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Bookkeeping All-in-One For Dummies, 2nd Edition
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Bookkeeping All-in-One For Dummies, 2nd Edition

by Lita Epstein, John A. Tracy
August 2019
Intermediate to advanced content levelIntermediate to advanced
608 pages
15h 28m
English
For Dummies
Content preview from Bookkeeping All-in-One For Dummies, 2nd Edition

Chapter 1

Financial Report Basics

IN THIS CHAPTER

Bullet Reviewing the importance of financial reports

Bullet Exploring the different types of financial reporting

Bullet Discovering the key financial statements

Bullet Getting acquainted with the parts of the annual report

Bullet Looking at the three most important documents

Bullet Summing up the financial information

Financial reports give a snapshot of a company’s value at the end of a particular period, as well as a view of the company’s operations and whether it made a profit. The business world couldn’t function without financial reports. Yes, fewer scandals would be exposed because companies wouldn’t be tempted to paint false but pretty financial pictures, but you’d still need a way to gauge a firm’s financial health.

At this point in time, nothing’s available that can possibly replace financial reports. Nothing can be substituted that would give investors, financial ...

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Publisher Resources

ISBN: 9781119592907Purchase book