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Reading Financial Reports For Dummies, 3rd Edition PDF Download
18/12/ · Reading Financial Reports For Dummies, 3rd Edition PDF Download, By Lita Epstein, ISBN: , When I open an annual financial report today, one of the first questions I ask myself is, “Can I believe the numbers I'm seeing?” I never used to think Reading Financial Reports For Dummies, 2nd Edition About This Book This book provides detailed information on how to read a financial report’s key statements — the balance sheet, the income statement, and the statement of cash flows — as well as how to discover and scour a report Estimated Reading Time: 8 mins About the book Reading Financial Reports For Dummies pdf free download. The U.S. government began standardizing and regulating financial reporting in when the stock market crash made it painfully clear that businesses often made absurd claims and that investors were either gullible, unable to verify information, or both
Reading financial reports for dummies pdf free download
This reading financial reports for dummies pdf free download was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below! Home Add Document Sign In Register. Reading Financial Reports For Dummies Home Reading Financial Reports For Dummies. Author: Lita Epstein.
DOWNLOAD PDF. g Easier! Making Everythin g n i d a Re Learn to: Go to dummies. com for more! She was a financial manager for a medical clinic and content director for a financial services Web site, MostChoice. Hoboken, NJ www. com Copyright © by Wiley Publishing, Inc. Requests to the Publisher for permission should be addressed to the Legal Department, Wiley Publishing, Inc. Trademarks: Wiley, the Wiley Publishing logo, For Dummies, the Dummies Man logo, A Reference for the Rest of Us! All other trademarks are the property of their respective owners.
Wiley Publishing, Inc. NEITHER THE PUBLISHER NOR THE AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. For general information on our other products and services, please contact our Customer Care Department within the U. atoutside the U. ator fax For technical support, please visit www. Wiley also publishes its books in a variety of electronic formats. Some content that appears in print may not be available in electronic books. After receiving her MBA, she managed finances for a small non-profit organization and the facilities management section of a large medical clinic.
Now she enjoys helping people develop good financial, investing, and taxplanning skills. She designs and teaches online courses on topics such as investing for retirement, getting ready for tax time, and finance and investing for women. She is the author of more than 25 books, including Working After Retirement For Dummies, Bookkeeping For Dummies, Bookkeeping Workbook For Dummies all published by WileyStreetwise Crash Course MBA, and Questions You Should Ask to Avoid Foreclosure Adams Media Corporation.
Lita is also the coauthor of Trading For Dummies Wiley. Lita was the content director for a financial services Web site, MostChoice. com, and managed the Web site, Investing for Women. As a Congressional press secretary, Lita gained firsthand knowledge about how to work within and around the federal bureaucracy, which gives her great insight into how government programs work. Lita has also been a reporter at a daily newspaper, a magazine editor, and an associate director for development at The Carter Center.
For fun, Lita enjoys scuba diving and is certified as an underwater photographer. She hikes, canoes, and enjoys surfing the Web to find its hidden treasures. Dedication To my father, Jerome Kirschbrown, an auditor and savings and loan examiner, who helped hone my financial skills and taught me to be leery of what I see in financial reports.
Acknowledgments I would like to thank all the people at Wiley who helped make this book possible, especially my acquisitions editor, Stacy Kennedy, who first discussed this topic with me; my project editor, Chrissy Guthrie, who did a wonderful job of steering this book through the entire process and was always available to help me with any problems; and my copy editor, Todd Lothery, for reading financial reports for dummies pdf free download excellent work cleaning up the copy.
Reading financial reports for dummies pdf free download also want to thank my agent, Jessica Faust, who finds all these great projects for me, and my outstanding technical editor, Michelle Wissman, who helped keep all the technical accounting stuff accurate for this book. And a special thank you to H. Wolpin, who puts up with all my craziness as I rush to reading financial reports for dummies pdf free download deadlines.
For other comments, please contact our Customer Care Department within the U. Some of the people who helped bring this book to market include the following: Acquisitions, Editorial, reading financial reports for dummies pdf free download, and Media Development Senior Project Editor: Christina Guthrie Previous Edition: Traci Cumbay Acquisitions Editor: Stacy Kennedy Composition Services Project Coordinator: Patrick Redmond Layout and Graphics: Reuben W.
Davis, Nikki Gately, Christine Williams Copy Editor: Todd Lothery Proofreaders: Christopher M. Jones, Jessica Kramer Assistant Editor: Erin Calligan Mooney Indexer: Potomac Indexing, LLC Editorial Program Coordinator: Joe Niesen Technical Editor: Michelle Wissman Editorial Manager: Christine Meloy Beck Editorial Assistants: David Lutton, reading financial reports for dummies pdf free download, Jennette ElNaggar Cover Photo: Image Source Pink Cartoons: Rich Tennant www.
or Ms. The financial scandals of the late s and early s destroyed my confidence in those numbers, as they did for millions of other U.
investors who lost billions in the stock-market crash that followed those scandals. After these financial reporting scandals came to light, more than public companies had to restate their earnings. Yet, in almost a repeat of the scandals, the mortgage mess of showed how financial institutions were still using the same tricks of keeping key financial information off the books to hide financial troubles. I still wonder what government regulators and public accountants were thinking and doing during these fiascos.
How did the system break down so dramatically and so quickly? Although a few voices raised red flags, their pleas were drowned out by the euphoria of the building stock-market bubble of the early s and the housing-market bubble of the mids. Companies that fail to meet their quarterly expectations find their stock quickly beaten down on the market.
To avoid the fall, companies massage their numbers. This shortsighted race to meet the numbers each quarter is a big reason why these scandals happen in the first place. Since the scandals broke, legislators have enacted new laws and regulations to attempt to correct the problems. In this book, I discuss these new regulations and show you how to read financial reports with an ounce of skepticism and a set of tools that can help you determine whether the numbers make sense.
The key difference between them is whether a company has gone through incorporation, which is the rather complicated legal process by which a company gets a state charter to operate as a business. To find out more about company structure and incorporation, see Chapter 2.
To help you practice the tools I show you in this book, I use the annual reports of the two largest toy companies, Mattel and Hasbro, reading financial reports for dummies pdf free download, and dissect their reports throughout various chapters. com and www. But in some cases, I provide details that offer more than the basic stuff you need to know to understand the big Introduction picture.
Even if you skip them, you still get all the information you need. On the other hand, if you savor every financial detail or fancy yourself the bravest of all financial report readers, then dig in! You can skip those, too, and still be able to understand how to read financial reports. Foolish Assumptions To write this book, I made some basic assumptions about who you are. How This Book Is Organized I organize this book into six parts.
After introducing the basics, I carefully dissect what goes into financial reports, giving you the tools you need to analyze those reports. I introduce you to the company outsiders who are involved in the financial reporting process and show you how to find red flags that may indicate deceptive or fraudulent reporting.
If you need an introduction to these basics or just a simple refresher course, you may want to begin here. In this part, you find information about the types of business structures, the differences between public and private corporations, and the accounting basics necessary to understand financial reports.
Part II: Checking Out the Big Show: Annual Reports This part introduces you to the key elements of an annual financial report. The first chapter reviews the main sections of an annual report; the chapters that follow focus on each of these sections individually, explaining what you find in a financial report and how to use that information. Another chapter explains in more detail what you can expect to find in the notes to the financial statements and what all that drivel means.
In the last chapter of this part, I discuss consolidated statements and the information that goes into them. Part III: Analyzing the Numbers In this part, I give you the tools you need to analyze the numbers in financial statements. I show you how to test profitability, liquidity, and cash flow see Chapters 11, 12, and 13 for details on these topics.
These tools help you determine whether a company is a good investment. Part IV: Understanding How Companies Optimize Operations This part focuses on using financial statements to measure how efficiently management is using its resources.
I review the basics of budgeting and how to use financial reports in the budgeting process. You also find tools for testing how efficiently companies manage their assets and keep cash flowing. Introduction Part V: The Many Ways Companies Answer to Others In this part, I focus on the outsiders involved in the financial reporting process.
I review the accounting rules and the role of auditors, and I also discuss the key reports the government requires of all public companies.
Then I introduce you to the push reading financial reports for dummies pdf free download global financial reporting standards. Next, I look at the role analysts play in the world of financial reporting. I also talk about shareholders and what they should expect from the companies they invest in. And in the last chapter, I discuss how some companies massage the numbers when they compile their financial reports.
Part VI: The Part of Tens In the Part of Tens, I give you a quick reference list pointing out the reading financial reports for dummies pdf free download ten signs that a company is in financial trouble. I also outline some of the juicier financial reporting scandals of the past several years. Finally, reading financial reports for dummies pdf free download, because much of the language of financial reporting may be new to you, I include a glossary at the end of the book.
This icon points out ideas for improving your financial report reading skills and directs you to some useful financial resources. This icon highlights information you definitely want to remember. This icon points out a critical piece of information that can help you find the dangers and perils in financial reports.
Throughout the book, I give examples from financial reports of real companies, particularly Mattel and Hasbro. I highlight these examples with the icon you see here. If you already know the basics, turn to Part II to begin dissecting the parts of a financial report. And to get started on the road to analyzing the numbers, turn to Part III. If your priority is tools for optimizing company operation, you may want to begin with Part IV.
Those of you who want to know more about company outsiders involved in the financial reporting process may want to start at Part V.
How to Read an Annual Report - 10k for Beginners
, time: 13:16Reading financial reports for dummies pdf free download
About the book Reading Financial Reports For Dummies pdf free download. The U.S. government began standardizing and regulating financial reporting in when the stock market crash made it painfully clear that businesses often made absurd claims and that investors were either gullible, unable to verify information, or both 18/12/ · Reading Financial Reports For Dummies, 3rd Edition PDF Download, By Lita Epstein, ISBN: , When I open an annual financial report today, one of the first questions I ask myself is, “Can I believe the numbers I'm seeing?” I never used to think Reading Financial Reports For Dummies, 2nd Edition About This Book This book provides detailed information on how to read a financial report’s key statements — the balance sheet, the income statement, and the statement of cash flows — as well as how to discover and scour a report Estimated Reading Time: 8 mins
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