How to Read a Financial Report

Starting with Cash Flows; Introducing the Balance Sheet and Income Statement; Profit Isn't Everything; Sales Revenue Accounts Receivable; Cost of Goods Sold Expense Inventory; Inventory Accounts Payable; Operating Expenses Accounts Payable; Operating Expenses Accrued Expenses (Payable); Operating Expenses Prepaid Expenses; Property, Plant and Equipment Depreciation Accumulated Depreciation; Interest Expense Accrued Expenses (Payable); Income Tax Expense Income Tax Payable; Net Income (Profit) Retained Earnings; Cash Flow Analysis of Profit; Other Cash Flows Financing and Investing Activities; Growth, Decline, and Cash Flow; Footnotes The Fine Print in Financial Reports; The Cost of Credibility Audits by CPAs; Manipulating the Numbers (Or, Cooking the Books); Making and Changing the Rules; The Cost of Goods Sold Conundrum; Accelerated or Straight-Line Depreciation?; Ratios for Creditors and Investors; A Few Parting Comments; Index.