Name: [eBook] Financial Statements (Third Edition) - A Step-by-Step Guide to Understanding and Creating Financial Reports by Thomas Ittelson
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[eBook] Financial Statements (Third Edition) - A Step-by-Step Guide to Understanding and Creating Financial Reports by Thomas Ittelson

RM10.00

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Thomas R. Ittelson's master work for entrepreneurs, non-financial managers, business students, lawyers, lenders, and investors--the bestselling book of its kind, with over 200,000 copies in print--has gotten even better with this 20th anniversary edition.

Ittelson is an expert at translating complicated financial topics in an accessible way for non-financial audiences. In this book, he empowers readers by clearly and simply demonstrating how the three major accounting statements interact to offer a snapshot of a company's financial health.

This book teaches readers how to use specialized accounting vocabulary and makes accessible the structure and purpose of the three major numeric statements that describe a company's financial condition. Each statement paints a different and essential picture--the "three-legged stool" of company reporting:

The income statement shows the manufacturing (or service offerings) and selling actions of the company that result in profit or loss during a period. It gives a very important perspective on the company's performance, its profitability.The cash flow statement details cash into and out of the company for a period. You need money to make money. Running out of cash is bad. Duh.The balance sheet records at the end of a period, an instant in time, what the company owns and what it owes, including the owners' stake, called shareholders' equity.

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[eBook] Financial Statements (Third Edition) - A Step-by-Step Guide to Understanding and Creating Financial Reports by Thomas Ittelson

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