How to Read a Financial Report
Wringing Vital Signs Out of the Numbers
Financial reports provide vital information to investors,lenders, and managers. Yet, the financial statements in a financialreport seem to be written in a foreign language that onlyaccountants can understand. This Seventh Edition of How to Read aFinancial Report breaks through the language barrier, clears awaythe fog, and offers a plain-English user's guide to financialreports. The book helps you get a sure-handed grip on the profit,cash flow, and financial condition of any business.
Here's what's new in the Seventh Edition:
Discussion of the transition to international accounting andfinancial reporting standards
A streamlined centerpiece exhibit used throughout the book toexplain connections between the three financial statements
An integrated section on analyzing profit, cash flow, andsolvency for investors, lenders, and managers (now Part Two in thisedition)
Reflection on financial reporting and auditing in the post-Enronera
"What distinguishes Tracy's efforts from other manuals is aninnovative structure that visually ties together elements of thebalance sheet and income statement by tracing where and how a lineitem in one affects an entry in another."
"An excellent job of showing how to separate the wheat from thechaff without choking in the process."
—The Miami Herald
"A wonderful book organized logically and written clearly. For aFool to be an effective investor, she has to know her way around afinancial statement. This book will help you develop that skill.It's the clearest presentation of many accounting concepts thatthis Fool has seen."
—Selena Maranjian, The Motley Fool
Title: How to Read a Financial Report
Author: John A. Tracy