Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports

by Thomas R. Ittelson Narrated by Paul Heitsch

Overview

Thomas R. Ittelson is an expert at translating complicated financial topics in an accessible way for non-financial audiences. In this book, he empowers listeners 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 listeners 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 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.



With two new major topic sections, this third edition of Financial Statements is simply the clearest and most comprehensive introduction to financial reporting available. No accounting background is required.

Editorial Reviews

From the Publisher

"After reading Financial Statements, executives will no longer have to pretend that they understand what financial statements mean. A great introductory book."
--Timothy D. MacLellan, CPA, PFS , partner, Morgan & Morgan, PC

"Finally, a handbook that takes the mystery out of accounting principles. I recommend this book to any 'non-financial' type who sits at the head of the table--boardroom or kitchen."
--Margi Gandofi, vice president, strategic programs/clinical services, New York Blood Center

"I wish this book were around when I started my first company. The entrepreneur can learn in one evening's reading what it took me two years of learning-by-doing!"
--Gordon B. Baty, partner, Zero Stage Capital

Product Details

BN ID:	2940177745763
Publisher:	Ascent Audio
Publication date:	04/01/2020
Edition description:	Unabridged

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