Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports

Thomas Ittelson

1,299 ratings by Goodreads

Language: English

Published by Career Pr Inc, 2009

1601630239 / 9781601630230

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Over 200,000 copies sold Thomas R. Ittelson's master work for entrepreneurs, non-financial managers, business students, lawyers, lenders, and investors--the bestselling book of its kind, with over 200,000 copies in print--has gotten even better with this 20th anniversary edition.Ittelson is an expert at translating complicated financial topics in an accessible way for non-financial audiences. In this book, he empowers readers by clearly and simply demonstrating how the three major accounting statements interact to offer a snapshot of a company's financial health. This book teaches readers how to use specialized accounting vocabulary and makes accessible the structure and purpose of the three major numeric statements that describe a company's financial condition. 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.With two new major topic sections (nonprofit organization accounting and pricing theory for profitability) and spot color reformatting to improve comprehension, this third edition of Financial Statements is simply the clearest and most comprehensive introduction to financial reporting available. No accounting background is required.

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Title
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports
Author
Thomas Ittelson
Publisher
Career Pr Inc
Publication year
2009
Condition
Good
Binding
Paperback
Language
English
ISBN 10
1601630239
ISBN 13
9781601630230
Edition
2nd Edition

World of Books Inc

Montgomery, IL, U.S.A.

2-star seller

AbeBooks seller since March 23, 2026

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Founded in 2002, World of Books is a leading online destination for buying and selling both preloved and new books, committed to making sustainable reading accessible to all. With a mission to help people read more and waste less, World of Books offers a huge range of affordable, high-quality books — giving both new and preloved titles a second life. The company also operates World of Books – Sell Your Books, an easy-to-use platform that allows customers to trade in unwanted books for cash, helping to keep books in circulation while promoting sustainability. As a Certified B Corp, World of Books is driven by a vision to become the world’s largest and most sustainable dedicated online bookstore. The company measures its success through the positive environmental impact it creates, the value it provides to customers, and its ability to operate profitably while supporting its sustainable mission

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