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.
Whether you're a manager attempting to get a clear picture of your company's performance, an investor trying to determine if a business is a sound investment, or a lender who needs to measure an organization's creditworthiness, the information contained in a financial report is the most valuable source of information at your disposal.
Now only if it was written in a language you could read!
For more than thirty years, the number-one resource professionals have turned to for help in cutting through the haze of accountantese and making sense of all those numbers has been How to Read a Financial Report.
Like its predecessors, this eighth edition steers you painlessly through the basic accounting concepts and provides line-by-line explanations of a financial statement. It shows you how the three parts of a financial report-the balance sheet, the income statement, and the cash flow statement-fit together and the story they tell. And it provides up-to-date coverage of important tax reforms, depreciation methods, international standards, recent FASB rulings and more.
How to Read a Financial Report is your plain-English guide to sorting out what all those numbers are really saying.
Praise for How to Read a Financial Report
"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
