners (Basics for Entrepreneurs and Small Business Owners) - Accounting QuickStart Guide: The Simplified Beginner's Guide to Financial & Managerial Accounting For Students, Business Owners and Finance Professionals (Starting a Business - QuickStart Guides) --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.ae/products/468197859-financial-statements-a-step-by-step-guide-to-understanding-creating](https://www.desertcart.ae/products/468197859-financial-statements-a-step-by-step-guide-to-understanding-creating) --- *Product available on Desertcart United Arab Emirates* *Store origin: AE* *Last updated: 2026-05-28*