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Balance Sheet Basics: From Confusion to Comfort in Under 30 Pages (Financial Statement Basics) (Volume 1), by Axel Tracy
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Take control of your financial statements
• Take balance sheet analysis out of the ‘too hard basket’ and put it within your own skill set.
• Reduce your reliance on others to process balance sheet information. This will reduce costs & help build trust with your advisors through improved communication.
• Feel more empowered when provided with balance sheets, rather than feeling confused or simply filing them away unused…or filing them in a recycling bin!
Learn how to use accounting information to add value to your business and investments
• Understand your business and investments from a whole new light. You can make better decisions when armed with more knowledge & information.
• Learn how to ‘paint the picture’ that the balance sheet numbers provide. Through balance sheet analysis you will have a new tool to see where any business has been, is now & maybe will be in the future.
• Turn your accounting information from being a ‘compliance issue’ to it becoming a value creator that can assist your wealth creation.
Understand a primary financial statement from an experienced teacher
• Authored by a teacher of accounting with years of experience. This includes private tutoring to running sessions with 25 students.
• He has taught university students with all levels of skills, from those that had only basic levels of accounting knowledge to those with advanced study skills. This includes students from non-English speaking backgrounds.
• Axel Tracy was employed by his own university to run study sessions in Accounting Standards & Regulations while still being an undergraduate himself.
Build knowledge quickly from a concise, to the point, Book
• Be able to apply the knowledge quickly, this eBook should only take around 1-2 hours to read and understand.
• Don’t be swamped by too much detail too quickly. Cover all the basics, without the long-windedness, and then you can choose to deepen your knowledge elsewhere if desired.
• Written in a conversational manner, the eBook will not drive you up the wall by making prerequisite knowledge requirements. All jargon is explained clearly and the tone of the eBook is friendly and free flowing.
Buy Now and Add Balance Sheet Analysis to Your Skill Set
- Sales Rank: #1960934 in Books
- Published on: 2013-08-02
- Original language: English
- Number of items: 1
- Dimensions: 9.00" h x .15" w x 6.00" l, .20 pounds
- Binding: Paperback
- 58 pages
Most helpful customer reviews
1 of 1 people found the following review helpful.
Great Overview
By Larry Hamilton
Took Management Accounting in college and haven't done a great deal with it since. This was a good quick read that refreshed what I had learned in school. Anybody with a curios mind about accounting would like to read it. It didn't take much time to read and was informative. I liked it.
0 of 0 people found the following review helpful.
A CPA's Best Friend
By R. N. Cross
As a CPA myself, I've had years of education and work experience in the corporate environment working with the financial statements. I understand all the aspects of each statement and how they relate to each other.
I've always had some difficulty explaining the financial statements and their relationship in terms that a "non-finance" person could understand. In many instances, I'd get too detailed and I could see that I was loosing my audience. This book helps bridge that gap. In other instances, I didn't have enough time to sit down and fully explain everything from end-to-end to a "non-finance" person in order for them to fully appreciate the intricacies of the financial statements. And when I've given them a 200+ page book that explains accounting, the "non-finance" person is turned off. Again, this book bridges that gap with only 30 pages to understand the balance sheet at a high-level.
I highly recommend this book for the "non-finance" person who wants to step inside the brain of a "finance" person and gain a hi-level understanding of the financial statements. I also highly recommend buying Axel Tracy's other books here on Amazon.
0 of 0 people found the following review helpful.
Fundamentals of a balance sheet
By lean_bot
The author speaks to the small business owner which is often an audience overlooked by the professionals that manage their affairs. The initial balance sheet introduction is shown by the appearance of an Amazon Corp Balance Sheet. The author is aware that the b/s illustrated could scare the unfamiliar small business reader.
The transition into the b/s information along with definitions could have eased the owners into the b/s subject matter by showing a b/s that actually mirrors the situations that a small business owner would encounter.
This book offers definitions derived from the IASB which is for IFRS. An explanation is not noted on the reasons why a small business owner would need to know global business guidelines. The advantages of learning IFRS vs SMEs GAAP is not mentioned. Instead this information is sprinkled throughout the book "IASB ('rule', makers of the financial accounting profession.)
The reader should be encouraged to read this book if you are a small business owner that is interested in IFR standards of the balance sheet.
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