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Financial statements : a step-by-step guide…
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Financial statements : a step-by-step guide to understanding and creating… (udgave 2009)

af Thomas R. Ittelson

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1835114,292 (3.43)Ingen
Ittelson's master work will give you that firm grasp of "the numbers" necessary for business success. Financial Statements is a perfect introduction to financial accounting for non-financial managers, stock-market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs, and more. Most introductory finance and accounting books fail either because they are written "by accountants for accountants" or the authors "dumb down" the concepts until they are virtually useless. Financial Statements deftly shows that all this accounting and financial reporting stuff is not rocket science and that you can understand it! Ittelson empowers non-financial managers by clearly and simply demonstrating how the balance sheet, income statement and cash flow statement work together to offer a "snapshot" of any company's financial health. Every term is defined in simple, understandable language. Every concept is explained with a basic, straightforward transaction example. As a result, you'll be able to see exactly how each transaction affects the three key financial statements of the enterprise.… (mere)
Medlem:sebroll
Titel:Financial statements : a step-by-step guide to understanding and creating financial reports
Forfattere:Thomas R. Ittelson
Info:Franklin Lakes, NJ : Career Press, c2009.
Samlinger:Dit bibliotek
Vurdering:
Nøgleord:Ingen

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Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports af Thomas R. Ittelson

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Viser 5 af 5
If you find yourself needing to have a conceptual understand of financial statements, what they tell, how they are put together, and how they can be interpreted, it is hard to go wrong with this engaging, approachable book. ( )
  Cicero | Jan 17, 2019 |
This is a really good book for review. I am going back into a business degree and Its been several years since I have had accounting. This book acted as a great refresher and it is laid out in a very logical manner. I would say that you might wanted to consider the printed version vs the kindle version. Because of the layout of the book and the type of subject matter, it does not lend itself to be easy to read on the kindle. ( )
  salsaballroom | Feb 15, 2017 |
A colleague years ago explained - in about 25 words - the concept of double-entry accounting. If you don't understand that basic concept and aren't prepared to explain it to anyone you meet then this book may well leave you bewildered. However, once the concept is understood, this book is a good 'traveling companion' through the morass of financial statements. If you're in an industry where a standardized chart of accounts is used for comparison, you'll be able to more accurately determine which of several sound-alike accounts would be most appropriate for what you're trying to accomplish. The style of presentation is, at times, a bit too succinct for the concepts involved and the typeface layout isn't the best for this type of book. Those nits notwithstanding, it's a good book for someone getting more in-depth into accounting in an organization where there aren't already a lot of pre-established requirements. I wouldn't rate it as particularly helpful for someone trying to create financials for financing purposes. ( )
  minfo | Aug 29, 2011 |
I can't quite get my head around double-entry accounting. The logical part of me loves the idea of "checks and balances" but the practical part asks how something can be both an asset and a liability?

But that's not what's keeping me from completely enjoying Financial Statements. It's a very good introduction to the basics of business paperwork: the income statement, the cash flow statement, and the balance sheet. After a quick overview of essential accounting terms, the book then follows a hypothetical company through some three dozen transactions. Most of these transactions are on a two-page spread so that we constantly see the effects of each transaction on the three financial statements (including a few that don't have an effect). The book ends with a bit of theory: making decisions based on these financial statements.

The two-page concept works fairly well. There are a few spots where different numbers are used in the financial statements than in the transaction description; with only two pages allotted there is not much room for detail (although eventually most of these "inconsistencies" are explained in later pages). My biggest complaint, though, is the constant notation about advanced topics. Many transactions have a paragraph that says "More later" or "That will be explained later." Only one of these actually points specifically to a page; none of them refer to an indexed term. So if you know where to start but not how to finish, you'll have to read through the rest of the book to find what you're looking for (the index isn't all that great).

Financial Statements would make a great supplement for anyone taking an accounting or business class, or perhaps a stand-alone textbook for a very dedicated self-studier (one who hopefully can ask a mentor about certain areas). As for me, I now have a greater appreciation of all these numbers, even if I personally can't make them work. But then again, Mom always wanted me to be a doctor. ( )
2 stem legallypuzzled | Aug 24, 2011 |
HF5681 .B2174 1998 (A)
  Farella | Apr 12, 2011 |
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I dedicate this book to Alesdair, who had the good sense to become a lawyer and not an accountant.
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[Introduction] Many non-financial managers have an accounting phobia ... a financial vertigo that limits their effectiveness.
[Section A] This book is written for people who need to use financial statements in their work but have no formal training in accounting and financial reporting.
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I interviewed a young woman -- just out of school -- for the job and asked her why she wanted to be an accountant. Her answer was a surprise to all of us,

"Because accounting is so symmetrical, so logical, so beautiful and it always comes out right," she said.
This chapter will give you recipes for book-cooking. The goal here is not to make you able to prepare fraudulent financial statements yourself. Leave this task to trained professionals.
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Ittelson's master work will give you that firm grasp of "the numbers" necessary for business success. Financial Statements is a perfect introduction to financial accounting for non-financial managers, stock-market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs, and more. Most introductory finance and accounting books fail either because they are written "by accountants for accountants" or the authors "dumb down" the concepts until they are virtually useless. Financial Statements deftly shows that all this accounting and financial reporting stuff is not rocket science and that you can understand it! Ittelson empowers non-financial managers by clearly and simply demonstrating how the balance sheet, income statement and cash flow statement work together to offer a "snapshot" of any company's financial health. Every term is defined in simple, understandable language. Every concept is explained with a basic, straightforward transaction example. As a result, you'll be able to see exactly how each transaction affects the three key financial statements of the enterprise.

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