Financial Statements

The Ultimate Guide to Financial Statements Analysis for Business Owners and Investors

By: Greg Shields

Narrated by: Michael Reaves

Length: 3 hrs and 49 mins

Publisher's summary

Say goodbye to scratching your head in confusion.

This audiobook on financial statements for business owners and investors could be the answer you're looking for....

If you have your own business, understanding financial statements better will help you get more profit out of your business, and this will also help you recognize warning signs in the accounts. Knowing your way around financial statements will help you spot trends in working capital that might mean you need to raise fresh finance, for example. You'll also be able to use financial statements of other companies in your sector to set your business benchmarks that can help improve your performance.

This audiobook starts with a little introduction to accounting basics - the principles behind financial statements - and to the auditing process, just to set the scene. Then we go through the three main statements - profit and loss, balance sheet, and cash flow - and explain how they work and what the different items in them mean. After that, we get into the real meat of the book, looking at sample accounts and discussing how to calculate ratios that will tell you a lot about the health of the business. Also, where to look in the notes to the accounts to find out "where the bodies are buried"!

Here are just some of the topics that are discussed in this audiobook:

• Accounts and audit
• The profit and loss account
• The balance sheet
• Sources and uses of funds
• Notes to the accounts
• Running the ratios
• Putting it into practice
• Depreciation and amortization – a closer look
• A few tips for the business owner or manager
• And much more

Listen to this audiobook now to learn more about financial statements!

©2018 Greg Shields (P)2018 Greg Shields

I would highly recommend this book.

I would highly recommend this book to anyone who does not know anything about accounting. I am considering starting a business and have been educating myself on various topics. Although, I have a science/math background, I have never taken an accounting course.

Awesome book to learn from scratch.

Awesome book to learn from scratch. Explains things in plain English. And of course, for a fraction of other textbooks or classes. A best 3-4 day crash course in basic accounting and financial statement analysis.

If I can give it 100 stars,

I was very confused the first time at investopedia and couldn't understand a whole lot. But after reading this book and how simple and easy to understand it is, I can understand finance in general and learn a lot of finance vocabularies with a lot less effort.

Simply and the best to loearn FS.

A solid foundation is critical to understanding concepts. So you'd think most books would spend a lot of time ensuring and clarifying the basics, right? Wrong! Simply not true! Most of the accounting/finance books just don't get into clarifying the very basics - the confusing array of terms used, how they fit together, what they actually mean in a real world setting, etc.

Wanna learn Financial Statements? Try this audible

Excellent writing style, very easy to understand plus free of fluff. Other two books that helped me greatly and I highly recommend.

The best book on Financial Statement.

This book is a gem. I had absolutely no background in finance. With some help from a formal class plus two other books I am doing fine now just within a short span of two months.

Greg Shields Nails It

This book is a great book that is helpful for financial illiterates as well as seasoned vets. I love the way the author walks thru accounting basics by using a fictitious company. Great read!

This is the language of business.

Financial Statements made it easy to understand the big picture and then placed each concept into that context. I appreciated that it started with clear, simple definitions of the basic concepts and explanations for why those concepts are useful, making no assumptions on the reader. Where the book really shined was in showing exactly how the three core financial statements connected to each other - and each example really solidified the concepts.

A clear format that are easy to follow

The explanations of the accounting terms are clear. Also the financial statements are presented in a clear format that are easy to follow. However they are some math errors that should have been caught when the the book went to the editors.

Solid understanding of financial statements

Although I have been an entrepreneur for nearly 40 years and took finance and accounting in college, I learned concepts from this book that had never been obvious to me before. Several times I had the "slap the forehead - but of course" reaction. Great book. Thanks.