Interpret Financial Reports (2nd Edition)

Author: Written by Bruns et al., translated by Zhi Xiaoqiang and Lou Shu
Publisher:
Publish Date: 2006-09-01
Features: The book "Interpreting Financial Reports" explains accounting principles in a relaxed language through simple case studies, making it highly readable. The authors have considered the needs of managers who wish to quickly grasp accounting knowledge, such as including thought-provoking questions at the beginning of each chapter to stimulate readers' interest. By reflecting on relevant issues in their own companies, readers can gain a deeper understanding of accounting standards. The book primarily covers the following topics: accounting framework, financial statements, and accounting concepts; current assets; fixed assets and other assets; liabilities; owner's equity; the diversity of accounting principles; auditors and audit opinions; financial ratios and financial statement analysis. Instead of listing accounting journal entries, the book focuses more on explaining the impact of accounting policies on financial statements. Therefore, it is highly suitable for managers who wish to understand basic accounting concepts and financial reporting in a short period. The book uses plain language to explain the origins of accounting principles and thought, which will also benefit accounting professionals.