Lurking somewhere amidst all the figures in a financial report is vitally important information about where a company has been and where it is headed. But without a guide to isolate and interpret those numbers, the dizzying array of columns and rows doesn't add up to a hill of beans. That's why thousands of professionals and savvy individuals have referred to this bestselling resource that shows anyone how to make sense of all those numbers. Updated throughout, this edition features new information on tax reform, depreciation methods, spotting fraudulent reporting, and recent FASB rulings. Also, all exhibits have been made easier to follow.
"If you would like to have a minimal understanding of the numbers that make up a balance sheet, income, and cash flow statement . . . then How to Read a Financial Report might be just what you are looking for. Mr. Tracy's book explains in plain English the meaning of the major terms used in financial statements."
—The Wall Street Journal
"What distinguishes Tracy's efforts from other manuals is an innovative structure that visually ties together elements of the balance sheet and income statement by tracing where and how a line item in one affects an entry in another."
—Inc. magazine
"An excellent job of showing how to separate the wheat from the chaff without choking in the process."
—Miami Herald
"A wonderful book-organized logically and written clearly. For a Fool to be an effective investor, she has to know her way around a financial statement. This book will help you develop that skill. It's the clearest presentation of many accounting concepts that this Fool has seen."
—Selena Maranjian, The Motley Fool
This new Eighth Edition of How to Read a Financial Report breaks through that language barrier, clears away the fog, and offers a plain-English user's guide to financial reports.
The purpose of this book is to help readers understand the basics of understanding financial statements.
This guide will give you the tools you need to test profitability, liquidity, and cash flow.
What make this edition unique are several new features that take you beyond simply understanding financial reports to show you how to apply the information they contain, including: A website featuring hotlinks to significant current events, ...
... 66-67 "grey area" costs of capitalization, 1 26- 1 29 inconsistencies caused by accelerated depreciation, 1 30 management manipulation, 109-111, 120-121, 128 market value of stock shares, 13 7, 139, 1 50 minimization by LIFO method, ...
Written for both audiences, this book: Clearly defines accounting terminology and concepts, while offering numerous examples of financial statements reflecting both the old and new FASB standards Steers you, line-by-line, through financial ...
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...
Inspired by the seminal work of Buffett's mentor, Benjamin Graham, this book presents Buffett's interpretation of financial statements with anecdotes and quotes from the master investor himself.
How to Read a Balance Sheet
A history of corporate finance knows hundreds of cases of aggressive or fraudulent application of accounting rules, ... while the following chapters offer a detailed manual (supported by multiple real-life case studies) on various tools ...