- Series: Financial Statement Basics (Book 1)
- Paperback: 58 pages
- Publisher: CreateSpace Independent Publishing Platform; 1 edition (August 2, 2013)
- Language: English
- ISBN-10: 1495200256
- ISBN-13: 978-1495200250
- Product Dimensions: 6 x 0.2 x 9 inches
- Shipping Weight: 4.5 ounces (View shipping rates and policies)
- Average Customer Review: 7 customer reviews
- Amazon Best Sellers Rank: #1,720,816 in Books (See Top 100 in Books)
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Balance Sheet Basics: From Confusion to Comfort in Under 30 Pages (Financial Statement Basics) (Volume 1) 1st Edition
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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.
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.