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How to Read a Financial Report: Wringing Vital Signs Out of the Numbers, 8th Edition by Tage C. Tracy, John A. Tracy

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CONTENTS

List of Exhibits

Preface to the Eighth Edition

Part One: Fundamentals

Chapter 1: Starting with Cash Flows

Cash Flows Summary for a Business

What Does Cash Flows Summary Not Tell You?

Profit Cannot Be Measured by Cash Flows

Cash Flows Do Not Reveal Financial Condition

A Final Note before Moving On

Chapter 2: Three Financial Statements

Reporting Financial Condition, Profit Performance, and Cash Flows

Income Statement

Balance Sheet

Statement of Cash Flows

Chapter 3: Profit Accounting

An Important Question

Nature of Profit

Recording Revenue and Expenses

Winding Up

Chapter 4: Profit Isn’t Everything

Threefold Financial Task of Business Managers

One Problem in Reporting Financial Statements

Interlocking Nature of the Three Financial Statements

Connecting the Dots

Part Two: Connections

Chapter 5: Sales Revenue and Accounts Receivable

Exploring One Link at a Time

How Sales Revenue Drives Accounts Receivable

Accounting Issues

Chapter 6: Cost of Goods Sold Expense and Inventory

Holding Products in Inventory before They Are Sold

Accounting Issues

Chapter 7: Inventory and Accounts Payable

Acquiring Inventory on the Cuff

Accounting Issues

Chapter 8: Operating Expenses and Accounts Payable

Recording Expenses before They Are Paid

Accounting Issues

Chapter 9: Operating Expenses and Prepaid Expenses

Paying Certain Operating Costs before They Are Recorded as Expenses

Accounting Issues: Using Prepaid Expenses to Massage the Numbers

Chapter 10: Depreciation Expense and Property, Plant, and ...

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