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Reading Financial Reports For Dummies |
Author: Lita Epstein MBA
Published: 2004-12-24 |
List price: $19.99
Our price: $3.56
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As of: July 04th, 2009 03:04:07 AM
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Customer comments on this selection.
 I never received my item!!! It's been a month!
I never received my item. Please refund my money or send the book!
Thank you,
Becky
 Dummy No More
I had been exposed to financial reports before buying this book and had a cursory understanding of what they were about, but in reality the only line I really understood was whether money was made or lost during the course of the year. Now I understand how all those "other" line items play into telling a story about the success or failure of a business.
Easy read, but don't try to swallow it all at once.
 Reading Financial Reports for Dummies
Some prior knowledge of accounting is required. Written very well. Contents presented in a easy to understand format. Well done.
The best foundation
So i'm just starting to get into the investing world and after reading books on the top guys like Warren Buffet and George Soros I wanted to read something that would help me grasp financial statements so I could learn if business are being profitable and make educated decisions instead of betting on the market. This helped me ALOT. I gives great examples of not just the information on a financial report but also gives you a behind the scene's look at how the numbers can be affected by different business reporting. If you're just getting into the field, buy this! Even if you know 50% of what's in here, there's things that you pick up along the way that are priceless.
If you had to read only one investment book, this one should be it!
This is the single best book for beginner and intermediate-skilled investors. I believe most non-professional investors will find this an absolute gem. The writing is clear and actually fun to read. You will learn the basics of how to evaluate companies, but Epstein includes nuances that even more advanced investors will find useful.
The book is valuable because of its appropriate coverage of 4 separate areas:
1) Teaches the reader basic accounting. For example, what do different items on a cash flow statement really mean and how are they related to the balance sheet or the income statement?
2) Once you understand basic accounting, it teaches you how to manipulate some of these numbers to get a better understanding of how well the company is doing. For example, what is the significance of inventory turnover?
3) Points you to other sources for more information and greater understanding ie: different websites and how to get bond ratings on particular companies.
4) Discusses pitfalls of analyzing financial reports. She discusses how companies manipulate numbers and how you can improve your chances of catching the culprits. She discusses 10 guilty companies.
There are many great books investors should read, but if you were only allowed one then this should be the one. Bravo Lita!
P.S. I am not a generous Amazon reviewer as you can see for yourself by reading my other reviews.
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