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Publisher's Summary

Financial Statements is a perfect introduction to financial accounting for non-financial managers, stock market investors, undergraduate business and MBA students, lawyers, lenders, entrepreneurs, and more. Most introductory finance and accounting books either fail because they are written by accountants for accountants or the authors "dumb down" the concepts until they are virtually useless. Financial Statements deftly shows that all this accounting and financial reporting stuff is not rocket science and that anyone can understand it!

Thomas R. Ittelson is a scientist, businessman, author, and teacher with many years of hands-on experience in business development and marketing for technical companies. As a consultant to entrepreneurs, Ittelson has written business plans and prepared financial projections that have helped raise more than $500 million in start-up equity capital.

©2011 Thomas Ittelson (P)2011 Listen & Live Audio, Inc.

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Average Customer Ratings

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  • Overall
    5 out of 5 stars
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  • Joseph
  • Bradenton, Florida, United States
  • 12-13-11

Excellent book - much more than the title suggests

Where does Financial Statements rank among all the audiobooks you’ve listened to so far?

One of the best business books I have ever read.

Who was your favorite character and why?

The best part of the book is the second half, where the author explains Capital Budgeting, and related evaluation tools. It ties together the various financial concepts that one learns sparatically in college.

What about Chris Ensweiler’s performance did you like?

Absolutely excellent

What insight do you think you’ll apply from Financial Statements?

A full and complete understanding of a business from an accounting and finance perspective.

Any additional comments?

I would highly recommend this book to anyone interested in business, especially accounting and finance people that would like a clear understanding of financial concepts applied.

3 of 3 people found this review helpful

  • Overall
    5 out of 5 stars
  • Philo
  • San Diego, CA, United States
  • 08-11-11

Breezy, nicely connected a lot of dots

I found this a great accompaniment to an all-online financial accounting class, because it fills in what the class and textbook lacked: a nice conversational sort of overview of how all the parts fit together.

7 of 8 people found this review helpful

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    5 out of 5 stars

Perfect for non financial people

It's fast so don't be afraid to pause and go back. You'll get it hang in there.

1 of 1 people found this review helpful

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    5 out of 5 stars
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    5 out of 5 stars

Outstanding

Would you consider the audio edition of Financial Statements to be better than the print version?

I'm a Business student majoring in finance and I can highly recommend this book This provides an excellent overview.

What was one of the most memorable moments of Financial Statements?

So much information, details where it's needed, and general overview for everything else.

1 of 1 people found this review helpful

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  • KP
  • Ahmedabad, Gujarat India
  • 03-08-15

Great hearing

It was nice and lucid
Certainly recommend for people who wants basic understanding
Voice very clear and crisp
Should read the book also

1 of 1 people found this review helpful

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    5 out of 5 stars

Best Audio Book for Financial Statements

This book provided all I could ask from an audio book about financial statements and more. I enjoy reading about finance and investing and have listened to scores of books on my commutes. I usually do not rate books but this one deserves all the stars I can give.

Ittelson provides a ton of practical information necessary to make sense of financial statements and my confidence in reading financial statements has grown immensely through this book. Further, however, he shows through Appleseed Inc how an entrepreneur would use the statements, how corporate transactions are handled, how venture capital would affect them, how a crooked corporate leadership might cook other books, signs of such miscreants that may show up in corporate books, how market bubbles form, and much more. Towards the end he gives real world historical examples to illustrate the workings and pitfalls of accounting.

I appreciate that Ittelson did not dumb down the content such that it would be a simple but useless read. You may have to hit the 30 second rewind a lot, but your understanding will grow and you will be glad you did.

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Not your Dad's accounting primer!

When you purchase a book to refresh your recollection of accounting, and the book enhances your knowledge of investments; you have made a great financial decision. Ittelson, has authored an excellent Audiobook.

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    2 out of 5 stars

Not what I was expecting

I was expecting a book that would help me gain deeper insights into financial statements, but instead it was mostly a step by step log of a company’s accounting. The little insights were dumbed down, and lacked depth. I would skip this book unless you're 17 years old and have no business experience at all.

1 of 2 people found this review helpful

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Well put together!

This book really is put together brilliantly. You will get a good handle on key concepts and general best practices pretty quickly. Great foundation to build on.

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  • DG
  • 02-16-16

Could have been a lot better

I was hoping for a lot more similar type or different type transactions for Apple Bee Inc. Its a decent book but should have had more accounting entries

1 of 2 people found this review helpful