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Product details
File Size: 858 KB
Print Length: 209 pages
Simultaneous Device Usage: Up to 4 simultaneous devices, per publisher limits
Publisher: McGraw-Hill Education; 1 edition (April 29, 2010)
Publication Date: April 29, 2010
Sold by: Amazon Digital Services LLC
Language: English
ASIN: B003L779IA
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Amazon Best Sellers Rank:
#310,566 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
One of the best finance books I have ever read. It feels like you are a completely new person after reading this book. I didn't realize how much of a disadvantage I was at because I didn't know how to read balance sheets. I am a part-time positional trader and this book has opened my eyes and changed the way I look at companies. I will say it has definitely helped just a few days ago when I shorted $MU after reading their financials with what I learned by this book. Next 2 days the stock went down 11% because they had a very high debt to equity ratios and were highly over leveraged, two terms I didn't understand before this book.
Too many (parentheses) in a sentence which throws me off from the main point. Other than that, its an ok book.
A good basic primer written in an approachable style without being dumbed down. The writer gives good overview of Balance Sheet and Income Statement, discounting the relative importance of Cash Flow statement. Interesting discussion of aspects of financial statements that are subject to manipulation.
With a Bachelor's degree in marketing and finance and about 20 years of consulting for small and mid-sized businesses, I'm amazed at how many business owners and executives don't understand basic accounting. This book covers all you need to know about accounting to run a business and it's an easy read. Understanding the subject from Makoujy's perspective would have saved me much time and frustration in school and early in my career. The book provides accounting basics for novices and offers a great refresher for seasoned professionals. I recommend it highly.
This book is fine as it explains the intricacies of a company's balance sheet.
I wish I had this books years ago because not only was it chock full of information, but it was also written to be understood. Too often books on this subject become burdened with confusing terminology. I especially found the clear ,concise examples to be extremely helpful.Perhaps we should send free copies to all of our elected officials so they can understand more about long term liabilities and having a balanced balanced sheet. LOL. I highly recommend this book to anyone who wants a lot of useful information presented in a succinct, orderly way.
With no training or experience in accounting, and wanting to start my own business, I found this book extremely informative and relatively easy to understand. I'm sure those with more experience in accounting would find it somewhat simplistic but for me it was a great place to start.
I made a lot of research before buying this book and I must say I am very happy with it. Simple, practical and well organized. If you want to understand more about balance sheets this highly recommended.
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