{"product_id":"books-financial-statements-by-thomas-ittelson","title":"Financial Statements","description":"\u003cp\u003e\u003cb\u003eOver 200,000 copies sold \u003c\/b\u003e\u003c\/p\u003e\u003cp\u003eThomas R. Ittelson's master work for entrepreneurs, non-financial managers, business students, lawyers, lenders, and investors--the bestselling book of its kind, with over 200,000 copies in print--has gotten even better with this 20th anniversary edition.\u003c\/p\u003e\u003cp\u003eIttelson is an expert at translating complicated financial topics in an accessible way for non-financial audiences. In this book, he empowers readers by clearly and simply demonstrating how the three major accounting statements interact to offer a snapshot of a company's financial health. \u003c\/p\u003e\u003cp\u003eThis book teaches readers how to use specialized accounting vocabulary and makes accessible the structure and purpose of the three major numeric statements that describe a company's financial condition. Each statement paints a different and essential picture--the three-legged stool of company reporting: \u003cbr\u003e\u003c\/p\u003e\u003cul\u003eThe income statement shows the manufacturing (or service offerings) and selling actions of the company that result in profit or loss during a period. It gives a very important perspective on the company's performance, its profitability.\u003cli\u003eThe cash flow statement details cash into and out of the company for a period. You need money to make money. Running out of cash is bad. Duh.\u003c\/li\u003e\n\u003cli\u003eThe balance sheet records at the end of a period, an instant in time, what the company owns and what it owes, including the owners' stake, called shareholders' equity.\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eWith two new major topic sections (nonprofit organization accounting and pricing theory for profitability) and spot color reformatting to improve comprehension, this third edition of \u003ci\u003eFinancial Statements\u003c\/i\u003e is simply the clearest and most comprehensive introduction to financial reporting available. No accounting background is required.\u003c\/p\u003e","brand":"World of Books ","offers":[{"title":"Default Title","offer_id":53771234083089,"sku":null,"price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781601630230.jpg?v=1783966683","url":"https:\/\/www.worldofbooks.com\/en-gb\/products\/books-financial-statements-by-thomas-ittelson","provider":"World of Books ","version":"1.0","type":"link"}