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Financial Statements DeMystified
. . . a self-teaching guide

by Bonita K. Kramer and
Christie W. Johnson

April 2nd, 2010 by john | 1,323 Comments | Filed in Book Reviews
Front CoverThis is a simple, well written book on financial statements.  From the best I can tell as a non-accountant, it’s got most everything you need to know to do a good, workmanlike analysis of a financial statement including references for  those cases where you need more.
If that is what you are looking for, I recommend it with one proviso.  It wasn’t until Chapter 10 that they talked about the kinds of things that I  was hoping to find and until that point I really wasn’t sure whether I wanted to recommend this book or not.
I say this because more than once in my journey from chapter 1 forward,  I found myself thinking . . . “I beg your pardon professor,  but even in this simplified format I think you may have confused me with someone who cares about accounting.”
I know that I have to learn the language and what the building blocks are in any new subject before  I can really use it, but what if I could get a look at what I could do with it?
So I went back and read Chapter 10: ‘Fraudulently Misstated Financial Statements” again, then went back through the book from front to back looking specifically for each concept and definition they used and found it much better.
Whether this was just a reflection of my reading style or of the book or the fact that I was reading the text a second time, I don’t know, but it worked well.

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