{"product_id":"the-comprehensive-guide-on-how-to-read-a-financial-report-website-isbn-9781118735718","title":"The Comprehensive Guide on How to Read a Financial Report, + Website","description":"\u003cb\u003eA comprehensive guide to reading and understanding financial reports\u003c\/b\u003e  \u003cp\u003eFinancial 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 comprehensive version of \u003ci\u003eHow to Read a Financial Report\u003c\/i\u003e breaks through that language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. The book 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eMakes it easy to understand what financial reports \u003ci\u003ereally\u003c\/i\u003e say\u003c\/li\u003e \u003cli\u003eUpdated to include the latest information financial reporting standards and regulatory changes\u003c\/li\u003e \u003cli\u003eWritten by an author team with a combined 50-plus years of experience in financial accounting\u003c\/li\u003e \u003cli\u003eThis comprehensive edition includes an ancillary website containing valuable additional resources\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith this comprehensive version of \u003ci\u003eHow to Read a Financial Report\u003c\/i\u003e, investors will find everything they need to fully understand the profit, cash flow, and financial condition of any business.\u003c\/p\u003e \u003cp\u003eList of Exhibits ix\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One—Financial Report Fundamentals\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Financial Statement Basics: The Real Meat and Potatoes of Financial Reports 3\u003c\/p\u003e \u003cp\u003e2 Starting with Cash Flows 13\u003c\/p\u003e \u003cp\u003e3 Mastering the Balance Sheet 21\u003c\/p\u003e \u003cp\u003e4 Understanding Profit 31\u003c\/p\u003e \u003cp\u003e5 Profit isn’t Everything and All Things 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two—Working Capital Connections\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6 Our Case Study—Company Introductions 55\u003c\/p\u003e \u003cp\u003e7 Sales Revenue, Trade Accounts Receivable, and Deferred Revenue 65\u003c\/p\u003e \u003cp\u003e8 Cost(s) of Goods Sold Expense and Inventory 77\u003c\/p\u003e \u003cp\u003e9 Inventory and Accounts Payable 89\u003c\/p\u003e \u003cp\u003e10 Operating Expenses and Accounts Payable 99\u003c\/p\u003e \u003cp\u003e11 Accruing Liabilities for Incurred but Unpaid Expenses 109\u003c\/p\u003e \u003cp\u003e12 Income Tax Expense—A Liability and Asset? 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three—Financial Capital Connections and Cash Flows\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13 Our Case Study—Company Updates and Assessments 129\u003c\/p\u003e \u003cp\u003e14 Long-Term Assets and Depreciation, Amortization, and Other Expenses 139\u003c\/p\u003e \u003cp\u003e15 Long-Term Liabilities, Interest, and Other Expenses 151\u003c\/p\u003e \u003cp\u003e16 Net Income, Retained Earnings, Equity, and Earnings per Share (EPS) 163\u003c\/p\u003e \u003cp\u003e17 Cash Flow from Operating (Profit-Making) Activities 173\u003c\/p\u003e \u003cp\u003e18 Cash Flows from Investing and Financing Activities 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four—Financial Report Analysis\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19 Expansion and Contraction Impacts on Cash Flow 195\u003c\/p\u003e \u003cp\u003e20 What is EBITDA and Why is it Important? 211\u003c\/p\u003e \u003cp\u003e21 Financial Statement Footnotes—The Devil’s in the Details 217\u003c\/p\u003e \u003cp\u003e22 Financial Statement Ratios—Calculating and Understanding 229\u003c\/p\u003e \u003cp\u003e23 Profit Analysis for Business Managers 245\u003c\/p\u003e \u003cp\u003e24 Our Case Study and the Moral of the Story—The Good, the Bad, and the Ugly 259\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five—Financial Report Truthfulness\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e25 Choosing Accounting Methods and Massaging the Numbers 273\u003c\/p\u003e \u003cp\u003e26 Audits of Financial Reports 285\u003c\/p\u003e \u003cp\u003e27 Small Business Financial Reporting 299\u003c\/p\u003e \u003cp\u003e28 Basic Questions, Basic Answers, No BS 309\u003c\/p\u003e \u003cp\u003eAbout the Authors 319\u003c\/p\u003e \u003cp\u003eAbout the Companion Website 321\u003c\/p\u003e \u003cp\u003eIndex 323\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eJOHN A. TRACY\u003c\/b\u003e 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 \u003ci\u003eAccounting For Dummies\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eTAGE C. TRACY\u003c\/b\u003e 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 \u003ci\u003eCash Flow For Dummies\u003c\/i\u003e and\u003ci\u003e Small Business Financial Management Kit For Dummies\u003c\/i\u003e with his father.   \u003c\/p\u003e\u003cp\u003eWhether you’re a manager attempting to get a clear picture of your company’s performance, an investor trying to determine if a business is a sound investment, or a lender who needs to measure an organization’s creditworthiness, the information contained in a financial report is the most valuable source of information at your disposal. \u003c\/p\u003e\u003cp\u003eNow only if it was written in a language you could read! \u003c\/p\u003e\u003cp\u003eFor more than thirty years, the number-one resource professionals have turned to for help in cutting through the haze of \u003ci\u003eaccountantese \u003c\/i\u003eand making sense of all those numbers has been\u003ci\u003e How to Read a Financial Report\u003c\/i\u003e. \u003c\/p\u003e\u003cp\u003eNow this newly updated guide steers you painlessly through the basic accounting concepts and provides line-by-line explanations of a financial statement. It shows you how the three parts of a financial report—the balance sheet, the income statement, and the cash flow statement—fit together and the story they tell. Further, it provides invaluable insight on hot and trending accounting topics, expanded tools to help “root out” questionable and difficult to understand accounting concepts, and an array of tips, tidbits, and traps to take the readers’ understanding of financial statements and accounting to the next level. \u003c\/p\u003e\u003cp\u003eWhat make this edition unique are several new features that take you beyond simply understanding financial reports to show you how to apply the information they contain, including: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eA website featuring hotlinks to significant current events, online resources that expand on critical concepts covered, and much more\u003c\/li\u003e \u003cli\u003eA Web-based “Test My Knowledge” section with thorough answers\u003c\/li\u003e \u003cli\u003eGuidelines on how to apply the information contained in reports to identify problems, errors, inconsistencies, and irregularities\u003c\/li\u003e \u003cli\u003eAn in-depth case study comparing two companies’ performance over several years and showing the role accounting played in their differing outcomes\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003e\u003ci\u003eThe Comprehensive Guide on How to Read a Financial Report\u003c\/i\u003e is your plain-English guide to sorting out what all those numbers are \u003ci\u003ereally\u003c\/i\u003e saying.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990194012389,"sku":"NP9781118735718","price":40.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118735718.jpg?v=1761786865","url":"https:\/\/k12savings.com\/products\/the-comprehensive-guide-on-how-to-read-a-financial-report-website-isbn-9781118735718","provider":"K12savings","version":"1.0","type":"link"}