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Reading Financial Reports For Dummies |
Author: Lita, MBA Epstein
Published: 2004-12-24 |
List price: $19.99
Our price: $13.59
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As of: November 21st, 2008 08:04:39 AM
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Customer comments on this selection.
 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.
Great Book
Great book, makes it very EASY to understand formulas. Not like most textbooks where there is pages of useless information. Recomend to anyone taking corporate finance or financial analysis.
reading financial reports for dummies
This book is an easy read. I thought I knew alot about business and the reports that reveal the status of business, but I found that I have alot more to learn. This book will help.
Alex Prokop
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