By Thomas R. Ittelson

Now the best-selling ebook of its type has gotten even higher. This revised and extended moment variation of Ittelson's grasp paintings provide you with that company seize of "the numbers" priceless for company luck. With greater than 100,000 copies in print, Financial Statements is an ideal advent to monetary accounting for non-financial managers, stock-market traders, undergraduate company and MBA scholars, legal professionals, creditors, marketers, and more.

Most introductory finance and accounting books fail both simply because they're written "by accountants for accountants" or the authors "dumb down" the thoughts until eventually they're nearly lifeless. Financial Statements deftly indicates that every one this accounting and financial-reporting stuff isn't rocket technology and for you to are aware of it! Ittelson empowers non-financial managers through essentially and easily demonstrating how the stability sheet, source of revenue assertion and funds circulation assertion interact to provide a "snapshot" of any company's monetary healthiness. each time period is outlined in uncomplicated, comprehensible language. each notion is defined with a simple, elementary transaction instance. And with the book's uniquely visible technique, you'll have the ability to see precisely how every one transaction impacts the 3 key financial plan of the enterprise.

Two new significant sections with 9 new chapters have been further to this revised moment variation of Financial Statements, easily the clearest and so much entire advent to monetary reporting on hand.

Show description

Read Online or Download Financial Statements: Step-by-Step Guide to Understanding and Creating Financial Reports (Revised and Expanded Edition) PDF

Similar finance books

Kaplan Series 7 General Securities Representative Exam License Exam Manual (7th Edition)

Brief, concentrated paragraphs with quite a few pictures and workouts support scholars research swifter and maintain severe details for the sequence 7 FINRA examination

So, You Wanna Be a Millionaire...

So, You Wanna Be a Millionaire. .. provide you with a step by step consultant to constructing a customized financial statement to help you construct wealth. The options are extremely simple to appreciate and the writer has performed an outstanding activity in explaining the fundamental recommendations in an easy approach. He has integrated many tables that you should instantly use in growing your individual wealth-building plan.

The theory of finance

Conceal is maroon historical past and silver lettering

The Complete Book of Option Spreads and Combinations, + Website: Strategies for Income Generation, Directional Moves, and Risk Reduction

Get a deal with on choice spreads to hike revenue and squash lossThe entire publication of choice Spreads and combos is the definitive academic source and reference consultant for utilizing alternative spreads and different logic choice innovations. this beneficial consultant indicates readers how you can choose the proper technique for his or her industry outlook and risk/reward convenience point through describing the internal workings of every approach and the way they're laid low with underlying marketplace activities, implied volatility, and time decay.

Additional resources for Financial Statements: Step-by-Step Guide to Understanding and Creating Financial Reports (Revised and Expanded Edition)

Example text

See the depreciation discussion following. — 26 — The Balance Sheet Balance Sheet Format as of a specic date ASSETS ! CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID EXPENSES A B C D CURRENT ASSETS A+B+C+D=E OTHER ASSETS F FIXED ASSETS AT COST G ACCUMULATED DEPRECIATION H NET FIXED ASSETS G–H=I TOTAL ASSETS E+F+I=J Depreciation " Depreciation is an accounting convention reporting (on the Income Statement) the decline in useful value of a xed asset due to wear and tear from use and the passage of time.

ASSETS CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID EXPENSES A B C D CURRENT ASSETS A+B+C+D=E OTHER ASSETS F FIXED ASSETS AT COST ACCUMULATED DEPRECIATION G H NET FIXED ASSETS G–H=I TOTAL ASSETS E+F+I=J Current Assets: Cash " Cash is the ultimate liquid asset: on-demand deposits in a bank as well as the dollars and cents in the petty cash drawer. " When you write a check to pay a bill, you are taking money out of cash assets. S. dollars for corporations in the United States. S. company with foreign subsidiaries would convert the value of any foreign currency it holds (and also other foreign assets) into dollars for nancial reporting.

The Balance Sheet presents: what the enterprise has today: assets how much the enterprise owes today: liabilities what the enterprise is worth today: equity " The Balance Sheet reports: Has today = Owes today + Worth today “assets” “ liabilities” — 17 — “shareholders’ equity” Financial Statements Balance Sheet Format as of a specic date ASSETS CASH ACCOUNTS RECEIVABLE INVENTORY PREPAID EXPENSES A B C D CURRENT ASSETS A+B+C+D=E OTHER ASSETS F FIXED ASSETS AT COST ACCUMULATED DEPRECIATION G H NET FIXED ASSETS G–H=I TOTAL ASSETS E+F+I=J What are Assets?

Download PDF sample

Rated 4.81 of 5 – based on 35 votes