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Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports (Paperback)
by Thomas R. Ittelson
Category:
Personal finance |
Market price: ¥ 168.00
MSL price:
¥ 158.00
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MSL rating:
Good for Gifts
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Author: Thomas R. Ittelson
Publisher: Career Press
Pub. in: February, 1998
ISBN: 1564143414
Pages: 223
Measurements: 9.8 x 6.9 x 0.6 inches
Origin of product: USA
Order code: BA01156
Other information: ISBN-13: 978-1564143419
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- MSL Picks -
A solid foundation is critical to understanding concepts. So you'd think most books would spend a lot of time ensuring and clarifying the basics, right? Wrong! Simply not true! Most of the accounting/finance books just don't get into clarifying the very basics - the confusing array of terms used, how they fit together, what they actually mean in a realworld setting, etc.
This book - a must on every managers shelf - adds value by providing clear and consise definitions and relates them visually. The chapter on connections ties a lot of information together with such ease. Above all the step by step examples go a long long way into clarfying any remaining confusion you'd have. Its very easy to read. You'd probably finish it over a weekend. So its tremendous bang for buck.
Clearly the first introductory book one should read. There are plenty of good books for the next level (IMHO).
Simply go get it - read it. Enjoy the clarity in your decision making. Highly recommended.
Introductory level:
1. Financial statements (Thomas Ittelson, this book)
2. How to use financial statements: A guide to understanding the numbers (James Bandler)
Next Level:
3. Financial Statement Analysis: the investors self study to interpretting & analyzing financial statements, revised edition (Charles J. Woelfel)
4. Analysis For Financial Management (Robert C. Higgins) - This is one excellent book.
5. Techniques Of Financial Analysis: A Modern Approach (Eric A. Helfert)
MBA Level:
6. The Analysis And Use Of Financial Statements (Gerald White, Sondhi, et. al) - dense reading (plus the plain format of this version of the book is sure to make you fall asleep. Hats off to you if you can read this book cover to cover. :).)
7. Also Corporate Finance: theory and practice (Damodaran) has a very good advanced level introductory chapter. Pick it up at a library and ...
If you had to buy 1 book: I'd recommend - #1 above.
If you could buy 2 books (over time): I'd recommend - #1 and #4 above.
If you could buy 3 books (for an in depth managerial understanding): I'd recommend - #1, #4 and #5 above.
Good luck!
(From quoting Climbhigh, USA)
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From Publisher
Finally, a resourceful and unique primer on financial statements that uses a creative and different approach to explain every kind of financial report a small business owner or manager needs to succeed. Through an unique visual approach, this book leads users to a clear understanding of how business scores are kept and how to interpret the results.From balance sheets, cash flow statements and income statements, learn how to understand the basic elements that will pave the way to achieving financial success.
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View all 10 comments |
Alice (MSL quote), USA
<2008-01-29 00:00>
This book is really a must for anyone who wants to learn how to read finacial statements in a quick and easy way. "A Step by Step Guide" is fun to read and is very informative. I recommend it! |
Dayanand (MSL quote), USA
<2008-01-29 00:00>
This was a great book which I could finsih in one day. I am a person with a non finance background and now I can explain to any person what a balance sheet and Income stmt mean.
To the author,
I have found one error in the book. While explaining the stockholder equity in page 41. It should be Q + R = S. Whereas in the book it is Q - R = S
Otherwise the book is faboulous for any reader.
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Jain (MSL quote), USA
<2008-01-29 00:00>
I learn by example and this book allowed me to do just that. With the 39 well-explained real-life like transactions the authors guides the student through many aspects of financial transactions. A very good book and well worth the read to develop a solid foundation to financial accounting. Not a comprehensive financial accounting book by any means, but does an excellent job developing the most important concepts. The book also provides an introduction to ratio analysis which is useful especially after going through the case. In all, very highly recommended! Good job Mr. Ittelson! |
Enlightened (MSL quote), USA
<2008-01-29 00:00>
I have not read a book in many, many years... mainly because I have a very short attention span. If the point does not get accross in 2 seconds, my mind drifts to lala land.... Miraculously, I have read it many times over.
This was such an easy read. Retention is aided by the large print & clear diagrams showing how each transaction affects all the statements (without the unnecessary, complex verbage.)
So far, this has been the only book I have found to affectively explain how the finacial statements are linked. This is a perfect reference guide for experienced professionals & a must for the classroom.
Honestly, I got more out of this book than my BA in accounting & MBA in finance. Thank you!!!
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