How to read a financial report

A valuable resource for translating financial reports into real, meaningful information for investors Financial reports provide vital information to investors, lenders, and managers. Yet the statements in a financial report seem to be written in a foreign language that only other accountants can understand. This Seventh Edition of the bestselling How to Read a Financial Report breaks through the language barrier, clears away the fog, and offers a plain–English user′s guide to financial reports. It helps readers get a sure–handed grip on the profit, cash flow, and financial condition of any business. New information found in this updated edition include: discussions of the transition to international accounting and financial reporting standards; reflections on financial reporting and auditing in the post–Enron era; detailed illustrations that explain connections between the three financial statements; and much more. John A. Tracy, CPA (Boulder, CO), is an award–winning Professor of Accounting, Emeritus, at the University of Colorado at Boulder. His other books include The Fast Forward MBA in Finance, Second Edition (978–0–471–20285–1), Accounting for Dummies, Fourth Edition (978–0–470–24600–9), and Accounting Workbook for Dummies (978–0–471–79145–4). Tracy has also served on the board of directors of a bank, and has taught executive development programs.