How to Read a Financial Report
Wringing Vital Signs Out of the Numbers
8th Edition
Published on 8. April 2014
Book
Paperback/Softback
240 pages
978-1-118-73584-8 (ISBN)
Description
An updated new edition of the comprehensive guide to reading and understanding financial reports
Financial reports provide vital information to investors, lenders, and managers. Yet, the financial statements in a financial report seem to be written in a foreign language that only accountants can understand. This new Eighth Edition of How to Read a Financial Report breaks through that language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. This updated edition features new information on the move toward separate financial and accounting reporting standards for private companies, the emergence of websites offering financial information, pending changes in the auditor's report language and what this means to investors, and requirements for XBRL tagging in reporting to the SEC, among other topics.
* Makes it easy to understand what financial reports really say
* Updated to include the latest information financial reporting standards and regulatory changes
* Written by an author team with a combined 50-plus years of experience in financial accounting
With this new edition of How to Read a Financial Report, investors will find everything they need to fully understand the profit, cash flow, and financial condition of any business.
Financial reports provide vital information to investors, lenders, and managers. Yet, the financial statements in a financial report seem to be written in a foreign language that only accountants can understand. This new Eighth Edition of How to Read a Financial Report breaks through that language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. This updated edition features new information on the move toward separate financial and accounting reporting standards for private companies, the emergence of websites offering financial information, pending changes in the auditor's report language and what this means to investors, and requirements for XBRL tagging in reporting to the SEC, among other topics.
* Makes it easy to understand what financial reports really say
* Updated to include the latest information financial reporting standards and regulatory changes
* Written by an author team with a combined 50-plus years of experience in financial accounting
With this new edition of How to Read a Financial Report, investors will find everything they need to fully understand the profit, cash flow, and financial condition of any business.
More details
Other editions
New editions
Book
10/2024
10th Edition
Wiley
€31.50
Shipment within 15-20 days
John A. Tracy | Tage C. Tracy
How to Read a Financial Report: Wringing Vital Signs Out of the Numbers
Wringing Vital Signs Out of the Numbers
Book
02/2020
9th Edition
Wiley
€24.90
Article exhausted; check for reprint
Previous edition
Book
05/2009
7th Edition
Wiley
€19.90
Article exhausted; check for reprint
Persons
JOHN A. TRACY is a successful financial accounting author. In addition to all eight editions of this book, he is the author of a number of books including the best-selling Accounting For Dummies.
TAGE C. TRACY heads a consulting firm specializing in providing executive-level financial and accounting management resources on a project and/or interim basis. He has worked with companies in an array of industries ranging from web-based technology/solutions to manufacturing to retail to professional service organizations and finance. In addition, Tage has co-authored Cash Flow For Dummies and Small Business Financial Management Kit For Dummies with his father.
TAGE C. TRACY heads a consulting firm specializing in providing executive-level financial and accounting management resources on a project and/or interim basis. He has worked with companies in an array of industries ranging from web-based technology/solutions to manufacturing to retail to professional service organizations and finance. In addition, Tage has co-authored Cash Flow For Dummies and Small Business Financial Management Kit For Dummies with his father.
Content
List of Exhibits ix
Preface to the Eighth Edition xiii
Part One--Fundamentals
1 Starting with Cash Flows 3
2 Three Financial Statements 11
3 Profit Accounting 23
4 Profit Isn't Everything 33
Part Two--Connections
5 Sales Revenue and Accounts Receivable 43
6 Cost of Goods Sold Expense and Inventory 49
7 Inventory and Accounts Payable 55
8 Operating Expenses and Accounts Payable 61
9 Operating Expenses and Prepaid Expenses 67
10 Depreciation Expense and Property, Plant, and Equipment; Intangible Assets 73
11 Accruing the Liability for Unpaid Expenses 83
12 Income Tax Expense and Its Liability 89
13 Net Income and Retained Earnings; Earnings per Share (EPS) 95
Part Three--Cash Flow
14 Cash Flow from Operating (Profi t-Making) Activities 103
15 Cash Flows from Investing and Financing Activities 111
16 Growth and Decline Impacts on Cash Flow 119
Part Four--Analysis
17 Footnotes to Financial Statements 133
18 Financial Statement Ratios 143
19 Profit Analysis for Business Managers 157
Part Five--Truthfulness
20 Choosing Accounting Methods and Massaging the Numbers 171
21 Audits of Financial Reports 181
22 Basic Questions, Basic Answers 193
23 Small Business Financial Reporting 209
About the Authors 215
Index 217
Preface to the Eighth Edition xiii
Part One--Fundamentals
1 Starting with Cash Flows 3
2 Three Financial Statements 11
3 Profit Accounting 23
4 Profit Isn't Everything 33
Part Two--Connections
5 Sales Revenue and Accounts Receivable 43
6 Cost of Goods Sold Expense and Inventory 49
7 Inventory and Accounts Payable 55
8 Operating Expenses and Accounts Payable 61
9 Operating Expenses and Prepaid Expenses 67
10 Depreciation Expense and Property, Plant, and Equipment; Intangible Assets 73
11 Accruing the Liability for Unpaid Expenses 83
12 Income Tax Expense and Its Liability 89
13 Net Income and Retained Earnings; Earnings per Share (EPS) 95
Part Three--Cash Flow
14 Cash Flow from Operating (Profi t-Making) Activities 103
15 Cash Flows from Investing and Financing Activities 111
16 Growth and Decline Impacts on Cash Flow 119
Part Four--Analysis
17 Footnotes to Financial Statements 133
18 Financial Statement Ratios 143
19 Profit Analysis for Business Managers 157
Part Five--Truthfulness
20 Choosing Accounting Methods and Massaging the Numbers 171
21 Audits of Financial Reports 181
22 Basic Questions, Basic Answers 193
23 Small Business Financial Reporting 209
About the Authors 215
Index 217