Financial reports provide vital information to investors, lenders and managers. Yet the statements in a fi nancial report seem to be written in a foreign language that only other accountants can understand. This 7th edition of the best-selling How to Read a Financial Report breaks through the language barrier, clears away the fog and offers a plain-English user’s guide to fi nancial reports.
• It helps readers get a sure-handed grip on the profi t, cash fl ow and fi nancial condition of any business.
• New information found in this updated edition includes: discussions of the transition to international accounting and fi nancial reporting standards; refl ections on fi nancial reporting and auditing in the post-Enron era; detailed illustrations that explain connections between the three fi nancial statements; and much more.
