An updated new edition of the comprehensive guide to reading and understanding financial reports Financial reports provide vital information to investors, lenders, and managers. Yet, the financial statements in a financial report seem to be written in a foreign language that only accountants can understand. This new Eighth Edition of How to Read a Financial Report breaks through that language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. This updated edition features new information on the move toward separate financial and accounting reporting standards for private companies, the emergence of websites offering financial information, pending changes in the auditor's report language and what this means to investors, and requirements for XBRL tagging in reporting to the SEC, among other topics. Makes it easy to understand what financial reports really say Updated to include the latest information financial reporting standards and regulatory changes Written by an author team with a combined 50-plus years of experience in financial accounting With this new edition of How to Read a Financial Report, investors will find everything they need to fully understand the profit, cash flow, and financial condition of any business.
In this edition an entirely new and carefully designed exhibit is used to visually illustrate the connecting links among the three key statements in a financial report (the balance sheet, the income statement and the cash flow statement).
" The Miami Herald "A wonderful book organized logically and written clearly. For a Fool to be an effective investor, she has to know her way around a financial statement. This book will help you develop that skill.
... 66-67 "grey area" costs of capitalization, 1 26- 1 29 inconsistencies caused by accelerated depreciation, 1 30 management manipulation, 109-111, 120-121, 128 market value of stock shares, 13 7, 139, 1 50 minimization by LIFO method, ...
By setting out and explaining the financial statements of a fictitious company, Manufacturing Company Limited, the author helps people with no accounting knowledge to understand the basic concepts of accounting disclosure and to appreciate ...
This updated and revised edition of the best-selling guide shows how to interpret the numbers (and read between the lines) of a financial report.
The purpose of this book is to help readers understand the basics of understanding financial statements.
This guide will give you the tools you need to test profitability, liquidity, and cash flow.
"--The Miami Herald "A wonderful book organized logically and written clearly. For a Fool to be an effective investor, she has to know her way around a financial statement. This book will help you develop that skill.
This book introduces the reader to the Annual Report and discusses its various components namely, the directors report, the audit report and the financial statements.
Written for both audiences, this book: Clearly defines accounting terminology and concepts, while offering numerous examples of financial statements reflecting both the old and new FASB standards Steers you, line-by-line, through financial ...