Visual Finance: The One Page Visual Model to Understand Financial Statements and Make Better Business Decisions Kindle Edition
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|Length: 180 pages||Word Wise: Enabled||
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Top Customer Reviews
By the way, I'm a CPA with an undergraduate degree in Accounting. I got a better understanding from this book on how to explain accounting issues to non-finance executives in a jargon-free way than ever before.
I highly recommend it! And if you really want to enjoy it, I will suggest the paper version for the best reading experience.
I've never left an amazon review, but this book is an exception. Really pieced together alot of the knowledge I had already and spared the academic jargon. I hope this guy goes on to write more because we need more of this and less crap written by pretentious MBA's.
The book was strongest when describing the three statements and how to read them. Appendix 2, "Reading your company's financial report using the one page model," was also strong. Everything in between -- starting with "vertical analysis" and an endless series of ratios -- is far less compelling.
Mr. Tsvetanov relied on a copy editor, but not enough. A section titled "Cashflow Statement and Income Statement" ("cashflow" one word) begins, "The cash flow statement ..." ("cash flow" as two words). Similarly: "For one business (retail) electricity could be a fixed cost because. If your store is full of customers, or empty, you will still be paying the same bill." Then there's this: "Still, making all calculations results to be not so practical and visual, this is why public companies must include cash flow statement as a separate document in their annual report."
Still, the book was pretty good, and I'm glad I read it.
-- Understand the big business picture
-- Analyze how cash flow and financial balance are affected by management decisions
-- Understand and interpret financial statements