Financial Statements – A Step-by-Step Guide
Many non-financial managers have an accounting phobia …a financial vertigo that limits their effectiveness. If you think “inventory turn” means rotating stock on the shelf, and that “accrual” has something to do with the Wicked Witch of the West, then this book’s for you.
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports is designed for those business professionals (1) who know very little about accounting and financial statements, but feel they should, and those (2) who need to know a little more, but for whom the normal accounting and financial reporting texts are mysterious and un-enlightening. In fact, the above two categories make up the majority of all people in business. You are not alone.
Financial Statements: A Step-by-Step Guide to Understanding and Creating Financial Reports is a transaction-based, business training tool with clarifying, straightforward, real-life examples of how financial statements are built and how they interact to present a true financial picture of the enterprise.
We will not get bogged down in details that get in the way of conceptual understanding. Just as it is not necessary to know how the microchips in your computer work to multiply a few numbers, it’s not necessary to be a Certified Public Accountant (CPA) to have a working knowledge of the “accounting model of the enterprise.”
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