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<b><i>Part One—Components and Connections in Financial Statements.</i></b> <p>1 Starting with Cash Flows.</p> <p>2 The Three Financial Statements.</p> <p>3 Profit Isn't Everything.</p> <p>4 Sales Revenue and Accounts Receivable.</p> <p>5 Cost of Goods Sold Expense and Inventory.</p> <p>6 Inventory and Accounts Payable.</p> <p>7 Operating Expenses and Accounts Payable.</p> <p>8 Operating Expenses and Prepaid Expenses.</p> <p>9 A Unique Expense: Depreciation.</p> <p>10 Accruing the Liability for Unpaid Expenses.</p> <p>11 Income Tax Expense and Its Liability.</p> <p>12 Net Income and Retained Earnings; Earnings per Share (EPS).</p> <p>13 Cash Flow from Operating (Profit-Making) Activities.</p> <p>14 Cash Flows from Investing and Financing Activities.</p> <p>15 Footnotes to Financial Statements.</p> <p><b><i>Part Two—Financial Statement Analysis.</i></b></p> <p>16 Impact of Growth and Decline on Cash Flow.</p> <p>17 Financial Statement Ratios.</p> <p>18 Profit Analysis for Business Managers.</p> <p><b><i>Part Three—Reliability of Financial Report.</i></b></p> <p>19 Accounting and Financial Reporting Standards.</p> <p>20 Accounting Methods and Massaging the Numbers.</p> <p>21 Audits of Financial Reports in the Post-Enron Era.</p> <p>22 Parting Comments.</p> <p><b><i>Index.</i></b></p>

<b>JOHN A. TRACY</b> is an award-winning Professor of Accounting, Emeritus, at the University of Colorado at Boulder. His other books include <i>The Fast Forward MBA in Finance, Second Edition, Accounting For Dummies, Fourth Edition, and Accounting Workbook For Dummies,</i> all published by Wiley.

<b>How to Read a Financial Report Seventh Edition</b> <p>Financial reports provide vital information to investors, lenders, and managers. Yet, the financial statements in a financial report seem to be written in a foreign language that only accountants can understand. This Seventh Edition of How to Read a Financial Report breaks through the language barrier, clears away the fog, and offers a plain-English user's guide to financial reports. The book helps you get a sure-handed grip on the profit, cash flow, and financial condition of any business.</p> <p>Here's what's new in the <i>Seventh Edition:</i></p> <ul> <li> <p>Discussion of the transition to international accounting and financial reporting standards</p> </li> <li> <p>A streamlined centerpiece exhibit used throughout the book to explain connections between the three financial statements</p> </li> <li> <p>An integrated section on analyzing profit, cash flow, and solvency for investors, lenders, and managers (now Part Two in this edition)</p> </li> <li> <p>Reflection on financial reporting and auditing in the post-Enron era</p> </li> </ul> <p>"What distinguishes Tracy's efforts from other manuals is an innovative structure that visually ties together elements of the balance sheet and income statement by tracing where and how a line item in one affects an entry in another."<br /> —<b><i>Inc.</i></b></p> <p>"An excellent job of showing how to separate the wheat from the chaff without choking in the process."<br /> —<b><i>The Miami Herald</i></b></p> <p>"A wonderful book organized logically and written clearly. For a Fool to be an effective investor, she has to know her way around a financial statement. This book will help you develop that skill. It's the clearest presentation of many accounting concepts that this Fool has seen."<br /> —<b>Selena Maranjian, <i>The Motley Fool</i></b></p>

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