How to Read A Financial Report
||List Price: $19.95
Amazon.com Price: $13.97
- Media: Paperback
Publisher: John Wiley & Sons (22 February, 1999)
- Average Customer Review:
Based on 11 reviews.
Amazon.com Sales Rank: 2,340
Well Written Overview of Financial Statements and Accounting
This book is great for anyone ranging from beginner to intermediate knowledge of financial reports. I have taken accounting and finance classes in college. This book tells the same things that 600 page textbooks and hours and hours of lecture can tell you, but it does so in an easy to understand and concise manner.
Most important it explains the relationships clearly between the income statement, balance sheet, and cashflow statement. This book would be great for anyone starting an education in finance or for any investor trying to broaden their knowledge base. If you invest in stocks, you should learn how to read financial statements. This book will give you some much needed knowledge that you can use as you scour for companies to invest in.
This author takes pride in his writing. John A. Tracy is a professor of accounting, but his knack for concise explanations and the clear use of the English language is evident throughout.
One of the most useful presentations of this topic ever.
I have used this book to teach people with absolutely no training in accounting to understand financial statements. It appeals to non-quantitative and quantitative audiences alike. Non-quantitative audiences appreciate the plain language in which the book is written. Quantitative audiences immediately see how financial statements are laid out from a modelling point of view and invariably start coding up spreadsheets. People who need to explain anything related to financial statements should thoroughly read this book to see how clearly this topic can be treated.
Another aspect of this book is the ratio of success-to-effort one gets out of reading this book. Professsor Tracy's experience and time spent thinking about this topic is clearly demonstrated by his ability to explain just enough to allow even the rank beginner to understand financial statements.
Simple and to the point
John Tracy does an excellent job of reviewing the basics of reading a financial report. His treatment of how the Balance Sheet, Income, and Cash Flow Statements are related to each other is simple and to the point. He also discusses how various depreciation and inventory methods impact the financial reports. The book is easy to read and well organized. Anyone who is new to financial reports or who wants to brush up on financial reports since their accounting days in college should find this book useful.
RECOMMENDED Financial Statements books
RECOMMENDED MICROSOFT EXCEL TIPS