This guide to understanding financial statements assumes no prior
knowledge of accounting or mathematics, or even business
sophistication. It contains numerous worked-out examples and sample
balance sheets which clarify explanations, while end-of-chapter
questions make the book useful for self-study and training
programmes. Now in its second edition, it features new and expanded
coverage of cash flow analysis, Subchapter S corporations,
LIFO/FIFO accounting and profit margin analysis.
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