Now the best-selling book of its kind has gotten even better.

This revised and expanded second edition of Ittelson’s master work will give you that firm grasp of “the numbers” necessary for business success. With more than 100,000 copies in print, 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. And with the book’s uniquely visual approach, you’ll be able to see exactly how each transaction affects the three key financial statement of the enterprise.

Two new major sections with nine new chapters were added to this revised second edition of Financial Statements, simply the clearest and most comprehensive introduction to financial reporting available.

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September 17th, 2017

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3 Comments

  • momof5 says:

    This is an excellent book for learning or reviewing basic financial information This is an excellent book for learning or reviewing basic financial information. There are only 2 things that, I think, would have made the book even better; 1) it would have been nice if it included a CD of an Excel template for the Appleseed Co. I made my own, and did the transactions, which was helpful in getting comfortable with the different finacial statements. and 2) If the author would have used the correct “debit” and “credit” terminology in reference to the balance…

  • R. Griffin says:

    Ittelson Nails It The three financial statements that are fundamental to any understanding of business and investing–the Balance Sheet, Income Statement and Cash Flow Statement–are thoroughly explained and explored in clear and simple terms with a deft touch of whimsy in this book. Financial terms many take for granted are effectively defined. (Difference between revenue and income, anyone?) This is NOT advanced economics but rather Accounting 101 for those investors, business people and others who need to…

  • Amazon Customer says:

    A good step to developing financial inteligence If you’re attempting to develop your financial intelligence, its important to understand not only financial terms, but how financial statements (and they’re standard in America regardless of what industry you operate in) work.This book does a good job making a very dry subject interesting and understandable. I feel much more knowledgeable now than I did before reading this book. That being said, just quickly reading through the book won’t magically enlighten you. I took notes and…

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