Financial statements : a step-by-step guide to understanding and creating financial reports (over 200,000 Copies Sold!). / by Thomas R. Illelson.

Format:

Book

Author/Creator:

Ittelson, Thomas R., 1946- author.

Language:

English

Subjects (All):

Financial statements.

Physical Description:

1 online resource (306 pages) : illustrations.

Edition:

Classic edition.

Place of Publication:

Newburyport : Red Wheel/Weiser, 2022.

Summary:

"Simply the clearest and most comprehensive introduction to financial reporting available. No accounting background is required. "Finally, a handbook that takes the mystery out of accounting principles." -Margi Gandolfi, VP Marketing/Strategic Planning of New York Blood Center This edition replaces all previous editions of this bestselling title based on the revised and expanded edition corrected and back to the basics. Financial Statements is a perfect introduction to financial accounting for non-financial managers, investors, business students, lawyers, lenders, entrepreneurs, and more. Financial Statements deftly shows that all this accounting and financial-reporting stuff is not rocket science and that anyone 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. And with the book's uniquely visual approach, you'll be able to see exactly how each transaction affects the three key financial statements of the enterprise. Each statement paints a different and essential picture-the "three-legged stool" of company reporting: • The income statement shows the manufacturing (or service offerings) 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."-- Provided by publisher.

Contents:

Front cover

Copyright

Contents

Preface

Introduction

Section A. Financial Statements:Structure &amp

Vocabulary

About This Section

Chapter 1. Twelve Basic Principles

Chapter 2. The Balance Sheet

Chapter 3. The Income Statement

Chapter 4. The Cash Flow Statement

Chapter 5. Connections

Section B. Transactions: Exploits of AppleSeed Enterprises, Inc.

Chapter 6. Startup Financing and Staffing

Chapter 7. Staffing and Equipping Facility

Planning for Manufacturing

Chapter 8. Startup of Manufacturing Operations

Chapter 9. Marketing and Selling

Chapter 10. Administrative Tasks

Section C. Financial Statements:Construction &amp

Analysis

Chapter 12. Keeping Track with Journals and Ledgers

Chapter 13. Ratio Analysis

Chapter 14. Alternative Accounting Policies and Procedures

Chapter 15. Cooking the Books

Section D. Business Expansion: Strategy, Risk &amp

Capital

Chapter 16. Mission, Vision, Goals, Strategies, Actions and Tactics

Chapter 17. Risk and Uncertainty

Chapter 18. Making Decisions About Appleseed's Future

Chapter 19. Sources and Costs of Capital

Section E. Making Good CapitalInvestment Decisions

Chapter 20. The Time Value of Money

Chapter 21. Net Present Value (NPV)

Chapter 22. Making Good Capital Investment Decisions

Summary and Conclusion

Appendix A. Short History of Business Fraud and SpeculativeBubbles

Appendix B. Nominal Dollars vs. Real Dollars

Index

About the Author

Back cover.

Notes:

Description based on publisher supplied metadata and other sources.

Other Format:

Print version: Ittelson, Thomas Financial Statements

ISBN:

9781632652089

OCLC:

1337070665