Lurking somewhere amidst all the figures in a financial report is vitally
important information about where a company has been and where it is
headed. But without a guide to isolate and interpret those numbers, the
dizzying array of columns and rows doesn't add up to a hill of beans.
That's why thousands of professionals and savvy individuals have referred
to this bestselling resource that shows anyone how to make sense of all
those numbers. Updated throughout, this edition features new information on
tax reform, depreciation methods, spotting fraudulent reporting, and recent
FASB rulings. Also, all exhibits have been made easier to follow. "If you
would like to have a minimal understanding of the numbers that make up a
balance sheet, income, and cash flow statement . . . then How to Read a
Financial Report might be just what you are looking for. Mr. Tracy's book
explains in plain English the meaning of the major terms used in financial
statements." —The Wall Street Journal "What distinguishes Tracy's efforts
from other manuals is an innovative structure that visually ties together
elements of the balance sheet and income statement by tracing where and how
a line item in one affects an entry in another." —Inc. magazine "An
excellent job of showing how to separate the wheat from the chaff without
choking in the process." —Miami Herald "A wonderful book-organized
logically and written clearly. For a Fool to be an effective investor, she
has to know her way around a financial statement. This book will help you
develop that skill. It's the clearest presentation of many accounting
concepts that this Fool has seen." —Selena Maranjian, The Motley Fool