Active tools and exhibits to help you read, understand, & use financial statements like a seasoned professional
Financial statements are often complex and extremely difficult to understand for anyone other than accounting and finance professionals. Accompanying the new 10th edition of How to Read a Financial Report, How to Read a Financial Report: Workbook provides the context necessary to more thoroughly read, analyze, and interpret financial accounting reports and statements, including the statement of cash flows, the financial condition of a business (i.e., the balance sheet), and the P&L or income statement (a.k.a. the "big three" financial statements).
This workbook not only complements the 10th edition of How to Read a Financial Report, but expands on key financial and accounting concepts including providing more in-depth discussions of when and how to use financial ratio analysis by offering hands-on exercises and active tools. Further, new bonus material is provided that covers critical concepts including how businesses can "manufacture" cash from their balance sheet, clearly differentiating between real and imaginary profits, and introducing "must know" concepts and strategies associated with raising equity capital and company ownership structures.
A highly functional resource that can be used every day, this workbook is light on long, drawn-out explanations and instead features a wealth of exhibits to explain concepts, with accompanying companion exhibits which compare three real life case studies using different assumptions. This workbook also includes "in the trenches" content that enables readers to equate key concepts with commonly used "street" language in finance.
How to Read a Financial Report: Workbook is an ideal interactive learning resource for investors, lenders, business leaders, analysts, and managers who are hungry to enhance their career path and upward mobility by gaining more knowledge in understanding financial information and performance. For those of you who are interested in taking your knowledge of accounting and finance to the next level and gain confidence when swimming with the world's financial sharks, this workbook is for you!
