How to Read a Financial Report: Wringing Vital Signs Out of the Numbers

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How to Read a Financial Report: Wringing Vital Signs Out of the Numbers

Format:  Paperback,

201 pages

Publisher: John Wiley & Sons Inc

Publish Date: May 2009

ISBN-13: 9780470405307

ISBN-10: 0470405309

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Book Information

The following content was provided by the publisher.
How to Read a Financial Report Seventh Edition

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 Seventh Edition of How to Read a Financial Report breaks through the language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. The book helps you get a sure-handed grip on the profit, cash flow, and financial condition of any business.

Here's what's new in the "Seventh Edition: "

Discussion of the transition to international accounting and financial reporting standards

A streamlined centerpiece exhibit used throughout the book to explain connections between the three financial statements

An integrated section on analyzing profit, cash flow, and solvency for investors, lenders, and managers (now Part Two in this edition)

Reflection on financial reporting and auditing in the post-Enron era

"What distinguishes Tracy's efforts from other manuals is an innovative structure that visually ties together elements of the balance sheet and income statement by tracing where and how a line item in one affects an entry in another."
--"Inc."

"An excellent job of showing how to separate the wheat from the chaff without choking in the process."
--"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. It's the clearest presentation of many accounting concepts that this Fool has seen."
--Selena Maranjian, "The Motley Fool"

Specifications

Author:
Publisher: John Wiley & Sons Inc
Publish Date: May 2009
ISBN-13: 9780470405307
ISBN-10: 0470405309
Format: Paperback
Number of Pages: 201
Shipping Weight (in pounds): 0.81
Product in Inches (L x W x H): 9.86 x 0.58 x 6.75

Chapter outline

Components and Connections in Financial Statements
Starting with Cash Flows
The Three Financial Statements
Profit IsnG+&t Everything
Sales Revenue and Accounts Receivable
Cost of Goods Sold Expense and Inventory
Inventory and Accounts Payable
Operating Expenses and Accounts Payable
Operating Expenses and Prepaid Expenses
A Unique Expense: Depreciation
Accruing the Liability for Unpaid Expenses
Income Tax Expense and Its Liability
Net Income and Retained Earnings
Earnings Per Share
Cash Flow from Operating (Profit-making) Activities
Cash Flow from Investing and Financing Activities
Footnotes to Financial Statements
Financial Statement Analysis
Impact of Growth and Decline on Cash Flow
Financial Statement Ratios
Profit Analysis for Business Managers
Reliability of Financial Reports
Accounting and Financial Reporting Standards
Accounting Methods and Massaging the Numbers
Audits of Financial Reports in Post-Enron Era
Parting Comments
Index

Book description

How to Read a Financial Report Seventh Edition

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 Seventh Edition of How to Read a Financial Report breaks through the language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. The book helps you get a sure-handed grip on the profit, cash flow, and financial condition of any business.

Here's what's new in the Seventh Edition:

  • Discussion of the transition to international accounting and financial reporting standards

  • A streamlined centerpiece exhibit used throughout the book to explain connections between the three financial statements

  • An integrated section on analyzing profit, cash flow, and solvency for investors, lenders, and managers (now Part Two in this edition)

  • Reflection on financial reporting and auditing in the post-Enron era

"What distinguishes Tracy's efforts from other manuals is an innovative structure that visually ties together elements of the balance sheet and income statement by tracing where and how a line item in one affects an entry in another".

Inc.

"An excellent job of showing how to separate the wheat from the chaff without choking in the process".

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. It's the clearest presentation of many accounting concepts that this Fool has seen".

—Selena Maranjian, The Motley Fool

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