Publisher's Synopsis
There's no mystery to understanding company financial statements. Even if you have no financial or accounting background, you can read those intimidating-looking financial statements as easily as A-B-C. The second edition of "The Guide to Understanding Financial Statements", by S.B. Costales and Geza Szurovy, makes all the numbers and jargon absolutely clear. In seconds, you'll spot a company's strengths and weaknesses, see how it's performance measures up, and have a solid basis for judging future prospects. The material is so easy to grasp, you'll know it all on first reading, discover: what a balance sheet really reveals; the true significance of a profit and loss statement; what the six most important financial ratios are, and what each can tell you; how to tell when the numbers are favorable or not; how to spot fraud; how to discover whether the stated value of certain assets is true; and much more.
