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How to Use Financial Statements: A Guide to Understanding the Numbers
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Sales rank 65,415
Customers rating (based on 6 reviews)
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How to Use Financial Statements explains in clear, easy to understand methods how to read a financial statement. Written for the non-financial professional, this book is ideal for: - Professionals that have been promoted to a job that requires reviewing financial statements
- Investors that have accumulated enough savings to begin looking at alternatives
- Spouses that have suffered the loss of the member of the family who has always dealt with financial matters
- Readers who work in non-financial areas and have no interest in investments
This practical guide includes: - An overview of financial statementsÂÂwhat they are and what they tell us
- A thorough, yet basic introduction to the accrual concepts
- Easy to understand explanations of profit and loss
- Statement of cash flows and special reporting issues
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| Publisher | McGraw-Hill | | Release date | 06/1994 | | Availability | Usually ships in 24 hours | | Edition | Paperback |
| | List price | $19.95 | | Our price | $13.57 (you save 31.98%) | | Used price | from $5.64 |
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 Awesome book
I am very happy with financial statements. It is clear, concise and gets right to the point. Plus it's light too. Overall I am happy with my purchase.
 good and bad
There is no doubt that the author is extremely knowledgeable about financial statements, but he struggles to write a clear introduction for newcomers. I finished the book with a muddy, incomplete understanding of financial statements.
In his attempt to introduce financial statements to first-timers like me, the author gets a couple things right:
- it's short. the length is a very comforting 130 pages.
- it's illustrated. there are drawings of scales with profit/loss, etc. This is essential for visual learners like me.
However, the author fails on these points:
- cute phrases instead of genuine insight. The author's little jokes in the text felt a little self-indulgent, and didn't help explain. There is one exception: it was useful when the author describes the fans of the various reports - P/L vs Balance vs Cash Flow. However, most of the rest of the joking was irrelevant and amateur.
- Not well written. Like many technical books, the quality of writing was poor. Many parts like first drafts - left me with lots of questions. The illustrations often felt incomplete and didn't help explain much.
- Expert blindness. In some ways, experts are the worst people to write books for beginners. They are passionate about the details and history, which is not what newcomers need.
I understand why financial experts would recommend this book to newcomers: they share the passions of the author. However, this doesn't help newcomers. I will keep shopping for the book that gives me the basic 'big picture' understanding of financial statements I need.
excellent refresher
I had a basic understanding of financial statements from accounting courses in college, but had forgotten most of it in the past 7 years. This book was a great refresher and would probably also be a good first book for someone with zero - very limited knowledge.
Great for understanding & interpreting financial statements
This book teaches anyone (from owners, to managers, to employees, to customers, to lenders, to suppliers, and to attorneys) how to obtain answers from financial statements by asking the right questions. This book is not filled with esoteric symbols and mathematical babbles, but with clear diagrams and down to earth explanations of the applications of each part of the financial statements. The author has done an excellent job on making this seemingly confusing subject very easy to understand and useful to those who needs to make decisions from it.
Good Things Come In Small Packages
The best book of its type: covers key points in a direct and effective way. If you need to refresh understanding of financial statements, or learn the basic in a concise format you will be pleased with this book. As a finance professor and practioner (CFA) I have recommended Bandler to numerous students and associates.
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