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Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports
Thomas R. Ittelson

Career Press, 1998 - 223 pages

average customer review:based on 44 reviews
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   highly recommended  highly recommended






A Great Place to Start

I've recently begun investing in stocks, but I knew nothing about financial reports or accounting. Now I do. Not only did I learn a lot from Ittelson, I want to know more! I liked this book because it was easy to get through (the writing is straightforward and the font is BIG), it utilizes a building-block method of learning, and employs a fictional company from page one to illustrate all the concepts of financial reports. If you're a beginner, this is a great place to start.


Great book

I'm getting an MBA and have taken no prior business classes. I found this book to be very useful, especially the step-by-step walkthrough. I was initially concerned that the book would be too basic when reading the first section, however the next sections were excellently executed.

With this as background i'm moving on to Higgins Analysis For Financial Management, Techniques Of Financial Analysis by Eric A. Helfert, and The Analysis And Use Of Financial Statements by Gerald White as recommended by one of the reviwers here. I've also order Graham and Dodd's Security Analysis as the capstone for my self-education.


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Comprehensive and Fun to read

This is a comprehensive book and easy and fun to read. Now if you can't understand this book then I suggest not to deal with any numbers and leave it all up to a professional. This book is an easy guide that takes you by hand to show you all three statements income, cash flow and balance sheet and explains them all and tell you how they are related. It also builds a company and records all transactions into these 3 statements. It's easy and fun.






Excellent read

Excellent read to unravel the confusing vocabulary of the subject. Excellent as a review and easy to understand.


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reviews: 1, 2, 3, page 4, 5, 6, 7, 8, 9



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